NAPR vs. COMT

Last updated Jun 4, 2026

NAPR (Innovator Nasdaq-100 Power Buffer ETF - April) and COMT (iShares Commodities Select Strategy ETF) are both exchange-traded funds - NAPR is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while COMT is a Commodities fund actively managed by iShares. NAPR is passively managed, while COMT is actively managed. Over the past 5 years, NAPR returned 10.10%/yr vs 13.50%/yr for COMT. At a 0.09 correlation, their price movements are largely independent. NAPR charges 0.79%/yr vs 0.48%/yr for COMT.

Performance

NAPR vs. COMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Nasdaq-100 Power Buffer ETF - April (NAPR) and iShares Commodities Select Strategy ETF (COMT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NAPR achieves a 10.51% return, which is significantly lower than COMT's 39.67% return.

NAPR

• 1D: -0.12%
• 1M: 2.09%
• YTD: 10.51%
• 6M: 11.15%
• 1Y: 18.45%
• 3Y*: 13.26%
• 5Y*: 10.10%
• 10Y*: —

COMT

• 1D: 0.78%
• 1M: -4.35%
• YTD: 39.67%
• 6M: 39.06%
• 1Y: 47.51%
• 3Y*: 16.86%
• 5Y*: 13.50%
• 10Y*: 9.09%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NAPR vs. COMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
NAPR Innovator Nasdaq-100 Power Buffer ETF - April	10.51%	6.56%	13.29%	30.60%	-12.13%	9.09%	15.90%
COMT iShares Commodities Select Strategy ETF	39.67%	6.07%	5.96%	-6.56%	19.45%	36.88%	23.25%

Correlation

The correlation between NAPR and COMT is -0.21, 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	-0.21
Correlation (3Y) Calculated over the trailing 3-year period	-0.00
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (All Time) Calculated using the full available price history since Apr 2, 2020	0.09

The correlation between NAPR and COMT shifts across timeframes, from -0.21 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.

NAPR vs. COMT - Sectors Allocation Comparison

Sectors	NAPR	COMT
Technology	50.7%	-
Communication Services	15.8%	-
Consumer Cyclical	12.5%	-
Consumer Defensive	8.7%	-
Healthcare	5.1%	-
Industrials	3.3%	-
Utilities	1.6%	-
Basic Materials	1.3%	-
Energy	0.7%	-
Financial Services	0.2%	100.0%
Real Estate	0.1%	-

Return for Risk

NAPR vs. COMT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NAPR

NAPR Risk / Return Rank: 98
NAPR Sharpe Ratio Rank: 97
NAPR Sortino Ratio Rank: 98
NAPR Omega Ratio Rank: 98
NAPR Calmar Ratio Rank: 98
NAPR Martin Ratio Rank: 98

COMT

COMT Risk / Return Rank: 71
COMT Sharpe Ratio Rank: 66
COMT Sortino Ratio Rank: 60
COMT Omega Ratio Rank: 64
COMT Calmar Ratio Rank: 91
COMT Martin Ratio Rank: 73

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.

NAPR vs. COMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Nasdaq-100 Power Buffer ETF - April (NAPR) 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.

	NAPR	COMT	Difference
Sharpe ratio: Return per unit of total volatility	4.78	2.24	+2.54
Sortino ratio: Return per unit of downside risk	8.66	2.88	+5.78
Omega ratio: Gain probability vs. loss probability	2.18	1.40	+0.79
Calmar ratio: Return relative to maximum drawdown	14.95	5.95	+9.00
Martin ratio: Return relative to average drawdown	84.84	14.11	+70.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NAPR vs. COMT - Sharpe Ratio Comparison

The current NAPR Sharpe Ratio is 4.78, which is higher than the COMT Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of NAPR 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.

Sharpe Ratios by Period

	NAPR	COMT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.78	2.24	+2.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	0.64	+0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.07	0.20	+0.86

Drawdowns

NAPR vs. COMT - Drawdown Comparison

The maximum NAPR drawdown since its inception was -16.53%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for NAPR and COMT.

Drawdown Indicators

	NAPR	COMT	Difference
Max Drawdown Largest peak-to-trough decline	-16.53%	-51.89%	+35.36%
Max Drawdown (1Y) Largest decline over 1 year	-1.24%	-8.02%	+6.78%
Max Drawdown (3Y) Largest decline over 3 years	-14.52%	-13.31%	-1.21%
Max Drawdown (5Y) Largest decline over 5 years	-16.53%	-29.00%	+12.47%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.22%	—
Current Drawdown Current decline from peak	-0.12%	-4.82%	+4.70%
Average Drawdown Average peak-to-trough decline	-2.28%	-24.07%	+21.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.22%	3.38%	-3.16%

Volatility

NAPR vs. COMT - Volatility Comparison

The current volatility for Innovator Nasdaq-100 Power Buffer ETF - April (NAPR) is 1.10%, while iShares Commodities Select Strategy ETF (COMT) has a volatility of 7.37%. This indicates that NAPR 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.

Volatility by Period

	NAPR	COMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.10%	7.37%	-6.27%
Volatility (6M) Calculated over the trailing 6-month period	2.82%	18.80%	-15.98%
Volatility (1Y) Calculated over the trailing 1-year period	3.89%	21.29%	-17.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.27%	21.06%	-9.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.61%	18.89%	-8.28%

NAPR vs. COMT - Expense Ratio Comparison

NAPR has a 0.79% expense ratio, which is higher than COMT's 0.48% expense ratio.

Dividends

NAPR vs. COMT - Dividend Comparison

NAPR has not paid dividends to shareholders, while COMT's dividend yield for the trailing twelve months is around 5.54%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COMT iShares Commodities Select Strategy ETF	5.54%	7.74%	4.90%	5.19%	29.79%	17.79%	0.36%	2.61%	11.65%	5.16%	0.52%	1.44%
NAPR Innovator Nasdaq-100 Power Buffer ETF - April	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NAPR and COMT in my portfolio?

NAPR 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.

Which is riskier, NAPR or COMT?

COMT has higher volatility (7.37%) compared to NAPR (1.10%). In terms of maximum drawdown, NAPR dropped -16.53% vs COMT's -51.89%.

Which ETF is better, NAPR or COMT?

On 5-year performance, COMT leads with 13.50% vs 10.10% for NAPR. On fees, COMT is cheaper at 0.48% per year. On volatility, NAPR has been the lower-risk option at 1.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NAPR or COMT?

Over the 5-year period, COMT has performed better with a 13.50% return vs 10.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NAPR or COMT?

COMT is cheaper with a 0.48% expense ratio, compared with 0.79% for NAPR.

Which ETF pays a higher dividend yield, NAPR or COMT?

COMT has the higher dividend yield at 5.54%, compared with 0.00% for NAPR.

What is the main difference between NAPR and COMT?

NAPR is categorized as Nasdaq-100, while COMT is Commodities. They also come from different issuers: Innovator and iShares. Their fees differ too: 0.79% for NAPR and 0.48% for COMT.

Which has better risk-adjusted returns?

NAPR currently has the higher Sharpe Ratio (4.78 vs 2.24), 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.