IBGA vs. COMT
IBGA (iShares iBonds Dec 2044 Term Treasury ETF) and COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) are both exchange-traded funds - IBGA is a Intermediate Core Bond fund tracking the ICE 2044 Maturity US Treasury 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 year, IBGA returned -0.27% vs 33.46% for COMT. Their -0.26 correlation means they have often moved in opposite directions in the past. IBGA charges 0.07%/yr vs 0.48%/yr for COMT.
Performance
IBGA vs. COMT - Performance Comparison
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Returns By Period
In the year-to-date period, IBGA achieves a -1.68% return, which is significantly lower than COMT's 29.49% return.
IBGA
- 1D
- 0.07%
- 1M
- -1.93%
- 6M
- -1.48%
- YTD
- -1.68%
- 1Y
- -0.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 0.94%
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 | |
| $409.82K | $308.92K | $376.59K |
IBGA vs. COMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBGA iShares iBonds Dec 2044 Term Treasury ETF | -1.68% | 6.09% | -2.18% |
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 29.49% | 6.07% | -1.47% |
Correlation
The correlation between IBGA and COMT is -0.39, 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. | -0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2024 | -0.26 |
The correlation between IBGA and COMT shifts across timeframes, from -0.39 (1 year) to -0.26 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBGA vs. COMT — Risk / Return Rank
IBGA
COMT
IBGA vs. COMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2044 Term Treasury ETF (IBGA) 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.
| IBGA | COMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.59 | ||
| Sortino ratioReturn per unit of downside risk | -2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.27 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 1.91 | -1.95 |
| Martin ratioReturn relative to average drawdown | -0.09 | 5.84 | -5.93 |
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Drawdowns
IBGA vs. COMT - Drawdown Comparison
The maximum IBGA drawdown since its inception was -11.69%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for IBGA and COMT.
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Drawdown Indicators
| IBGA | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.69% | -51.89% | +40.20% |
Max Drawdown (1Y)Largest decline over 1 year | -6.60% | -17.57% | +10.97% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.57% | — |
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 | -5.92% | -11.75% | +5.83% |
Average DrawdownAverage peak-to-trough decline | -5.03% | -23.89% | +18.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 5.75% | -2.78% |
Volatility
IBGA vs. COMT - Volatility Comparison
The current volatility for iShares iBonds Dec 2044 Term Treasury ETF (IBGA) is 2.21%, while iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) has a volatility of 5.13%. This indicates that IBGA 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
| IBGA | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.21% | 5.13% | -2.92% |
Volatility (6M)Calculated over the trailing 6-month period | 6.10% | 18.95% | -12.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.82% | 21.64% | -13.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.74% | 21.09% | -11.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.74% | 18.86% | -9.12% |
IBGA vs. COMT - Expense Ratio Comparison
IBGA has a 0.07% expense ratio, which is lower than COMT's 0.48% expense ratio.
Dividends
IBGA vs. COMT - Dividend Comparison
IBGA's dividend yield for the trailing twelve months is around 4.75%, 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% |
IBGA iShares iBonds Dec 2044 Term Treasury ETF | 4.75% | 4.49% | 2.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBGA and COMT have a correlation of -0.39, 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 IBGA (2.21%). In terms of maximum drawdown, IBGA dropped -11.69% vs COMT's -51.89%.
On 1-year performance, COMT leads with 33.46% vs -0.27% for IBGA. On fees, IBGA is cheaper at 0.07% per year. On volatility, IBGA has been the lower-risk option at 2.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, COMT has performed better with a 33.46% return vs -0.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBGA is cheaper with a 0.07% expense ratio, compared with 0.48% for COMT.
COMT has the higher dividend yield at 5.98%, compared with 4.75% for IBGA.
IBGA is categorized as Intermediate Core Bond, while COMT is Commodities. IBGA tracks ICE 2044 Maturity US Treasury Index, while COMT tracks S&P GSCI Dynamic Roll (USD) Total Return Index. Their fees differ too: 0.07% for IBGA and 0.48% for COMT.
COMT currently has the higher Sharpe Ratio (1.55 vs -0.03), 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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