XTRE vs. CMCI

Last updated Jul 12, 2026

XTRE (BondBloxx Bloomberg Three Year Target Duration US Treasury ETF) and CMCI (VanEck CMCI Commodity Strategy ETF) are both exchange-traded funds - XTRE is a Government Bonds fund tracking the Bloomberg US Treasury 3 Year Target Duration Index, while CMCI is a Commodities fund tracking the UBS Bloomberg CMCI Composite Total Return Index. Both are passively managed. Over the past year, XTRE returned 2.78% vs 22.66% for CMCI. At a correlation of -0.15, they often move in opposite directions. XTRE charges 0.05%/yr vs 0.65%/yr for CMCI.

Performance

XTRE vs. CMCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (XTRE) and VanEck CMCI Commodity Strategy ETF (CMCI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XTRE achieves a 0.06% return, which is significantly lower than CMCI's 17.94% return.

XTRE

• 1D: -0.05%
• 1M: -0.00%
• 6M: 0.10%
• YTD: 0.06%
• 1Y: 2.78%
• 3Y*: 4.23%
• 5Y*: —
• 10Y*: —

CMCI

• 1D: -0.28%
• 1M: -0.46%
• 6M: 15.79%
• YTD: 17.94%
• 1Y: 22.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XTRE vs. CMCI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XTRE BondBloxx Bloomberg Three Year Target Duration US Treasury ETF	0.06%	6.05%	3.05%	3.69%
CMCI VanEck CMCI Commodity Strategy ETF	17.94%	7.90%	5.68%	-2.74%

Correlation

The correlation between XTRE and CMCI is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.22
Correlation (All Time) Calculated using the full available price history since Aug 23, 2023	-0.15

Return for Risk

XTRE vs. CMCI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XTRE

XTRE Risk / Return Rank: 43
XTRE Sharpe Ratio Rank: 44
XTRE Sortino Ratio Rank: 47
XTRE Omega Ratio Rank: 42
XTRE Calmar Ratio Rank: 43
XTRE Martin Ratio Rank: 36

CMCI

CMCI Risk / Return Rank: 66
CMCI Sharpe Ratio Rank: 74
CMCI Sortino Ratio Rank: 74
CMCI Omega Ratio Rank: 72
CMCI Calmar Ratio Rank: 55
CMCI Martin Ratio Rank: 58

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XTRE vs. CMCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (XTRE) and VanEck CMCI Commodity Strategy ETF (CMCI). 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.

	XTRE	CMCI	Difference
Sharpe ratio: Return per unit of total volatility	1.25	1.89	-0.65
Sortino ratio: Return per unit of downside risk	1.91	2.64	-0.73
Omega ratio: Gain probability vs. loss probability	1.22	1.34	-0.11
Calmar ratio: Return relative to maximum drawdown	1.76	2.17	-0.42
Martin ratio: Return relative to average drawdown	4.42	8.00	-3.57

XTRE vs. CMCI - Sharpe Ratio Comparison

The current XTRE Sharpe Ratio is 1.25, which is lower than the CMCI Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of XTRE and CMCI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XTRE vs. CMCI - Drawdown Comparison

The maximum XTRE drawdown since its inception was -2.89%, smaller than the maximum CMCI drawdown of -11.54%. Use the drawdown chart below to compare losses from any high point for XTRE and CMCI.

Drawdown Indicators

	XTRE	CMCI	Difference
Max Drawdown Largest peak-to-trough decline	-2.89%	-11.54%	+8.65%
Max Drawdown (1Y) Largest decline over 1 year	-1.53%	-10.77%	+9.24%
Max Drawdown (3Y) Largest decline over 3 years	-2.00%	—	—
Current Drawdown Current decline from peak	-1.01%	-7.11%	+6.10%
Average Drawdown Average peak-to-trough decline	-0.83%	-3.68%	+2.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.61%	2.92%	-2.31%

Volatility

XTRE vs. CMCI - Volatility Comparison

The current volatility for BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (XTRE) is 0.74%, while VanEck CMCI Commodity Strategy ETF (CMCI) has a volatility of 3.61%. This indicates that XTRE experiences smaller price fluctuations and is considered to be less risky than CMCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XTRE	CMCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.74%	3.61%	-2.87%
Volatility (6M) Calculated over the trailing 6-month period	1.63%	10.37%	-8.74%
Volatility (1Y) Calculated over the trailing 1-year period	2.15%	12.36%	-10.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.30%	12.64%	-9.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.30%	12.64%	-9.34%

XTRE vs. CMCI - Expense Ratio Comparison

XTRE has a 0.05% expense ratio, which is lower than CMCI's 0.65% expense ratio.

Dividends

XTRE vs. CMCI - Dividend Comparison

XTRE's dividend yield for the trailing twelve months is around 4.00%, less than CMCI's 8.38% yield.

Position	TTM	2025	2024	2023	2022
CMCI VanEck CMCI Commodity Strategy ETF	8.38%	9.89%	3.93%	1.64%	0.00%
XTRE BondBloxx Bloomberg Three Year Target Duration US Treasury ETF	4.00%	3.85%	4.19%	3.97%	1.16%

Frequently Asked Questions

Can I hold both XTRE and CMCI in my portfolio?

XTRE and CMCI have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XTRE or CMCI?

CMCI has higher volatility (3.61%) compared to XTRE (0.74%). In terms of maximum drawdown, XTRE dropped -2.89% vs CMCI's -11.54%.

Which ETF is better, XTRE or CMCI?

On 1-year performance, CMCI leads with 22.66% vs 2.78% for XTRE. On fees, XTRE is cheaper at 0.05% per year. On volatility, XTRE has been the lower-risk option at 0.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XTRE or CMCI?

Over the 1-year period, CMCI has performed better with a 22.66% return vs 2.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XTRE or CMCI?

XTRE is cheaper with a 0.05% expense ratio, compared with 0.65% for CMCI.

Which ETF pays a higher dividend yield, XTRE or CMCI?

CMCI has the higher dividend yield at 8.38%, compared with 4.00% for XTRE.

What is the main difference between XTRE and CMCI?

XTRE is categorized as Government Bonds, while CMCI is Commodities. XTRE tracks Bloomberg US Treasury 3 Year Target Duration Index, while CMCI tracks UBS Bloomberg CMCI Composite Total Return Index. They also come from different issuers: BondBloxx and VanEck. Their fees differ too: 0.05% for XTRE and 0.65% for CMCI.

Which has better risk-adjusted returns?

CMCI currently has the higher Sharpe Ratio (1.89 vs 1.25), 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.