CSD vs. COMT
CSD (Invesco S&P Spin-Off ETF) and COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) are both exchange-traded funds - CSD is a Mid Cap Blend Equities fund tracking the S&P U.S. Spin-Off Index, while COMT is a Commodities fund tracking the S&P GSCI Dynamic Roll (USD) Total Return Index. Both are passively managed. Over the past 10 years, CSD returned 13.34%/yr vs 8.63%/yr for COMT. Their 0.31 correlation means their historical movements had little consistent relationship. CSD charges 0.65%/yr vs 0.48%/yr for COMT.
Performance
CSD vs. COMT - Performance Comparison
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Returns By Period
In the year-to-date period, CSD achieves a 37.45% return, which is significantly higher than COMT's 29.49% return. Over the past 10 years, CSD has outperformed COMT with an annualized return of 13.34%, while COMT has yielded a comparatively lower 8.63% annualized return.
CSD
- 1D
- -1.18%
- 1M
- -3.33%
- 6M
- 21.82%
- YTD
- 37.45%
- 1Y
- 60.59%
- 3Y*
- 33.19%
- 5Y*
- 16.55%
- 10Y*
- 13.34%
- ALL TIME*
- 10.09%
COMT
- 1D
- 0.65%
- 1M
- 5.25%
- 6M
- 19.23%
- YTD
- 29.49%
- 1Y
- 33.46%
- 3Y*
- 10.63%
- 5Y*
- 11.85%
- 10Y*
- 8.63%
- ALL TIME*
- 3.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.13M | $10.19M | $11.89M | |
| $2.39M | $2.20M | $2.21M |
CSD vs. COMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSD Invesco S&P Spin-Off ETF | 37.45% | 21.58% | 27.61% | 23.77% | -15.04% | 13.01% | 10.79% | 20.61% | -17.82% | 20.64% |
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 29.49% | 6.07% | 5.96% | -6.56% | 19.45% | 36.88% | -18.66% | 10.81% | -6.67% | 11.70% |
Correlation
The correlation between CSD and COMT is -0.19, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.19 |
Correlation (3Y) Balances recent behavior with more history. | 0.00 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.15 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2014 | 0.31 |
The correlation between CSD and COMT shifts across timeframes, from -0.19 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CSD vs. COMT — Risk / Return Rank
CSD
COMT
CSD vs. COMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Spin-Off ETF (CSD) and iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT). 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.
| CSD | COMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.27 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 5.07 | 1.91 | +3.15 |
| Martin ratioReturn relative to average drawdown | 15.32 | 5.84 | +9.48 |
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Drawdowns
CSD vs. COMT - Drawdown Comparison
The maximum CSD drawdown since its inception was -70.47%, which is greater than COMT's maximum drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for CSD and COMT.
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Drawdown Indicators
| CSD | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.47% | -51.89% | -18.58% |
Max Drawdown (1Y)Largest decline over 1 year | -12.02% | -17.57% | +5.55% |
Max Drawdown (3Y)Largest decline over 3 years | -30.15% | -17.57% | -12.58% |
Max Drawdown (5Y)Largest decline over 5 years | -30.15% | -29.00% | -1.15% |
Max Drawdown (10Y)Largest decline over 10 years | -57.55% | -39.22% | -18.33% |
Current DrawdownCurrent decline from peak | -8.46% | -11.75% | +3.29% |
Average DrawdownAverage peak-to-trough decline | -14.15% | -23.89% | +9.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.97% | 5.75% | -1.78% |
Volatility
CSD vs. COMT - Volatility Comparison
Invesco S&P Spin-Off ETF (CSD) and iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) have volatilities of 5.27% and 5.13%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSD | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.27% | 5.13% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 19.52% | 18.95% | +0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.84% | 21.64% | +4.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.60% | 21.09% | +2.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.99% | 18.86% | +6.13% |
CSD vs. COMT - Expense Ratio Comparison
CSD has a 0.65% expense ratio, which is higher than COMT's 0.48% expense ratio.
Dividends
CSD vs. COMT - Dividend Comparison
CSD's dividend yield for the trailing twelve months is around 0.12%, less than COMT's 5.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 5.98% | 7.74% | 4.90% | 5.19% | 29.79% | 17.79% | 0.36% | 2.61% | 11.65% | 5.16% | 0.52% | 1.44% |
CSD Invesco S&P Spin-Off ETF | 0.12% | 0.16% | 0.17% | 0.51% | 0.86% | 0.73% | 0.99% | 1.08% | 0.99% | 0.60% | 1.62% | 2.61% |
Frequently Asked Questions
CSD and COMT have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CSD has higher volatility (5.27%) compared to COMT (5.13%). In terms of maximum drawdown, CSD dropped -70.47% vs COMT's -51.89%.
On 10-year performance, CSD leads with 13.34% vs 8.63% for COMT. On fees, COMT is cheaper at 0.48% per year. On volatility, COMT has been the lower-risk option at 5.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, CSD has performed better with a 13.34% return vs 8.63%. 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 0.65% for CSD.
COMT has the higher dividend yield at 5.98%, compared with 0.12% for CSD.
CSD is categorized as Mid Cap Blend Equities, while COMT is Commodities. CSD tracks S&P U.S. Spin-Off Index, while COMT tracks S&P GSCI Dynamic Roll (USD) Total Return Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.65% for CSD and 0.48% for COMT.
CSD currently has the higher Sharpe Ratio (2.36 vs 1.55), 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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