COMT vs. RLY
COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) and RLY (State Street Multi-Asset Real Return ETF) are both exchange-traded funds - COMT is a Commodities fund tracking the S&P GSCI Dynamic Roll (USD) Total Return Index, while RLY is a Global Allocation fund tracking the Bloomberg U.S. Government Inflation-Linked Bond Index. Both are passively managed. Over the past 10 years, COMT returned 8.65%/yr vs 8.16%/yr for RLY. Their 0.70 correlation means they have sometimes moved together and sometimes differently. COMT charges 0.48%/yr vs 0.50%/yr for RLY.
Performance
COMT vs. RLY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, COMT achieves a 29.71% return, which is significantly higher than RLY's 15.29% return. Over the past 10 years, COMT has outperformed RLY with an annualized return of 8.65%, while RLY has yielded a comparatively lower 8.16% annualized 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%
RLY
- 1D
- -0.42%
- 1M
- 3.64%
- 6M
- 8.40%
- YTD
- 15.29%
- 1Y
- 27.11%
- 3Y*
- 12.93%
- 5Y*
- 10.64%
- 10Y*
- 8.16%
- ALL TIME*
- 4.75%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.37M | $10.68M | $14.03M | |
| $5.13M | $7.99M | $7.88M |
COMT vs. RLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 29.71% | 6.07% | 5.96% | -6.56% | 19.45% | 36.88% | -18.66% | 10.81% | -6.67% | 11.70% |
RLY State Street Multi-Asset Real Return ETF | 15.29% | 20.26% | 2.53% | 2.56% | 7.86% | 22.85% | -0.59% | 15.63% | -11.72% | 10.40% |
Correlation
The correlation between COMT and RLY is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.51 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.65 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2014 | 0.70 |
The correlation between COMT and RLY shifts across timeframes, from 0.51 (1 year) to 0.70 (all time), reflecting how their relationship changes across market environments.
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. RLY — Risk / Return Rank
COMT
RLY
COMT vs. RLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) and State Street Multi-Asset Real Return ETF (RLY). 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 | RLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.47 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 3.61 | -1.76 |
| Martin ratioReturn relative to average drawdown | 5.74 | 12.56 | -6.82 |
Loading charts...
Drawdowns
COMT vs. RLY - Drawdown Comparison
The maximum COMT drawdown since its inception was -51.89%, which is greater than RLY's maximum drawdown of -37.75%. Use the drawdown chart below to compare losses from any high point for COMT and RLY.
Loading charts...
Drawdown Indicators
| COMT | RLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.89% | -37.75% | -14.14% |
Max Drawdown (1Y)Largest decline over 1 year | -17.57% | -7.54% | -10.03% |
Max Drawdown (3Y)Largest decline over 3 years | -17.57% | -10.08% | -7.49% |
Max Drawdown (5Y)Largest decline over 5 years | -29.00% | -18.94% | -10.06% |
Max Drawdown (10Y)Largest decline over 10 years | -39.22% | -34.17% | -5.05% |
Current DrawdownCurrent decline from peak | -11.61% | -3.15% | -8.46% |
Average DrawdownAverage peak-to-trough decline | -23.90% | -9.40% | -14.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.65% | 2.16% | +3.49% |
Volatility
COMT vs. RLY - Volatility Comparison
iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) has a higher volatility of 5.28% compared to State Street Multi-Asset Real Return ETF (RLY) at 2.61%. This indicates that COMT's price experiences larger fluctuations and is considered to be riskier than RLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| COMT | RLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.28% | 2.61% | +2.67% |
Volatility (6M)Calculated over the trailing 6-month period | 19.54% | 8.06% | +11.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.66% | 10.61% | +11.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.10% | 13.46% | +7.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.86% | 13.80% | +5.06% |
COMT vs. RLY - Expense Ratio Comparison
COMT has a 0.48% expense ratio, which is lower than RLY's 0.50% expense ratio.
Dividends
COMT vs. RLY - Dividend Comparison
COMT's dividend yield for the trailing twelve months is around 5.97%, more than RLY's 3.07% yield.
| 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% |
RLY State Street Multi-Asset Real Return ETF | 3.07% | 3.24% | 3.31% | 3.71% | 5.66% | 12.15% | 2.16% | 3.45% | 2.76% | 1.85% | 2.07% | 1.80% |
Frequently Asked Questions
COMT and RLY have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COMT has higher volatility (5.28%) compared to RLY (2.61%). In terms of maximum drawdown, COMT dropped -51.89% vs RLY's -37.75%.
On 10-year performance, COMT leads with 8.65% vs 8.16% for RLY. On fees, COMT is cheaper at 0.48% per year. On volatility, RLY has been the lower-risk option at 2.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, COMT has performed better with a 8.65% return vs 8.16%. 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 0.50% for RLY.
COMT has the higher dividend yield at 5.97%, compared with 3.07% for RLY.
COMT is categorized as Commodities, while RLY is Global Allocation. COMT tracks S&P GSCI Dynamic Roll (USD) Total Return Index, while RLY tracks Bloomberg U.S. Government Inflation-Linked Bond Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.48% for COMT and 0.50% for RLY.
RLY currently has the higher Sharpe Ratio (2.57 vs 1.50), 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 RLY
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