COMT vs. EWZ
COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) and EWZ (iShares MSCI Brazil ETF) are both exchange-traded funds - COMT is a Commodities fund tracking the S&P GSCI Dynamic Roll (USD) Total Return Index, while EWZ is a Latin America Equities fund tracking the MSCI Brazil 25/50 Index. Both are passively managed. Over the past 10 years, COMT returned 7.87%/yr vs 6.86%/yr for EWZ. At a 0.36 correlation, their price movements are largely independent. COMT charges 0.48%/yr vs 0.59%/yr for EWZ.
Performance
COMT vs. EWZ - Performance Comparison
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Returns By Period
In the year-to-date period, COMT achieves a 26.00% return, which is significantly higher than EWZ's 14.17% return. Over the past 10 years, COMT has outperformed EWZ with an annualized return of 7.87%, while EWZ has yielded a comparatively lower 6.86% annualized return.
COMT
- 1D
- -0.17%
- 1M
- -4.70%
- 6M
- 23.49%
- YTD
- 26.00%
- 1Y
- 27.75%
- 3Y*
- 11.57%
- 5Y*
- 11.09%
- 10Y*
- 7.87%
EWZ
- 1D
- 2.77%
- 1M
- 4.20%
- 6M
- 9.71%
- YTD
- 14.17%
- 1Y
- 36.37%
- 3Y*
- 10.52%
- 5Y*
- 6.56%
- 10Y*
- 6.86%
COMT vs. EWZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 26.00% | 6.07% | 5.96% | -6.56% | 19.45% | 36.88% | -18.66% | 10.81% | -6.67% | 11.70% |
EWZ iShares MSCI Brazil ETF | 14.17% | 48.81% | -30.41% | 32.62% | 12.09% | -17.32% | -20.35% | 27.67% | -2.52% | 23.62% |
Correlation
The correlation between COMT and EWZ is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2014 | 0.36 |
The correlation between COMT and EWZ shifts across timeframes, from -0.04 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
COMT vs. EWZ — Risk / Return Rank
COMT
EWZ
COMT vs. EWZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) and iShares MSCI Brazil ETF (EWZ). 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 | EWZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 1.85 | -0.18 |
| Martin ratioReturn relative to average drawdown | 5.78 | 4.94 | +0.85 |
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Drawdowns
COMT vs. EWZ - Drawdown Comparison
The maximum COMT drawdown since its inception was -51.89%, smaller than the maximum EWZ drawdown of -77.25%. Use the drawdown chart below to compare losses from any high point for COMT and EWZ.
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Drawdown Indicators
| COMT | EWZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.89% | -77.25% | +25.36% |
Max Drawdown (1Y)Largest decline over 1 year | -17.57% | -19.27% | +1.70% |
Max Drawdown (3Y)Largest decline over 3 years | -17.57% | -31.36% | +13.79% |
Max Drawdown (5Y)Largest decline over 5 years | -29.00% | -32.24% | +3.24% |
Max Drawdown (10Y)Largest decline over 10 years | -39.22% | -56.99% | +17.77% |
Current DrawdownCurrent decline from peak | -14.13% | -20.49% | +6.36% |
Average DrawdownAverage peak-to-trough decline | -23.97% | -35.90% | +11.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.05% | 7.20% | -2.15% |
Volatility
COMT vs. EWZ - Volatility Comparison
iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) and iShares MSCI Brazil ETF (EWZ) have volatilities of 5.68% and 5.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COMT | EWZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.68% | 5.74% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 19.60% | 19.70% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.45% | 24.98% | -3.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.17% | 27.60% | -6.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 33.90% | -15.06% |
COMT vs. EWZ - Expense Ratio Comparison
COMT has a 0.48% expense ratio, which is lower than EWZ's 0.59% expense ratio.
Dividends
COMT vs. EWZ - Dividend Comparison
COMT's dividend yield for the trailing twelve months is around 6.14%, more than EWZ's 4.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 6.14% | 7.74% | 4.90% | 5.19% | 29.79% | 17.79% | 0.36% | 2.61% | 11.65% | 5.16% | 0.52% | 1.44% |
EWZ iShares MSCI Brazil ETF | 4.07% | 5.19% | 8.91% | 5.66% | 12.59% | 9.87% | 1.71% | 2.54% | 2.89% | 1.71% | 1.81% | 4.08% |
Frequently Asked Questions
COMT and EWZ have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EWZ has higher volatility (5.74%) compared to COMT (5.68%). In terms of maximum drawdown, COMT dropped -51.89% vs EWZ's -77.25%.
On 10-year performance, COMT leads with 7.87% vs 6.86% for EWZ. On fees, COMT is cheaper at 0.48% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, COMT has performed better with a 7.87% return vs 6.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
COMT is cheaper with a 0.48% expense ratio, compared with 0.59% for EWZ.
COMT has the higher dividend yield at 6.14%, compared with 4.07% for EWZ.
COMT is categorized as Commodities, while EWZ is Latin America Equities. COMT tracks S&P GSCI Dynamic Roll (USD) Total Return Index, while EWZ tracks MSCI Brazil 25/50 Index. Their fees differ too: 0.48% for COMT and 0.59% for EWZ.
EWZ currently has the higher Sharpe Ratio (1.43 vs 1.36), 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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