CMDT vs SCHD
PIMCO Commodity Strategy Active Exchange-Traded Fund vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. CMDT delivered stronger 1-year returns. CMDT offers more diversification with 352 holdings.
Side-by-Side Comparison
| Metric | CMDT | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.06% | |
| AUM | $826M | $108.7B | |
| Dividend Yield | 1.91% | 3.13% | |
| Holdings | 352 | 104 | |
| YTD Return | +22.53% | +26.54% | |
| 1Y Return | +31.53% | +30.90% | |
| 3Y Return (annualized) | +13.49% | +16.29% | |
| 5Y Return (annualized) | - | +9.65% | |
| Volatility (annualized) | 11.3% | 13.6% | |
| Max Drawdown | -13.2% | -33.4% | |
| Fund Family | PIMCO (US) | Charles Schwab Asset Management | |
| Category | Commodity | Equity | |
| Inception | May 9, 2023 | Oct 20, 2011 |
CMDT vs SCHD Performance
PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) is a ETF from PIMCO (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year CMDT returned +31.53% while SCHD returned +30.90%. Year to date, CMDT is up 22.53% versus a gain of 26.54% for SCHD.
Over three years, CMDT compounded at +13.49% per year against +16.29% for SCHD. Across the full 3-year window we track, CMDT has the edge at +14.47% annualized vs +11.51%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 11.3% 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 -33.4% for SCHD. 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 0.26. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CMDT charges 0.65% per year while SCHD charges 0.06%. On a $10,000 position that is $65 vs $6 annually, a gap of $59 per year that compounds over a long holding period. On income, CMDT currently yields 1.91% against 3.13% for SCHD.
Holdings Overlap
CMDT and SCHD share 0 holdings out of 249 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, CMDT or SCHD?
CMDT has an expense ratio of 0.65% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $59 per year of difference.
Which performed better, CMDT or SCHD?
Over the past year CMDT returned +31.53% vs +30.90% for SCHD, so CMDT leads on 1-year performance. Over the longest common window we track (3 years), CMDT annualized +14.47% vs +11.51% for SCHD. Past performance does not guarantee future results.
Which is riskier, CMDT or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 11.3% for CMDT. Worst drawdown: CMDT -13.2% vs SCHD -33.4%.
Should I hold both CMDT and SCHD?
CMDT and SCHD have a monthly-return correlation of 0.26, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CMDT and SCHD?
CMDT and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 249 unique securities.
Which pays a higher dividend, CMDT or SCHD?
CMDT yields 1.91% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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