IBTM vs. COMT
IBTM (iShares iBonds Dec 2032 Term Treasury ETF) and COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) are both exchange-traded funds - IBTM is a Intermediate Core Bond fund tracking the ICE 2032 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 3 years, IBTM returned 2.89%/yr vs 12.71%/yr for COMT. At a correlation of -0.17, they often move in opposite directions. IBTM charges 0.07%/yr vs 0.48%/yr for COMT.
Performance
IBTM vs. COMT - Performance Comparison
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Returns By Period
In the year-to-date period, IBTM achieves a -0.31% return, which is significantly lower than COMT's 30.19% return.
IBTM
- 1D
- -0.04%
- 1M
- -0.29%
- 6M
- -0.35%
- YTD
- -0.31%
- 1Y
- 3.34%
- 3Y*
- 2.89%
- 5Y*
- —
- 10Y*
- —
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%
IBTM vs. COMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBTM iShares iBonds Dec 2032 Term Treasury ETF | -0.31% | 8.06% | -0.14% | 3.48% | -5.01% |
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 30.19% | 6.07% | 5.96% | -6.56% | -6.36% |
Correlation
The correlation between IBTM and COMT is -0.36, 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 | -0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.21 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2022 | -0.17 |
The correlation between IBTM and COMT shifts across timeframes, from -0.36 (1 year) to -0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBTM vs. COMT — Risk / Return Rank
IBTM
COMT
IBTM vs. COMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2032 Term Treasury ETF (IBTM) 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.
| IBTM | COMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.27 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 1.90 | -0.87 |
| Martin ratioReturn relative to average drawdown | 2.52 | 6.35 | -3.83 |
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Drawdowns
IBTM vs. COMT - Drawdown Comparison
The maximum IBTM drawdown since its inception was -13.60%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for IBTM and COMT.
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Drawdown Indicators
| IBTM | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.60% | -51.89% | +38.29% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -17.57% | +14.31% |
Max Drawdown (3Y)Largest decline over 3 years | -7.86% | -17.57% | +9.71% |
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 | -2.19% | -11.28% | +9.09% |
Average DrawdownAverage peak-to-trough decline | -4.74% | -23.95% | +19.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 5.24% | -3.91% |
Volatility
IBTM vs. COMT - Volatility Comparison
The current volatility for iShares iBonds Dec 2032 Term Treasury ETF (IBTM) is 1.25%, while iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) has a volatility of 5.91%. This indicates that IBTM 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
| IBTM | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 5.91% | -4.66% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 19.67% | -16.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.00% | 21.54% | -17.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.48% | 21.20% | -13.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.48% | 18.85% | -11.37% |
IBTM vs. COMT - Expense Ratio Comparison
IBTM has a 0.07% expense ratio, which is lower than COMT's 0.48% expense ratio.
Dividends
IBTM vs. COMT - Dividend Comparison
IBTM's dividend yield for the trailing twelve months is around 3.94%, less than COMT's 5.95% yield.
| 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% |
IBTM iShares iBonds Dec 2032 Term Treasury ETF | 3.94% | 3.87% | 3.96% | 3.39% | 1.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBTM and COMT have a correlation of -0.36, 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 IBTM (1.25%). In terms of maximum drawdown, IBTM dropped -13.60% vs COMT's -51.89%.
On 3-year performance, COMT leads with 12.71% vs 2.89% for IBTM. On fees, IBTM is cheaper at 0.07% per year. On volatility, IBTM has been the lower-risk option at 1.25%. 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 12.71% return vs 2.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTM is cheaper with a 0.07% expense ratio, compared with 0.48% for COMT.
COMT has the higher dividend yield at 5.95%, compared with 3.94% for IBTM.
IBTM is categorized as Intermediate Core Bond, while COMT is Commodities. IBTM tracks ICE 2032 Maturity US Treasury Index, while COMT tracks S&P GSCI Dynamic Roll (USD) Total Return Index. Their fees differ too: 0.07% for IBTM and 0.48% for COMT.
COMT currently has the higher Sharpe Ratio (1.55 vs 0.84), 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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