CGMS vs. COMT
CGMS (Capital Group U.S. Multi-Sector Income ETF) and COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) are both exchange-traded funds - CGMS is a Multisector Bonds fund actively managed by Capital Group, while COMT is a Commodities fund tracking the S&P GSCI Dynamic Roll (USD) Total Return Index. CGMS is actively managed, while COMT is passively managed. Over the past 3 years, CGMS returned 7.55%/yr vs 12.71%/yr for COMT. At a correlation of -0.04, they often move in opposite directions. CGMS charges 0.39%/yr vs 0.48%/yr for COMT.
Performance
CGMS vs. COMT - Performance Comparison
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Returns By Period
In the year-to-date period, CGMS achieves a 1.63% return, which is significantly lower than COMT's 30.19% return.
CGMS
- 1D
- -0.04%
- 1M
- -0.28%
- 6M
- 1.08%
- YTD
- 1.63%
- 1Y
- 5.56%
- 3Y*
- 7.55%
- 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%
CGMS vs. COMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CGMS Capital Group U.S. Multi-Sector Income ETF | 1.63% | 7.52% | 7.24% | 11.51% | 2.77% |
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 30.19% | 6.07% | 5.96% | -6.56% | -4.09% |
Correlation
The correlation between CGMS and COMT is -0.32, 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 | -0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2022 | -0.04 |
Over the past year, the inverse relationship between CGMS and COMT has strengthened: their correlation has moved from -0.04 to -0.32, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
CGMS vs. COMT — Risk / Return Rank
CGMS
COMT
CGMS vs. COMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group U.S. Multi-Sector Income ETF (CGMS) 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.
| CGMS | COMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.27 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 1.90 | +0.36 |
| Martin ratioReturn relative to average drawdown | 9.99 | 6.35 | +3.64 |
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Drawdowns
CGMS vs. COMT - Drawdown Comparison
The maximum CGMS drawdown since its inception was -4.08%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for CGMS and COMT.
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Drawdown Indicators
| CGMS | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.08% | -51.89% | +47.81% |
Max Drawdown (1Y)Largest decline over 1 year | -2.47% | -17.57% | +15.10% |
Max Drawdown (3Y)Largest decline over 3 years | -4.08% | -17.57% | +13.49% |
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 | -0.36% | -11.28% | +10.92% |
Average DrawdownAverage peak-to-trough decline | -0.66% | -23.95% | +23.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 5.24% | -4.68% |
Volatility
CGMS vs. COMT - Volatility Comparison
The current volatility for Capital Group U.S. Multi-Sector Income ETF (CGMS) is 0.89%, while iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) has a volatility of 5.91%. This indicates that CGMS 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.
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Volatility by Period
| CGMS | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 5.91% | -5.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 19.67% | -16.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.46% | 21.54% | -18.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.09% | 21.20% | -16.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.09% | 18.85% | -13.76% |
CGMS vs. COMT - Expense Ratio Comparison
CGMS has a 0.39% expense ratio, which is lower than COMT's 0.48% expense ratio.
Dividends
CGMS vs. COMT - Dividend Comparison
CGMS's dividend yield for the trailing twelve months is around 6.14%, more than COMT's 5.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGMS Capital Group U.S. Multi-Sector Income ETF | 6.14% | 6.00% | 5.91% | 5.84% | 0.97% | 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
CGMS and COMT have a correlation of -0.32, 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 CGMS (0.89%). In terms of maximum drawdown, CGMS dropped -4.08% vs COMT's -51.89%.
On 3-year performance, COMT leads with 12.71% vs 7.55% for CGMS. On fees, CGMS is cheaper at 0.39% per year. On volatility, CGMS has been the lower-risk option at 0.89%. 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 7.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CGMS is cheaper with a 0.39% expense ratio, compared with 0.48% for COMT.
CGMS has the higher dividend yield at 6.14%, compared with 5.95% for COMT.
CGMS is categorized as Multisector Bonds, while COMT is Commodities. They also come from different issuers: Capital Group and iShares. Their fees differ too: 0.39% for CGMS and 0.48% for COMT.
CGMS currently has the higher Sharpe Ratio (1.61 vs 1.55), 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.
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