CMDY vs QQQ
iShares Bloomberg Roll Select Commodity Strategy ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. CMDY delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | CMDY | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.28% | 0.18% | |
| AUM | $627M | $496.3B | |
| Dividend Yield | 10.67% | 0.44% | |
| Holdings | 83 | 108 | |
| YTD Return | +24.11% | +19.68% | |
| 1Y Return | +37.35% | +26.75% | |
| 3Y Return (annualized) | +13.82% | +26.25% | |
| 5Y Return (annualized) | +10.34% | +15.39% | |
| Volatility (annualized) | 13.8% | 30.6% | |
| Max Drawdown | -31.2% | -83.0% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Commodity | Equity | |
| Inception | Apr 3, 2018 | Mar 10, 1999 |
CMDY vs QQQ Performance
iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) is a ETF from iShares by BlackRock (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year CMDY returned +37.35% while QQQ returned +26.75%. Year to date, CMDY is up 24.11% versus a gain of 19.68% for QQQ.
Over three years, CMDY compounded at +13.82% per year against +26.25% for QQQ; over five years the annualized figures are +10.34% and +15.39% respectively. Across the full 8-year window we track, QQQ has the edge at +13.15% annualized vs +7.84%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 13.8% 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 -83.0% for QQQ. 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 0.20. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CMDY charges 0.28% per year while QQQ charges 0.18%. On a $10,000 position that is $28 vs $18 annually, a gap of $10 per year that compounds over a long holding period. On income, CMDY currently yields 10.67% against 0.44% for QQQ.
Holdings Overlap
CMDY and QQQ share 0 holdings out of 103 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, CMDY or QQQ?
CMDY has an expense ratio of 0.28% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $10 per year of difference.
Which performed better, CMDY or QQQ?
Over the past year CMDY returned +37.35% vs +26.75% for QQQ, so CMDY leads on 1-year performance. Over the longest common window we track (8 years), CMDY annualized +7.84% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, CMDY or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 13.8% for CMDY. Worst drawdown: CMDY -31.2% vs QQQ -83.0%.
Should I hold both CMDY and QQQ?
CMDY and QQQ have a monthly-return correlation of 0.20, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CMDY and QQQ?
CMDY and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, CMDY or QQQ?
CMDY yields 10.67% while QQQ yields 0.44%, so CMDY currently pays the higher dividend yield.
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