INVN vs. COMT
INVN (Alger Russell Innovation ETF) and COMT (iShares Commodities Select Strategy ETF) are both exchange-traded funds - INVN is a Mid Cap Blend Equities fund tracking the Alger Russell Innovation Index, while COMT is a Commodities fund actively managed by iShares. INVN is passively managed, while COMT is actively managed. Over the past year, INVN returned 17.61% vs 45.51% for COMT. At a 0.00 correlation, their price movements are largely independent. INVN charges 0.55%/yr vs 0.48%/yr for COMT.
Performance
INVN vs. COMT - Performance Comparison
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Returns By Period
In the year-to-date period, INVN achieves a 3.03% return, which is significantly lower than COMT's 37.50% return.
INVN
- 1D
- 0.96%
- 1M
- 8.00%
- YTD
- 3.03%
- 6M
- 2.97%
- 1Y
- 17.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COMT
- 1D
- -1.55%
- 1M
- -5.00%
- YTD
- 37.50%
- 6M
- 36.36%
- 1Y
- 45.51%
- 3Y*
- 16.18%
- 5Y*
- 13.14%
- 10Y*
- 8.79%
INVN vs. COMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
INVN Alger Russell Innovation ETF | 3.03% | 8.20% |
COMT iShares Commodities Select Strategy ETF | 37.50% | 4.50% |
Correlation
The correlation between INVN and COMT is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Jan 8, 2025 | 0.00 |
The correlation between INVN and COMT shifts across timeframes, from -0.10 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
INVN vs. COMT — Risk / Return Rank
INVN
COMT
INVN vs. COMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Russell Innovation ETF (INVN) and iShares Commodities Select 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.
| INVN | COMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.38 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 5.70 | -4.83 |
| Martin ratioReturn relative to average drawdown | 2.27 | 13.42 | -11.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| INVN | COMT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 2.14 | -1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.63 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.20 | +0.14 |
Drawdowns
INVN vs. COMT - Drawdown Comparison
The maximum INVN drawdown since its inception was -26.01%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for INVN and COMT.
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Drawdown Indicators
| INVN | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.01% | -51.89% | +25.88% |
Max Drawdown (1Y)Largest decline over 1 year | -20.39% | -8.02% | -12.37% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.31% | — |
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 | -2.79% | -6.30% | +3.51% |
Average DrawdownAverage peak-to-trough decline | -7.65% | -24.06% | +16.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.78% | 3.40% | +4.38% |
Volatility
INVN vs. COMT - Volatility Comparison
Alger Russell Innovation ETF (INVN) has a higher volatility of 8.25% compared to iShares Commodities Select Strategy ETF (COMT) at 7.46%. This indicates that INVN'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.
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Volatility by Period
| INVN | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.25% | 7.46% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 17.42% | 18.88% | -1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.32% | 21.36% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.82% | 21.07% | +2.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.82% | 18.89% | +4.93% |
INVN vs. COMT - Expense Ratio Comparison
INVN has a 0.55% expense ratio, which is higher than COMT's 0.48% expense ratio.
Dividends
INVN vs. COMT - Dividend Comparison
INVN's dividend yield for the trailing twelve months is around 0.28%, less than COMT's 5.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMT iShares Commodities Select Strategy ETF | 5.63% | 7.74% | 4.90% | 5.19% | 29.79% | 17.79% | 0.36% | 2.61% | 11.65% | 5.16% | 0.52% | 1.44% |
INVN Alger Russell Innovation ETF | 0.28% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
INVN 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.
INVN has higher volatility (8.25%) compared to COMT (7.46%). In terms of maximum drawdown, INVN dropped -26.01% vs COMT's -51.89%.
On 1-year performance, COMT leads with 45.51% vs 17.61% for INVN. On fees, COMT is cheaper at 0.48% per year. On volatility, COMT has been the lower-risk option at 7.46%. 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 45.51% return vs 17.61%. 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 0.55% for INVN.
COMT has the higher dividend yield at 5.63%, compared with 0.28% for INVN.
INVN is categorized as Mid Cap Blend Equities, while COMT is Commodities. They also come from different issuers: Alger and iShares. Their fees differ too: 0.55% for INVN and 0.48% for COMT.
COMT currently has the higher Sharpe Ratio (2.14 vs 0.83), 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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