CMDY vs COM

CMDYAiShares Bloomberg Roll Select Commodity Strategy ETF

COMCDirexion Auspice Broad Commodity Strategy ETF

In short

CMDY Commodities without the worst of the futures math. CMDY tracks the Roll Select version of the Bloomberg commodity index, where contract choice is written into the rules to ease rolling costs, and charges 0.29% to do it.

COM Most broad commodity funds ride the whole basket down through every slump. COM tracks a rules-based index that holds a commodity while its trend holds and steps to cash when it doesn't, one market at a time.

Stated mandate

CMDY The fund seeks to track an index representing a broad range of commodity exposures, using enhanced roll selection on a total-return basis.

COM The fund seeks investment results that track the Auspice Broad Commodity Index. The index uses rules-based long-or-cash positioning across commodity futures and seeks to capture upside while mitigating downside risk.

Why people hold it

• CMDY The name is the strategy. Enhanced roll selection is baked into the index it tracks, so which futures contract to hold is a rule, not an afterthought.
• 0.29% a year sits in the low-fee tier of broad commodity funds, next to BCI, CERY and BCD, and well under what the category typically charges.
• One ticker, a broad basket of roughly 60 futures positions, run on a total-return basis that counts collateral income alongside commodity price moves.
• Live since 2018 under the iShares roof, and one of the stronger implementations in its broad-basket commodity peer group.

• COM The index is long-or-cash by rule across commodity futures, designed to capture upside while limiting downside, rather than staying fully invested through every slide.
• Registered under the 1940 Act, so shareholders get standard fund tax reporting instead of a K-1 partnership form.
• Live since 2017 and sitting in the upper half of a crowded broad-commodity futures peer group, so the trend rules have run through several full commodity cycles.
• Pays distributions quarterly, a cadence set by the fund rather than by whatever commodities did last month.

Worth knowing

• CMDY Moderately traded rather than a volume monster. Spreads can run wider than the mega-cap index funds, which shows up most on large or hurried orders.
• It is structured as a commodity pool, not a plain stock fund, so the tax paperwork and reporting work differently. Check the details before filing season.
• Distributions land annually or semiannually, not monthly, and the roll rule addresses futures mechanics only. Commodity prices still swing hard on their own.

• COM 0.72% a year, above the category median. Always-long index baskets like BCI (0.26%) and BCD (0.30%) charge a fraction of that for plain commodity exposure.
• Trend rules cut both ways: in choppy or sharply reversing markets, a commodity can be sitting in cash while its price snaps back.
• A mid-size, moderately traded fund, so spreads can run wider than at the category's largest names. Limit orders matter more here.

Full CMDY profile⁠

Full COM profile⁠