CMDT vs QQQ
PIMCO Commodity Strategy Active Exchange-Traded Fund vs Invesco QQQ Trust, Series 1
Which is better, CMDT or QQQ?
Commodities against Large Cap Growth.
QQQ has a lower expense ratio. CMDT led over 1Y, QQQ 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 | QQQ |
|---|---|---|
| Expense Ratio | 0.65% | 0.18%Best |
| AUM | $858M | $486.1B |
| Dividend Yield | 1.91% | 0.44% |
| Holdings | 352 | 107 |
| YTD Return | +28.68%Best | +17.54% |
| 1Y Return | +34.22%Best | +25.59% |
| 3Y Return (annualized) | +13.84% | +24.63%Best |
| 5Y Return (annualized) | - | +14.18% |
| Volatility (annualized) | 11.6%Best | 17.1% |
| Max Drawdown | -13.2%Best | -22.8% |
| $10,000 over 3.3 years | $16,273 | $22,415Best |
| Fund Family | PIMCO (US) | Invesco (US) |
| Category | Commodity | Equity |
| Style | Commodities | Large Cap Growth |
| Inception | May 9, 2023 | Mar 10, 1999 |
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 QQQ 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 QQQ Performance
PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) is an ETF from PIMCO (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year CMDT returned +34.22% while QQQ returned +25.59%. Year to date, CMDT is up 28.68% versus a gain of 17.54% for QQQ.
Over three years, CMDT compounded at +13.84% per year against +24.63% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.1% 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 -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.03. They move largely independently of each other.
Fees and Cost Over Time
CMDT charges 0.65% per year while QQQ charges 0.18%. On a $10,000 position that is $65 vs $18 annually, a gap of $47 per year that compounds over a long holding period. On income, CMDT currently yields 1.91% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 149 holdings in CMDT and 102 in QQQ, totalling 49.3% and 99.9% 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 102 in QQQ, against full books of 352 and 107.
You are not choosing between two funds in isolation.
Whichever of CMDT and QQQ 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 QQQ?
CMDT has an expense ratio of 0.65% while QQQ charges 0.18%. QQQ is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, CMDT or QQQ?
Over the past year CMDT returned +34.22% vs +25.59% for QQQ, 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 QQQ?
QQQ has been the more volatile fund at 17.1% annualized versus 11.6% for CMDT. Worst drawdown: CMDT -13.2% vs QQQ -22.8%.
Should I hold both CMDT and QQQ?
CMDT and QQQ have a monthly-return correlation of -0.03, 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 QQQ?
CMDT yields 1.91% while QQQ yields 0.44%, so CMDT currently pays the higher dividend yield.
Is QQQ better than CMDT?
QQQ has a lower expense ratio. CMDT led over 1Y, QQQ over 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.