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COMT vs. HXQ.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

COMT vs. HXQ.TO

Last updated Jun 13, 2026

COMT (iShares Commodities Select Strategy ETF) and HXQ.TO (Horizons NASDAQ-100 Index ETF) are both exchange-traded funds - COMT is a Commodities fund actively managed by iShares, while HXQ.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. COMT is actively managed, while HXQ.TO is passively managed. Over the past 10 years, COMT returned 8.40%/yr vs 21.23%/yr for HXQ.TO. At a 0.09 correlation, their price movements are largely independent. COMT charges 0.48%/yr vs 0.25%/yr for HXQ.TO.

Performance

COMT vs. HXQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Commodities Select Strategy ETF (COMT) and Horizons NASDAQ-100 Index ETF (HXQ.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

COMT is traded in USD, while HXQ.TO is traded in CAD. To make them comparable, the HXQ.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, COMT achieves a 30.63% return, which is significantly higher than HXQ.TO's 17.23% return. Over the past 10 years, COMT has underperformed HXQ.TO with an annualized return of 8.40%, while HXQ.TO has yielded a comparatively higher 21.23% annualized return.

COMT

1D
-1.20%
1M
-9.35%
YTD
30.63%
6M
31.55%
1Y
33.50%
3Y*
14.44%
5Y*
11.79%
10Y*
8.40%

HXQ.TO

1D
0.55%
1M
0.92%
YTD
17.23%
6M
17.86%
1Y
36.33%
3Y*
26.37%
5Y*
16.50%
10Y*
21.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

COMT vs. HXQ.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
HXQ.TO
Horizons NASDAQ-100 Index ETF		17.17%20.55%25.37%54.85%-32.14%26.26%49.12%37.94%-1.57%32.06%

Correlation

The correlation between COMT and HXQ.TO is -0.20, 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

-0.20

Correlation (3Y)
Calculated over the trailing 3-year period

-0.04

Correlation (5Y)
Calculated over the trailing 5-year period

0.01

Correlation (10Y)
Calculated over the trailing 10-year period

0.09

Correlation (All Time)
Calculated using the full available price history since Apr 21, 2016

0.09

The correlation between COMT and HXQ.TO shifts across timeframes, from -0.20 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.

COMT vs. HXQ.TO - Sectors Allocation Comparison

Sectors
COMT
HXQ.TO

Financial Services

100.0%
0.3%

Basic Materials

-

1.0%

Communication Services

-

15.8%

Consumer Cyclical

-

13.2%

Consumer Defensive

-

4.4%

Energy

-

0.5%

Healthcare

-

4.4%

Industrials

-

3.1%

Real Estate

-

0.2%

Technology

-

55.9%

Utilities

-

1.4%

Financial Services

COMT
100.0%
HXQ.TO
0.3%

Basic Materials

COMT

-

HXQ.TO
1.0%

Communication Services

COMT

-

HXQ.TO
15.8%

Consumer Cyclical

COMT

-

HXQ.TO
13.2%

Consumer Defensive

COMT

-

HXQ.TO
4.4%

Energy

COMT

-

HXQ.TO
0.5%

Healthcare

COMT

-

HXQ.TO
4.4%

Industrials

COMT

-

HXQ.TO
3.1%

Real Estate

COMT

-

HXQ.TO
0.2%

Technology

COMT

-

HXQ.TO
55.9%

Utilities

COMT

-

HXQ.TO
1.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Commodities Select Strategy ETF

Horizons NASDAQ-100 Index ETF

Often compared with COMT:
COMT vs. PDBCCOMT vs. GSGCOMT vs. VCMDXCOMT vs. COMCOMT vs. CMDYCOMT vs. BCICOMT vs. FTGC
Often compared with HXQ.TO:
HXQ.TO vs. QQC.TOHXQ.TO vs. XQQ.TOHXQ.TO vs. VFV.TOHXQ.TO vs. QQQHXQ.TO vs. HXS.TOHXQ.TO vs. ZNQ.TOHXQ.TO vs. QQC-F.TO

Return for Risk

COMT vs. HXQ.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
COMT
COMT Risk / Return Rank: 5656
Overall Rank
COMT Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
COMT Sortino Ratio Rank: 4848
Sortino Ratio Rank
COMT Omega Ratio Rank: 5151
Omega Ratio Rank
COMT Calmar Ratio Rank: 7070
Calmar Ratio Rank
COMT Martin Ratio Rank: 5959
Martin Ratio Rank
HXQ.TO
HXQ.TO Risk / Return Rank: 7777
Overall Rank
HXQ.TO Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
HXQ.TO Sortino Ratio Rank: 8080
Sortino Ratio Rank
HXQ.TO Omega Ratio Rank: 8282
Omega Ratio Rank
HXQ.TO Calmar Ratio Rank: 7272
Calmar Ratio Rank
HXQ.TO Martin Ratio Rank: 6464
Martin Ratio Rank
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. HXQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Commodities Select Strategy ETF (COMT) and Horizons NASDAQ-100 Index ETF (HXQ.TO). 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.

COMTHXQ.TODifference
Sharpe ratioReturn per unit of total volatility
1.56
2.09

-0.53

Sortino ratioReturn per unit of downside risk
2.12
2.73

-0.61

Omega ratioGain probability vs. loss probability

1.28

1.38

-0.09

Calmar ratioReturn relative to maximum drawdown

3.07

3.05

+0.02

Martin ratioReturn relative to average drawdown

9.13

11.18

-2.05

COMT vs. HXQ.TO - Sharpe Ratio Comparison

The current COMT Sharpe Ratio is 1.56, which is comparable to the HXQ.TO Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of COMT and HXQ.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

COMT vs. HXQ.TO - Drawdown Comparison

The maximum COMT drawdown since its inception was -51.89%, which is greater than HXQ.TO's maximum drawdown of -35.78%. Use the drawdown chart below to compare losses from any high point for COMT and HXQ.TO.

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Drawdown Indicators

COMTHXQ.TODifference

Max Drawdown

Largest peak-to-trough decline

-51.89%

-35.78%

-16.11%

Max Drawdown (1Y)

Largest decline over 1 year

-10.98%

-11.98%

+1.00%

Max Drawdown (3Y)

Largest decline over 3 years

-13.31%

-22.85%

+9.54%

Max Drawdown (5Y)

Largest decline over 5 years

-29.00%

-35.78%

+6.78%

Max Drawdown (10Y)

Largest decline over 10 years

-39.22%

-35.78%

-3.44%

Current Drawdown

Current decline from peak

-10.98%

-3.52%

-7.46%

Average Drawdown

Average peak-to-trough decline

-24.02%

-6.35%

-17.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.68%

3.26%

+0.42%

Volatility

COMT vs. HXQ.TO - Volatility Comparison

The current volatility for iShares Commodities Select Strategy ETF (COMT) is 5.85%, while Horizons NASDAQ-100 Index ETF (HXQ.TO) has a volatility of 7.30%. This indicates that COMT experiences smaller price fluctuations and is considered to be less risky than HXQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

COMTHXQ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.85%

7.30%

-1.45%

Volatility (6M)

Calculated over the trailing 6-month period

19.18%

13.67%

+5.51%

Volatility (1Y)

Calculated over the trailing 1-year period

21.55%

17.43%

+4.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.11%

21.64%

-0.53%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.90%

21.58%

-2.68%

COMT vs. HXQ.TO - Expense Ratio Comparison

COMT has a 0.48% expense ratio, which is higher than HXQ.TO's 0.25% expense ratio.

Dividends

COMT vs. HXQ.TO - Dividend Comparison

COMT's dividend yield for the trailing twelve months is around 5.93%, while HXQ.TO has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%
HXQ.TO
Horizons NASDAQ-100 Index ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

COMT and HXQ.TO have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, HXQ.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HXQ.TO is cheaper with a 0.25% expense ratio, compared with 0.48% for COMT.

COMT is categorized as Commodities, while HXQ.TO is Nasdaq-100. They also come from different issuers: iShares and Horizons. Their fees differ too: 0.48% for COMT and 0.25% for HXQ.TO.

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