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CMDY vs HXC

iShares Bloomberg Roll Select Commodity Strategy ETF

CMDYANYSE Arca

Investment Managers Series Trust III - Mast Hedgeindex Strategic Commodities ETF

HXCDNYSE Arca

Overlap

0.0%by weight

Expense ratio

CMDY −0.40pt a year

CMDY0.29%HXC0.69%

Avg volume · 30D

CMDY 3.0×the volume

CMDY90.8KHXC30.2K

CMDY vs HXC Performance

Sep 30, 2026 – Oct 16, 2026

+1.4%CMDY+0.6%HXC

Sep 30, 2026 to Oct 16, 2026. CMDY +1.4%. HXC +0.6%. Use the arrow keys to read each point.0%1%2%Sep 30Oct 8Oct 16
Expense ratio
CMDY 0.29%, better
HXC 0.69%
Fund size
CMDY $743M
HXC $32M
1Y total return
CMDY +32.5%
HXC No data
Yield (12M)
CMDY 9.96%
HXC No data
Holdings
CMDY 108
HXC 33
Avg volume (30D)
CMDY 90.8K sh, better
HXC 30.2K sh
NAV per share
CMDY $63.21
HXC $25.94
52W range

ETF.net Grade

HXC as of

CMDY: Cost 84, Risk 52, Mission not scored, Tradability 47, Holdings 85, Durability 67. HXC: Cost 50, Risk 2, Mission not scored, Tradability 13, Holdings not scored, Durability 2.
Pillar letters and Scores for CMDY, HXC, with each pillar’s weight
PillarCMDYHXC
Cost30% weightA84HigherC50
Mission25% weightNot scoredNot scored
Risk15% weightC52HigherF2
Tradability15% weightC47HigherF13
Holdings10% weightA85Not scored
Durability5% weightB67HigherF2

Rank among Broad Commodity Futures funds

How we build Categories ›

Broad Commodity Futures⁠

Category · 21 funds
See all 21 ›

CMDY ranks 2nd of 21 funds in the Broad Commodity Futures Category.

  1. Rank 1ACERYState Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETFScore 77
  2. Rank 2ACMDYiShares Bloomberg Roll Select Commodity Strategy ETFScore 69
  3. Rank 3ACOMBGraniteShares Bloomberg Commodity Broad Strategy No K-1 ETFScore 68

Our read on each fund

ETF.net Research

CMDYAiShares Bloomberg Roll Select Commodity Strategy ETF

HXCDInvestment Managers Series Trust III - Mast Hedgeindex Strategic Commodities 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.

HXC No data

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.

HXC No data

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.

HXC No data

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.

HXC No data

Full CMDY profile⁠

Full HXC profile⁠

CMDY vs HXC Holdings

As of

How CMDY and HXC differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of CMDY and 0.0% of HXC.

Level by level

  • Asset classCommodities, Equity0.0%
  • Holdings0 in both0.0%

Sector

No Sector split for HXC.

Country, concentration and asset class

Country by domicile

No country split for HXC.

Concentration

Weight in the 10 largest Holdings

  • CMDY28.2%
  • HXC185.0%

Securities held

  • CMDY52
  • HXC22

Asset class

CMDY
Commodities
HXC
Equity

Holdings

  • Only in CMDY52
  • In both0
  • Only in HXC22

Only in CMDY

52 securities, 91.1% of CMDY by weight

  • Treasury Bill26.35%
  • Spire Inc 144A2.29%
  • Procter & Gamble Company (The) 144A2.15%

Only in HXC

22 securities, 100% of HXC by weight

  • F/C Cotton NO.2 Futr DEC2776.15%
  • F/C Brent Crude Futr DEC2632.12%
  • F/C Gold 100 Oz Futr DEC2612.09%

Weight gaps

CMDY and HXC share no securities.

All 56 CMDY holdings⁠All 25 HXC holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CMDY vs HXC Cost

Overpaying HXC vs CMDY

$7,477

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • CMDY 0.29%

    $5,952

  • HXC 0.69%

    $13,429

$10,000
30 years

Cost over time

  • CMDY 0.29%
  • HXC 0.69%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530HXC $13,429CMDY $5,952

Year by year

YearCMDYHXCOverpaying
10$527$1,232$705
20$2,044$4,697$2,653
30$5,952$13,429$7,477

Expense ratio

  • 0.29%CMDY, cheaper
  • 0.69%HXC
  • Middle half of Broad Commodity Futures funds
  • Median 0.68%

CMDY 4th cheapest of 21 funds

HXC 12th cheapest of 21 funds

CMDY vs HXC Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
CMDY 9.96%
HXC No data
Payout (12M)
CMDY $6.29
HXC None
Last payment
CMDY $6.29
HXC No data
Ex-dividend
CMDY Dec 16, 2025
HXC No data
Paid on
CMDY Dec 19, 2025
HXC No data
Frequency
CMDY Annual
HXC No data

Distribution history

Per share, 2018 to 2026, same scale for both

CMDYAnnual · 8 paymentsAll CMDY payments⁠
One bar per payment. 8 payments from 2018 to 2026 YTD. Dec 18, 2018 $0.76; Dec 16, 2019 $1.00; Dec 14, 2020 $0.07; Dec 13, 2021 $7.96; Dec 13, 2022 $2.17; Dec 20, 2023 $2.40; Dec 17, 2024 $2.01; Dec 16, 2025 $6.29. Use the arrow keys to read each point.$0$5202020232026YTD
HXCAll HXC payments⁠

No distribution history available.

CMDY vs HXC Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CMDY 13.1%HXC No data
Return per unit of riskSharpe ratio, 3 years
CMDY 0.79HXC No data
Worst fallMax drawdown, 5 years
CMDY −26.6%HXC No data
Market sensitivityBeta, 5 years
CMDY 0.90HXC 0.38

CMDY and HXC in the news

All news⁠

Popular comparisons

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