ZECP vs. CMDT
ZECP (Zacks Earnings Consistent Portfolio ETF) and CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) are both exchange-traded funds - ZECP is a Large Cap Blend Equities fund actively managed by Zacks, while CMDT is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. ZECP is actively managed, while CMDT is passively managed. Over the past 3 years, ZECP returned 15.60%/yr vs 12.77%/yr for CMDT. At a 0.02 correlation, their price movements are largely independent. ZECP charges 0.55%/yr vs 0.65%/yr for CMDT.
Performance
ZECP vs. CMDT - Performance Comparison
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Returns By Period
In the year-to-date period, ZECP achieves a 6.65% return, which is significantly lower than CMDT's 13.43% return.
ZECP
- 1D
- -0.12%
- 1M
- 0.05%
- YTD
- 6.65%
- 6M
- 5.71%
- 1Y
- 19.89%
- 3Y*
- 15.60%
- 5Y*
- —
- 10Y*
- —
CMDT
- 1D
- -1.14%
- 1M
- -8.86%
- YTD
- 13.43%
- 6M
- 13.42%
- 1Y
- 21.34%
- 3Y*
- 12.77%
- 5Y*
- —
- 10Y*
- —
ZECP vs. CMDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ZECP Zacks Earnings Consistent Portfolio ETF | 6.65% | 15.03% | 17.32% | 10.38% |
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 13.43% | 12.78% | 6.93% | 5.37% |
Correlation
The correlation between ZECP and CMDT is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since May 10, 2023 | 0.02 |
The correlation between ZECP and CMDT shifts across timeframes, from -0.10 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZECP vs. CMDT — Risk / Return Rank
ZECP
CMDT
ZECP vs. CMDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Zacks Earnings Consistent Portfolio ETF (ZECP) 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.
| ZECP | CMDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.29 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | 1.93 | +0.47 |
| Martin ratioReturn relative to average drawdown | 10.91 | 9.62 | +1.29 |
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Drawdowns
ZECP vs. CMDT - Drawdown Comparison
The maximum ZECP drawdown since its inception was -21.86%, which is greater than CMDT's maximum drawdown of -11.11%. Use the drawdown chart below to compare losses from any high point for ZECP and CMDT.
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Drawdown Indicators
| ZECP | CMDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.86% | -11.11% | -10.75% |
Max Drawdown (1Y)Largest decline over 1 year | -8.32% | -11.11% | +2.79% |
Max Drawdown (3Y)Largest decline over 3 years | -15.47% | -11.11% | -4.36% |
Current DrawdownCurrent decline from peak | -1.40% | -11.11% | +9.71% |
Average DrawdownAverage peak-to-trough decline | -5.45% | -2.77% | -2.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 2.25% | -0.42% |
Volatility
ZECP vs. CMDT - Volatility Comparison
Zacks Earnings Consistent Portfolio ETF (ZECP) and PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) have volatilities of 3.24% and 3.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZECP | CMDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.24% | 3.26% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 8.44% | 10.60% | -2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.79% | 12.65% | -1.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.63% | 12.24% | +2.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.63% | 12.24% | +2.39% |
ZECP vs. CMDT - Expense Ratio Comparison
ZECP has a 0.55% expense ratio, which is lower than CMDT's 0.65% expense ratio.
Dividends
ZECP vs. CMDT - Dividend Comparison
ZECP's dividend yield for the trailing twelve months is around 0.74%, less than CMDT's 2.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 2.67% | 3.04% | 8.80% | 2.71% | 0.00% | 0.00% |
ZECP Zacks Earnings Consistent Portfolio ETF | 0.74% | 0.79% | 0.63% | 0.73% | 0.91% | 0.11% |
Frequently Asked Questions
ZECP and CMDT have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMDT has higher volatility (3.26%) compared to ZECP (3.24%). In terms of maximum drawdown, ZECP dropped -21.86% vs CMDT's -11.11%.
On 3-year performance, ZECP leads with 15.60% vs 12.77% for CMDT. On fees, ZECP is cheaper at 0.55% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ZECP has performed better with a 15.60% return vs 12.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ZECP is cheaper with a 0.55% expense ratio, compared with 0.65% for CMDT.
CMDT has the higher dividend yield at 2.67%, compared with 0.74% for ZECP.
ZECP is categorized as Large Cap Blend Equities, while CMDT is Commodities. They also come from different issuers: Zacks and PIMCO. Their fees differ too: 0.55% for ZECP and 0.65% for CMDT.
ZECP currently has the higher Sharpe Ratio (1.86 vs 1.71), 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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