COMT vs. IBIT
COMT (iShares Commodities Select Strategy ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - COMT is a Commodities fund actively managed by iShares, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. COMT is actively managed, while IBIT is passively managed. Over the past year, COMT returned 47.51% vs -38.74% for IBIT. At a 0.06 correlation, their price movements are largely independent. COMT charges 0.48%/yr vs 0.25%/yr for IBIT.
Performance
COMT vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, COMT achieves a 39.67% return, which is significantly higher than IBIT's -25.48% return.
COMT
- 1D
- 0.78%
- 1M
- -4.35%
- YTD
- 39.67%
- 6M
- 39.06%
- 1Y
- 47.51%
- 3Y*
- 16.86%
- 5Y*
- 13.50%
- 10Y*
- 9.09%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COMT vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
COMT iShares Commodities Select Strategy ETF | 39.67% | 6.07% | 5.62% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between COMT and IBIT is -0.02, 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 | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.06 |
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Return for Risk
COMT vs. IBIT — Risk / Return Rank
COMT
IBIT
COMT vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Commodities Select Strategy ETF (COMT) and iShares Bitcoin Trust ETF (IBIT). 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.
| COMT | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.13 | ||
| Sortino ratioReturn per unit of downside risk | +4.11 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 0.86 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 5.95 | -0.79 | +6.74 |
| Martin ratioReturn relative to average drawdown | 14.11 | -1.36 | +15.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| COMT | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.24 | -0.89 | +3.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.30 | -0.09 |
Drawdowns
COMT vs. IBIT - Drawdown Comparison
The maximum COMT drawdown since its inception was -51.89%, which is greater than IBIT's maximum drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for COMT and IBIT.
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Drawdown Indicators
| COMT | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.89% | -49.36% | -2.53% |
Max Drawdown (1Y)Largest decline over 1 year | -8.02% | -49.36% | +41.34% |
Max Drawdown (3Y)Largest decline over 3 years | -13.31% | — | — |
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 | -4.82% | -48.10% | +43.28% |
Average DrawdownAverage peak-to-trough decline | -24.07% | -16.02% | -8.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 28.44% | -25.06% |
Volatility
COMT vs. IBIT - Volatility Comparison
The current volatility for iShares Commodities Select Strategy ETF (COMT) is 7.37%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that COMT experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COMT | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.37% | 9.50% | -2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 18.80% | 34.44% | -15.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.29% | 43.73% | -22.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.06% | 50.19% | -29.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.89% | 50.19% | -31.30% |
COMT vs. IBIT - Expense Ratio Comparison
COMT has a 0.48% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
COMT vs. IBIT - Dividend Comparison
COMT's dividend yield for the trailing twelve months is around 5.54%, while IBIT 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 | 5.54% | 7.74% | 4.90% | 5.19% | 29.79% | 17.79% | 0.36% | 2.61% | 11.65% | 5.16% | 0.52% | 1.44% |
IBIT iShares Bitcoin Trust 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 IBIT have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.50%) compared to COMT (7.37%). In terms of maximum drawdown, COMT dropped -51.89% vs IBIT's -49.36%.
On 1-year performance, COMT leads with 47.51% vs -38.74% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, COMT has been the lower-risk option at 7.37%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, COMT has performed better with a 47.51% return vs -38.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.48% for COMT.
COMT has the higher dividend yield at 5.54%, compared with 0.00% for IBIT.
COMT is categorized as Commodities, while IBIT is Cryptocurrency. Their fees differ too: 0.48% for COMT and 0.25% for IBIT.
COMT currently has the higher Sharpe Ratio (2.24 vs -0.89), 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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