COMT vs. IBIT
COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - COMT is a Commodities fund tracking the S&P GSCI Dynamic Roll (USD) Total Return Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, COMT returned 32.33% vs -43.69% for IBIT. Their 0.06 correlation means their historical movements had little consistent relationship. 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 29.71% return, which is significantly higher than IBIT's -27.17% return.
COMT
- 1D
- -1.07%
- 1M
- 6.95%
- 6M
- 22.67%
- YTD
- 29.71%
- 1Y
- 32.33%
- 3Y*
- 10.69%
- 5Y*
- 11.95%
- 10Y*
- 8.65%
- ALL TIME*
- 3.32%
IBIT
- 1D
- 1.46%
- 1M
- 3.70%
- 6M
- -18.23%
- YTD
- -27.17%
- 1Y
- -43.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.37M | $10.68M | $14.03M | |
| $1.33B | $1.34B | $1.65B |
COMT vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 29.71% | 6.07% | 6.51% |
IBIT iShares Bitcoin Trust ETF | -27.17% | -6.41% | 89.87% |
Correlation
The correlation between COMT and IBIT is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 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 GSCI Commodity Dynamic Roll 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.
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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.49 | ||
| Sortino ratioReturn per unit of downside risk | +3.52 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.84 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | -0.82 | +2.67 |
| Martin ratioReturn relative to average drawdown | 5.74 | -1.26 | +6.99 |
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Drawdowns
COMT vs. IBIT - Drawdown Comparison
The maximum COMT drawdown since its inception was -51.89%, roughly equal to the maximum IBIT drawdown of -53.30%. 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% | -53.30% | +1.41% |
Max Drawdown (1Y)Largest decline over 1 year | -17.57% | -53.30% | +35.73% |
Max Drawdown (3Y)Largest decline over 3 years | -17.57% | — | — |
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 | -11.61% | -49.28% | +37.67% |
Average DrawdownAverage peak-to-trough decline | -23.90% | -18.29% | -5.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.65% | 34.80% | -29.15% |
Volatility
COMT vs. IBIT - Volatility Comparison
The current volatility for iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) is 5.28%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 8.98%. 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 | 5.28% | 8.98% | -3.70% |
Volatility (6M)Calculated over the trailing 6-month period | 19.54% | 33.79% | -14.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.66% | 44.48% | -22.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.10% | 49.57% | -28.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.86% | 49.57% | -30.71% |
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 5.97%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 5.97% | 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 -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (8.98%) compared to COMT (5.28%). In terms of maximum drawdown, COMT dropped -51.89% vs IBIT's -53.30%.
On 1-year performance, COMT leads with 32.33% vs -43.69% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, COMT has been the lower-risk option at 5.28%. 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 32.33% return vs -43.69%. 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 5.97%, compared with 0.00% for IBIT.
COMT is categorized as Commodities, while IBIT is Cryptocurrency. COMT tracks S&P GSCI Dynamic Roll (USD) Total Return Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.48% for COMT and 0.25% for IBIT.
COMT currently has the higher Sharpe Ratio (1.50 vs -0.99), 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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