COM vs SDMF

COMCDirexion Auspice Broad Commodity Strategy ETF

SDMFBSimplify DBi CTA Managed Futures Index ETF

In short

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.

SDMF Managed futures without the hedge fund bill. SDMF tracks an index built to replicate what CTA trend funds are actually doing, using a short list of liquid futures markets, for 0.35% a year.

Stated mandate

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.

SDMF The Fund seeks long-term capital appreciation.

Why people hold it

• 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.

• SDMF Charges 0.35%, roughly half the typical fee among futures-strategy funds in its group. Cheap shelf space for a strategy that usually arrives with hedge fund pricing.
• Rules over hunches: it follows the DBi CTA Managed Futures Index and its advertised 10-factor replication approach, not a trader's discretion.simplify.us
• Its cohort is mostly long-only commodity baskets (BCI, CMDY). This one is a managed futures strategy, which can lean either direction across futures markets.
• Ordinary 1940 Act ETF plumbing: daily pricing, intraday trading, no lockup or subscription paperwork.

Worth knowing

• 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.

• SDMF Launched in 2026, so there is no long record here and the risk picture rests on limited history.
• A small fund that has traded lightly since launch, so spreads can run wider than the big commodity index names in its category.
• The stated goal is long-term capital appreciation, and payouts come once or twice a year at most. Not built as an income stream.

Full COM profile⁠

Full SDMF profile⁠