MGMT vs. COMT
MGMT (Ballast Small/Mid Cap ETF) and COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) are both exchange-traded funds - MGMT is a Mid Cap Blend Equities fund actively managed by Inverdale Capital Management LLC, while COMT is a Commodities fund tracking the S&P GSCI Dynamic Roll (USD) Total Return Index. MGMT is actively managed, while COMT is passively managed. Over the past 5 years, MGMT returned 8.49%/yr vs 11.75%/yr for COMT. At a 0.22 correlation, their price movements are largely independent. MGMT charges 1.10%/yr vs 0.48%/yr for COMT.
Performance
MGMT vs. COMT - Performance Comparison
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Returns By Period
In the year-to-date period, MGMT achieves a 15.18% return, which is significantly lower than COMT's 30.19% return.
MGMT
- 1D
- 1.39%
- 1M
- 2.40%
- 6M
- 4.81%
- YTD
- 15.18%
- 1Y
- 26.16%
- 3Y*
- 12.78%
- 5Y*
- 8.49%
- 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%
MGMT vs. COMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MGMT Ballast Small/Mid Cap ETF | 15.18% | 6.96% | 12.95% | 17.87% | -14.54% | 40.77% | 5.49% |
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 30.19% | 6.07% | 5.96% | -6.56% | 19.45% | 36.88% | 4.14% |
Correlation
The correlation between MGMT 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 (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2020 | 0.22 |
The correlation between MGMT and COMT shifts across timeframes, from -0.10 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MGMT vs. COMT — Risk / Return Rank
MGMT
COMT
MGMT vs. COMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ballast Small/Mid Cap ETF (MGMT) 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.
| MGMT | COMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.27 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 1.90 | +0.24 |
| Martin ratioReturn relative to average drawdown | 6.48 | 6.35 | +0.13 |
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Drawdowns
MGMT vs. COMT - Drawdown Comparison
The maximum MGMT drawdown since its inception was -24.95%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for MGMT and COMT.
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Drawdown Indicators
| MGMT | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.95% | -51.89% | +26.94% |
Max Drawdown (1Y)Largest decline over 1 year | -12.32% | -17.57% | +5.25% |
Max Drawdown (3Y)Largest decline over 3 years | -23.76% | -17.57% | -6.19% |
Max Drawdown (5Y)Largest decline over 5 years | -24.95% | -29.00% | +4.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.22% | — |
Current DrawdownCurrent decline from peak | 0.00% | -11.28% | +11.28% |
Average DrawdownAverage peak-to-trough decline | -6.62% | -23.95% | +17.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.05% | 5.24% | -1.19% |
Volatility
MGMT vs. COMT - Volatility Comparison
The current volatility for Ballast Small/Mid Cap ETF (MGMT) is 3.99%, while iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) has a volatility of 5.91%. This indicates that MGMT 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
| MGMT | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 5.91% | -1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 12.02% | 19.67% | -7.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.29% | 21.54% | -4.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.48% | 21.20% | -1.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.48% | 18.85% | +0.63% |
MGMT vs. COMT - Expense Ratio Comparison
MGMT has a 1.10% expense ratio, which is higher than COMT's 0.48% expense ratio.
Dividends
MGMT vs. COMT - Dividend Comparison
MGMT's dividend yield for the trailing twelve months is around 0.30%, 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% |
MGMT Ballast Small/Mid Cap ETF | 0.30% | 0.34% | 0.51% | 1.16% | 0.90% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MGMT 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.
COMT has higher volatility (5.91%) compared to MGMT (3.99%). In terms of maximum drawdown, MGMT dropped -24.95% vs COMT's -51.89%.
On 5-year performance, COMT leads with 11.75% vs 8.49% for MGMT. On fees, COMT is cheaper at 0.48% per year. On volatility, MGMT has been the lower-risk option at 3.99%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, COMT has performed better with a 11.75% return vs 8.49%. 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 1.10% for MGMT.
COMT has the higher dividend yield at 5.95%, compared with 0.30% for MGMT.
MGMT is categorized as Mid Cap Blend Equities, while COMT is Commodities. They also come from different issuers: Inverdale Capital Management LLC and iShares. Their fees differ too: 1.10% for MGMT and 0.48% for COMT.
COMT currently has the higher Sharpe Ratio (1.55 vs 1.52), 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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