GTOP vs CMDT
Comparison between GOLDMAN SACHS TECHNOLOGY OPPORTUNITIES ETF (GTOP, ETF) and PIMCO COMMODITY STRATEGY ACTIVE EXCHANGE-TRADED FUND (CMDT, ETF).
GTOP vs CMDT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
GTOP
$750M
Winner
CMDT
$751M
Expense Ratio
GTOP
0.65%
CMDT
0.65%
Max Drawdown
GTOP
14.47%
Winner
CMDT
14.16%
Sharpe Ratio
GTOP
1.23
Winner
CMDT
1.69
5Y Beta
GTOP
1.67
Winner
CMDT
0.16
P/E Ratio
GTOP
42.33
CMDT
N/A
Forward P/E
GTOP
25.73
CMDT
N/A
5Y EPS CAGR
GTOP
36.48%
CMDT
N/A
P/S Ratio
GTOP
6.32
CMDT
N/A
P/B Ratio
GTOP
11.90
CMDT
N/A
GTOP vs CMDT - Holdings Comparison
GTOP and CMDT have 0 common holdings. Overlap is 0.00%
GTOP's top 25 holdings weight is 86.81%. CMDT's top 25 holdings weight is 67.68%.
| Rank | GTOP | CMDT |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 11.86% | PIMCO CAYMAN COMMODITY FUND CMDT LTD (n/a) - 14.09% |
| #2 | ALPHABET INC CLASS C (GOOG) - 11.19% | CANADIAN DOLLAR PURCHASED (n/a) - 10.33% |
| #3 | AMAZON.COM INC (AMZN) - 4.73% | PIMCO ENHANCED SHORT MATURITY ACTIVE ETF (MINT) - 5.91% |
| #4 | APPLE INC (AAPL) - 4.68% | n/a (n/a) - 5.53% |
| #5 | ADVANCED MICRO DEVICES INC (AMD) - 4.23% | n/a (n/a) - 4.31% |
| #6 | MICRON TECHNOLOGY INC (MU) - 4.07% | n/a (n/a) - 3.15% |
| #7 | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ADR (TSM) - 3.40% | n/a (n/a) - 3.13% |
| #8 | META PLATFORMS INC CLASS A (META) - 3.31% | n/a (n/a) - 2.17% |
| #9 | PALO ALTO NETWORKS INC (PANW) - 3.28% | n/a (n/a) - 1.56% |
| #10 | MASTERCARD INC CLASS A (MA) - 3.23% | BRAZILIAN REAL-NDF PURCHASED (n/a) - 1.54% |
| #11 | KLA CORP (KLAC) - 3.03% | EUROPEAN MONETARY UNION EURO PURCHASED (n/a) - 1.49% |
| #12 | MARVELL TECHNOLOGY INC (MRVL) - 2.91% | ROGERS COMMUNICATIONS INC. 3.65% (n/a) - 1.45% |
| #13 | EQUINIX INC (EQIX) - 2.54% | BANK OF MONTREAL 4.309% (n/a) - 1.37% |
| #14 | MICROSOFT CORP (MSFT) - 2.49% | TRANSCANADA PIPELINES LIMITED 3.8% (n/a) - 1.15% |
| #15 | BROADCOM INC (AVGO) - 2.46% | HCA INC. 0% (n/a) - 1.12% |
| #16 | CISCO SYSTEMS INC (CSCO) - 2.45% | n/a (n/a) - 1.11% |
| #17 | APPLIED MATERIALS INC (AMAT) - 2.09% | ROYAL BANK OF CANADA 4.612% (n/a) - 1.03% |
| #18 | SNOWFLAKE INC ORDINARY SHARES (SNOW) - 2.06% | DNB BANK ASA 1.605% (n/a) - 0.99% |
| #19 | CLOUDFLARE INC (NET) - 1.94% | WELLS FARGO & CO. 3.526% (n/a) - 0.94% |
| #20 | COHERENT CORP (COHR) - 1.92% | KEURIG DR PEPPER INC 0% (n/a) - 0.90% |
| #21 | TEXAS INSTRUMENTS INC (TXN) - 1.90% | GA GLOBAL FUNDING TRUST 4.4% (n/a) - 0.90% |
| #22 | VISA INC CLASS A (V) - 1.87% | BOSTON SCIENTIFIC CORPORATION 0% (n/a) - 0.90% |
| #23 | EBAY INC (EBAY) - 1.86% | GOLDMAN SACHS GROUP, INC. 1.542% (n/a) - 0.89% |
| #24 | CADENCE DESIGN SYSTEMS INC (CDNS) - 1.71% | BACARDI MARTINI B V 0% (n/a) - 0.88% |
| #25 | APPLOVIN CORP ORDINARY SHARES CLASS A (APP) - 1.60% | n/a (n/a) - 0.84% |
| Total Holdings | 37 | 250 |
GTOP vs CMDT - Historical Returns
Returns include dividend reinvestment.
1M
GTOP
-1.96%
Winner
CMDT
+4.53%
3M
Winner
GTOP
+14.21%
CMDT
-0.01%
6M
Winner
GTOP
+23.83%
CMDT
+15.66%
1Y
GTOP
N/A
CMDT
+27.71%
Max(CAGR)
Winner
GTOP
+35.67%
CMDT
+14.12%
GTOP vs CMDT - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | GTOP | CMDT |
|---|---|---|
| 2026 | +21.90% | +20.29% |
| 2025 | -1.21% | +11.76% |
| 2024 | N/A | +7.69% |
| 2023 | N/A | +5.51% |
GTOP vs CMDT Drawdown Comparison
The maximum drawdown for GTOP was -14.47%, occurring on Mar 30, 2026. Recovery took 52 trading sessions.
The maximum drawdown for CMDT was -13.23%, occurring on Jun 24, 2026. This drawdown has not yet recovered.
The current GTOP drawdown is -4.48%. The current CMDT drawdown is -6.01%.
| Rank | GTOP | CMDT |
|---|---|---|
| #1 | -14.47% Jan 28, 2026 - Apr 14, 2026 | -13.23% May 12, 2026 - Jun 24, 2026 |
| #2 | -8.04% Jun 2, 2026 - Jun 10, 2026 | -9.70% May 28, 2024 - Jan 22, 2025 |
| #3 | -6.05% Dec 10, 2025 - Jan 6, 2026 | -9.44% Feb 20, 2025 - Jun 17, 2025 |
| #4 | -4.28% Jan 12, 2026 - Jan 28, 2026 | -8.86% Sep 14, 2023 - Apr 2, 2024 |
| #5 | -3.07% May 14, 2026 - May 26, 2026 | -4.35% Jan 29, 2026 - Feb 27, 2026 |
| #6 | -1.75% Apr 27, 2026 - May 1, 2026 | -4.04% Jun 17, 2025 - Aug 29, 2025 |
| #7 | -1.30% Jan 6, 2026 - Jan 12, 2026 | -3.68% May 10, 2023 - Jun 15, 2023 |
| #8 | -0.76% Apr 22, 2026 - Apr 24, 2026 | -3.62% Jun 21, 2023 - Jul 11, 2023 |
| #9 | -0.57% May 26, 2026 - May 28, 2026 | -3.42% Mar 12, 2026 - Mar 30, 2026 |
| #10 | -0.43% May 11, 2026 - May 13, 2026 | -3.13% Apr 15, 2024 - May 17, 2024 |
| #11 | -0.05% Apr 20, 2026 - Apr 22, 2026 | -3.01% Dec 5, 2025 - Jan 5, 2026 |
| #12 | N/A | -3.00% Nov 3, 2025 - Dec 5, 2025 |
| #13 | N/A | -2.78% Aug 9, 2023 - Aug 31, 2023 |
| #14 | N/A | -2.15% Apr 16, 2026 - Apr 22, 2026 |
| #15 | N/A | -2.14% Sep 16, 2025 - Oct 6, 2025 |
Correlation
Correlation between GTOP and CMDT is 0.49 which considered as a weak positive correlation - the stocks show a slight tendency to move together.
0.49
-101
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