COMT vs. HGER
COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) and HGER (Harbor Commodity All-Weather Strategy ETF) are both Commodities funds - COMT tracks the S&P GSCI Dynamic Roll (USD) Total Return Index while HGER tracks the Quantix Commodity Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, COMT returned 11.11%/yr vs 17.05%/yr for HGER. Their correlation of 0.86 suggests significant overlap in exposure. COMT charges 0.48%/yr vs 0.68%/yr for HGER.
Performance
COMT vs. HGER - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, COMT achieves a 20.95% return, which is significantly higher than HGER's 15.91% return.
COMT
- 1D
- -2.37%
- 1M
- -14.00%
- YTD
- 20.95%
- 6M
- 19.91%
- 1Y
- 25.37%
- 3Y*
- 11.11%
- 5Y*
- 10.23%
- 10Y*
- 7.70%
HGER
- 1D
- -2.21%
- 1M
- -10.49%
- YTD
- 15.91%
- 6M
- 13.76%
- 1Y
- 26.85%
- 3Y*
- 17.05%
- 5Y*
- —
- 10Y*
- —
COMT vs. HGER - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 20.95% | 6.07% | 5.96% | -6.56% | 6.86% |
HGER Harbor Commodity All-Weather Strategy ETF | 15.91% | 20.08% | 9.25% | 1.93% | 9.66% |
Correlation
The correlation between COMT and HGER is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2022 | 0.86 |
The correlation between COMT and HGER has been stable across timeframes, ranging from 0.79 to 0.86 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
COMT vs. HGER — Risk / Return Rank
COMT
HGER
COMT vs. HGER - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) and Harbor Commodity All-Weather Strategy ETF (HGER). 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 | HGER | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.30 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 1.92 | -0.47 |
| Martin ratioReturn relative to average drawdown | 6.71 | 8.68 | -1.97 |
Loading charts...
Drawdowns
COMT vs. HGER - Drawdown Comparison
The maximum COMT drawdown since its inception was -51.89%, which is greater than HGER's maximum drawdown of -23.31%. Use the drawdown chart below to compare losses from any high point for COMT and HGER.
Loading charts...
Drawdown Indicators
| COMT | HGER | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.89% | -23.31% | -28.58% |
Max Drawdown (1Y)Largest decline over 1 year | -17.57% | -14.04% | -3.53% |
Max Drawdown (3Y)Largest decline over 3 years | -17.57% | -14.04% | -3.53% |
Max Drawdown (5Y)Largest decline over 5 years | -29.00% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.22% | — | — |
Current DrawdownCurrent decline from peak | -17.57% | -14.04% | -3.53% |
Average DrawdownAverage peak-to-trough decline | -24.00% | -7.68% | -16.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 3.10% | +0.69% |
Volatility
COMT vs. HGER - Volatility Comparison
iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) has a higher volatility of 5.32% compared to Harbor Commodity All-Weather Strategy ETF (HGER) at 4.01%. This indicates that COMT's price experiences larger fluctuations and is considered to be riskier than HGER based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| COMT | HGER | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.32% | 4.01% | +1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 19.40% | 15.08% | +4.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.28% | 16.99% | +4.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.15% | 17.61% | +3.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.87% | 17.61% | +1.26% |
COMT vs. HGER - Expense Ratio Comparison
COMT has a 0.48% expense ratio, which is lower than HGER's 0.68% expense ratio.
Dividends
COMT vs. HGER - Dividend Comparison
COMT's dividend yield for the trailing twelve months is around 6.40%, more than HGER's 6.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 6.40% | 7.74% | 4.90% | 5.19% | 29.79% | 17.79% | 0.36% | 2.61% | 11.65% | 5.16% | 0.52% | 1.44% |
HGER Harbor Commodity All-Weather Strategy ETF | 6.11% | 7.09% | 3.28% | 7.24% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
COMT and HGER have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COMT has higher volatility (5.32%) compared to HGER (4.01%). In terms of maximum drawdown, COMT dropped -51.89% vs HGER's -23.31%.
On 3-year performance, HGER leads with 17.05% vs 11.11% for COMT. On fees, COMT is cheaper at 0.48% per year. On volatility, HGER has been the lower-risk option at 4.01%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, HGER has performed better with a 17.05% return vs 11.11%. 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 0.68% for HGER.
COMT has the higher dividend yield at 6.40%, compared with 6.11% for HGER.
COMT tracks S&P GSCI Dynamic Roll (USD) Total Return Index, while HGER tracks Quantix Commodity Index - Benchmark TR Net. They also come from different issuers: iShares and Harbor. Their fees differ too: 0.48% for COMT and 0.68% for HGER.
HGER currently has the higher Sharpe Ratio (1.60 vs 1.21), 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.
Find the right allocation for COMT and HGER
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer