INCO vs. COMT
INCO (Columbia India Consumer ETF) and COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) are both exchange-traded funds - INCO is a India Equities fund tracking the Indxx India Consumer 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, INCO returned 8.02%/yr vs 8.33%/yr for COMT. At a 0.18 correlation, their price movements are largely independent. INCO charges 0.75%/yr vs 0.48%/yr for COMT.
Performance
INCO vs. COMT - Performance Comparison
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Returns By Period
In the year-to-date period, INCO achieves a -9.63% return, which is significantly lower than COMT's 30.19% return. Both investments have delivered pretty close results over the past 10 years, with INCO having a 8.02% annualized return and COMT not far ahead at 8.33%.
INCO
- 1D
- -0.37%
- 1M
- -1.33%
- 6M
- -8.14%
- YTD
- -9.63%
- 1Y
- -9.50%
- 3Y*
- 5.68%
- 5Y*
- 6.64%
- 10Y*
- 8.02%
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%
INCO vs. COMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INCO Columbia India Consumer ETF | -9.63% | 0.59% | 12.70% | 34.63% | -7.01% | 19.28% | 14.55% | -4.22% | -10.81% | 53.28% |
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 30.19% | 6.07% | 5.96% | -6.56% | 19.45% | 36.88% | -18.66% | 10.81% | -6.67% | 11.70% |
Correlation
The correlation between INCO and COMT is -0.34, 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 | -0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2014 | 0.18 |
The correlation between INCO and COMT shifts across timeframes, from -0.34 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
INCO vs. COMT — Risk / Return Rank
INCO
COMT
INCO vs. COMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia India Consumer ETF (INCO) 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.
| INCO | COMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.11 | ||
| Sortino ratioReturn per unit of downside risk | -2.85 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.27 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | 1.90 | -2.34 |
| Martin ratioReturn relative to average drawdown | -1.02 | 6.35 | -7.36 |
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Drawdowns
INCO vs. COMT - Drawdown Comparison
The maximum INCO drawdown since its inception was -47.69%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for INCO and COMT.
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Drawdown Indicators
| INCO | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.69% | -51.89% | +4.20% |
Max Drawdown (1Y)Largest decline over 1 year | -21.37% | -17.57% | -3.80% |
Max Drawdown (3Y)Largest decline over 3 years | -29.98% | -17.57% | -12.41% |
Max Drawdown (5Y)Largest decline over 5 years | -29.98% | -29.00% | -0.98% |
Max Drawdown (10Y)Largest decline over 10 years | -47.69% | -39.22% | -8.47% |
Current DrawdownCurrent decline from peak | -23.04% | -11.28% | -11.76% |
Average DrawdownAverage peak-to-trough decline | -10.66% | -23.95% | +13.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.38% | 5.24% | +4.14% |
Volatility
INCO vs. COMT - Volatility Comparison
The current volatility for Columbia India Consumer ETF (INCO) is 3.58%, while iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) has a volatility of 5.91%. This indicates that INCO 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
| INCO | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.58% | 5.91% | -2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 14.45% | 19.67% | -5.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.12% | 21.54% | -4.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 21.20% | -4.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.28% | 18.85% | +1.43% |
INCO vs. COMT - Expense Ratio Comparison
INCO has a 0.75% expense ratio, which is higher than COMT's 0.48% expense ratio.
Dividends
INCO vs. COMT - Dividend Comparison
INCO has not paid dividends to shareholders, while COMT's dividend yield for the trailing twelve months is around 5.95%.
| 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% |
INCO Columbia India Consumer ETF | 0.00% | 0.00% | 2.88% | 3.81% | 10.57% | 6.25% | 0.34% | 0.28% | 0.12% | 0.05% | 0.09% | 0.00% |
Frequently Asked Questions
INCO and COMT have a correlation of -0.34, 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 INCO (3.58%). In terms of maximum drawdown, INCO dropped -47.69% vs COMT's -51.89%.
On 10-year performance, COMT leads with 8.33% vs 8.02% for INCO. On fees, COMT is cheaper at 0.48% per year. On volatility, INCO has been the lower-risk option at 3.58%. 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 8.33% return vs 8.02%. 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 0.75% for INCO.
COMT has the higher dividend yield at 5.95%, compared with 0.00% for INCO.
INCO is categorized as India Equities, while COMT is Commodities. INCO tracks Indxx India Consumer Index, while COMT tracks S&P GSCI Dynamic Roll (USD) Total Return Index. They also come from different issuers: Ameriprise Financial and iShares. Their fees differ too: 0.75% for INCO and 0.48% for COMT.
COMT currently has the higher Sharpe Ratio (1.55 vs -0.56), 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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