INVG vs. COMT
INVG (GMO Systematic Investment Grade Credit ETF) and COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) are both exchange-traded funds - INVG is a Corporate Bonds fund actively managed by GMO, while COMT is a Commodities fund tracking the S&P GSCI Dynamic Roll (USD) Total Return Index. INVG is actively managed, while COMT is passively managed. Over the past year, INVG returned 2.61% vs 31.94% for COMT. Their -0.36 correlation means they have often moved in opposite directions in the past. INVG charges 0.25%/yr vs 0.48%/yr for COMT.
Performance
INVG vs. COMT - Performance Comparison
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Returns By Period
In the year-to-date period, INVG achieves a 0.30% return, which is significantly lower than COMT's 28.66% return.
INVG
- 1D
- 0.53%
- 1M
- -0.81%
- 6M
- -0.07%
- YTD
- 0.30%
- 1Y
- 2.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.56%
COMT
- 1D
- -0.81%
- 1M
- 6.09%
- 6M
- 18.63%
- YTD
- 28.66%
- 1Y
- 31.94%
- 3Y*
- 10.40%
- 5Y*
- 11.51%
- 10Y*
- 8.56%
- ALL TIME*
- 3.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.08M | $10.35M | $13.73M | |
| $27.15K | $47.67K | $107.50K |
INVG vs. COMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
INVG GMO Systematic Investment Grade Credit ETF | 0.30% | 5.03% |
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 28.66% | 5.61% |
Correlation
The correlation between INVG and COMT is -0.38, 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. | -0.38 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025 | -0.36 |
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Return for Risk
INVG vs. COMT — Risk / Return Rank
INVG
COMT
INVG vs. COMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Systematic Investment Grade Credit ETF (INVG) 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.
| INVG | COMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.26 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | 1.83 | -0.99 |
| Martin ratioReturn relative to average drawdown | 2.45 | 5.62 | -3.17 |
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Drawdowns
INVG vs. COMT - Drawdown Comparison
The maximum INVG drawdown since its inception was -3.15%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for INVG and COMT.
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Drawdown Indicators
| INVG | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.15% | -51.89% | +48.74% |
Max Drawdown (1Y)Largest decline over 1 year | -3.15% | -17.57% | +14.42% |
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 | -1.26% | -12.32% | +11.06% |
Average DrawdownAverage peak-to-trough decline | -0.75% | -23.90% | +23.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 5.70% | -4.63% |
Volatility
INVG vs. COMT - Volatility Comparison
The current volatility for GMO Systematic Investment Grade Credit ETF (INVG) is 1.37%, while iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) has a volatility of 5.26%. This indicates that INVG 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
| INVG | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 5.26% | -3.89% |
Volatility (6M)Calculated over the trailing 6-month period | 3.56% | 19.09% | -15.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.41% | 21.64% | -17.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.45% | 21.10% | -16.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.45% | 18.86% | -14.41% |
INVG vs. COMT - Expense Ratio Comparison
INVG has a 0.25% expense ratio, which is lower than COMT's 0.48% expense ratio.
Dividends
INVG vs. COMT - Dividend Comparison
INVG's dividend yield for the trailing twelve months is around 4.87%, less than COMT's 6.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 6.02% | 7.74% | 4.90% | 5.19% | 29.79% | 17.79% | 0.36% | 2.61% | 11.65% | 5.16% | 0.52% | 1.44% |
INVG GMO Systematic Investment Grade Credit ETF | 4.87% | 2.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
INVG and COMT have a correlation of -0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COMT has higher volatility (5.26%) compared to INVG (1.37%). In terms of maximum drawdown, INVG dropped -3.15% vs COMT's -51.89%.
On 1-year performance, COMT leads with 31.94% vs 2.61% for INVG. On fees, INVG is cheaper at 0.25% per year. On volatility, INVG has been the lower-risk option at 1.37%. 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 31.94% return vs 2.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
INVG is cheaper with a 0.25% expense ratio, compared with 0.48% for COMT.
COMT has the higher dividend yield at 6.02%, compared with 4.87% for INVG.
INVG is categorized as Corporate Bonds, while COMT is Commodities. They also come from different issuers: GMO and iShares. Their fees differ too: 0.25% for INVG and 0.48% for COMT.
COMT currently has the higher Sharpe Ratio (1.48 vs 0.59), 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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