MTGP vs. COMT
MTGP (WisdomTree Mortgage Plus Bond Fund) and COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) are both exchange-traded funds - MTGP is a Mortgage Backed Securities fund actively managed by WisdomTree, while COMT is a Commodities fund tracking the S&P GSCI Dynamic Roll (USD) Total Return Index. MTGP is actively managed, while COMT is passively managed. Over the past 5 years, MTGP returned 0.35%/yr vs 11.04%/yr for COMT. At a correlation of -0.13, they often move in opposite directions. MTGP charges 0.45%/yr vs 0.48%/yr for COMT.
Performance
MTGP vs. COMT - Performance Comparison
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Returns By Period
In the year-to-date period, MTGP achieves a 0.56% return, which is significantly lower than COMT's 25.05% return.
MTGP
- 1D
- -0.18%
- 1M
- 0.70%
- YTD
- 0.56%
- 6M
- 0.55%
- 1Y
- 5.31%
- 3Y*
- 4.37%
- 5Y*
- 0.35%
- 10Y*
- —
COMT
- 1D
- -0.76%
- 1M
- -11.08%
- YTD
- 25.05%
- 6M
- 25.05%
- 1Y
- 21.95%
- 3Y*
- 12.36%
- 5Y*
- 11.04%
- 10Y*
- 8.06%
MTGP vs. COMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MTGP WisdomTree Mortgage Plus Bond Fund | 0.56% | 7.57% | 2.48% | 3.96% | -11.29% | -0.64% | 4.91% | 0.08% |
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 25.05% | 6.07% | 5.96% | -6.56% | 19.45% | 36.88% | -18.66% | 4.31% |
Correlation
The correlation between MTGP and COMT is -0.36, 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 | -0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2019 | -0.13 |
Over the past year, the inverse relationship between MTGP and COMT has strengthened: their correlation has moved from -0.13 to -0.36, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
MTGP vs. COMT — Risk / Return Rank
MTGP
COMT
MTGP vs. COMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Mortgage Plus Bond Fund (MTGP) 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.
| MTGP | COMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.19 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 1.49 | +0.62 |
| Martin ratioReturn relative to average drawdown | 5.40 | 6.26 | -0.86 |
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Drawdowns
MTGP vs. COMT - Drawdown Comparison
The maximum MTGP drawdown since its inception was -16.63%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for MTGP and COMT.
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Drawdown Indicators
| MTGP | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.63% | -51.89% | +35.26% |
Max Drawdown (1Y)Largest decline over 1 year | -2.53% | -14.78% | +12.25% |
Max Drawdown (3Y)Largest decline over 3 years | -6.46% | -14.78% | +8.32% |
Max Drawdown (5Y)Largest decline over 5 years | -16.63% | -29.00% | +12.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.22% | — |
Current DrawdownCurrent decline from peak | -1.18% | -14.78% | +13.60% |
Average DrawdownAverage peak-to-trough decline | -5.08% | -24.01% | +18.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 4.16% | -3.17% |
Volatility
MTGP vs. COMT - Volatility Comparison
The current volatility for WisdomTree Mortgage Plus Bond Fund (MTGP) is 0.96%, while iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) has a volatility of 5.01%. This indicates that MTGP 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
| MTGP | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 5.01% | -4.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.10% | 19.22% | -16.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.74% | 21.47% | -16.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.80% | 21.12% | -15.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.24% | 18.89% | -13.65% |
MTGP vs. COMT - Expense Ratio Comparison
MTGP has a 0.45% expense ratio, which is lower than COMT's 0.48% expense ratio.
Dividends
MTGP vs. COMT - Dividend Comparison
MTGP's dividend yield for the trailing twelve months is around 4.31%, less than COMT's 6.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 6.19% | 7.74% | 4.90% | 5.19% | 29.79% | 17.79% | 0.36% | 2.61% | 11.65% | 5.16% | 0.52% | 1.44% |
MTGP WisdomTree Mortgage Plus Bond Fund | 4.31% | 4.19% | 4.05% | 3.02% | 2.47% | 1.64% | 2.61% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MTGP and COMT have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COMT has higher volatility (5.01%) compared to MTGP (0.96%). In terms of maximum drawdown, MTGP dropped -16.63% vs COMT's -51.89%.
On 5-year performance, COMT leads with 11.04% vs 0.35% for MTGP. On fees, MTGP is cheaper at 0.45% per year. On volatility, MTGP has been the lower-risk option at 0.96%. 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 11.04% return vs 0.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MTGP is cheaper with a 0.45% expense ratio, compared with 0.48% for COMT.
COMT has the higher dividend yield at 6.19%, compared with 4.31% for MTGP.
MTGP is categorized as Mortgage Backed Securities, while COMT is Commodities. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.45% for MTGP and 0.48% for COMT.
MTGP currently has the higher Sharpe Ratio (1.13 vs 1.03), 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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