GTOH vs. COMT
GTOH (Invesco Short Duration High Yield ETF) and COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) are both exchange-traded funds - GTOH is a High Yield Bonds fund actively managed by Invesco, while COMT is a Commodities fund tracking the S&P GSCI Dynamic Roll (USD) Total Return Index. GTOH is actively managed, while COMT is passively managed. Over the past 3 years, GTOH returned 7.97%/yr vs 11.69%/yr for COMT. At a 0.06 correlation, their price movements are largely independent. Both charge a 0.48% expense ratio.
Performance
GTOH vs. COMT - Performance Comparison
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Returns By Period
In the year-to-date period, GTOH achieves a 1.83% return, which is significantly lower than COMT's 23.11% return.
GTOH
- 1D
- -0.06%
- 1M
- 0.23%
- YTD
- 1.83%
- 6M
- 1.69%
- 1Y
- 6.07%
- 3Y*
- 7.97%
- 5Y*
- —
- 10Y*
- —
COMT
- 1D
- 1.79%
- 1M
- -10.98%
- YTD
- 23.11%
- 6M
- 22.05%
- 1Y
- 27.86%
- 3Y*
- 11.69%
- 5Y*
- 10.62%
- 10Y*
- 8.00%
GTOH vs. COMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GTOH Invesco Short Duration High Yield ETF | 1.83% | 7.91% | 6.57% | 10.54% | -1.34% |
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 23.11% | 6.07% | 5.96% | -6.56% | 5.09% |
Correlation
The correlation between GTOH and COMT is -0.25, 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 | -0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2022 | 0.06 |
The correlation between GTOH and COMT shifts across timeframes, from -0.25 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GTOH vs. COMT — Risk / Return Rank
GTOH
COMT
GTOH vs. COMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Short Duration High Yield ETF (GTOH) 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.
| GTOH | COMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.24 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 1.59 | +1.07 |
| Martin ratioReturn relative to average drawdown | 13.00 | 7.12 | +5.88 |
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Drawdowns
GTOH vs. COMT - Drawdown Comparison
The maximum GTOH drawdown since its inception was -4.77%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for GTOH and COMT.
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Drawdown Indicators
| GTOH | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.77% | -51.89% | +47.12% |
Max Drawdown (1Y)Largest decline over 1 year | -2.29% | -17.57% | +15.28% |
Max Drawdown (3Y)Largest decline over 3 years | -4.13% | -17.57% | +13.44% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.00% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.22% | — |
Current DrawdownCurrent decline from peak | -0.23% | -16.10% | +15.87% |
Average DrawdownAverage peak-to-trough decline | -0.66% | -24.00% | +23.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.47% | 3.92% | -3.45% |
Volatility
GTOH vs. COMT - Volatility Comparison
The current volatility for Invesco Short Duration High Yield ETF (GTOH) is 0.71%, while iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) has a volatility of 5.77%. This indicates that GTOH 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
| GTOH | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 5.77% | -5.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.31% | 19.43% | -17.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.03% | 21.19% | -18.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.45% | 21.17% | -16.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.45% | 18.88% | -14.43% |
GTOH vs. COMT - Expense Ratio Comparison
Both GTOH and COMT have an expense ratio of 0.48%.
Dividends
GTOH vs. COMT - Dividend Comparison
GTOH's dividend yield for the trailing twelve months is around 6.20%, less than COMT's 6.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 6.29% | 7.74% | 4.90% | 5.19% | 29.79% | 17.79% | 0.36% | 2.61% | 11.65% | 5.16% | 0.52% | 1.44% |
GTOH Invesco Short Duration High Yield ETF | 6.20% | 6.57% | 6.81% | 6.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GTOH and COMT have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COMT has higher volatility (5.77%) compared to GTOH (0.71%). In terms of maximum drawdown, GTOH dropped -4.77% vs COMT's -51.89%.
On 3-year performance, COMT leads with 11.69% vs 7.97% for GTOH. Both ETFs have the same 0.48% expense ratio. On volatility, GTOH has been the lower-risk option at 0.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, COMT has performed better with a 11.69% return vs 7.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GTOH and COMT have the same expense ratio: 0.48% per year.
COMT has the higher dividend yield at 6.29%, compared with 6.20% for GTOH.
GTOH is categorized as High Yield Bonds, while COMT is Commodities. They also come from different issuers: Invesco and iShares.
GTOH currently has the higher Sharpe Ratio (2.02 vs 1.32), 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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