OCTM vs. COMT

Last updated Jun 4, 2026

OCTM (FT Vest U.S. Equity Max Buffer ETF - October) and COMT (iShares Commodities Select Strategy ETF) are both exchange-traded funds - OCTM is a Defined Outcome fund actively managed by First Trust, while COMT is a Commodities fund actively managed by iShares. Both are actively managed. Over the past year, OCTM returned 8.16% vs 47.51% for COMT. At a correlation of -0.07, they often move in opposite directions. OCTM charges 0.85%/yr vs 0.48%/yr for COMT.

Performance

OCTM vs. COMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Max Buffer ETF - October (OCTM) 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, OCTM achieves a 2.71% return, which is significantly lower than COMT's 39.67% return.

OCTM

• 1D: -0.04%
• 1M: 0.84%
• YTD: 2.71%
• 6M: 3.16%
• 1Y: 8.16%
• 3Y*: —
• 5Y*: —
• 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)

OCTM vs. COMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
OCTM FT Vest U.S. Equity Max Buffer ETF - October	2.71%	7.03%	0.33%
COMT iShares Commodities Select Strategy ETF	39.67%	6.07%	1.73%

Correlation

The correlation between OCTM and COMT is -0.24, 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	-0.24
Correlation (All Time) Calculated using the full available price history since Oct 22, 2024	-0.07

The correlation between OCTM and COMT shifts across timeframes, from -0.24 (1 year) to -0.07 (all time), reflecting how their relationship changes across market environments.

Return for Risk

OCTM vs. COMT — Risk / Return Rank

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

OCTM

OCTM Risk / Return Rank: 93
OCTM Sharpe Ratio Rank: 93
OCTM Sortino Ratio Rank: 95
OCTM Omega Ratio Rank: 95
OCTM Calmar Ratio Rank: 87
OCTM Martin Ratio Rank: 93

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.

OCTM vs. COMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Max Buffer ETF - October (OCTM) 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.

	OCTM	COMT	Difference
Sharpe ratio Return per unit of total volatility	3.38	2.24	+1.14
Sortino ratio Return per unit of downside risk	5.34	2.88	+2.45
Omega ratio Gain probability vs. loss probability	1.74	1.40	+0.34
Calmar ratio Return relative to maximum drawdown	4.99	5.95	-0.96
Martin ratio Return relative to average drawdown	24.66	14.11	+10.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OCTM vs. COMT - Sharpe Ratio Comparison

The current OCTM Sharpe Ratio is 3.38, which is higher than the COMT Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of OCTM 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

	OCTM	COMT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.38	2.24	+1.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.64	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.04	0.20	+1.83

Drawdowns

OCTM vs. COMT - Drawdown Comparison

The maximum OCTM drawdown since its inception was -3.29%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for OCTM and COMT.

Drawdown Indicators

	OCTM	COMT	Difference
Max Drawdown Largest peak-to-trough decline	-3.29%	-51.89%	+48.60%
Max Drawdown (1Y) Largest decline over 1 year	-1.64%	-8.02%	+6.38%
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 Drawdown Current decline from peak	-0.04%	-4.82%	+4.78%
Average Drawdown Average peak-to-trough decline	-0.39%	-24.07%	+23.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.33%	3.38%	-3.05%

Volatility

OCTM vs. COMT - Volatility Comparison

The current volatility for FT Vest U.S. Equity Max Buffer ETF - October (OCTM) is 0.46%, while iShares Commodities Select Strategy ETF (COMT) has a volatility of 7.37%. This indicates that OCTM 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

	OCTM	COMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.46%	7.37%	-6.91%
Volatility (6M) Calculated over the trailing 6-month period	1.82%	18.80%	-16.98%
Volatility (1Y) Calculated over the trailing 1-year period	2.43%	21.29%	-18.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.10%	21.06%	-17.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.10%	18.89%	-15.79%

OCTM vs. COMT - Expense Ratio Comparison

OCTM has a 0.85% expense ratio, which is higher than COMT's 0.48% expense ratio.

Dividends

OCTM vs. COMT - Dividend Comparison

OCTM 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%
OCTM FT Vest U.S. Equity Max Buffer ETF - October	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 OCTM and COMT in my portfolio?

OCTM and COMT have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OCTM or COMT?

COMT has higher volatility (7.37%) compared to OCTM (0.46%). In terms of maximum drawdown, OCTM dropped -3.29% vs COMT's -51.89%.

Which ETF is better, OCTM or COMT?

On 1-year performance, COMT leads with 47.51% vs 8.16% for OCTM. On fees, COMT is cheaper at 0.48% per year. On volatility, OCTM has been the lower-risk option at 0.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OCTM or COMT?

Over the 1-year period, COMT has performed better with a 47.51% return vs 8.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OCTM or COMT?

COMT is cheaper with a 0.48% expense ratio, compared with 0.85% for OCTM.

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

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

What is the main difference between OCTM and COMT?

OCTM is categorized as Defined Outcome, while COMT is Commodities. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.85% for OCTM and 0.48% for COMT.

Which has better risk-adjusted returns?

OCTM currently has the higher Sharpe Ratio (3.38 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.