CMCI vs QQQ
VanEck CMCI Commodity Strategy ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | CMCI | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.67% | 0.18% | |
| AUM | $3M | $496.3B | |
| Dividend Yield | 8.12% | 0.44% | |
| Holdings | 17 | 108 | |
| YTD Return | +29.44% | +16.64% | |
| 1Y Return | +22.95% | +27.27% | |
| 3Y Return (annualized) | +9.24% | +25.96% | |
| 5Y Return (annualized) | +9.24% | +14.54% | |
| Volatility (annualized) | 13752483.6% | 30.6% | |
| Max Drawdown | -100.0% | -83.0% | |
| Fund Family | VanEck | Invesco (US) | |
| Category | Commodity | Equity | |
| Inception | Aug 21, 2023 | Mar 10, 1999 |
CMCI vs QQQ Performance
VanEck CMCI Commodity Strategy ETF (CMCI) is a ETF from VanEck and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year CMCI returned +22.95% while QQQ returned +27.27%. Year to date, CMCI is up 29.44% versus a gain of 16.64% for QQQ.
Over three years, CMCI compounded at +9.24% per year against +25.96% for QQQ; over five years the annualized figures are +9.24% and +14.54% respectively. Across the full 15-year window we track, CMCI has the edge at +29.79% annualized vs +13.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CMCI has been the more volatile fund, with annualized monthly volatility of 13752483.6% compared with 30.6% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -100.0% for CMCI and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.06. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CMCI charges 0.67% per year while QQQ charges 0.18%. On a $10,000 position that is $67 vs $18 annually, a gap of $49 per year that compounds over a long holding period. On income, CMCI currently yields 8.12% against 0.44% for QQQ.
Holdings Overlap
CMCI and QQQ share 0 holdings out of 105 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CMCI or QQQ?
CMCI has an expense ratio of 0.67% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $49 per year of difference.
Which performed better, CMCI or QQQ?
Over the past year CMCI returned +22.95% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (15 years), CMCI annualized +29.79% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, CMCI or QQQ?
CMCI has been the more volatile fund at 13752483.6% annualized versus 30.6% for QQQ. Worst drawdown: CMCI -100.0% vs QQQ -83.0%.
Should I hold both CMCI and QQQ?
CMCI and QQQ have a monthly-return correlation of -0.06, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CMCI and QQQ?
CMCI and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 105 unique securities.
Which pays a higher dividend, CMCI or QQQ?
CMCI yields 8.12% while QQQ yields 0.44%, so CMCI currently pays the higher dividend yield.
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