CMDY vs IVV
iShares Bloomberg Roll Select Commodity Strategy ETF vs iShares Core S&P 500 ETF
Which is better, CMDY or IVV?
Commodities against Large Cap Blend.
IVV has a lower expense ratio. CMDY led over 1Y, IVV over 3Y, 5Y 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 | CMDY | IVV |
|---|---|---|
| Expense Ratio | 0.28% | 0.03%Best |
| AUM | $666M | $886.7B |
| Dividend Yield | 10.67% | 1.10% |
| Holdings | 91 | 508 |
| YTD Return | +31.50%Best | +13.86% |
| 1Y Return | +40.73%Best | +21.57% |
| 3Y Return (annualized) | +14.92% | +21.48%Best |
| 5Y Return (annualized) | +11.11% | +12.88%Best |
| Volatility (annualized) | 13.9%Best | 16.5% |
| Max Drawdown | -31.2%Best | -33.9% |
| $10,000 over 5 years | $16,934 | $18,327Best |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Commodity | Equity |
| Style | Commodities | Large Cap Blend |
| Inception | Apr 3, 2018 | May 15, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Apr 5, 2018 to Sep 3, 2026 (8.4 years).
CMDY 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 8.4 years both funds cover.
CMDY vs IVV Performance
iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) is an ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year CMDY returned +40.73% while IVV returned +21.57%. Year to date, CMDY is up 31.50% versus a gain of 13.86% for IVV.
Over three years, CMDY compounded at +14.92% per year against +21.48% for IVV; over five years the annualized figures are +11.11% and +12.88% respectively. Across the full 8-year window we track, IVV has the edge at +14.55% annualized vs +8.53%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 16.5% compared with 13.9% for CMDY. 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 -31.2% for CMDY and -33.9% 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 0.35. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CMDY charges 0.28% per year while IVV charges 0.03%. On a $10,000 position that is $28 vs $3 annually, a gap of $25 per year that compounds over a long holding period. On income, CMDY currently yields 10.67% against 1.10% for IVV.
Holdings Overlap
At least 0.2% of IVV's money is in holdings CMDY also owns.
Stated as a floor: for CMDY, our book for it covers 5.8% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 1 positions we hold weights for in CMDY and 505 in IVV, against full books of 91 and 508.
Top Shared Holdings
| Stock | Weight in CMDY | Weight in IVV | Difference |
|---|---|---|---|
| XTSLABlackrock Cash Funds: Treasury, Sl Agency Shares | 5.78% | 0.18% | 5.60% |
You are not choosing between two funds in isolation.
Whichever of CMDY 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, CMDY or IVV?
CMDY has an expense ratio of 0.28% while IVV charges 0.03%. IVV is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, CMDY or IVV?
Over the past year CMDY returned +40.73% vs +21.57% for IVV, so CMDY leads on 1-year performance. Over the longest common window we track (8 years), CMDY annualized +8.53% vs +14.55% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CMDY or IVV?
IVV has been the more volatile fund at 16.5% annualized versus 13.9% for CMDY. Worst drawdown: CMDY -31.2% vs IVV -33.9%.
Should I hold both CMDY and IVV?
CMDY and IVV have a monthly-return correlation of 0.35, 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, CMDY or IVV?
CMDY yields 10.67% while IVV yields 1.10%, so CMDY currently pays the higher dividend yield.
Is IVV better than CMDY?
IVV has a lower expense ratio. CMDY led over 1Y, IVV over 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.