COMT vs. FEZ
COMT (iShares Commodities Select Strategy ETF) and FEZ (State Street SPDR EURO STOXX 50 ETF) are both exchange-traded funds - COMT is a Commodities fund actively managed by iShares, while FEZ is a Europe Equities fund tracking the EURO STOXX 50 Index. COMT is actively managed, while FEZ is passively managed. Over the past 10 years, COMT returned 8.40%/yr vs 11.34%/yr for FEZ. At a 0.29 correlation, their price movements are largely independent. COMT charges 0.48%/yr vs 0.29%/yr for FEZ.
Performance
COMT vs. FEZ - Performance Comparison
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Returns By Period
In the year-to-date period, COMT achieves a 30.63% return, which is significantly higher than FEZ's 7.29% return. Over the past 10 years, COMT has underperformed FEZ with an annualized return of 8.40%, while FEZ has yielded a comparatively higher 11.34% annualized return.
COMT
- 1D
- -1.20%
- 1M
- -9.42%
- YTD
- 30.63%
- 6M
- 31.55%
- 1Y
- 29.80%
- 3Y*
- 14.44%
- 5Y*
- 11.79%
- 10Y*
- 8.40%
FEZ
- 1D
- 0.09%
- 1M
- 6.20%
- YTD
- 7.29%
- 6M
- 8.07%
- 1Y
- 19.95%
- 3Y*
- 17.98%
- 5Y*
- 10.21%
- 10Y*
- 11.34%
COMT vs. FEZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COMT iShares Commodities Select Strategy ETF | 30.63% | 6.07% | 5.96% | -6.56% | 19.45% | 36.88% | -18.66% | 10.81% | -6.67% | 11.70% |
FEZ State Street SPDR EURO STOXX 50 ETF | 7.29% | 37.81% | 3.57% | 27.16% | -14.27% | 14.84% | 4.84% | 26.04% | -15.85% | 24.80% |
Correlation
The correlation between COMT and FEZ is -0.29, 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 | -0.29 |
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 | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2014 | 0.29 |
The correlation between COMT and FEZ shifts across timeframes, from -0.29 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
COMT vs. FEZ — Risk / Return Rank
COMT
FEZ
COMT vs. FEZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Commodities Select Strategy ETF (COMT) and State Street SPDR EURO STOXX 50 ETF (FEZ). 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 | FEZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.17 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 1.29 | +1.77 |
| Martin ratioReturn relative to average drawdown | 9.13 | 4.40 | +4.73 |
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Drawdowns
COMT vs. FEZ - Drawdown Comparison
The maximum COMT drawdown since its inception was -51.89%, smaller than the maximum FEZ drawdown of -64.21%. Use the drawdown chart below to compare losses from any high point for COMT and FEZ.
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Drawdown Indicators
| COMT | FEZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.89% | -64.21% | +12.32% |
Max Drawdown (1Y)Largest decline over 1 year | -10.98% | -13.63% | +2.65% |
Max Drawdown (3Y)Largest decline over 3 years | -13.31% | -15.85% | +2.54% |
Max Drawdown (5Y)Largest decline over 5 years | -29.00% | -35.05% | +6.05% |
Max Drawdown (10Y)Largest decline over 10 years | -39.22% | -39.69% | +0.47% |
Current DrawdownCurrent decline from peak | -10.98% | -0.37% | -10.61% |
Average DrawdownAverage peak-to-trough decline | -24.02% | -17.05% | -6.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.68% | 4.01% | -0.33% |
Volatility
COMT vs. FEZ - Volatility Comparison
The current volatility for iShares Commodities Select Strategy ETF (COMT) is 5.85%, while State Street SPDR EURO STOXX 50 ETF (FEZ) has a volatility of 6.57%. This indicates that COMT experiences smaller price fluctuations and is considered to be less risky than FEZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COMT | FEZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.85% | 6.57% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 19.18% | 15.48% | +3.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.55% | 18.45% | +3.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.11% | 20.70% | +0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.90% | 21.11% | -2.21% |
COMT vs. FEZ - Expense Ratio Comparison
COMT has a 0.48% expense ratio, which is higher than FEZ's 0.29% expense ratio.
Dividends
COMT vs. FEZ - Dividend Comparison
COMT's dividend yield for the trailing twelve months is around 5.93%, more than FEZ's 2.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMT iShares Commodities Select Strategy ETF | 5.93% | 7.74% | 4.90% | 5.19% | 29.79% | 17.79% | 0.36% | 2.61% | 11.65% | 5.16% | 0.52% | 1.44% |
FEZ State Street SPDR EURO STOXX 50 ETF | 2.52% | 2.78% | 2.94% | 2.75% | 3.06% | 2.61% | 2.13% | 2.61% | 3.45% | 2.44% | 3.35% | 3.03% |
Frequently Asked Questions
COMT and FEZ have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FEZ has higher volatility (6.57%) compared to COMT (5.85%). In terms of maximum drawdown, COMT dropped -51.89% vs FEZ's -64.21%.
On 10-year performance, FEZ leads with 11.34% vs 8.40% for COMT. On fees, FEZ is cheaper at 0.29% per year. On volatility, COMT has been the lower-risk option at 5.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FEZ has performed better with a 11.34% return vs 8.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FEZ is cheaper with a 0.29% expense ratio, compared with 0.48% for COMT.
COMT has the higher dividend yield at 5.93%, compared with 2.52% for FEZ.
COMT is categorized as Commodities, while FEZ is Europe Equities. They also come from different issuers: iShares and State Street. Their fees differ too: 0.48% for COMT and 0.29% for FEZ.
COMT currently has the higher Sharpe Ratio (1.56 vs 0.96), 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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