IEMG vs. COMT
IEMG (iShares Core MSCI Emerging Markets ETF) and COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) are both exchange-traded funds - IEMG is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index (USD) (Net), 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, IEMG returned 8.78%/yr vs 8.89%/yr for COMT. Their 0.37 correlation means their historical movements had little consistent relationship. IEMG charges 0.09%/yr vs 0.48%/yr for COMT.
Performance
IEMG vs. COMT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IEMG achieves a 15.55% return, which is significantly lower than COMT's 33.14% return. Both investments have delivered pretty close results over the past 10 years, with IEMG having a 8.78% annualized return and COMT not far ahead at 8.89%.
IEMG
- 1D
- -1.78%
- 1M
- -6.23%
- 6M
- 7.28%
- YTD
- 15.55%
- 1Y
- 28.48%
- 3Y*
- 17.89%
- 5Y*
- 6.77%
- 10Y*
- 8.78%
- ALL TIME*
- 6.06%
COMT
- 1D
- -0.12%
- 1M
- 8.15%
- 6M
- 24.14%
- YTD
- 33.14%
- 1Y
- 36.27%
- 3Y*
- 11.70%
- 5Y*
- 12.15%
- 10Y*
- 8.89%
- ALL TIME*
- 3.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.60M | $11.19M | $14.65M | |
| $959.90M | $1.12B | $1.07B |
IEMG vs. COMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEMG iShares Core MSCI Emerging Markets ETF | 15.55% | 32.56% | 6.50% | 11.52% | -19.98% | -0.64% | 17.87% | 17.81% | -14.92% | 37.38% |
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 33.14% | 6.07% | 5.96% | -6.56% | 19.45% | 36.88% | -18.66% | 10.81% | -6.67% | 11.70% |
Correlation
The correlation between IEMG and COMT is -0.10, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.10 |
Correlation (3Y) Balances recent behavior with more history. | 0.11 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.19 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.31 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2014 | 0.37 |
The correlation between IEMG and COMT shifts across timeframes, from -0.10 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IEMG vs. COMT — Risk / Return Rank
IEMG
COMT
IEMG vs. COMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Emerging Markets ETF (IEMG) 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.
| IEMG | COMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.28 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 1.99 | +0.14 |
| Martin ratioReturn relative to average drawdown | 6.72 | 6.40 | +0.32 |
Loading charts...
Drawdowns
IEMG vs. COMT - Drawdown Comparison
The maximum IEMG drawdown since its inception was -38.71%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for IEMG and COMT.
Loading charts...
Drawdown Indicators
| IEMG | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.71% | -51.89% | +13.18% |
Max Drawdown (1Y)Largest decline over 1 year | -13.21% | -17.57% | +4.36% |
Max Drawdown (3Y)Largest decline over 3 years | -17.21% | -17.57% | +0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -33.61% | -29.00% | -4.61% |
Max Drawdown (10Y)Largest decline over 10 years | -38.71% | -39.22% | +0.51% |
Current DrawdownCurrent decline from peak | -10.41% | -9.27% | -1.14% |
Average DrawdownAverage peak-to-trough decline | -12.90% | -23.93% | +11.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.19% | 5.46% | -1.27% |
Volatility
IEMG vs. COMT - Volatility Comparison
iShares Core MSCI Emerging Markets ETF (IEMG) has a higher volatility of 7.86% compared to iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) at 4.67%. This indicates that IEMG'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.
Loading charts...
Volatility by Period
| IEMG | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.86% | 4.67% | +3.19% |
Volatility (6M)Calculated over the trailing 6-month period | 21.27% | 19.58% | +1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.23% | 21.55% | +1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.21% | 21.07% | -1.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.26% | 18.85% | +1.41% |
IEMG vs. COMT - Expense Ratio Comparison
IEMG has a 0.09% expense ratio, which is lower than COMT's 0.48% expense ratio.
Dividends
IEMG vs. COMT - Dividend Comparison
IEMG's dividend yield for the trailing twelve months is around 2.33%, less than COMT's 5.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 5.81% | 7.74% | 4.90% | 5.19% | 29.79% | 17.79% | 0.36% | 2.61% | 11.65% | 5.16% | 0.52% | 1.44% |
IEMG iShares Core MSCI Emerging Markets ETF | 2.33% | 2.75% | 3.20% | 2.89% | 2.71% | 3.06% | 1.87% | 3.15% | 2.76% | 2.35% | 2.28% | 2.53% |
Frequently Asked Questions
IEMG and COMT have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IEMG has higher volatility (7.86%) compared to COMT (4.67%). In terms of maximum drawdown, IEMG dropped -38.71% vs COMT's -51.89%.
On 10-year performance, COMT leads with 8.89% vs 8.78% for IEMG. On fees, IEMG is cheaper at 0.09% per year. On volatility, COMT has been the lower-risk option at 4.67%. 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 8.89% return vs 8.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IEMG is cheaper with a 0.09% expense ratio, compared with 0.48% for COMT.
COMT has the higher dividend yield at 5.81%, compared with 2.33% for IEMG.
IEMG is categorized as Emerging Markets Equities, while COMT is Commodities. IEMG tracks MSCI Emerging Markets Investable Market Index (USD) (Net), while COMT tracks S&P GSCI Dynamic Roll (USD) Total Return Index. Their fees differ too: 0.09% for IEMG and 0.48% for COMT.
COMT currently has the higher Sharpe Ratio (1.62 vs 1.21), 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.
Find the right allocation for IEMG and COMT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer