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COMT vs. XEF.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

COMT vs. XEF.TO

Last updated Jun 9, 2026

COMT (iShares Commodities Select Strategy ETF) and XEF.TO (iShares Core MSCI EAFE IMI Index ETF) are both exchange-traded funds - COMT is a Commodities fund actively managed by iShares, while XEF.TO is a Foreign Large Cap Equities fund tracking the MSCI EAFE Investable Market Index (CAD). COMT is actively managed, while XEF.TO is passively managed. Over the past 10 years, COMT returned 8.65%/yr vs 9.10%/yr for XEF.TO. At a 0.14 correlation, their price movements are largely independent. COMT charges 0.48%/yr vs 0.23%/yr for XEF.TO.

Performance

COMT vs. XEF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Commodities Select Strategy ETF (COMT) and iShares Core MSCI EAFE IMI Index ETF (XEF.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

COMT is traded in USD, while XEF.TO is traded in CAD. To make them comparable, the XEF.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 35.49% return, which is significantly higher than XEF.TO's 7.03% return. Over the past 10 years, COMT has underperformed XEF.TO with an annualized return of 8.65%, while XEF.TO has yielded a comparatively higher 9.10% annualized return.

COMT

1D
0.65%
1M
-2.46%
YTD
35.49%
6M
35.13%
1Y
41.04%
3Y*
15.85%
5Y*
12.68%
10Y*
8.65%

XEF.TO

1D
0.24%
1M
-1.35%
YTD
7.03%
6M
9.68%
1Y
18.93%
3Y*
15.92%
5Y*
7.57%
10Y*
9.10%
*Multi-year figures are annualized to reflect compound growth (CAGR)

COMT vs. XEF.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
COMT
iShares Commodities Select Strategy ETF		35.49%6.07%5.96%-6.56%19.45%36.88%-18.66%10.81%-6.67%11.70%
XEF.TO
iShares Core MSCI EAFE IMI Index ETF		7.03%31.70%3.30%18.02%-14.92%10.41%8.71%20.83%-13.90%26.79%

Correlation

The correlation between COMT and XEF.TO is -0.26, 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

-0.26

Correlation (3Y)
Calculated over the trailing 3-year period

-0.05

Correlation (5Y)
Calculated over the trailing 5-year period

0.05

Correlation (10Y)
Calculated over the trailing 10-year period

0.14

Correlation (All Time)
Calculated using the full available price history since Oct 17, 2014

0.14

The correlation between COMT and XEF.TO shifts across timeframes, from -0.26 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.

COMT vs. XEF.TO - Sectors Allocation Comparison

Sectors
COMT
XEF.TO

Financial Services

100.0%
22.9%

Basic Materials

-

6.6%

Communication Services

-

4.4%

Consumer Cyclical

-

8.2%

Consumer Defensive

-

6.4%

Energy

-

4.0%

Healthcare

-

9.8%

Industrials

-

20.5%

Real Estate

-

3.1%

Technology

-

10.2%

Utilities

-

3.8%

Financial Services

COMT
100.0%
XEF.TO
22.9%

Basic Materials

COMT

-

XEF.TO
6.6%

Communication Services

COMT

-

XEF.TO
4.4%

Consumer Cyclical

COMT

-

XEF.TO
8.2%

Consumer Defensive

COMT

-

XEF.TO
6.4%

Energy

COMT

-

XEF.TO
4.0%

Healthcare

COMT

-

XEF.TO
9.8%

Industrials

COMT

-

XEF.TO
20.5%

Real Estate

COMT

-

XEF.TO
3.1%

Technology

COMT

-

XEF.TO
10.2%

Utilities

COMT

-

XEF.TO
3.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Commodities Select Strategy ETF

iShares Core MSCI EAFE IMI Index ETF

Often compared with COMT:
COMT vs. PDBCCOMT vs. GSGCOMT vs. VCMDXCOMT vs. COMCOMT vs. CMDYCOMT vs. BCICOMT vs. FTGC
Often compared with XEF.TO:
XEF.TO vs. XEC.TOXEF.TO vs. VIU.TOXEF.TO vs. ZEA.TOXEF.TO vs. XFH.TOXEF.TO vs. IEFAXEF.TO vs. XIC.TOXEF.TO vs. XEF-U.TO

Return for Risk

COMT vs. XEF.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
COMT
COMT Risk / Return Rank: 6969
Overall Rank
COMT Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
COMT Sortino Ratio Rank: 6060
Sortino Ratio Rank
COMT Omega Ratio Rank: 6363
Omega Ratio Rank
COMT Calmar Ratio Rank: 8989
Calmar Ratio Rank
COMT Martin Ratio Rank: 7070
Martin Ratio Rank
XEF.TO
XEF.TO Risk / Return Rank: 4848
Overall Rank
XEF.TO Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
XEF.TO Sortino Ratio Rank: 5050
Sortino Ratio Rank
XEF.TO Omega Ratio Rank: 5050
Omega Ratio Rank
XEF.TO Calmar Ratio Rank: 4242
Calmar Ratio Rank
XEF.TO Martin Ratio Rank: 4949
Martin Ratio Rank
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. XEF.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Commodities Select Strategy ETF (COMT) and iShares Core MSCI EAFE IMI Index ETF (XEF.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.

COMTXEF.TODifference
Sharpe ratioReturn per unit of total volatility
1.92
1.28

+0.64

Sortino ratioReturn per unit of downside risk
2.53
1.88

+0.65

Omega ratioGain probability vs. loss probability

1.34

1.24

+0.11

Calmar ratioReturn relative to maximum drawdown

4.99

1.64

+3.35

Martin ratioReturn relative to average drawdown

11.85

6.39

+5.46

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

COMT vs. XEF.TO - Sharpe Ratio Comparison

The current COMT Sharpe Ratio is 1.92, which is higher than the XEF.TO Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of COMT and XEF.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

COMTXEF.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.92

1.28

+0.64

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.60

0.51

+0.10

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.46

0.56

-0.11

Sharpe Ratio (All Time)

Calculated using the full available price history

0.19

0.47

-0.28

Drawdowns

COMT vs. XEF.TO - Drawdown Comparison

The maximum COMT drawdown since its inception was -51.89%, which is greater than XEF.TO's maximum drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for COMT and XEF.TO.

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Drawdown Indicators

COMTXEF.TODifference

Max Drawdown

Largest peak-to-trough decline

-51.89%

-34.33%

-17.56%

Max Drawdown (1Y)

Largest decline over 1 year

-8.27%

-11.58%

+3.31%

Max Drawdown (3Y)

Largest decline over 3 years

-13.31%

-13.93%

+0.62%

Max Drawdown (5Y)

Largest decline over 5 years

-29.00%

-31.05%

+2.05%

Max Drawdown (10Y)

Largest decline over 10 years

-39.22%

-34.33%

-4.89%

Current Drawdown

Current decline from peak

-7.67%

-2.96%

-4.71%

Average Drawdown

Average peak-to-trough decline

-24.05%

-7.14%

-16.91%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.47%

2.97%

+0.50%

Volatility

COMT vs. XEF.TO - Volatility Comparison

iShares Commodities Select Strategy ETF (COMT) has a higher volatility of 6.67% compared to iShares Core MSCI EAFE IMI Index ETF (XEF.TO) at 4.24%. This indicates that COMT's price experiences larger fluctuations and is considered to be riskier than XEF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

COMTXEF.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.67%

4.24%

+2.43%

Volatility (6M)

Calculated over the trailing 6-month period

19.03%

12.22%

+6.81%

Volatility (1Y)

Calculated over the trailing 1-year period

21.50%

14.83%

+6.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.09%

14.98%

+6.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.90%

16.23%

+2.67%

COMT vs. XEF.TO - Expense Ratio Comparison

COMT has a 0.48% expense ratio, which is higher than XEF.TO's 0.23% expense ratio.

Dividends

COMT vs. XEF.TO - Dividend Comparison

COMT's dividend yield for the trailing twelve months is around 5.71%, more than XEF.TO's 2.23% yield.

PositionTTM20252024202320222021202020192018201720162015
COMT
iShares Commodities Select Strategy ETF		5.71%7.74%4.90%5.19%29.79%17.79%0.36%2.61%11.65%5.16%0.52%1.44%
XEF.TO
iShares Core MSCI EAFE IMI Index ETF		2.23%2.43%2.76%2.75%2.93%2.42%1.93%2.71%2.75%2.11%2.45%2.42%

Frequently Asked Questions

COMT and XEF.TO have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XEF.TO is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XEF.TO is cheaper with a 0.23% expense ratio, compared with 0.48% for COMT.

COMT is categorized as Commodities, while XEF.TO is Foreign Large Cap Equities. Their fees differ too: 0.48% for COMT and 0.23% for XEF.TO.

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