MSLC vs. COMT
MSLC (Morgan Stanley Pathway Large Cap Equity ETF) and COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) are both exchange-traded funds - MSLC is a Large Cap Blend Equities fund actively managed by Morgan Stanley, while COMT is a Commodities fund tracking the S&P GSCI Dynamic Roll (USD) Total Return Index. MSLC is actively managed, while COMT is passively managed. Over the past year, MSLC returned 19.80% vs 32.33% for COMT. Their -0.07 correlation means they have often moved in opposite directions in the past. MSLC charges 0.39%/yr vs 0.48%/yr for COMT.
Performance
MSLC vs. COMT - Performance Comparison
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Returns By Period
In the year-to-date period, MSLC achieves a 10.46% return, which is significantly lower than COMT's 29.71% return.
MSLC
- 1D
- 1.66%
- 1M
- 2.02%
- 6M
- 8.56%
- YTD
- 10.46%
- 1Y
- 19.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.71%
COMT
- 1D
- -1.07%
- 1M
- 6.95%
- 6M
- 22.67%
- YTD
- 29.71%
- 1Y
- 32.33%
- 3Y*
- 10.69%
- 5Y*
- 11.95%
- 10Y*
- 8.65%
- ALL TIME*
- 3.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.37M | $10.68M | $14.03M | |
| $3.52M | $3.51M | $4.69M |
MSLC vs. COMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MSLC Morgan Stanley Pathway Large Cap Equity ETF | 10.46% | 15.68% | -3.29% |
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 29.71% | 6.07% | 3.24% |
Correlation
The correlation between MSLC and COMT is -0.21, 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. | -0.21 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2024 | -0.07 |
The correlation between MSLC and COMT shifts across timeframes, from -0.21 (1 year) to -0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MSLC vs. COMT — Risk / Return Rank
MSLC
COMT
MSLC vs. COMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Pathway Large Cap Equity ETF (MSLC) 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.
| MSLC | COMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.27 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 1.85 | +0.29 |
| Martin ratioReturn relative to average drawdown | 8.94 | 5.74 | +3.21 |
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Drawdowns
MSLC vs. COMT - Drawdown Comparison
The maximum MSLC drawdown since its inception was -17.86%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for MSLC and COMT.
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Drawdown Indicators
| MSLC | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.86% | -51.89% | +34.03% |
Max Drawdown (1Y)Largest decline over 1 year | -9.31% | -17.57% | +8.26% |
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 | 0.00% | -11.61% | +11.61% |
Average DrawdownAverage peak-to-trough decline | -2.36% | -23.90% | +21.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 5.65% | -3.43% |
Volatility
MSLC vs. COMT - Volatility Comparison
The current volatility for Morgan Stanley Pathway Large Cap Equity ETF (MSLC) is 3.73%, while iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) has a volatility of 5.28%. This indicates that MSLC 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
| MSLC | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.73% | 5.28% | -1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 9.90% | 19.54% | -9.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.54% | 21.66% | -9.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.84% | 21.10% | -4.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 18.86% | -2.02% |
MSLC vs. COMT - Expense Ratio Comparison
MSLC has a 0.39% expense ratio, which is lower than COMT's 0.48% expense ratio.
Dividends
MSLC vs. COMT - Dividend Comparison
MSLC's dividend yield for the trailing twelve months is around 1.94%, less than COMT's 5.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 5.97% | 7.74% | 4.90% | 5.19% | 29.79% | 17.79% | 0.36% | 2.61% | 11.65% | 5.16% | 0.52% | 1.44% |
MSLC Morgan Stanley Pathway Large Cap Equity ETF | 1.94% | 2.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MSLC and COMT have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COMT has higher volatility (5.28%) compared to MSLC (3.73%). In terms of maximum drawdown, MSLC dropped -17.86% vs COMT's -51.89%.
On 1-year performance, COMT leads with 32.33% vs 19.80% for MSLC. On fees, MSLC is cheaper at 0.39% per year. On volatility, MSLC has been the lower-risk option at 3.73%. 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 32.33% return vs 19.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MSLC is cheaper with a 0.39% expense ratio, compared with 0.48% for COMT.
COMT has the higher dividend yield at 5.97%, compared with 1.94% for MSLC.
MSLC is categorized as Large Cap Blend Equities, while COMT is Commodities. They also come from different issuers: Morgan Stanley and iShares. Their fees differ too: 0.39% for MSLC and 0.48% for COMT.
MSLC currently has the higher Sharpe Ratio (1.59 vs 1.50), 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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