FXY vs. COMT
FXY (Invesco CurrencyShares® Japanese Yen Trust) and COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) are both exchange-traded funds - FXY is a Currency fund tracking the Japanese Yen, 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, FXY returned -4.66%/yr vs 8.33%/yr for COMT. At a correlation of -0.06, they often move in opposite directions. FXY charges 0.40%/yr vs 0.48%/yr for COMT.
Performance
FXY vs. COMT - Performance Comparison
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Returns By Period
In the year-to-date period, FXY achieves a -3.78% return, which is significantly lower than COMT's 30.19% return. Over the past 10 years, FXY has underperformed COMT with an annualized return of -4.66%, while COMT has yielded a comparatively higher 8.33% annualized return.
FXY
- 1D
- -0.14%
- 1M
- -1.29%
- 6M
- -2.61%
- YTD
- -3.78%
- 1Y
- -9.38%
- 3Y*
- -5.60%
- 5Y*
- -7.98%
- 10Y*
- -4.66%
COMT
- 1D
- -0.49%
- 1M
- 2.53%
- 6M
- 26.18%
- YTD
- 30.19%
- 1Y
- 33.20%
- 3Y*
- 12.71%
- 5Y*
- 11.75%
- 10Y*
- 8.33%
FXY vs. COMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXY Invesco CurrencyShares® Japanese Yen Trust | -3.78% | 0.09% | -10.93% | -7.44% | -12.75% | -10.90% | 4.61% | 0.37% | 2.31% | 3.17% |
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 30.19% | 6.07% | 5.96% | -6.56% | 19.45% | 36.88% | -18.66% | 10.81% | -6.67% | 11.70% |
Correlation
The correlation between FXY and COMT is -0.21, 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 | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2014 | -0.06 |
The correlation between FXY and COMT shifts across timeframes, from -0.21 (1 year) to -0.03 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FXY vs. COMT — Risk / Return Rank
FXY
COMT
FXY vs. COMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares® Japanese Yen Trust (FXY) 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.
| FXY | COMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.72 | ||
| Sortino ratioReturn per unit of downside risk | -3.89 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.27 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 1.90 | -2.82 |
| Martin ratioReturn relative to average drawdown | -1.47 | 6.35 | -7.82 |
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Drawdowns
FXY vs. COMT - Drawdown Comparison
The maximum FXY drawdown since its inception was -56.62%, which is greater than COMT's maximum drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for FXY and COMT.
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Drawdown Indicators
| FXY | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.62% | -51.89% | -4.73% |
Max Drawdown (1Y)Largest decline over 1 year | -10.21% | -17.57% | +7.36% |
Max Drawdown (3Y)Largest decline over 3 years | -15.73% | -17.57% | +1.84% |
Max Drawdown (5Y)Largest decline over 5 years | -34.61% | -29.00% | -5.61% |
Max Drawdown (10Y)Largest decline over 10 years | -41.64% | -39.22% | -2.42% |
Current DrawdownCurrent decline from peak | -56.61% | -11.28% | -45.33% |
Average DrawdownAverage peak-to-trough decline | -27.90% | -23.95% | -3.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.37% | 5.24% | +1.13% |
Volatility
FXY vs. COMT - Volatility Comparison
The current volatility for Invesco CurrencyShares® Japanese Yen Trust (FXY) is 1.52%, while iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) has a volatility of 5.91%. This indicates that FXY experiences smaller price fluctuations and is considered to be less risky than COMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXY | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 5.91% | -4.39% |
Volatility (6M)Calculated over the trailing 6-month period | 5.47% | 19.67% | -14.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.04% | 21.54% | -13.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.23% | 21.20% | -10.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.17% | 18.85% | -9.68% |
FXY vs. COMT - Expense Ratio Comparison
FXY has a 0.40% expense ratio, which is lower than COMT's 0.48% expense ratio.
Dividends
FXY vs. COMT - Dividend Comparison
FXY has not paid dividends to shareholders, while COMT's dividend yield for the trailing twelve months is around 5.95%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 5.95% | 7.74% | 4.90% | 5.19% | 29.79% | 17.79% | 0.36% | 2.61% | 11.65% | 5.16% | 0.52% | 1.44% |
FXY Invesco CurrencyShares® Japanese Yen Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FXY and COMT have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COMT has higher volatility (5.91%) compared to FXY (1.52%). In terms of maximum drawdown, FXY dropped -56.62% vs COMT's -51.89%.
On 10-year performance, COMT leads with 8.33% vs -4.66% for FXY. On fees, FXY is cheaper at 0.40% per year. On volatility, FXY has been the lower-risk option at 1.52%. 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 8.33% return vs -4.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FXY is cheaper with a 0.40% expense ratio, compared with 0.48% for COMT.
COMT has the higher dividend yield at 5.95%, compared with 0.00% for FXY.
FXY is categorized as Currency, while COMT is Commodities. FXY tracks Japanese Yen, 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: 0.40% for FXY and 0.48% for COMT.
COMT currently has the higher Sharpe Ratio (1.55 vs -1.18), 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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