CDX vs. COMT
CDX (Simplify High Yield ETF) and COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) are both exchange-traded funds - CDX is a High Yield Bonds fund actively managed by Simplify, while COMT is a Commodities fund tracking the S&P GSCI Dynamic Roll (USD) Total Return Index. CDX is actively managed, while COMT is passively managed. Over the past 3 years, CDX returned 7.13%/yr vs 12.71%/yr for COMT. At a correlation of -0.01, they often move in opposite directions. CDX charges 0.25%/yr vs 0.48%/yr for COMT.
Performance
CDX vs. COMT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CDX achieves a -2.44% return, which is significantly lower than COMT's 30.19% return.
CDX
- 1D
- -0.57%
- 1M
- -1.06%
- 6M
- -2.44%
- YTD
- -2.44%
- 1Y
- -1.30%
- 3Y*
- 7.13%
- 5Y*
- —
- 10Y*
- —
COMT
- 1D
- -0.49%
- 1M
- 2.53%
- 6M
- 26.18%
- YTD
- 30.19%
- 1Y
- 33.20%
- 3Y*
- 12.71%
- 5Y*
- 11.75%
- 10Y*
- 8.33%
CDX vs. COMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CDX Simplify High Yield ETF | -2.44% | 9.51% | 7.71% | 12.74% | -8.26% |
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 30.19% | 6.07% | 5.96% | -6.56% | 4.55% |
Correlation
The correlation between CDX and COMT is -0.27, 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 | -0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2022 | -0.01 |
Over the past year, the inverse relationship between CDX and COMT has strengthened: their correlation has moved from -0.01 to -0.27, meaning they now move in opposite directions more often than their long-term average.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CDX vs. COMT — Risk / Return Rank
CDX
COMT
CDX vs. COMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify High Yield ETF (CDX) and iShares GSCI Commodity Dynamic Roll 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CDX | COMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.41 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.27 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 1.90 | -2.21 |
| Martin ratioReturn relative to average drawdown | -0.64 | 6.35 | -6.98 |
Loading charts...
Drawdowns
CDX vs. COMT - Drawdown Comparison
The maximum CDX drawdown since its inception was -13.24%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for CDX and COMT.
Loading charts...
Drawdown Indicators
| CDX | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.24% | -51.89% | +38.65% |
Max Drawdown (1Y)Largest decline over 1 year | -4.18% | -17.57% | +13.39% |
Max Drawdown (3Y)Largest decline over 3 years | -8.88% | -17.57% | +8.69% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.00% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.22% | — |
Current DrawdownCurrent decline from peak | -7.41% | -11.28% | +3.87% |
Average DrawdownAverage peak-to-trough decline | -4.40% | -23.95% | +19.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 5.24% | -3.19% |
Volatility
CDX vs. COMT - Volatility Comparison
The current volatility for Simplify High Yield ETF (CDX) is 1.79%, while iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) has a volatility of 5.91%. This indicates that CDX experiences smaller price fluctuations and is considered to be less risky than COMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CDX | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 5.91% | -4.12% |
Volatility (6M)Calculated over the trailing 6-month period | 5.04% | 19.67% | -14.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.86% | 21.54% | -15.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.00% | 21.20% | -10.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.00% | 18.85% | -7.85% |
CDX vs. COMT - Expense Ratio Comparison
CDX has a 0.25% expense ratio, which is lower than COMT's 0.48% expense ratio.
Dividends
CDX vs. COMT - Dividend Comparison
CDX's dividend yield for the trailing twelve months is around 8.33%, more than COMT's 5.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDX Simplify High Yield ETF | 8.33% | 7.18% | 12.60% | 5.26% | 7.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 5.95% | 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
CDX and COMT have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COMT has higher volatility (5.91%) compared to CDX (1.79%). In terms of maximum drawdown, CDX dropped -13.24% vs COMT's -51.89%.
On 3-year performance, COMT leads with 12.71% vs 7.13% for CDX. On fees, CDX is cheaper at 0.25% per year. On volatility, CDX has been the lower-risk option at 1.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, COMT has performed better with a 12.71% return vs 7.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CDX is cheaper with a 0.25% expense ratio, compared with 0.48% for COMT.
CDX has the higher dividend yield at 8.33%, compared with 5.95% for COMT.
CDX is categorized as High Yield Bonds, while COMT is Commodities. They also come from different issuers: Simplify and iShares. Their fees differ too: 0.25% for CDX and 0.48% for COMT.
COMT currently has the higher Sharpe Ratio (1.55 vs -0.22), 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.
Find the right allocation for CDX and COMT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer