COMT vs. USE

Last updated Jul 15, 2026

COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) and USE (USCF Energy Commodity Strategy Absolute Return Fund) are both Commodities funds. COMT is passively managed, while USE is actively managed. Over the past 3 years, COMT returned 12.33%/yr vs 10.32%/yr for USE. A 0.78 correlation means they provide meaningful diversification when combined. COMT charges 0.48%/yr vs 0.79%/yr for USE.

Performance

COMT vs. USE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) and USCF Energy Commodity Strategy Absolute Return Fund (USE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with COMT having a 29.95% return and USE slightly higher at 31.03%.

COMT

• 1D: 0.59%
• 1M: -0.52%
• 6M: 24.58%
• YTD: 29.95%
• 1Y: 33.06%
• 3Y*: 12.33%
• 5Y*: 11.81%
• 10Y*: 8.27%

USE

• 1D: 2.06%
• 1M: -1.04%
• 6M: 26.47%
• YTD: 31.03%
• 1Y: 11.24%
• 3Y*: 10.32%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

COMT vs. USE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF	29.95%	6.07%	5.96%	4.61%
USE USCF Energy Commodity Strategy Absolute Return Fund	31.03%	-14.97%	22.58%	9.68%

Correlation

The correlation between COMT and USE is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (All Time) Calculated using the full available price history since May 4, 2023	0.78

The correlation between COMT and USE has been stable across timeframes, ranging from 0.74 to 0.78 - a consistent structural relationship.

Return for Risk

COMT vs. USE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

COMT

COMT Risk / Return Rank: 52
COMT Sharpe Ratio Rank: 57
COMT Sortino Ratio Rank: 55
COMT Omega Ratio Rank: 55
COMT Calmar Ratio Rank: 47
COMT Martin Ratio Rank: 48

USE

USE Risk / Return Rank: 15
USE Sharpe Ratio Rank: 15
USE Sortino Ratio Rank: 17
USE Omega Ratio Rank: 16
USE Calmar Ratio Rank: 15
USE Martin Ratio Rank: 14

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. USE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) and USCF Energy Commodity Strategy Absolute Return Fund (USE). 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	USE	Difference
Sharpe ratio: Return per unit of total volatility	1.54	0.34	+1.20
Sortino ratio: Return per unit of downside risk	2.13	0.73	+1.40
Omega ratio: Gain probability vs. loss probability	1.27	1.08	+0.19
Calmar ratio: Return relative to maximum drawdown	1.89	0.40	+1.49
Martin ratio: Return relative to average drawdown	6.43	0.75	+5.68

COMT vs. USE - Sharpe Ratio Comparison

The current COMT Sharpe Ratio is 1.54, which is higher than the USE Sharpe Ratio of 0.34. The chart below compares the historical Sharpe Ratios of COMT and USE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

COMT vs. USE - Drawdown Comparison

The maximum COMT drawdown since its inception was -51.89%, which is greater than USE's maximum drawdown of -28.17%. Use the drawdown chart below to compare losses from any high point for COMT and USE.

Drawdown Indicators

	COMT	USE	Difference
Max Drawdown Largest peak-to-trough decline	-51.89%	-28.17%	-23.72%
Max Drawdown (1Y) Largest decline over 1 year	-17.57%	-28.17%	+10.60%
Max Drawdown (3Y) Largest decline over 3 years	-17.57%	-28.17%	+10.60%
Max Drawdown (5Y) Largest decline over 5 years	-29.00%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.22%	—	—
Current Drawdown Current decline from peak	-11.44%	-15.79%	+4.35%
Average Drawdown Average peak-to-trough decline	-23.96%	-8.36%	-15.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.15%	14.97%	-9.82%

Volatility

COMT vs. USE - Volatility Comparison

The current volatility for iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) is 6.15%, while USCF Energy Commodity Strategy Absolute Return Fund (USE) has a volatility of 14.10%. This indicates that COMT experiences smaller price fluctuations and is considered to be less risky than USE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COMT	USE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.15%	14.10%	-7.95%
Volatility (6M) Calculated over the trailing 6-month period	19.69%	29.42%	-9.73%
Volatility (1Y) Calculated over the trailing 1-year period	21.56%	33.12%	-11.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.20%	27.98%	-6.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.86%	27.98%	-9.12%

COMT vs. USE - Expense Ratio Comparison

COMT has a 0.48% expense ratio, which is lower than USE's 0.79% expense ratio.

Dividends

COMT vs. USE - Dividend Comparison

COMT's dividend yield for the trailing twelve months is around 5.96%, more than USE's 2.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF	5.96%	7.74%	4.90%	5.19%	29.79%	17.79%	0.36%	2.61%	11.65%	5.16%	0.52%	1.44%
USE USCF Energy Commodity Strategy Absolute Return Fund	2.34%	3.06%	38.65%	4.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both COMT and USE in my portfolio?

COMT and USE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COMT or USE?

USE has higher volatility (14.10%) compared to COMT (6.15%). In terms of maximum drawdown, COMT dropped -51.89% vs USE's -28.17%.

Which ETF is better, COMT or USE?

On 3-year performance, COMT leads with 12.33% vs 10.32% for USE. On fees, COMT is cheaper at 0.48% per year. On volatility, COMT has been the lower-risk option at 6.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COMT or USE?

Over the 3-year period, COMT has performed better with a 12.33% return vs 10.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COMT or USE?

COMT is cheaper with a 0.48% expense ratio, compared with 0.79% for USE.

Which ETF pays a higher dividend yield, COMT or USE?

COMT has the higher dividend yield at 5.96%, compared with 2.34% for USE.

What is the main difference between COMT and USE?

They also come from different issuers: iShares and USCF. Their fees differ too: 0.48% for COMT and 0.79% for USE.

Which has better risk-adjusted returns?

COMT currently has the higher Sharpe Ratio (1.54 vs 0.34), 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.