NFTY vs. COMT
NFTY (First Trust India NIFTY 50 Equal Weight ETF) and COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) are both exchange-traded funds - NFTY is a India Equities fund tracking the NIFTY 50 Equal Weight Index, while COMT is a Commodities fund tracking the S&P GSCI Dynamic Roll (USD) Total Return Index. Both are passively managed. Over the past 10 years, NFTY returned 7.23%/yr vs 8.33%/yr for COMT. At a 0.15 correlation, their price movements are largely independent. NFTY charges 0.80%/yr vs 0.48%/yr for COMT.
Performance
NFTY vs. COMT - Performance Comparison
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Returns By Period
In the year-to-date period, NFTY achieves a -8.35% return, which is significantly lower than COMT's 30.19% return. Over the past 10 years, NFTY has underperformed COMT with an annualized return of 7.23%, while COMT has yielded a comparatively higher 8.33% annualized return.
NFTY
- 1D
- -0.21%
- 1M
- -1.78%
- 6M
- -7.54%
- YTD
- -8.35%
- 1Y
- -9.06%
- 3Y*
- 4.29%
- 5Y*
- 5.57%
- 10Y*
- 7.23%
COMT
- 1D
- -0.49%
- 1M
- 2.53%
- 6M
- 26.18%
- YTD
- 30.19%
- 1Y
- 33.20%
- 3Y*
- 12.71%
- 5Y*
- 11.75%
- 10Y*
- 8.33%
NFTY vs. COMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NFTY First Trust India NIFTY 50 Equal Weight ETF | -8.35% | 5.47% | 5.18% | 24.00% | -3.46% | 26.83% | 10.04% | 0.58% | -1.51% | 21.78% |
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 30.19% | 6.07% | 5.96% | -6.56% | 19.45% | 36.88% | -18.66% | 10.81% | -6.67% | 11.70% |
Correlation
The correlation between NFTY and COMT is -0.33, 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 | -0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2014 | 0.15 |
The correlation between NFTY and COMT shifts across timeframes, from -0.33 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NFTY vs. COMT — Risk / Return Rank
NFTY
COMT
NFTY vs. COMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust India NIFTY 50 Equal Weight ETF (NFTY) 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.
| NFTY | COMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.17 | ||
| Sortino ratioReturn per unit of downside risk | -2.98 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.27 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 1.90 | -2.46 |
| Martin ratioReturn relative to average drawdown | -1.34 | 6.35 | -7.68 |
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Drawdowns
NFTY vs. COMT - Drawdown Comparison
The maximum NFTY drawdown since its inception was -47.67%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for NFTY and COMT.
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Drawdown Indicators
| NFTY | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.67% | -51.89% | +4.22% |
Max Drawdown (1Y)Largest decline over 1 year | -16.14% | -17.57% | +1.43% |
Max Drawdown (3Y)Largest decline over 3 years | -21.55% | -17.57% | -3.98% |
Max Drawdown (5Y)Largest decline over 5 years | -21.55% | -29.00% | +7.45% |
Max Drawdown (10Y)Largest decline over 10 years | -47.67% | -39.22% | -8.45% |
Current DrawdownCurrent decline from peak | -16.22% | -11.28% | -4.94% |
Average DrawdownAverage peak-to-trough decline | -9.63% | -23.95% | +14.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.82% | 5.24% | +1.58% |
Volatility
NFTY vs. COMT - Volatility Comparison
The current volatility for First Trust India NIFTY 50 Equal Weight ETF (NFTY) is 3.01%, while iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) has a volatility of 5.91%. This indicates that NFTY 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
| NFTY | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.01% | 5.91% | -2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 12.58% | 19.67% | -7.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.72% | 21.54% | -6.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.40% | 21.20% | -3.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.64% | 18.85% | +1.79% |
NFTY vs. COMT - Expense Ratio Comparison
NFTY has a 0.80% expense ratio, which is higher than COMT's 0.48% expense ratio.
Dividends
NFTY vs. COMT - Dividend Comparison
NFTY's dividend yield for the trailing twelve months is around 1.93%, less than COMT's 5.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 5.95% | 7.74% | 4.90% | 5.19% | 29.79% | 17.79% | 0.36% | 2.61% | 11.65% | 5.16% | 0.52% | 1.44% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | 1.93% | 1.24% | 1.61% | 0.13% | 5.89% | 1.53% | 0.61% | 0.97% | 0.00% | 4.10% | 3.28% | 4.39% |
Frequently Asked Questions
NFTY and COMT have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COMT has higher volatility (5.91%) compared to NFTY (3.01%). In terms of maximum drawdown, NFTY dropped -47.67% vs COMT's -51.89%.
On 10-year performance, COMT leads with 8.33% vs 7.23% for NFTY. On fees, COMT is cheaper at 0.48% per year. On volatility, NFTY has been the lower-risk option at 3.01%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, COMT has performed better with a 8.33% return vs 7.23%. 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 0.80% for NFTY.
COMT has the higher dividend yield at 5.95%, compared with 1.93% for NFTY.
NFTY is categorized as India Equities, while COMT is Commodities. NFTY tracks NIFTY 50 Equal Weight Index, while COMT tracks S&P GSCI Dynamic Roll (USD) Total Return Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.80% for NFTY and 0.48% for COMT.
COMT currently has the higher Sharpe Ratio (1.55 vs -0.62), 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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