INDE vs. COMT
INDE (Matthews India Active ETF) and COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) are both exchange-traded funds - INDE is a India Equities fund actively managed by Matthews, while COMT is a Commodities fund tracking the S&P GSCI Dynamic Roll (USD) Total Return Index. INDE is actively managed, while COMT is passively managed. Over the past year, INDE returned -1.30% vs 33.20% for COMT. At a correlation of -0.09, they often move in opposite directions. INDE charges 0.79%/yr vs 0.48%/yr for COMT.
Performance
INDE vs. COMT - Performance Comparison
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Returns By Period
In the year-to-date period, INDE achieves a -2.21% return, which is significantly lower than COMT's 30.19% return.
INDE
- 1D
- -0.93%
- 1M
- 2.32%
- 6M
- -0.71%
- YTD
- -2.21%
- 1Y
- -1.30%
- 3Y*
- —
- 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%
INDE vs. COMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
INDE Matthews India Active ETF | -2.21% | 2.39% | 10.95% | 7.84% |
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 30.19% | 6.07% | 5.96% | -10.13% |
Correlation
The correlation between INDE and COMT is -0.33, 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 | -0.33 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2023 | -0.09 |
Over the past year, the inverse relationship between INDE and COMT has strengthened: their correlation has moved from -0.09 to -0.33, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
INDE vs. COMT — Risk / Return Rank
INDE
COMT
INDE vs. COMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews India Active ETF (INDE) 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.
| INDE | COMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.62 | ||
| Sortino ratioReturn per unit of downside risk | -2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.27 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 1.90 | -1.97 |
| Martin ratioReturn relative to average drawdown | -0.17 | 6.35 | -6.52 |
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Drawdowns
INDE vs. COMT - Drawdown Comparison
The maximum INDE drawdown since its inception was -22.89%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for INDE and COMT.
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Drawdown Indicators
| INDE | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.89% | -51.89% | +29.00% |
Max Drawdown (1Y)Largest decline over 1 year | -19.10% | -17.57% | -1.53% |
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 | -9.45% | -11.28% | +1.83% |
Average DrawdownAverage peak-to-trough decline | -7.66% | -23.95% | +16.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.50% | 5.24% | +2.26% |
Volatility
INDE vs. COMT - Volatility Comparison
The current volatility for Matthews India Active ETF (INDE) is 4.21%, while iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) has a volatility of 5.91%. This indicates that INDE 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
| INDE | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 5.91% | -1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 14.84% | 19.67% | -4.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.27% | 21.54% | -4.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.54% | 21.20% | -4.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 18.85% | -2.31% |
INDE vs. COMT - Expense Ratio Comparison
INDE has a 0.79% expense ratio, which is higher than COMT's 0.48% expense ratio.
Dividends
INDE vs. COMT - Dividend Comparison
INDE's dividend yield for the trailing twelve months is around 1.79%, 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% |
INDE Matthews India Active ETF | 1.79% | 1.75% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
INDE and COMT have a correlation of -0.33, 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 INDE (4.21%). In terms of maximum drawdown, INDE dropped -22.89% vs COMT's -51.89%.
On 1-year performance, COMT leads with 33.20% vs -1.30% for INDE. On fees, COMT is cheaper at 0.48% per year. On volatility, INDE has been the lower-risk option at 4.21%. 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 33.20% return vs -1.30%. 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 0.79% for INDE.
COMT has the higher dividend yield at 5.95%, compared with 1.79% for INDE.
INDE is categorized as India Equities, while COMT is Commodities. They also come from different issuers: Matthews and iShares. Their fees differ too: 0.79% for INDE and 0.48% for COMT.
COMT currently has the higher Sharpe Ratio (1.55 vs -0.08), 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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