CMDY vs. COMT
Compare and contrast key facts about iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) and iShares Commodities Select Strategy ETF (COMT).
CMDY and COMT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CMDY is a passively managed fund by iShares that tracks the performance of the Bloomberg Roll Select Commodity Total Return Index. It was launched on Apr 3, 2018. COMT is an actively managed fund by iShares. It was launched on Oct 15, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CMDY or COMT.
Performance
CMDY vs. COMT - Performance Comparison
Returns By Period
In the year-to-date period, CMDY achieves a 2.27% return, which is significantly higher than COMT's 1.60% return.
CMDY
2.27%
-2.14%
-6.21%
-0.06%
7.20%
N/A
COMT
1.60%
-1.81%
-7.42%
-1.65%
6.01%
0.31%
Key characteristics
| CMDY | COMT | |
|---|---|---|
| Sharpe Ratio | -0.11 | -0.17 |
| Sortino Ratio | -0.08 | -0.14 |
| Omega Ratio | 0.99 | 0.98 |
| Calmar Ratio | -0.05 | -0.10 |
| Martin Ratio | -0.25 | -0.57 |
| Ulcer Index | 4.81% | 4.61% |
| Daily Std Dev | 11.14% | 15.00% |
| Max Drawdown | -31.20% | -51.89% |
| Current Drawdown | -22.29% | -24.06% |
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CMDY vs. COMT - Expense Ratio Comparison
CMDY has a 0.28% expense ratio, which is lower than COMT's 0.48% expense ratio.
Correlation
The correlation between CMDY and COMT is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
CMDY vs. COMT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) 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.
Dividends
CMDY vs. COMT - Dividend Comparison
CMDY's dividend yield for the trailing twelve months is around 4.98%, less than COMT's 5.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 4.98% | 5.09% | 3.98% | 16.09% | 0.14% | 2.21% | 1.73% | 0.00% | 0.00% | 0.00% | 0.00% |
COMT iShares Commodities Select Strategy ETF | 5.11% | 5.19% | 29.79% | 17.79% | 0.36% | 2.61% | 11.65% | 5.16% | 0.52% | 1.44% | 0.56% |
Drawdowns
CMDY vs. COMT - Drawdown Comparison
The maximum CMDY drawdown since its inception was -31.20%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for CMDY and COMT. For additional features, visit the drawdowns tool.
Volatility
CMDY vs. COMT - Volatility Comparison
The current volatility for iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) is 3.63%, while iShares Commodities Select Strategy ETF (COMT) has a volatility of 5.12%. This indicates that CMDY 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.