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MDEV vs. COMT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MDEV vs. COMT

Last updated Jun 4, 2026

MDEV (First Trust Indxx Medical Devices ETF) and COMT (iShares Commodities Select Strategy ETF) are both exchange-traded funds - MDEV is a Health & Biotech Equities fund tracking the Indxx Global Medical Equipment Index, while COMT is a Commodities fund actively managed by iShares. MDEV is passively managed, while COMT is actively managed. Over the past 3 years, MDEV returned -2.86%/yr vs 16.86%/yr for COMT. At a 0.04 correlation, their price movements are largely independent. MDEV charges 0.70%/yr vs 0.48%/yr for COMT.

Performance

MDEV vs. COMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Indxx Medical Devices ETF (MDEV) and iShares Commodities Select Strategy ETF (COMT). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, MDEV achieves a -11.48% return, which is significantly lower than COMT's 39.67% return.

MDEV

1D
0.04%
1M
1.54%
YTD
-11.48%
6M
-12.29%
1Y
-7.05%
3Y*
-2.86%
5Y*
—
10Y*
—

COMT

1D
0.78%
1M
-4.35%
YTD
39.67%
6M
39.06%
1Y
47.51%
3Y*
16.86%
5Y*
13.50%
10Y*
9.09%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MDEV vs. COMT - Yearly Performance Comparison

2026 (YTD)20252024202320222021
MDEV
First Trust Indxx Medical Devices ETF		-11.48%2.00%1.79%7.55%-28.59%4.16%
COMT
iShares Commodities Select Strategy ETF		39.67%6.07%5.96%-6.56%19.45%7.59%

Correlation

The correlation between MDEV and COMT is -0.28, 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

-0.28

Correlation (3Y)
Calculated over the trailing 3-year period

-0.05

Correlation (All Time)
Calculated using the full available price history since Jun 24, 2021

0.04

The correlation between MDEV and COMT shifts across timeframes, from -0.28 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.

MDEV vs. COMT - Sectors Allocation Comparison

Sectors
MDEV
COMT

Healthcare

100.0%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

100.0%

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Healthcare

MDEV
100.0%
COMT

-

Basic Materials

MDEV

-

COMT

-

Communication Services

MDEV

-

COMT

-

Consumer Cyclical

MDEV

-

COMT

-

Consumer Defensive

MDEV

-

COMT

-

Energy

MDEV

-

COMT

-

Financial Services

MDEV

-

COMT
100.0%

Industrials

MDEV

-

COMT

-

Real Estate

MDEV

-

COMT

-

Technology

MDEV

-

COMT

-

Utilities

MDEV

-

COMT

-

Compare stocks, funds, or ETFs

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First Trust Indxx Medical Devices ETF

iShares Commodities Select Strategy ETF

Often compared with MDEV:
MDEV vs. XHEMDEV vs. HTECMDEV vs. IHIMDEV vs. IHFMDEV vs. FXHMDEV vs. ARKGMDEV vs. QQQ
Often compared with COMT:
COMT vs. PDBCCOMT vs. GSGCOMT vs. VCMDXCOMT vs. COMCOMT vs. CMDYCOMT vs. BCICOMT vs. FTGC

Return for Risk

MDEV vs. COMT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MDEV
MDEV Risk / Return Rank: 55
Overall Rank
MDEV Sharpe Ratio Rank: 55
Sharpe Ratio Rank
MDEV Sortino Ratio Rank: 55
Sortino Ratio Rank
MDEV Omega Ratio Rank: 55
Omega Ratio Rank
MDEV Calmar Ratio Rank: 55
Calmar Ratio Rank
MDEV Martin Ratio Rank: 44
Martin Ratio Rank
COMT
COMT Risk / Return Rank: 7171
Overall Rank
COMT Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
COMT Sortino Ratio Rank: 6060
Sortino Ratio Rank
COMT Omega Ratio Rank: 6464
Omega Ratio Rank
COMT Calmar Ratio Rank: 9191
Calmar Ratio Rank
COMT Martin Ratio Rank: 7373
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MDEV vs. COMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Medical Devices ETF (MDEV) 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.

MDEVCOMTDifference
Sharpe ratioReturn per unit of total volatility
-0.44
2.24

-2.68

Sortino ratioReturn per unit of downside risk
-0.53
2.88

-3.41

Omega ratioGain probability vs. loss probability

0.94

1.40

-0.46

Calmar ratioReturn relative to maximum drawdown

-0.39

5.95

-6.34

Martin ratioReturn relative to average drawdown

-0.98

14.11

-15.09

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MDEV vs. COMT - Sharpe Ratio Comparison

The current MDEV Sharpe Ratio is -0.44, which is lower than the COMT Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of MDEV and COMT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

MDEVCOMTDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.44

2.24

-2.68

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.64

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.48

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.32

0.20

-0.52

Drawdowns

MDEV vs. COMT - Drawdown Comparison

The maximum MDEV drawdown since its inception was -42.34%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for MDEV and COMT.

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Drawdown Indicators

MDEVCOMTDifference

Max Drawdown

Largest peak-to-trough decline

-42.34%

-51.89%

+9.55%

Max Drawdown (1Y)

Largest decline over 1 year

-18.13%

-8.02%

-10.11%

Max Drawdown (3Y)

Largest decline over 3 years

-22.50%

-13.31%

-9.19%

Max Drawdown (5Y)

Largest decline over 5 years

—

-29.00%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.22%

—

Current Drawdown

Current decline from peak

-33.76%

-4.82%

-28.94%

Average Drawdown

Average peak-to-trough decline

-25.65%

-24.07%

-1.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.22%

3.38%

+3.84%

Volatility

MDEV vs. COMT - Volatility Comparison

The current volatility for First Trust Indxx Medical Devices ETF (MDEV) is 4.60%, while iShares Commodities Select Strategy ETF (COMT) has a volatility of 7.37%. This indicates that MDEV 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

MDEVCOMTDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.60%

7.37%

-2.77%

Volatility (6M)

Calculated over the trailing 6-month period

11.42%

18.80%

-7.38%

Volatility (1Y)

Calculated over the trailing 1-year period

16.00%

21.29%

-5.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.98%

21.06%

-2.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.98%

18.89%

+0.09%

MDEV vs. COMT - Expense Ratio Comparison

MDEV has a 0.70% expense ratio, which is higher than COMT's 0.48% expense ratio.

Dividends

MDEV vs. COMT - Dividend Comparison

MDEV has not paid dividends to shareholders, while COMT's dividend yield for the trailing twelve months is around 5.54%.

PositionTTM20252024202320222021202020192018201720162015
COMT
iShares Commodities Select Strategy ETF		5.54%7.74%4.90%5.19%29.79%17.79%0.36%2.61%11.65%5.16%0.52%1.44%
MDEV
First Trust Indxx Medical Devices ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

MDEV and COMT have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

COMT has higher volatility (7.37%) compared to MDEV (4.60%). In terms of maximum drawdown, MDEV dropped -42.34% vs COMT's -51.89%.

On 3-year performance, COMT leads with 16.86% vs -2.86% for MDEV. On fees, COMT is cheaper at 0.48% per year. On volatility, MDEV has been the lower-risk option at 4.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, COMT has performed better with a 16.86% return vs -2.86%. 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 0.70% for MDEV.

COMT has the higher dividend yield at 5.54%, compared with 0.00% for MDEV.

MDEV is categorized as Health & Biotech Equities, while COMT is Commodities. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.70% for MDEV and 0.48% for COMT.

COMT currently has the higher Sharpe Ratio (2.24 vs -0.44), 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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