MVPL vs. COMT
MVPL (Miller Value Partners Leverage ETF) and COMT (iShares Commodities Select Strategy ETF) are both exchange-traded funds - MVPL is a Leveraged Equities fund actively managed by Miller, while COMT is a Commodities fund actively managed by iShares. Both are actively managed. Over the past year, MVPL returned 43.46% vs 41.55% for COMT. At a 0.01 correlation, their price movements are largely independent. MVPL charges 1.72%/yr vs 0.48%/yr for COMT.
Performance
MVPL vs. COMT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MVPL achieves a 14.20% return, which is significantly lower than COMT's 34.61% return.
MVPL
- 1D
- -5.03%
- 1M
- 0.46%
- YTD
- 14.20%
- 6M
- 13.45%
- 1Y
- 43.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COMT
- 1D
- -2.10%
- 1M
- -3.15%
- YTD
- 34.61%
- 6M
- 32.76%
- 1Y
- 41.55%
- 3Y*
- 15.38%
- 5Y*
- 12.66%
- 10Y*
- 8.45%
MVPL vs. COMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MVPL Miller Value Partners Leverage ETF | 14.20% | 25.67% | 24.16% |
COMT iShares Commodities Select Strategy ETF | 34.61% | 6.07% | 3.64% |
Correlation
The correlation between MVPL and COMT is -0.19, 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 | -0.19 |
Correlation (All Time) Calculated using the full available price history since Feb 29, 2024 | 0.01 |
The correlation between MVPL and COMT shifts across timeframes, from -0.19 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MVPL vs. COMT — Risk / Return Rank
MVPL
COMT
MVPL vs. COMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Miller Value Partners Leverage ETF (MVPL) 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.
| MVPL | COMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.35 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 5.05 | -1.61 |
| Martin ratioReturn relative to average drawdown | 11.50 | 12.11 | -0.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| MVPL | COMT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 1.94 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.60 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.16 | 0.19 | +0.97 |
Drawdowns
MVPL vs. COMT - Drawdown Comparison
The maximum MVPL drawdown since its inception was -25.68%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for MVPL and COMT.
Loading charts...
Drawdown Indicators
| MVPL | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.68% | -51.89% | +26.21% |
Max Drawdown (1Y)Largest decline over 1 year | -12.68% | -8.27% | -4.41% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.31% | — |
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 | -5.61% | -8.27% | +2.66% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -24.06% | +19.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 3.44% | +0.35% |
Volatility
MVPL vs. COMT - Volatility Comparison
Miller Value Partners Leverage ETF (MVPL) has a higher volatility of 7.41% compared to iShares Commodities Select Strategy ETF (COMT) at 6.63%. This indicates that MVPL's price experiences larger fluctuations and is considered to be riskier than COMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MVPL | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.41% | 6.63% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 16.00% | 19.03% | -3.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.88% | 21.47% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.24% | 21.08% | +4.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.24% | 18.90% | +6.34% |
MVPL vs. COMT - Expense Ratio Comparison
MVPL has a 1.72% expense ratio, which is higher than COMT's 0.48% expense ratio.
Dividends
MVPL vs. COMT - Dividend Comparison
MVPL's dividend yield for the trailing twelve months is around 0.96%, less than COMT's 5.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMT iShares Commodities Select Strategy ETF | 5.75% | 7.74% | 4.90% | 5.19% | 29.79% | 17.79% | 0.36% | 2.61% | 11.65% | 5.16% | 0.52% | 1.44% |
MVPL Miller Value Partners Leverage ETF | 0.96% | 1.10% | 7.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MVPL and COMT have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MVPL has higher volatility (7.41%) compared to COMT (6.63%). In terms of maximum drawdown, MVPL dropped -25.68% vs COMT's -51.89%.
On 1-year performance, MVPL leads with 43.46% vs 41.55% for COMT. On fees, COMT is cheaper at 0.48% per year. On volatility, COMT has been the lower-risk option at 6.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MVPL has performed better with a 43.46% return vs 41.55%. 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 1.72% for MVPL.
COMT has the higher dividend yield at 5.75%, compared with 0.96% for MVPL.
MVPL is categorized as Leveraged Equities, while COMT is Commodities. They also come from different issuers: Miller and iShares. Their fees differ too: 1.72% for MVPL and 0.48% for COMT.
MVPL currently has the higher Sharpe Ratio (2.00 vs 1.94), 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.
Find the right allocation for MVPL and COMT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer