COMT vs. XLE
COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) and XLE (State Street Energy Select Sector SPDR ETF) are both exchange-traded funds - COMT is a Commodities fund tracking the S&P GSCI Dynamic Roll (USD) Total Return Index, while XLE is a Energy Equities fund tracking the Energy Select Sector Index. Both are passively managed. Over the past 10 years, COMT returned 9.00%/yr vs 10.52%/yr for XLE. Their 0.67 correlation means they have sometimes moved together and sometimes differently. COMT charges 0.48%/yr vs 0.08%/yr for XLE.
Performance
COMT vs. XLE - Performance Comparison
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Returns By Period
In the year-to-date period, COMT achieves a 31.11% return, which is significantly lower than XLE's 35.03% return. Over the past 10 years, COMT has underperformed XLE with an annualized return of 9.00%, while XLE has yielded a comparatively higher 10.52% annualized return.
COMT
- 1D
- -0.06%
- 1M
- 8.35%
- 6M
- 19.02%
- YTD
- 31.11%
- 1Y
- 31.84%
- 3Y*
- 10.95%
- 5Y*
- 11.49%
- 10Y*
- 9.00%
- ALL TIME*
- 3.41%
XLE
- 1D
- 1.00%
- 1M
- 12.76%
- 6M
- 18.26%
- YTD
- 35.03%
- 1Y
- 40.82%
- 3Y*
- 14.62%
- 5Y*
- 23.67%
- 10Y*
- 10.52%
- ALL TIME*
- 8.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.08M | $10.46M | $14.41M | |
| $1.70B | $1.73B | $1.97B |
COMT vs. XLE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 31.11% | 6.07% | 5.96% | -6.56% | 19.45% | 36.88% | -18.66% | 10.81% | -6.67% | 11.70% |
XLE State Street Energy Select Sector SPDR ETF | 35.03% | 7.88% | 5.56% | -0.63% | 64.32% | 53.28% | -32.67% | 11.74% | -18.22% | -0.89% |
Correlation
The correlation between COMT and XLE is 0.63, 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. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2014 | 0.67 |
The correlation between COMT and XLE has been stable across timeframes, ranging from 0.61 to 0.67 - a consistent structural relationship.
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Return for Risk
COMT vs. XLE — Risk / Return Rank
COMT
XLE
COMT vs. XLE - 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 Energy Select Sector SPDR ETF (XLE). 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 | XLE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.32 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 2.74 | -0.92 |
| Martin ratioReturn relative to average drawdown | 5.69 | 7.32 | -1.62 |
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Drawdowns
COMT vs. XLE - Drawdown Comparison
The maximum COMT drawdown since its inception was -51.89%, smaller than the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for COMT and XLE.
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Drawdown Indicators
| COMT | XLE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.89% | -71.26% | +19.37% |
Max Drawdown (1Y)Largest decline over 1 year | -17.57% | -14.98% | -2.59% |
Max Drawdown (3Y)Largest decline over 3 years | -17.57% | -20.14% | +2.57% |
Max Drawdown (5Y)Largest decline over 5 years | -29.00% | -26.04% | -2.96% |
Max Drawdown (10Y)Largest decline over 10 years | -39.22% | -66.81% | +27.59% |
Current DrawdownCurrent decline from peak | -10.65% | -4.13% | -6.52% |
Average DrawdownAverage peak-to-trough decline | -23.90% | -17.93% | -5.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.63% | 5.62% | +0.01% |
Volatility
COMT vs. XLE - Volatility Comparison
The current volatility for iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) is 5.08%, while State Street Energy Select Sector SPDR ETF (XLE) has a volatility of 5.85%. This indicates that COMT experiences smaller price fluctuations and is considered to be less risky than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COMT | XLE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 5.85% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 19.62% | 16.71% | +2.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.67% | 21.05% | +0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.10% | 25.77% | -4.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.86% | 29.57% | -10.71% |
COMT vs. XLE - Expense Ratio Comparison
COMT has a 0.48% expense ratio, which is higher than XLE's 0.08% expense ratio.
Dividends
COMT vs. XLE - Dividend Comparison
COMT's dividend yield for the trailing twelve months is around 5.90%, more than XLE's 2.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 5.90% | 7.74% | 4.90% | 5.19% | 29.79% | 17.79% | 0.36% | 2.61% | 11.65% | 5.16% | 0.52% | 1.44% |
XLE State Street Energy Select Sector SPDR ETF | 2.55% | 3.28% | 3.36% | 3.55% | 3.68% | 4.21% | 5.62% | 6.72% | 3.54% | 3.03% | 2.26% | 3.39% |
Frequently Asked Questions
COMT and XLE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLE has higher volatility (5.85%) compared to COMT (5.08%). In terms of maximum drawdown, COMT dropped -51.89% vs XLE's -71.26%.
On 10-year performance, XLE leads with 10.52% vs 9.00% for COMT. On fees, XLE is cheaper at 0.08% per year. On volatility, COMT has been the lower-risk option at 5.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, XLE has performed better with a 10.52% return vs 9.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLE is cheaper with a 0.08% expense ratio, compared with 0.48% for COMT.
COMT has the higher dividend yield at 5.90%, compared with 2.55% for XLE.
COMT is categorized as Commodities, while XLE is Energy Equities. COMT tracks S&P GSCI Dynamic Roll (USD) Total Return Index, while XLE tracks Energy Select Sector Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.48% for COMT and 0.08% for XLE.
XLE currently has the higher Sharpe Ratio (1.95 vs 1.48), 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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