CMDT vs IVV
PIMCO Commodity Strategy Active Exchange-Traded Fund vs iShares Core S&P 500 ETF
Which is better, CMDT or IVV?
Commodities against Large Cap Blend.
IVV has a lower expense ratio. CMDT led over 1Y, IVV over 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CMDT | IVV |
|---|---|---|
| Expense Ratio | 0.65% | 0.03%Best |
| AUM | $858M | $886.7B |
| Dividend Yield | 1.91% | 1.10% |
| Holdings | 352 | 508 |
| YTD Return | +28.68%Best | +13.39% |
| 1Y Return | +34.22%Best | +20.08% |
| 3Y Return (annualized) | +13.84% | +21.29%Best |
| 5Y Return (annualized) | - | +12.88% |
| Volatility (annualized) | 11.6%Best | 12.8% |
| Max Drawdown | -13.2%Best | -18.8% |
| $10,000 over 3.3 years | $16,273 | $19,416Best |
| Fund Family | PIMCO (US) | iShares by BlackRock (US) |
| Category | Commodity | Equity |
| Style | Commodities | Large Cap Blend |
| Inception | May 9, 2023 | May 15, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.3 years row, are measured over the window both funds cover: May 10, 2023 to Sep 4, 2026 (3.3 years).
CMDT vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.3 years both funds cover.
CMDT vs IVV Performance
PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) is an ETF from PIMCO (US) and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year CMDT returned +34.22% while IVV returned +20.08%. Year to date, CMDT is up 28.68% versus a gain of 13.39% for IVV.
Over three years, CMDT compounded at +13.84% per year against +21.29% for IVV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 12.8% compared with 11.6% for CMDT. 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 -13.2% for CMDT and -18.8% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.05. They move largely independently of each other.
Fees and Cost Over Time
CMDT charges 0.65% per year while IVV charges 0.03%. On a $10,000 position that is $65 vs $3 annually, a gap of $62 per year that compounds over a long holding period. On income, CMDT currently yields 1.91% against 1.10% for IVV.
Holdings Overlap
We hold position weights for 149 holdings in CMDT and 505 in IVV, totalling 49.3% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 149 positions we hold weights for in CMDT and 505 in IVV, against full books of 352 and 508.
You are not choosing between two funds in isolation.
Whichever of CMDT and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CMDT or IVV?
CMDT has an expense ratio of 0.65% while IVV charges 0.03%. IVV is the cheaper option, by $62 a year on a $10,000 investment.
Which performed better, CMDT or IVV?
Over the past year CMDT returned +34.22% vs +20.08% for IVV, so CMDT leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CMDT or IVV?
IVV has been the more volatile fund at 12.8% annualized versus 11.6% for CMDT. Worst drawdown: CMDT -13.2% vs IVV -18.8%.
Should I hold both CMDT and IVV?
CMDT and IVV have a monthly-return correlation of 0.05, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, CMDT or IVV?
CMDT yields 1.91% while IVV yields 1.10%, so CMDT currently pays the higher dividend yield.
Is IVV better than CMDT?
IVV has a lower expense ratio. CMDT led over 1Y, IVV over 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.