iShares Bloomberg Roll Select Broad Commodity… (CMDY) Performance
CMDY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +31.8% since Dec 31, 2025
- 1 year
- +34.6% total return
- 5 years
- +9.9% a year
- Since first price
- +8.4% a year since 2018
CMDY trailing returns vs SPY, QQQ, AGG
| Period | CMDY total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.0% | −1.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +6.9% | +6.9% | +3.2% | +1.9% | −0.4% |
| 6 months | +6.2% | +6.2% | +7.8% | +8.4% | −1.5% |
| YTD | +31.8% | +31.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +34.6% | +19.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +53.8%+15.4%/yr | +24.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +60.5%+9.9%/yr | +7.2% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionApr 5, 2018 | +99.3%+8.4%/yr | +27.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: CMDY vs SPY
From Apr 5, 2018: CMDY grew to $19,929, SPY to $32,539.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
CMDY returns by calendar year
6 of 7 full years positive. Best 2021 (+26.4%), worst 2023 (−9.3%). 2026 is year to date.
CMDY annual returns table
| Year | CMDY | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +31.8% | −14.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +15.8% | −9.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +5.4% | −10.1% | +24.9% | +25.6% | +1.3% |
| 2023 | −9.3% | −11.7% | +26.2% | +54.9% | +5.7% |
| 2022 | +14.5% | −19.4% | −18.2% | −32.6% | −13.0% |
| 2021 | +26.4% | −10.0% | +28.7% | +27.4% | −1.8% |
| 2020 | +1.2% | −23.2% | +18.3% | +48.6% | +7.5% |
| 2019 | +5.0% | −7.8% | +31.2% | +39.0% | +8.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
CMDY largest drawdowns
Now 2.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| May 24, 2018 | −31.2% | Mar 18, 2020 | Apr 22, 2021 | 1.8 years | 2.9 years |
| Jun 7, 2022 | −26.6% | Feb 14, 2024 | Jan 23, 2026 | 1.7 years | 3.6 years |
| May 12, 2026 | −14.2% | Jun 24, 2026 | Sep 1, 2026 | 43 days | 4 months |
| Mar 8, 2022 | −10.7% | Mar 16, 2022 | Apr 14, 2022 | 8 days | 37 days |
| Oct 25, 2021 | −10.0% | Dec 1, 2021 | Jan 26, 2022 | 37 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
CMDY risk statistics
| Statistic | 3 years | 5 years | Since 2018 |
|---|---|---|---|
| Annualized return | +15.2% | +10.3% | +8.1% |
| Volatility (annualized) | 13.1% | 14.6% | 13.9% |
| Sharpe ratio | 0.81 | 0.50 | 0.44 |
| Sortino ratio | 1.49 | 0.77 | 0.67 |
| Best month | +10.6% | +10.6% | +10.6% |
| Worst month | −8.5% | −10.2% | −10.2% |
| Best 12 months | +43.2% | +43.2% | +47.5% |
| Worst 12 months | +0.6% | −23.0% | −23.0% |
| Positive months | 61% | 57% | 58% |
| Beta vs S&P 500 | -0.11 | 0.18 | — |
| Correlation with S&P 500 | -0.10 | 0.19 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
CMDY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 91 | −23.0% | +5.5% | +47.5% | 64% |
| 3-year (a year) | 67 | −4.7% | +9.4% | +20.7% | 91% |
| 5-year (a year) | 43 | +2.9% | +8.4% | +13.7% | 100% |
Every holding period starting at a month-end since 2018. Returns for 3 years and longer are annualized.
CMDY performance overview
iShares Bloomberg Roll Select Broad Commodity… (CMDY) returned +34.6% over the past year and +9.9% a year over five years, with distributions reinvested. Since its first recorded price in 2018 it has returned +8.4% a year, turning $10,000 into about $19,929. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −31.2%, from May 24, 2018 to Mar 18, 2020, and it took 1.1 years to get back to the old high. CMDY finished 6 of its 7 full calendar years with a gain; the best year was 2021 (+26.4%) and the worst 2023 (−9.3%). Volatility has been 13.9% a year.
Related: CMDY chart, CMDY dividends. See the CMDY overview for the latest quote and fund facts.
CMDY performance FAQ
What is the CMDY return over the past year?
CMDY returned +34.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 19.1%.
What is the average annual return of CMDY?
CMDY has returned +9.9% a year over 5 years, +8.4% a year since April 5, 2018 (total return, distributions reinvested).
How much would $10,000 invested in CMDY be worth?
$10,000 invested in CMDY at its first recorded close on April 5, 2018 would be worth about $19,929 on October 23, 2026 with distributions reinvested.
What was the worst year for CMDY?
The worst calendar year was 2023, with a total return of −9.3%. The best was 2021 at +26.4%.
What is the biggest drawdown of CMDY?
The largest peak-to-trough decline was −31.2% between May 24, 2018 and March 18, 2020. It recovered to the old high on April 22, 2021, 1.1 years after the bottom.
How volatile is CMDY?
Over the past 3 years CMDY had an annualized volatility of 13.1% and a Sharpe ratio of 0.81 (excess return over 1–3 month T-bills per unit of risk).