COMT vs. CMDT

Last updated Jun 4, 2026

COMT (iShares Commodities Select Strategy ETF) and CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) are both Commodities funds. COMT is actively managed, while CMDT is passively managed. Over the past 3 years, COMT returned 16.86%/yr vs 16.90%/yr for CMDT. Their correlation of 0.88 suggests significant overlap in exposure. COMT charges 0.48%/yr vs 0.65%/yr for CMDT.

Performance

COMT vs. CMDT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Commodities Select Strategy ETF (COMT) and PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COMT achieves a 39.67% return, which is significantly higher than CMDT's 23.96% return.

COMT

• 1D: 0.78%
• 1M: -4.35%
• YTD: 39.67%
• 6M: 39.06%
• 1Y: 47.51%
• 3Y*: 16.86%
• 5Y*: 13.50%
• 10Y*: 9.09%

CMDT

• 1D: -0.03%
• 1M: -0.63%
• YTD: 23.96%
• 6M: 24.09%
• 1Y: 35.85%
• 3Y*: 16.90%
• 5Y*: —
• 10Y*: —

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

COMT vs. CMDT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
COMT iShares Commodities Select Strategy ETF	39.67%	6.07%	5.96%	1.00%
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund	23.96%	12.78%	6.93%	5.50%

Correlation

The correlation between COMT and CMDT is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (All Time) Calculated using the full available price history since May 11, 2023	0.88

The correlation between COMT and CMDT has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.

COMT vs. CMDT - Sectors Allocation Comparison

Sectors	COMT	CMDT
Financial Services	100.0%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

COMT vs. CMDT — Risk / Return Rank

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

COMT

COMT Risk / Return Rank: 71
COMT Sharpe Ratio Rank: 66
COMT Sortino Ratio Rank: 60
COMT Omega Ratio Rank: 64
COMT Calmar Ratio Rank: 91
COMT Martin Ratio Rank: 73

CMDT

CMDT Risk / Return Rank: 88
CMDT Sharpe Ratio Rank: 87
CMDT Sortino Ratio Rank: 86
CMDT Omega Ratio Rank: 83
CMDT Calmar Ratio Rank: 95
CMDT Martin Ratio Rank: 91

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.

COMT vs. CMDT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Commodities Select Strategy ETF (COMT) and PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT). 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.

	COMT	CMDT	Difference
Sharpe ratio: Return per unit of total volatility	2.24	2.92	-0.67
Sortino ratio: Return per unit of downside risk	2.88	3.92	-1.04
Omega ratio: Gain probability vs. loss probability	1.40	1.50	-0.11
Calmar ratio: Return relative to maximum drawdown	5.95	8.03	-2.08
Martin ratio: Return relative to average drawdown	14.11	22.12	-8.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

COMT vs. CMDT - Sharpe Ratio Comparison

The current COMT Sharpe Ratio is 2.24, which is comparable to the CMDT Sharpe Ratio of 2.92. The chart below compares the historical Sharpe Ratios of COMT and CMDT, 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

	COMT	CMDT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.24	2.92	-0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	1.32	-1.12

Drawdowns

COMT vs. CMDT - Drawdown Comparison

The maximum COMT drawdown since its inception was -51.89%, which is greater than CMDT's maximum drawdown of -9.69%. Use the drawdown chart below to compare losses from any high point for COMT and CMDT.

Drawdown Indicators

	COMT	CMDT	Difference
Max Drawdown Largest peak-to-trough decline	-51.89%	-9.69%	-42.20%
Max Drawdown (1Y) Largest decline over 1 year	-8.02%	-4.49%	-3.53%
Max Drawdown (3Y) Largest decline over 3 years	-13.31%	-9.69%	-3.62%
Max Drawdown (5Y) Largest decline over 5 years	-29.00%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.22%	—	—
Current Drawdown Current decline from peak	-4.82%	-2.86%	-1.96%
Average Drawdown Average peak-to-trough decline	-24.07%	-2.69%	-21.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.38%	1.63%	+1.75%

Volatility

COMT vs. CMDT - Volatility Comparison

iShares Commodities Select Strategy ETF (COMT) has a higher volatility of 7.37% compared to PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) at 4.33%. This indicates that COMT's price experiences larger fluctuations and is considered to be riskier than CMDT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COMT	CMDT	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.37%	4.33%	+3.04%
Volatility (6M) Calculated over the trailing 6-month period	18.80%	10.30%	+8.50%
Volatility (1Y) Calculated over the trailing 1-year period	21.29%	12.35%	+8.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.06%	12.21%	+8.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.89%	12.21%	+6.68%

COMT vs. CMDT - Expense Ratio Comparison

COMT has a 0.48% expense ratio, which is lower than CMDT's 0.65% expense ratio.

Dividends

COMT vs. CMDT - Dividend Comparison

COMT's dividend yield for the trailing twelve months is around 5.54%, more than CMDT's 2.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund	2.44%	3.04%	8.80%	2.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
COMT iShares Commodities Select Strategy ETF	5.54%	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 COMT and CMDT in my portfolio?

COMT and CMDT have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COMT or CMDT?

COMT has higher volatility (7.37%) compared to CMDT (4.33%). In terms of maximum drawdown, COMT dropped -51.89% vs CMDT's -9.69%.

Which ETF is better, COMT or CMDT?

On 3-year performance, CMDT leads with 16.90% vs 16.86% for COMT. On fees, COMT is cheaper at 0.48% per year. On volatility, CMDT has been the lower-risk option at 4.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COMT or CMDT?

Over the 3-year period, CMDT has performed better with a 16.90% return vs 16.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COMT or CMDT?

COMT is cheaper with a 0.48% expense ratio, compared with 0.65% for CMDT.

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

COMT has the higher dividend yield at 5.54%, compared with 2.44% for CMDT.

What is the main difference between COMT and CMDT?

They also come from different issuers: iShares and PIMCO. Their fees differ too: 0.48% for COMT and 0.65% for CMDT.

Which has better risk-adjusted returns?

CMDT currently has the higher Sharpe Ratio (2.92 vs 2.24), 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.