CMCI vs VOO
VanEck CMCI Commodity Strategy ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | CMCI | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.67% | 0.03% | |
| AUM | $3M | $979.0B | |
| Dividend Yield | 8.63% | 1.09% | |
| Holdings | 19 | 509 | |
| YTD Return | +25.86% | +13.72% | |
| 1Y Return | +20.29% | +21.63% | |
| 3Y Return (annualized) | +8.29% | +21.55% | |
| 5Y Return (annualized) | +8.29% | +13.26% | |
| Volatility (annualized) | 13752483.6% | 14.1% | |
| Max Drawdown | -100.0% | -34.3% | |
| Fund Family | VanEck | Vanguard (US) | |
| Category | Commodity | Equity | |
| Inception | Aug 21, 2023 | Sep 7, 2010 |
CMCI vs VOO Performance
VanEck CMCI Commodity Strategy ETF (CMCI) is a ETF from VanEck and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year CMCI returned +20.29% while VOO returned +21.63%. Year to date, CMCI is up 25.86% versus a gain of 13.72% for VOO.
Over three years, CMCI compounded at +8.29% per year against +21.55% for VOO; over five years the annualized figures are +8.29% and +13.26% respectively. Across the full 15-year window we track, CMCI has the edge at +29.61% annualized vs +13.56%. 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 14.1% for VOO. 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 -34.3% for VOO. 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 VOO charges 0.03%. On a $10,000 position that is $67 vs $3 annually, a gap of $64 per year that compounds over a long holding period. On income, CMCI currently yields 8.63% against 1.09% for VOO.
Holdings Overlap
CMCI and VOO share 0 holdings out of 508 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 VOO?
CMCI has an expense ratio of 0.67% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $64 per year of difference.
Which performed better, CMCI or VOO?
Over the past year CMCI returned +20.29% vs +21.63% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (15 years), CMCI annualized +29.61% vs +13.56% for VOO. Past performance does not guarantee future results.
Which is riskier, CMCI or VOO?
CMCI has been the more volatile fund at 13752483.6% annualized versus 14.1% for VOO. Worst drawdown: CMCI -100.0% vs VOO -34.3%.
Should I hold both CMCI and VOO?
CMCI and VOO 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 VOO?
CMCI and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, CMCI or VOO?
CMCI yields 8.63% while VOO yields 1.09%, so CMCI currently pays the higher dividend yield.
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