VALQ vs. CMDT
VALQ (American Century STOXX U.S. Quality Value ETF) and CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) are both exchange-traded funds - VALQ is a Large Cap Value Equities fund tracking the iSTOXX American Century USA Quality Value Index, while CMDT is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. Both are passively managed. Over the past 3 years, VALQ returned 14.29%/yr vs 12.77%/yr for CMDT. At a 0.07 correlation, their price movements are largely independent. VALQ charges 0.29%/yr vs 0.65%/yr for CMDT.
Performance
VALQ vs. CMDT - Performance Comparison
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Returns By Period
In the year-to-date period, VALQ achieves a 4.29% return, which is significantly lower than CMDT's 13.43% return.
VALQ
- 1D
- -0.49%
- 1M
- -0.37%
- YTD
- 4.29%
- 6M
- 3.54%
- 1Y
- 14.31%
- 3Y*
- 14.29%
- 5Y*
- 8.88%
- 10Y*
- —
CMDT
- 1D
- -1.14%
- 1M
- -8.86%
- YTD
- 13.43%
- 6M
- 13.42%
- 1Y
- 21.34%
- 3Y*
- 12.77%
- 5Y*
- —
- 10Y*
- —
VALQ vs. CMDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VALQ American Century STOXX U.S. Quality Value ETF | 4.29% | 10.58% | 16.71% | 14.14% |
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 13.43% | 12.78% | 6.93% | 5.37% |
Correlation
The correlation between VALQ and CMDT is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since May 10, 2023 | 0.07 |
The correlation between VALQ and CMDT shifts across timeframes, from -0.05 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VALQ vs. CMDT — Risk / Return Rank
VALQ
CMDT
VALQ vs. CMDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century STOXX U.S. Quality Value ETF (VALQ) 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.
| VALQ | CMDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.29 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 1.93 | -0.10 |
| Martin ratioReturn relative to average drawdown | 5.18 | 9.62 | -4.44 |
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Drawdowns
VALQ vs. CMDT - Drawdown Comparison
The maximum VALQ drawdown since its inception was -38.19%, which is greater than CMDT's maximum drawdown of -11.11%. Use the drawdown chart below to compare losses from any high point for VALQ and CMDT.
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Drawdown Indicators
| VALQ | CMDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.19% | -11.11% | -27.08% |
Max Drawdown (1Y)Largest decline over 1 year | -7.85% | -11.11% | +3.26% |
Max Drawdown (3Y)Largest decline over 3 years | -15.62% | -11.11% | -4.51% |
Max Drawdown (5Y)Largest decline over 5 years | -20.19% | — | — |
Current DrawdownCurrent decline from peak | -2.05% | -11.11% | +9.06% |
Average DrawdownAverage peak-to-trough decline | -4.92% | -2.77% | -2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 2.25% | +0.52% |
Volatility
VALQ vs. CMDT - Volatility Comparison
American Century STOXX U.S. Quality Value ETF (VALQ) has a higher volatility of 3.59% compared to PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) at 3.26%. This indicates that VALQ'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
| VALQ | CMDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.59% | 3.26% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 8.30% | 10.60% | -2.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.26% | 12.65% | -1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.50% | 12.24% | +2.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.63% | 12.24% | +5.39% |
VALQ vs. CMDT - Expense Ratio Comparison
VALQ has a 0.29% expense ratio, which is lower than CMDT's 0.65% expense ratio.
Dividends
VALQ vs. CMDT - Dividend Comparison
VALQ's dividend yield for the trailing twelve months is around 2.35%, less than CMDT's 2.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
VALQ American Century STOXX U.S. Quality Value ETF | 2.35% | 1.88% | 1.58% | 1.76% | 2.71% | 1.58% | 2.08% | 2.31% | 2.35% |
Frequently Asked Questions
VALQ and CMDT have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VALQ has higher volatility (3.59%) compared to CMDT (3.26%). In terms of maximum drawdown, VALQ dropped -38.19% vs CMDT's -11.11%.
On 3-year performance, VALQ leads with 14.29% vs 12.77% for CMDT. On fees, VALQ is cheaper at 0.29% 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, VALQ has performed better with a 14.29% return vs 12.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VALQ is cheaper with a 0.29% expense ratio, compared with 0.65% for CMDT.
CMDT has the higher dividend yield at 2.67%, compared with 2.35% for VALQ.
VALQ is categorized as Large Cap Value Equities, while CMDT is Commodities. VALQ tracks iSTOXX American Century USA Quality Value Index, while CMDT tracks Bloomberg Roll Select Commodity Total Return Index. They also come from different issuers: American Century and PIMCO. Their fees differ too: 0.29% for VALQ and 0.65% for CMDT.
CMDT currently has the higher Sharpe Ratio (1.71 vs 1.28), 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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