COMT vs. HXT.TO
COMT (iShares Commodities Select Strategy ETF) and HXT.TO (Global X S&P/TSX 60 Index Corporate Class ETF) are both exchange-traded funds - COMT is a Commodities fund actively managed by iShares, while HXT.TO is a Canada Equities fund tracking the S&P/TSX 60 Index (Total Return). COMT is actively managed, while HXT.TO is passively managed. Over the past 10 years, COMT returned 8.40%/yr vs 12.16%/yr for HXT.TO. At a 0.32 correlation, their price movements are largely independent. COMT charges 0.48%/yr vs 0.08%/yr for HXT.TO.
Performance
COMT vs. HXT.TO - Performance Comparison
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Different Trading Currencies
COMT is traded in USD, while HXT.TO is traded in CAD. To make them comparable, the HXT.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 HXT.TO's 8.98% return. Over the past 10 years, COMT has underperformed HXT.TO with an annualized return of 8.40%, while HXT.TO has yielded a comparatively higher 12.16% 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%
HXT.TO
- 1D
- 0.44%
- 1M
- 2.51%
- YTD
- 8.98%
- 6M
- 10.34%
- 1Y
- 29.22%
- 3Y*
- 21.13%
- 5Y*
- 11.32%
- 10Y*
- 12.16%
COMT vs. HXT.TO - 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% |
HXT.TO Global X S&P/TSX 60 Index Corporate Class ETF | 8.98% | 34.90% | 11.50% | 14.75% | -11.86% | 28.17% | 7.92% | 27.43% | -15.03% | 17.74% |
Correlation
The correlation between COMT and HXT.TO 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 | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2014 | 0.32 |
The correlation between COMT and HXT.TO shifts across timeframes, from -0.13 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
COMT vs. HXT.TO — Risk / Return Rank
COMT
HXT.TO
COMT vs. HXT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Commodities Select Strategy ETF (COMT) and Global X S&P/TSX 60 Index Corporate Class ETF (HXT.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.
| COMT | HXT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.41 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 3.61 | -0.54 |
| Martin ratioReturn relative to average drawdown | 9.13 | 15.47 | -6.35 |
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Drawdowns
COMT vs. HXT.TO - Drawdown Comparison
The maximum COMT drawdown since its inception was -51.89%, smaller than the maximum HXT.TO drawdown of -67.62%. Use the drawdown chart below to compare losses from any high point for COMT and HXT.TO.
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Drawdown Indicators
| COMT | HXT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.89% | -67.62% | +15.73% |
Max Drawdown (1Y)Largest decline over 1 year | -10.98% | -8.16% | -2.82% |
Max Drawdown (3Y)Largest decline over 3 years | -13.31% | -12.43% | -0.88% |
Max Drawdown (5Y)Largest decline over 5 years | -29.00% | -24.08% | -4.92% |
Max Drawdown (10Y)Largest decline over 10 years | -39.22% | -41.00% | +1.78% |
Current DrawdownCurrent decline from peak | -10.98% | -0.78% | -10.20% |
Average DrawdownAverage peak-to-trough decline | -24.02% | -31.05% | +7.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.68% | 1.90% | +1.78% |
Volatility
COMT vs. HXT.TO - Volatility Comparison
iShares Commodities Select Strategy ETF (COMT) has a higher volatility of 5.85% compared to Global X S&P/TSX 60 Index Corporate Class ETF (HXT.TO) at 3.91%. This indicates that COMT's price experiences larger fluctuations and is considered to be riskier than HXT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COMT | HXT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.85% | 3.91% | +1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 19.18% | 10.00% | +9.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.55% | 12.77% | +8.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.11% | 14.47% | +6.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.90% | 16.58% | +2.32% |
COMT vs. HXT.TO - Expense Ratio Comparison
COMT has a 0.48% expense ratio, which is higher than HXT.TO's 0.08% expense ratio.
Dividends
COMT vs. HXT.TO - Dividend Comparison
COMT's dividend yield for the trailing twelve months is around 5.93%, while HXT.TO has not paid dividends to shareholders.
| 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% |
HXT.TO Global X S&P/TSX 60 Index Corporate Class 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 HXT.TO 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.
On fees, HXT.TO is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HXT.TO is cheaper with a 0.08% expense ratio, compared with 0.48% for COMT.
COMT is categorized as Commodities, while HXT.TO is Canada Equities. They also come from different issuers: iShares and Global X. Their fees differ too: 0.48% for COMT and 0.08% for HXT.TO.
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