CMDT vs DJP
PIMCO Commodity Strategy Active Exchange-Traded Fund vs iPath Bloomberg Commodity Index Total Return ETN
Which is better, CMDT or DJP?
DJP has been ahead.
CMDT has a lower expense ratio. DJP led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.92.
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 | DJP |
|---|---|---|
| Expense Ratio | 0.65%Best | 0.70% |
| AUM | $845M | $1.0B |
| Dividend Yield | 1.79% | 0.00% |
| Holdings | 409 | - |
| YTD Return | +31.00% | +39.39%Best |
| 1Y Return | +33.00% | +47.33%Best |
| 3Y Return (annualized) | +14.94% | +17.65%Best |
| 5Y Return (annualized) | - | +11.49% |
| Volatility (annualized) | 11.5%Best | 15.5% |
| Max Drawdown | -13.2%Best | -16.4% |
| $10,000 over 3.4 years | $16,544 | $16,980Best |
| Fund Family | PIMCO (US) | Barclays |
| Category | Commodity | Commodity |
| Style | Commodities | Commodities |
| Inception | May 9, 2023 | Jun 6, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.4 years row, are measured over the window both funds cover: May 10, 2023 to Oct 14, 2026 (3.4 years).
CMDT vs DJP 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 3.4 years both funds cover.
CMDT vs DJP Performance
PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) is an ETF from PIMCO (US) and iPath Bloomberg Commodity Index Total Return ETN (DJP) is an ETF from Barclays. Over the past year CMDT returned +33.00% while DJP returned +47.33%. Year to date, CMDT is up 31.00% versus a gain of 39.39% for DJP.
Over three years, CMDT compounded at +14.94% per year against +17.65% for DJP.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DJP has been the more volatile fund, with annualized monthly volatility of 15.5% compared with 11.5% 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 -16.4% for DJP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CMDT charges 0.65% per year while DJP charges 0.70%. On a $10,000 position that is $65 vs $70 annually, a gap of $5 per year that compounds over a long holding period. On income, CMDT currently yields 1.79% against 0.00% for DJP.
You are not choosing between two funds in isolation.
Whichever of CMDT and DJP 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 DJP?
CMDT has an expense ratio of 0.65% while DJP charges 0.70%. CMDT is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, CMDT or DJP?
Over the past year CMDT returned +33.00% vs +47.33% for DJP, so DJP leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CMDT or DJP?
DJP has been the more volatile fund at 15.5% annualized versus 11.5% for CMDT. Worst drawdown: CMDT -13.2% vs DJP -16.4%.
Should I hold both CMDT and DJP?
CMDT and DJP have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, CMDT or DJP?
CMDT yields 1.79% while DJP yields 0.00%, so CMDT currently pays the higher dividend yield.
Is DJP better than CMDT?
CMDT has a lower expense ratio. DJP led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.92. Which one suits a particular account depends on what it is for. This is information, not a recommendation.