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MMIN vs. COMT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MMIN vs. COMT

Last updated Jun 5, 2026

MMIN (IQ MacKay Municipal Insured ETF) and COMT (iShares Commodities Select Strategy ETF) are both exchange-traded funds - MMIN is a Municipal Bonds fund tracking the Bloomberg Barclays Municipal All Insured Bond Index, while COMT is a Commodities fund actively managed by iShares. MMIN is passively managed, while COMT is actively managed. Over the past 5 years, MMIN returned 0.75%/yr vs 13.14%/yr for COMT. At a correlation of -0.09, they often move in opposite directions. MMIN charges 0.31%/yr vs 0.48%/yr for COMT.

Performance

MMIN vs. COMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IQ MacKay Municipal Insured ETF (MMIN) 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, MMIN achieves a 2.34% return, which is significantly lower than COMT's 37.50% return.

MMIN

1D
0.02%
1M
0.78%
YTD
2.34%
6M
2.56%
1Y
8.90%
3Y*
4.09%
5Y*
0.75%
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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MMIN vs. COMT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MMIN
IQ MacKay Municipal Insured ETF		2.34%4.65%0.93%7.45%-11.20%1.35%7.47%8.08%1.97%1.20%
COMT
iShares Commodities Select Strategy ETF		37.50%6.07%5.96%-6.56%19.45%36.88%-18.66%10.81%-6.67%7.51%

Correlation

The correlation between MMIN 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

-0.12

Correlation (5Y)
Calculated over the trailing 5-year period

-0.08

Correlation (All Time)
Calculated using the full available price history since Oct 19, 2017

-0.09

The correlation between MMIN and COMT shifts across timeframes, from -0.28 (1 year) to -0.08 (5 years), reflecting how their relationship changes across market environments.

MMIN vs. COMT - Sectors Allocation Comparison

Sectors
MMIN
COMT

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Financial Services

-0.9%
100.0%

Basic Materials

MMIN

-

COMT

-

Communication Services

MMIN

-

COMT

-

Consumer Cyclical

MMIN

-

COMT

-

Consumer Defensive

MMIN

-

COMT

-

Energy

MMIN

-

COMT

-

Healthcare

MMIN

-

COMT

-

Industrials

MMIN

-

COMT

-

Real Estate

MMIN

-

COMT

-

Technology

MMIN

-

COMT

-

Utilities

MMIN

-

COMT

-

Financial Services

MMIN
-0.9%
COMT
100.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

IQ MacKay Municipal Insured ETF

iShares Commodities Select Strategy ETF

Often compared with MMIN:
MMIN vs. ACTHXMMIN vs. OVMMMIN vs. MMITMMIN vs. JMUBMMIN vs. ZTAXMMIN vs. IWFGMMIN vs. LQD
Often compared with COMT:
COMT vs. PDBCCOMT vs. GSGCOMT vs. VCMDXCOMT vs. COMCOMT vs. CMDYCOMT vs. BCICOMT vs. FTGC

Return for Risk

MMIN vs. COMT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MMIN
MMIN Risk / Return Rank: 7272
Overall Rank
MMIN Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
MMIN Sortino Ratio Rank: 8080
Sortino Ratio Rank
MMIN Omega Ratio Rank: 8080
Omega Ratio Rank
MMIN Calmar Ratio Rank: 6464
Calmar Ratio Rank
MMIN Martin Ratio Rank: 6464
Martin Ratio Rank
COMT
COMT Risk / Return Rank: 7070
Overall Rank
COMT Sharpe Ratio Rank: 6565
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.

MMIN vs. COMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IQ MacKay Municipal Insured ETF (MMIN) 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.

MMINCOMTDifference
Sharpe ratioReturn per unit of total volatility
2.36
2.14

+0.22

Sortino ratioReturn per unit of downside risk
3.51
2.77

+0.73

Omega ratioGain probability vs. loss probability

1.47

1.38

+0.09

Calmar ratioReturn relative to maximum drawdown

3.11

5.70

-2.59

Martin ratioReturn relative to average drawdown

11.42

13.42

-2.00

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

MMIN vs. COMT - Sharpe Ratio Comparison

The current MMIN Sharpe Ratio is 2.36, which is comparable to the COMT Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of MMIN 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

MMINCOMTDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.36

2.14

+0.22

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.15

0.63

-0.48

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.47

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.38

0.20

+0.18

Drawdowns

MMIN vs. COMT - Drawdown Comparison

The maximum MMIN drawdown since its inception was -16.87%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for MMIN and COMT.

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Drawdown Indicators

MMINCOMTDifference

Max Drawdown

Largest peak-to-trough decline

-16.87%

-51.89%

+35.02%

Max Drawdown (1Y)

Largest decline over 1 year

-2.87%

-8.02%

+5.15%

Max Drawdown (3Y)

Largest decline over 3 years

-7.22%

-13.31%

+6.09%

Max Drawdown (5Y)

Largest decline over 5 years

-16.87%

-29.00%

+12.13%

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.22%

—

Current Drawdown

Current decline from peak

-0.06%

-6.30%

+6.24%

Average Drawdown

Average peak-to-trough decline

-4.32%

-24.06%

+19.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.78%

3.40%

-2.62%

Volatility

MMIN vs. COMT - Volatility Comparison

The current volatility for IQ MacKay Municipal Insured ETF (MMIN) is 1.16%, while iShares Commodities Select Strategy ETF (COMT) has a volatility of 7.46%. This indicates that MMIN 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

MMINCOMTDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.16%

7.46%

-6.30%

Volatility (6M)

Calculated over the trailing 6-month period

2.48%

18.88%

-16.40%

Volatility (1Y)

Calculated over the trailing 1-year period

3.80%

21.36%

-17.56%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.02%

21.07%

-16.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.97%

18.89%

-11.92%

MMIN vs. COMT - Expense Ratio Comparison

MMIN has a 0.31% expense ratio, which is lower than COMT's 0.48% expense ratio.

Dividends

MMIN vs. COMT - Dividend Comparison

MMIN's dividend yield for the trailing twelve months is around 4.12%, less than COMT's 5.63% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
MMIN
IQ MacKay Municipal Insured ETF		4.12%4.07%3.96%3.73%2.93%1.72%2.21%2.75%2.78%0.47%0.00%0.00%

Frequently Asked Questions

MMIN 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 (7.46%) compared to MMIN (1.16%). In terms of maximum drawdown, MMIN dropped -16.87% vs COMT's -51.89%.

On 5-year performance, COMT leads with 13.14% vs 0.75% for MMIN. On fees, MMIN is cheaper at 0.31% per year. On volatility, MMIN has been the lower-risk option at 1.16%. 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 13.14% return vs 0.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

MMIN is cheaper with a 0.31% expense ratio, compared with 0.48% for COMT.

COMT has the higher dividend yield at 5.63%, compared with 4.12% for MMIN.

MMIN is categorized as Municipal Bonds, while COMT is Commodities. They also come from different issuers: New York Life and iShares. Their fees differ too: 0.31% for MMIN and 0.48% for COMT.

MMIN currently has the higher Sharpe Ratio (2.36 vs 2.14), 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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