UXI vs. CMDT
UXI (ProShares Ultra Industrials) and CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) are both exchange-traded funds - UXI is a Leveraged Equities fund tracking the Dow Jones U.S. Industrials Index (200%), while CMDT is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. Both are passively managed. Over the past 3 years, UXI returned 35.06%/yr vs 12.77%/yr for CMDT. At a 0.06 correlation, their price movements are largely independent. UXI charges 0.95%/yr vs 0.65%/yr for CMDT.
Performance
UXI vs. CMDT - Performance Comparison
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Returns By Period
In the year-to-date period, UXI achieves a 27.75% return, which is significantly higher than CMDT's 13.43% return.
UXI
- 1D
- -3.58%
- 1M
- 7.77%
- YTD
- 27.75%
- 6M
- 24.69%
- 1Y
- 45.13%
- 3Y*
- 35.06%
- 5Y*
- 13.19%
- 10Y*
- 20.48%
CMDT
- 1D
- -1.14%
- 1M
- -8.86%
- YTD
- 13.43%
- 6M
- 13.42%
- 1Y
- 21.34%
- 3Y*
- 12.77%
- 5Y*
- —
- 10Y*
- —
UXI vs. CMDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UXI ProShares Ultra Industrials | 27.75% | 28.84% | 26.48% | 27.43% |
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 13.43% | 12.78% | 6.93% | 5.37% |
Correlation
The correlation between UXI and CMDT is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since May 10, 2023 | 0.06 |
The correlation between UXI and CMDT shifts across timeframes, from -0.07 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UXI vs. CMDT — Risk / Return Rank
UXI
CMDT
UXI vs. CMDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Industrials (UXI) and PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UXI | CMDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.29 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 1.93 | -0.01 |
| Martin ratioReturn relative to average drawdown | 6.78 | 9.62 | -2.84 |
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Drawdowns
UXI vs. CMDT - Drawdown Comparison
The maximum UXI drawdown since its inception was -89.01%, which is greater than CMDT's maximum drawdown of -11.11%. Use the drawdown chart below to compare losses from any high point for UXI and CMDT.
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Drawdown Indicators
| UXI | CMDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.01% | -11.11% | -77.90% |
Max Drawdown (1Y)Largest decline over 1 year | -23.59% | -11.11% | -12.48% |
Max Drawdown (3Y)Largest decline over 3 years | -36.42% | -11.11% | -25.31% |
Max Drawdown (5Y)Largest decline over 5 years | -48.25% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -66.48% | — | — |
Current DrawdownCurrent decline from peak | -3.58% | -11.11% | +7.53% |
Average DrawdownAverage peak-to-trough decline | -22.56% | -2.77% | -19.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.68% | 2.25% | +4.43% |
Volatility
UXI vs. CMDT - Volatility Comparison
ProShares Ultra Industrials (UXI) has a higher volatility of 12.23% compared to PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) at 3.26%. This indicates that UXI's price experiences larger fluctuations and is considered to be riskier than CMDT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UXI | CMDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.23% | 3.26% | +8.97% |
Volatility (6M)Calculated over the trailing 6-month period | 27.22% | 10.60% | +16.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.61% | 12.65% | +19.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.13% | 12.24% | +23.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.50% | 12.24% | +27.26% |
UXI vs. CMDT - Expense Ratio Comparison
UXI has a 0.95% expense ratio, which is higher than CMDT's 0.65% expense ratio.
Dividends
UXI vs. CMDT - Dividend Comparison
UXI's dividend yield for the trailing twelve months is around 0.64%, less than CMDT's 2.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 2.67% | 3.04% | 8.80% | 2.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UXI ProShares Ultra Industrials | 0.64% | 0.90% | 0.18% | 0.21% | 0.24% | 0.03% | 0.29% | 0.58% | 0.37% | 0.24% | 0.38% | 0.41% |
Frequently Asked Questions
UXI and CMDT have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UXI has higher volatility (12.23%) compared to CMDT (3.26%). In terms of maximum drawdown, UXI dropped -89.01% vs CMDT's -11.11%.
On 3-year performance, UXI leads with 35.06% vs 12.77% for CMDT. On fees, CMDT is cheaper at 0.65% per year. On volatility, CMDT has been the lower-risk option at 3.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, UXI has performed better with a 35.06% return vs 12.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CMDT is cheaper with a 0.65% expense ratio, compared with 0.95% for UXI.
CMDT has the higher dividend yield at 2.67%, compared with 0.64% for UXI.
UXI is categorized as Leveraged Equities, while CMDT is Commodities. UXI tracks Dow Jones U.S. Industrials Index (200%), while CMDT tracks Bloomberg Roll Select Commodity Total Return Index. They also come from different issuers: ProShares and PIMCO. Their fees differ too: 0.95% for UXI and 0.65% for CMDT.
CMDT currently has the higher Sharpe Ratio (1.71 vs 1.39), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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