COMT vs. DXJ
COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) and DXJ (WisdomTree Japan Hedged Equity Fund) are both exchange-traded funds - COMT is a Commodities fund tracking the S&P GSCI Dynamic Roll (USD) Total Return Index, while DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. Both are passively managed. Over the past 10 years, COMT returned 8.70%/yr vs 18.40%/yr for DXJ. At a 0.23 correlation, their price movements are largely independent. Both charge a 0.48% expense ratio.
Performance
COMT vs. DXJ - Performance Comparison
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Returns By Period
In the year-to-date period, COMT achieves a 31.39% return, which is significantly higher than DXJ's 20.15% return. Over the past 10 years, COMT has underperformed DXJ with an annualized return of 8.70%, while DXJ has yielded a comparatively higher 18.40% annualized return.
COMT
- 1D
- 0.15%
- 1M
- 4.27%
- 6M
- 27.35%
- YTD
- 31.39%
- 1Y
- 33.27%
- 3Y*
- 12.00%
- 5Y*
- 12.10%
- 10Y*
- 8.70%
- ALL TIME*
- 3.44%
DXJ
- 1D
- 0.12%
- 1M
- -2.97%
- 6M
- 11.29%
- YTD
- 20.15%
- 1Y
- 51.72%
- 3Y*
- 30.73%
- 5Y*
- 26.86%
- 10Y*
- 18.40%
- ALL TIME*
- 9.40%
COMT vs. DXJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 31.39% | 6.07% | 5.96% | -6.56% | 19.45% | 36.88% | -18.66% | 10.81% | -6.67% | 11.70% |
DXJ WisdomTree Japan Hedged Equity Fund | 20.15% | 32.78% | 29.83% | 42.04% | 5.96% | 17.99% | 3.94% | 18.94% | -19.78% | 22.81% |
Correlation
The correlation between COMT and DXJ is -0.15, 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 | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2014 | 0.23 |
The correlation between COMT and DXJ shifts across timeframes, from -0.15 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
COMT vs. DXJ — Risk / Return Rank
COMT
DXJ
COMT vs. DXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) and WisdomTree Japan Hedged Equity Fund (DXJ). 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.
| COMT | DXJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.51 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 4.73 | -2.83 |
| Martin ratioReturn relative to average drawdown | 6.26 | 17.82 | -11.56 |
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Drawdowns
COMT vs. DXJ - Drawdown Comparison
The maximum COMT drawdown since its inception was -51.89%, roughly equal to the maximum DXJ drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for COMT and DXJ.
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Drawdown Indicators
| COMT | DXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.89% | -49.63% | -2.26% |
Max Drawdown (1Y)Largest decline over 1 year | -17.57% | -10.98% | -6.59% |
Max Drawdown (3Y)Largest decline over 3 years | -17.57% | -22.19% | +4.62% |
Max Drawdown (5Y)Largest decline over 5 years | -29.00% | -22.19% | -6.81% |
Max Drawdown (10Y)Largest decline over 10 years | -39.22% | -39.14% | -0.08% |
Current DrawdownCurrent decline from peak | -10.46% | -4.28% | -6.18% |
Average DrawdownAverage peak-to-trough decline | -23.95% | -14.26% | -9.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.33% | 2.91% | +2.42% |
Volatility
COMT vs. DXJ - Volatility Comparison
The current volatility for iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) is 5.69%, while WisdomTree Japan Hedged Equity Fund (DXJ) has a volatility of 6.53%. This indicates that COMT experiences smaller price fluctuations and is considered to be less risky than DXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COMT | DXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.69% | 6.53% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 19.64% | 14.44% | +5.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.59% | 18.43% | +3.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.10% | 19.04% | +2.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.85% | 19.93% | -1.08% |
COMT vs. DXJ - Expense Ratio Comparison
Both COMT and DXJ have an expense ratio of 0.48%.
Dividends
COMT vs. DXJ - Dividend Comparison
COMT's dividend yield for the trailing twelve months is around 5.89%, more than DXJ's 0.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 5.89% | 7.74% | 4.90% | 5.19% | 29.79% | 17.79% | 0.36% | 2.61% | 11.65% | 5.16% | 0.52% | 1.44% |
DXJ WisdomTree Japan Hedged Equity Fund | 0.98% | 1.29% | 3.48% | 3.44% | 3.02% | 2.64% | 2.53% | 2.47% | 2.92% | 2.30% | 1.98% | 5.95% |
Frequently Asked Questions
COMT and DXJ have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DXJ has higher volatility (6.53%) compared to COMT (5.69%). In terms of maximum drawdown, COMT dropped -51.89% vs DXJ's -49.63%.
On 10-year performance, DXJ leads with 18.40% vs 8.70% for COMT. Both ETFs have the same 0.48% expense ratio. On volatility, COMT has been the lower-risk option at 5.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DXJ has performed better with a 18.40% return vs 8.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
COMT and DXJ have the same expense ratio: 0.48% per year.
COMT has the higher dividend yield at 5.89%, compared with 0.98% for DXJ.
COMT is categorized as Commodities, while DXJ is Japan Equities. COMT tracks S&P GSCI Dynamic Roll (USD) Total Return Index, while DXJ tracks WisdomTree Japan Hedged Equity Index. They also come from different issuers: iShares and WisdomTree.
DXJ currently has the higher Sharpe Ratio (2.83 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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