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ETFs

PIMCO Commodity Strategy Active Exchange-Traded Fund

CMDT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 8, 2023
Expense Ratio
0.64%
Type
Global Commodities & Metals
Fund Owner
PIMCO
Volume (1m avg. daily)
$1,202,437
AUM
$206,925,626
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
GLOBAL PMTS INC
1.49%
MS5114818
MORGAN STANLEY SR UNSECURED 01/24 VAR
1.45%
BA24D
Boeing Co. - 1.433% NT REDEEM 04/02/2024 USD 2000
1.06%
BTI24A
Bat Capital Corp - 3.222% NT REDEEM 15/08/2024 USD 2000
1.02%
n/a
MEDTRONIC GLOBAL HLDGS
1.01%
n/a
ENTERGY CORPORATION
1.01%
n/a
CROWN CASTLE
1.01%
n/a
L3HARRIS TECHNOLOGIES INC 10/23 ZCP
1.01%
n/a
GEN DYNAMICS CORP
1.01%
n/a
LSEGA FING PLC DISC COML PAPER 09/23 ZCP
1.01%
Invest with CMDT

What is CMDT?

The Fund seeks total return which exceeds that of its benchmark, consistent with prudent investment management. The Fund seeks to achieve its investment objective by investing, under normal circumstances, in commodity-linked derivative instruments backed by an actively managed. The Fund invests in commodity-linked derivative instruments, including swap agreements, futures, options on futures, commodity index-linked notes and commodity options that provide exposure to the investment returns of the commodities futures markets.

ETFs related toCMDT

ETFs correlated to CMDT include DBC, GSG, PDBC

CMDT
Pimco Exchange Traded Fund - PIMCO Commodity Strategy Active Exchange-Traded Fund
DBC
DB Commodity Services LLC - Invesco DB Commodity Index Tracking Fund
GSG
BlackRock Institutional Trust Company N.A. - iShares S&P GSCI Commodity-Indexed Trust
PDBC
Invesco Capital Management LLC - Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
COMT
BlackRock Institutional Trust Company N.A. - iShares GSCI Commodity Dynamic Roll Strategy ETF
USCI
United States Commodity Funds LLC - United States Commodity Index Fund
DJP
Barclays Bank PLC - iPath Bloomberg Commodity Total Return ETN
BCI
abrdn ETF - abrdn Bloomberg All Commodity Strategy K-1 Free ETF
FTGC
First Trust Exchange-Traded Fund III - First Trust Global Tactical Commodity Strategy Fund
BNO
United States Commodity Funds LLC - United States Brent Crude Oil Fund
UCO
ProShares Trust - ProShares Ultra Bloomberg Crude Oil 2x Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toCMDT

#SPIRAL

Stoic Finance Presents: Inflation Spiral Hedge

Category

Community

Risk Rating

Aggressive

#DB

Diversification at its Best

Category

Tactical Asset Allocation, Be Risk Aware, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with CMDT using Composer

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FAQ

CMDT is a Global Commodities & Metals ETF. The Fund seeks total return which exceeds that of its benchmark, consistent with prudent investment management. The Fund seeks to achieve its investment objective by investing, under normal circumstances, in commodity-linked derivative instruments backed by an actively managed. The Fund invests in commodity-linked derivative instruments, including swap agreements, futures, options on futures, commodity index-linked notes and commodity options that provide exposure to the investment returns of the commodities futures markets.

Yes, CMDT is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, CMDT is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on CMDT is 0.0331%. This is the percent change in the value of CMDT over the most recent 1-month period. The 3-month return on CMDT is 0.099%. This is the percent change in the value of CMDT over the most recent 3-month period.

ETFs similar to CMDT include BCD, CMDY, and COMB.

ETFs correlated to CMDT include DBC, GSG, and PDBC.

ETFs that are inversely correlated to CMDT include SCO, DRIP, and NRGD.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.