HXQ.TO vs. COMT
HXQ.TO (Horizons NASDAQ-100 Index ETF) and COMT (iShares Commodities Select Strategy ETF) are both exchange-traded funds - HXQ.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while COMT is a Commodities fund actively managed by iShares. HXQ.TO is passively managed, while COMT is actively managed. Over the past 10 years, HXQ.TO returned 22.27%/yr vs 9.33%/yr for COMT. At a 0.08 correlation, their price movements are largely independent. HXQ.TO charges 0.25%/yr vs 0.48%/yr for COMT.
Performance
HXQ.TO vs. COMT - Performance Comparison
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Different Trading Currencies
HXQ.TO is traded in CAD, while COMT is traded in USD. To make them comparable, the COMT values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HXQ.TO achieves a 19.67% return, which is significantly lower than COMT's 33.28% return. Over the past 10 years, HXQ.TO has outperformed COMT with an annualized return of 22.27%, while COMT has yielded a comparatively lower 9.33% annualized return.
HXQ.TO
- 1D
- 0.78%
- 1M
- 3.46%
- YTD
- 19.67%
- 6M
- 19.59%
- 1Y
- 41.51%
- 3Y*
- 28.29%
- 5Y*
- 19.92%
- 10Y*
- 22.27%
COMT
- 1D
- -1.02%
- 1M
- -7.77%
- YTD
- 33.28%
- 6M
- 33.43%
- 1Y
- 33.38%
- 3Y*
- 16.16%
- 5Y*
- 15.07%
- 10Y*
- 9.33%
HXQ.TO vs. COMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HXQ.TO Horizons NASDAQ-100 Index ETF | 19.67% | 15.05% | 35.98% | 51.16% | -27.84% | 26.20% | 45.58% | 32.26% | 6.71% | 23.12% |
COMT iShares Commodities Select Strategy ETF | 33.28% | 1.23% | 14.93% | -8.79% | 27.02% | 36.81% | -20.59% | 6.25% | 1.18% | 4.13% |
Correlation
The correlation between HXQ.TO 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 | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2016 | 0.08 |
The correlation between HXQ.TO and COMT shifts across timeframes, from -0.21 (1 year) to 0.08 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
HXQ.TO vs. COMT — Risk / Return Rank
HXQ.TO
COMT
HXQ.TO vs. COMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizons NASDAQ-100 Index ETF (HXQ.TO) and iShares Commodities Select 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.
| HXQ.TO | COMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.30 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 3.80 | -0.61 |
| Martin ratioReturn relative to average drawdown | 10.12 | 10.44 | -0.33 |
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Drawdowns
HXQ.TO vs. COMT - Drawdown Comparison
The maximum HXQ.TO drawdown since its inception was -31.60%, smaller than the maximum COMT drawdown of -37.80%. Use the drawdown chart below to compare losses from any high point for HXQ.TO and COMT.
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Drawdown Indicators
| HXQ.TO | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.60% | -37.80% | +6.20% |
Max Drawdown (1Y)Largest decline over 1 year | -12.43% | -9.64% | -2.79% |
Max Drawdown (3Y)Largest decline over 3 years | -22.58% | -14.28% | -8.30% |
Max Drawdown (5Y)Largest decline over 5 years | -31.60% | -23.74% | -7.86% |
Max Drawdown (10Y)Largest decline over 10 years | -31.60% | -33.31% | +1.71% |
Current DrawdownCurrent decline from peak | -2.58% | -9.46% | +6.88% |
Average DrawdownAverage peak-to-trough decline | -5.74% | -15.17% | +9.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.91% | 3.50% | +0.41% |
Volatility
HXQ.TO vs. COMT - Volatility Comparison
Horizons NASDAQ-100 Index ETF (HXQ.TO) has a higher volatility of 7.27% compared to iShares Commodities Select Strategy ETF (COMT) at 5.97%. This indicates that HXQ.TO's price experiences larger fluctuations and is considered to be riskier 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
| HXQ.TO | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.27% | 5.97% | +1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 13.32% | 19.57% | -6.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.70% | 21.86% | -5.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.92% | 21.65% | -0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.92% | 19.67% | +1.25% |
HXQ.TO vs. COMT - Expense Ratio Comparison
HXQ.TO has a 0.25% expense ratio, which is lower than COMT's 0.48% expense ratio.
Dividends
HXQ.TO vs. COMT - Dividend Comparison
HXQ.TO has not paid dividends to shareholders, while COMT's dividend yield for the trailing twelve months is around 5.93%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMT iShares Commodities Select Strategy ETF | 5.93% | 7.74% | 4.90% | 5.19% | 29.79% | 17.79% | 0.36% | 2.61% | 11.65% | 5.16% | 0.52% | 1.44% |
HXQ.TO Horizons NASDAQ-100 Index ETF | 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
HXQ.TO 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.
On fees, HXQ.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HXQ.TO is cheaper with a 0.25% expense ratio, compared with 0.48% for COMT.
HXQ.TO is categorized as Nasdaq-100, while COMT is Commodities. They also come from different issuers: Horizons and iShares. Their fees differ too: 0.25% for HXQ.TO and 0.48% for COMT.
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