HYS vs. COMT
HYS (PIMCO 0-5 Year High Yield Corporate Bond Index ETF) and COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) are both exchange-traded funds - HYS is a High Yield Bonds fund tracking the ICE BofA 0-5 Year US High Yield Constrained 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, HYS returned 5.16%/yr vs 8.63%/yr for COMT. Their 0.28 correlation means their historical movements had little consistent relationship. HYS charges 0.56%/yr vs 0.48%/yr for COMT.
Performance
HYS vs. COMT - Performance Comparison
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Returns By Period
In the year-to-date period, HYS achieves a 2.03% return, which is significantly lower than COMT's 29.49% return. Over the past 10 years, HYS has underperformed COMT with an annualized return of 5.16%, while COMT has yielded a comparatively higher 8.63% annualized return.
HYS
- 1D
- -0.01%
- 1M
- 0.08%
- 6M
- 1.93%
- YTD
- 2.03%
- 1Y
- 5.45%
- 3Y*
- 8.40%
- 5Y*
- 5.20%
- 10Y*
- 5.16%
- ALL TIME*
- 5.03%
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 | |
| $8.87M | $9.72M | $11.12M |
HYS vs. COMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 2.03% | 8.80% | 8.42% | 11.38% | -5.42% | 4.77% | 3.27% | 10.22% | -1.05% | 5.75% |
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 HYS and COMT is -0.29, 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. | -0.29 |
Correlation (3Y) Balances recent behavior with more history. | -0.04 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.09 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.24 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2014 | 0.28 |
The correlation between HYS and COMT shifts across timeframes, from -0.29 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HYS vs. COMT — Risk / Return Rank
HYS
COMT
HYS vs. COMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) 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.
| HYS | COMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.27 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 1.91 | +0.99 |
| Martin ratioReturn relative to average drawdown | 11.42 | 5.84 | +5.58 |
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Drawdowns
HYS vs. COMT - Drawdown Comparison
The maximum HYS drawdown since its inception was -20.91%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for HYS and COMT.
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Drawdown Indicators
| HYS | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.91% | -51.89% | +30.98% |
Max Drawdown (1Y)Largest decline over 1 year | -1.88% | -17.57% | +15.69% |
Max Drawdown (3Y)Largest decline over 3 years | -4.98% | -17.57% | +12.59% |
Max Drawdown (5Y)Largest decline over 5 years | -10.61% | -29.00% | +18.39% |
Max Drawdown (10Y)Largest decline over 10 years | -20.91% | -39.22% | +18.31% |
Current DrawdownCurrent decline from peak | -0.01% | -11.75% | +11.74% |
Average DrawdownAverage peak-to-trough decline | -1.52% | -23.89% | +22.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 5.75% | -5.27% |
Volatility
HYS vs. COMT - Volatility Comparison
The current volatility for PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) is 0.85%, while iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) has a volatility of 5.13%. This indicates that HYS 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
| HYS | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 5.13% | -4.28% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 18.95% | -16.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.40% | 21.64% | -18.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.27% | 21.09% | -14.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.78% | 18.86% | -12.08% |
HYS vs. COMT - Expense Ratio Comparison
HYS has a 0.56% expense ratio, which is higher than COMT's 0.48% expense ratio.
Dividends
HYS vs. COMT - Dividend Comparison
HYS's dividend yield for the trailing twelve months is around 7.46%, more 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% |
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 7.46% | 7.20% | 7.43% | 6.44% | 5.01% | 3.74% | 4.52% | 4.98% | 4.64% | 5.01% | 5.13% | 5.22% |
Frequently Asked Questions
HYS and COMT have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COMT has higher volatility (5.13%) compared to HYS (0.85%). In terms of maximum drawdown, HYS dropped -20.91% vs COMT's -51.89%.
On 10-year performance, COMT leads with 8.63% vs 5.16% for HYS. On fees, COMT is cheaper at 0.48% per year. On volatility, HYS has been the lower-risk option at 0.85%. 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 8.63% return vs 5.16%. 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 0.56% for HYS.
HYS has the higher dividend yield at 7.46%, compared with 5.98% for COMT.
HYS is categorized as High Yield Bonds, while COMT is Commodities. HYS tracks ICE BofA 0-5 Year US High Yield Constrained Index, while COMT tracks S&P GSCI Dynamic Roll (USD) Total Return Index. They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.56% for HYS and 0.48% for COMT.
HYS currently has the higher Sharpe Ratio (1.61 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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