COMT vs. DXJ

Last updated Jun 9, 2026

COMT (iShares Commodities Select Strategy ETF) and DXJ (WisdomTree Japan Hedged Equity Fund) are both exchange-traded funds - COMT is a Commodities fund actively managed by iShares, while DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. COMT is actively managed, while DXJ is passively managed. Over the past 10 years, COMT returned 8.65%/yr vs 18.23%/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

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Commodities Select Strategy ETF (COMT) and WisdomTree Japan Hedged Equity Fund (DXJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COMT achieves a 35.49% return, which is significantly higher than DXJ's 17.86% return. Over the past 10 years, COMT has underperformed DXJ with an annualized return of 8.65%, while DXJ has yielded a comparatively higher 18.23% annualized return.

COMT

• 1D: 0.65%
• 1M: -2.46%
• YTD: 35.49%
• 6M: 35.13%
• 1Y: 41.04%
• 3Y*: 15.85%
• 5Y*: 12.68%
• 10Y*: 8.65%

DXJ

• 1D: 0.39%
• 1M: 2.00%
• YTD: 17.86%
• 6M: 21.01%
• 1Y: 51.36%
• 3Y*: 31.77%
• 5Y*: 25.93%
• 10Y*: 18.23%

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

COMT vs. DXJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
COMT iShares Commodities Select Strategy ETF	35.49%	6.07%	5.96%	-6.56%	19.45%	36.88%	-18.66%	10.81%	-6.67%	11.70%
DXJ WisdomTree Japan Hedged Equity Fund	17.86%	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 -0.13, 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	-0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since Oct 17, 2014	0.23

The correlation between COMT and DXJ shifts across timeframes, from -0.13 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.

COMT vs. DXJ - Sectors Allocation Comparison

Sectors	COMT	DXJ
Financial Services	100.0%	18.3%
Basic Materials	-	8.5%
Communication Services	-	2.7%
Consumer Cyclical	-	15.6%
Consumer Defensive	-	4.7%
Energy	-	1.7%
Healthcare	-	6.8%
Industrials	-	27.4%
Real Estate	-	-
Technology	-	12.9%
Utilities	-	0.1%

Return for Risk

COMT vs. DXJ — Risk / Return Rank

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

COMT

COMT Risk / Return Rank: 69
COMT Sharpe Ratio Rank: 64
COMT Sortino Ratio Rank: 60
COMT Omega Ratio Rank: 63
COMT Calmar Ratio Rank: 89
COMT Martin Ratio Rank: 70

DXJ

DXJ Risk / Return Rank: 90
DXJ Sharpe Ratio Rank: 92
DXJ Sortino Ratio Rank: 91
DXJ Omega Ratio Rank: 90
DXJ Calmar Ratio Rank: 88
DXJ Martin Ratio Rank: 89

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. DXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Commodities Select 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.

	COMT	DXJ	Difference
Sharpe ratio: Return per unit of total volatility	1.92	2.94	-1.02
Sortino ratio: Return per unit of downside risk	2.53	3.96	-1.43
Omega ratio: Gain probability vs. loss probability	1.34	1.53	-0.19
Calmar ratio: Return relative to maximum drawdown	4.99	4.70	+0.29
Martin ratio: Return relative to average drawdown	11.85	18.34	-6.49
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. DXJ - Sharpe Ratio Comparison

The current COMT Sharpe Ratio is 1.92, which is lower than the DXJ Sharpe Ratio of 2.94. The chart below compares the historical Sharpe Ratios of COMT and DXJ, 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	DXJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.92	2.94	-1.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	1.37	-0.77
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.91	-0.45
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.42	-0.23

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.

Drawdown Indicators

	COMT	DXJ	Difference
Max Drawdown Largest peak-to-trough decline	-51.89%	-49.63%	-2.26%
Max Drawdown (1Y) Largest decline over 1 year	-8.27%	-10.98%	+2.71%
Max Drawdown (3Y) Largest decline over 3 years	-13.31%	-22.19%	+8.88%
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 Drawdown Current decline from peak	-7.67%	-2.06%	-5.61%
Average Drawdown Average peak-to-trough decline	-24.05%	-14.33%	-9.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.47%	2.81%	+0.66%

Volatility

COMT vs. DXJ - Volatility Comparison

iShares Commodities Select Strategy ETF (COMT) has a higher volatility of 6.67% compared to WisdomTree Japan Hedged Equity Fund (DXJ) at 4.19%. This indicates that COMT's price experiences larger fluctuations and is considered to be riskier than DXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COMT	DXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.67%	4.19%	+2.48%
Volatility (6M) Calculated over the trailing 6-month period	19.03%	13.33%	+5.70%
Volatility (1Y) Calculated over the trailing 1-year period	21.50%	17.58%	+3.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.09%	19.00%	+2.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.90%	20.19%	-1.29%

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 5.71%, more than DXJ's 1.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COMT iShares Commodities Select Strategy ETF	5.71%	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	1.10%	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

Can I hold both COMT and DXJ in my portfolio?

COMT and DXJ have a correlation of -0.13, 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 DXJ?

COMT has higher volatility (6.67%) compared to DXJ (4.19%). In terms of maximum drawdown, COMT dropped -51.89% vs DXJ's -49.63%.

Which ETF is better, COMT or DXJ?

On 10-year performance, DXJ leads with 18.23% vs 8.65% for COMT. Both ETFs have the same 0.48% expense ratio. On volatility, DXJ has been the lower-risk option at 4.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COMT or DXJ?

Over the 10-year period, DXJ has performed better with a 18.23% return vs 8.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COMT or DXJ?

COMT and DXJ have the same expense ratio: 0.48% per year.

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

COMT has the higher dividend yield at 5.71%, compared with 1.10% for DXJ.

What is the main difference between COMT and DXJ?

COMT is categorized as Commodities, while DXJ is Japan Equities. They also come from different issuers: iShares and WisdomTree.

Which has better risk-adjusted returns?

DXJ currently has the higher Sharpe Ratio (2.94 vs 1.92), 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.