AIRR vs. COMT

Last updated Jun 9, 2026

AIRR (First Trust RBA American Industrial Renaissance ETF) and COMT (iShares Commodities Select Strategy ETF) are both exchange-traded funds - AIRR is a Building & Construction fund tracking the Richard Bernstein Advisors American Industrial Renaissance Index, while COMT is a Commodities fund actively managed by iShares. AIRR is passively managed, while COMT is actively managed. Over the past 10 years, AIRR returned 21.61%/yr vs 8.65%/yr for COMT. At a 0.31 correlation, their price movements are largely independent. AIRR charges 0.69%/yr vs 0.48%/yr for COMT.

Performance

AIRR vs. COMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust RBA American Industrial Renaissance ETF (AIRR) and iShares Commodities Select Strategy ETF (COMT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIRR achieves a 30.41% return, which is significantly lower than COMT's 35.49% return. Over the past 10 years, AIRR has outperformed COMT with an annualized return of 21.61%, while COMT has yielded a comparatively lower 8.65% annualized return.

AIRR

• 1D: 0.13%
• 1M: -1.14%
• YTD: 30.41%
• 6M: 29.32%
• 1Y: 61.66%
• 3Y*: 35.42%
• 5Y*: 24.95%
• 10Y*: 21.61%

COMT

• 1D: 0.65%
• 1M: -2.46%
• YTD: 35.49%
• 6M: 35.13%
• 1Y: 41.04%
• 3Y*: 15.85%
• 5Y*: 12.68%
• 10Y*: 8.65%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIRR vs. COMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AIRR First Trust RBA American Industrial Renaissance ETF	30.41%	27.92%	33.45%	31.43%	-2.08%	33.01%	17.17%	33.97%	-20.57%	16.28%
COMT iShares Commodities Select Strategy ETF	35.49%	6.07%	5.96%	-6.56%	19.45%	36.88%	-18.66%	10.81%	-6.67%	11.70%

Correlation

The correlation between AIRR and COMT is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (10Y) Calculated over the trailing 10-year period	0.27
Correlation (All Time) Calculated using the full available price history since Oct 17, 2014	0.31

The correlation between AIRR and COMT shifts across timeframes, from -0.13 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.

AIRR vs. COMT - Sectors Allocation Comparison

Sectors	AIRR	COMT
Industrials	84.6%	-
Financial Services	9.6%	100.0%
Energy	3.8%	-
Technology	0.5%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

AIRR vs. COMT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIRR

AIRR Risk / Return Rank: 82
AIRR Sharpe Ratio Rank: 83
AIRR Sortino Ratio Rank: 79
AIRR Omega Ratio Rank: 73
AIRR Calmar Ratio Rank: 88
AIRR Martin Ratio Rank: 88

COMT

COMT Risk / Return Rank: 69
COMT Sharpe Ratio Rank: 64
COMT Sortino Ratio Rank: 60
COMT Omega Ratio Rank: 63
COMT Calmar Ratio Rank: 89
COMT Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIRR vs. COMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust RBA American Industrial Renaissance ETF (AIRR) and iShares Commodities Select Strategy ETF (COMT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AIRR	COMT	Difference
Sharpe ratio: Return per unit of total volatility	2.43	1.92	+0.51
Sortino ratio: Return per unit of downside risk	3.16	2.53	+0.63
Omega ratio: Gain probability vs. loss probability	1.39	1.34	+0.04
Calmar ratio: Return relative to maximum drawdown	4.74	4.99	-0.25
Martin ratio: Return relative to average drawdown	17.47	11.85	+5.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AIRR vs. COMT - Sharpe Ratio Comparison

The current AIRR Sharpe Ratio is 2.43, which is comparable to the COMT Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of AIRR and COMT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AIRR	COMT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	1.92	+0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.99	0.60	+0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.82	0.46	+0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.19	+0.47

Drawdowns

AIRR vs. COMT - Drawdown Comparison

The maximum AIRR drawdown since its inception was -42.37%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for AIRR and COMT.

Drawdown Indicators

	AIRR	COMT	Difference
Max Drawdown Largest peak-to-trough decline	-42.37%	-51.89%	+9.52%
Max Drawdown (1Y) Largest decline over 1 year	-13.09%	-8.27%	-4.82%
Max Drawdown (3Y) Largest decline over 3 years	-27.95%	-13.31%	-14.64%
Max Drawdown (5Y) Largest decline over 5 years	-27.95%	-29.00%	+1.05%
Max Drawdown (10Y) Largest decline over 10 years	-42.37%	-39.22%	-3.15%
Current Drawdown Current decline from peak	-2.88%	-7.67%	+4.79%
Average Drawdown Average peak-to-trough decline	-7.42%	-24.05%	+16.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.54%	3.47%	+0.07%

Volatility

AIRR vs. COMT - Volatility Comparison

First Trust RBA American Industrial Renaissance ETF (AIRR) has a higher volatility of 7.07% compared to iShares Commodities Select Strategy ETF (COMT) at 6.67%. This indicates that AIRR's price experiences larger fluctuations and is considered to be riskier than COMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIRR	COMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.07%	6.67%	+0.40%
Volatility (6M) Calculated over the trailing 6-month period	20.10%	19.03%	+1.07%
Volatility (1Y) Calculated over the trailing 1-year period	25.55%	21.50%	+4.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.33%	21.09%	+4.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.30%	18.90%	+7.40%

AIRR vs. COMT - Expense Ratio Comparison

AIRR has a 0.69% expense ratio, which is higher than COMT's 0.48% expense ratio.

Dividends

AIRR vs. COMT - Dividend Comparison

AIRR's dividend yield for the trailing twelve months is around 0.14%, less than COMT's 5.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIRR First Trust RBA American Industrial Renaissance ETF	0.14%	0.19%	0.18%	0.23%	0.12%	0.05%	0.10%	0.20%	0.43%	0.30%	0.08%	0.47%
COMT iShares Commodities Select Strategy ETF	5.71%	7.74%	4.90%	5.19%	29.79%	17.79%	0.36%	2.61%	11.65%	5.16%	0.52%	1.44%

Frequently Asked Questions

Can I hold both AIRR and COMT in my portfolio?

AIRR and COMT have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIRR or COMT?

AIRR has higher volatility (7.07%) compared to COMT (6.67%). In terms of maximum drawdown, AIRR dropped -42.37% vs COMT's -51.89%.

Which ETF is better, AIRR or COMT?

On 10-year performance, AIRR leads with 21.61% vs 8.65% for COMT. On fees, COMT is cheaper at 0.48% per year. On volatility, COMT has been the lower-risk option at 6.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AIRR or COMT?

Over the 10-year period, AIRR has performed better with a 21.61% return vs 8.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AIRR or COMT?

COMT is cheaper with a 0.48% expense ratio, compared with 0.69% for AIRR.

Which ETF pays a higher dividend yield, AIRR or COMT?

COMT has the higher dividend yield at 5.71%, compared with 0.14% for AIRR.

What is the main difference between AIRR and COMT?

AIRR is categorized as Building & Construction, while COMT is Commodities. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.69% for AIRR and 0.48% for COMT.

Which has better risk-adjusted returns?

AIRR currently has the higher Sharpe Ratio (2.43 vs 1.92), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.