CMDT vs. MVRL ETF Comparison
Comparison of PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) to ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL)
CMDT
PIMCO Commodity Strategy Active Exchange-Traded Fund
CMDT Description
CMDT aims for total return in excess of a diversified commodity benchmark by actively managing both commodity exposure and the funds collateral. The fund primarily gains exposure through commodity swaps and futures but may also directly invest in commodities and use other commodity-linked derivatives. The fund adviser determines target allocations using proprietary quantitative models that incorporate multi-factors such as historic performance trends and storage costs. Positions established may be long, short, or no positions in the specific commodities suggested by the models. Weighting is at the discretion of the fund adviser. The fund also holds a short-duration of investment grade fixed-income securities to serve as collateral. CMDT obtains its exposure via a Cayman Islands subsidiary, thus avoiding a K-1 form to investors. The fund has a longer investment horizon, not short-term, tactical trading. Investments and returns may be different from the advisers other funds
Grade (RS Rating)
Last Trade
$28.10
Average Daily Volume
48,118
1
MVRL
ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN
MVRL Description
The investment seeks to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the MVIS US Mortgage REITs Index, reduced by the Accrued Fees. The index is designed to track the overall performance of publicly-traded mortgage REITs that are listed and incorporated in the United States and derive at least 50% of their revenues from mortgage-related activity.Grade (RS Rating)
Last Trade
$17.54
Average Daily Volume
10,696
23
Performance
| Period | CMDT | MVRL |
|---|---|---|
| 30 Days | 1.86% | 10.21% |
| 60 Days | 4.59% | 1.50% |
| 90 Days | 8.65% | 8.68% |
| 12 Months | 15.10% | 22.52% |
0 Overlapping Holdings
| Symbol | Grade | Weight in CMDT | Weight in MVRL | Overlap |
|---|
CMDT Overweight 1 Positions Relative to MVRL
| Symbol | Grade | Weight | |
|---|---|---|---|
| MINT | A | 6.36% |
CMDT Underweight 23 Positions Relative to MVRL
| Symbol | Grade | Weight | |
|---|---|---|---|
| NLY | A | -13.03% | |
| AGNC | A | -8.86% | |
| STWD | C | -8.19% | |
| CIM | C | -5.48% | |
| HASI | B | -5.04% | |
| BXMT | F | -4.84% | |
| ABR | C | -4.54% | |
| TWO | C | -4.01% | |
| MFA | D | -3.81% | |
| PMT | A | -3.79% | |
| ARI | D | -3.76% | |
| LADR | B | -3.51% | |
| NYMT | F | -3.26% | |
| RWT | C | -2.77% | |
| EFC | B | -2.49% | |
| RC | F | -2.05% | |
| ORC | B | -2.0% | |
| ACRE | F | -1.95% | |
| BRSP | F | -1.92% | |
| KREF | F | -1.86% | |
| IVR | B | -1.84% | |
| ARR | B | -1.83% | |
| DX | B | -1.48% |
CMDT: Top Represented Industries & Keywords
MVRL: Top Represented Industries & Keywords
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