OCTW vs. COMT

Last updated Jun 4, 2026

OCTW (AllianzIM U.S. Equity Buffer20 Oct ETF) and COMT (iShares Commodities Select Strategy ETF) are both exchange-traded funds - OCTW is a Defined Outcome fund tracking the SPDR S&P 500 ETF Trust, while COMT is a Commodities fund actively managed by iShares. OCTW is passively managed, while COMT is actively managed. Over the past 5 years, OCTW returned 8.85%/yr vs 13.50%/yr for COMT. At a 0.08 correlation, their price movements are largely independent. OCTW charges 0.74%/yr vs 0.48%/yr for COMT.

Performance

OCTW vs. COMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Equity Buffer20 Oct ETF (OCTW) 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, OCTW achieves a 4.65% return, which is significantly lower than COMT's 39.67% return.

OCTW

• 1D: -0.11%
• 1M: 1.67%
• YTD: 4.65%
• 6M: 5.17%
• 1Y: 12.50%
• 3Y*: 10.88%
• 5Y*: 8.85%
• 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)

OCTW vs. COMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
OCTW AllianzIM U.S. Equity Buffer20 Oct ETF	4.65%	9.68%	8.67%	17.57%	0.54%	6.48%	4.11%
COMT iShares Commodities Select Strategy ETF	39.67%	6.07%	5.96%	-6.56%	19.45%	36.88%	8.21%

Correlation

The correlation between OCTW and COMT is -0.20, 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	-0.20
Correlation (3Y) Calculated over the trailing 3-year period	-0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.06
Correlation (All Time) Calculated using the full available price history since Oct 2, 2020	0.08

The correlation between OCTW and COMT shifts across timeframes, from -0.20 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.

OCTW vs. COMT - Sectors Allocation Comparison

Sectors	OCTW	COMT
Technology	36.2%	-
Financial Services	11.9%	100.0%
Communication Services	10.9%	-
Consumer Cyclical	10.1%	-
Healthcare	8.4%	-
Industrials	8.1%	-
Consumer Defensive	4.9%	-
Energy	3.5%	-
Utilities	2.3%	-
Real Estate	1.9%	-
Basic Materials	1.8%	-

Return for Risk

OCTW vs. COMT — Risk / Return Rank

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

OCTW

OCTW Risk / Return Rank: 81
OCTW Sharpe Ratio Rank: 79
OCTW Sortino Ratio Rank: 84
OCTW Omega Ratio Rank: 86
OCTW Calmar Ratio Rank: 69
OCTW Martin Ratio Rank: 85

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.

OCTW vs. COMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity Buffer20 Oct ETF (OCTW) 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.

	OCTW	COMT	Difference
Sharpe ratio Return per unit of total volatility	2.56	2.24	+0.31
Sortino ratio Return per unit of downside risk	3.79	2.88	+0.91
Omega ratio Gain probability vs. loss probability	1.53	1.40	+0.13
Calmar ratio Return relative to maximum drawdown	3.43	5.95	-2.52
Martin ratio Return relative to average drawdown	17.68	14.11	+3.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OCTW vs. COMT - Sharpe Ratio Comparison

The current OCTW Sharpe Ratio is 2.56, which is comparable to the COMT Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of OCTW 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

	OCTW	COMT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.56	2.24	+0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.41	0.64	+0.77
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.48	0.20	+1.28

Drawdowns

OCTW vs. COMT - Drawdown Comparison

The maximum OCTW drawdown since its inception was -8.38%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for OCTW and COMT.

Drawdown Indicators

	OCTW	COMT	Difference
Max Drawdown Largest peak-to-trough decline	-8.38%	-51.89%	+43.51%
Max Drawdown (1Y) Largest decline over 1 year	-3.65%	-8.02%	+4.37%
Max Drawdown (3Y) Largest decline over 3 years	-8.38%	-13.31%	+4.93%
Max Drawdown (5Y) Largest decline over 5 years	-8.38%	-29.00%	+20.62%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.22%	—
Current Drawdown Current decline from peak	-0.11%	-4.82%	+4.71%
Average Drawdown Average peak-to-trough decline	-0.82%	-24.07%	+23.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.71%	3.38%	-2.67%

Volatility

OCTW vs. COMT - Volatility Comparison

The current volatility for AllianzIM U.S. Equity Buffer20 Oct ETF (OCTW) is 0.73%, while iShares Commodities Select Strategy ETF (COMT) has a volatility of 7.37%. This indicates that OCTW 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

	OCTW	COMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.73%	7.37%	-6.64%
Volatility (6M) Calculated over the trailing 6-month period	3.81%	18.80%	-14.99%
Volatility (1Y) Calculated over the trailing 1-year period	4.92%	21.29%	-16.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.29%	21.06%	-14.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.14%	18.89%	-12.75%

OCTW vs. COMT - Expense Ratio Comparison

OCTW has a 0.74% expense ratio, which is higher than COMT's 0.48% expense ratio.

Dividends

OCTW vs. COMT - Dividend Comparison

OCTW 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%
OCTW AllianzIM U.S. Equity Buffer20 Oct ETF	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 OCTW and COMT in my portfolio?

OCTW and COMT have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OCTW or COMT?

COMT has higher volatility (7.37%) compared to OCTW (0.73%). In terms of maximum drawdown, OCTW dropped -8.38% vs COMT's -51.89%.

Which ETF is better, OCTW or COMT?

On 5-year performance, COMT leads with 13.50% vs 8.85% for OCTW. On fees, COMT is cheaper at 0.48% per year. On volatility, OCTW has been the lower-risk option at 0.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OCTW or COMT?

Over the 5-year period, COMT has performed better with a 13.50% return vs 8.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OCTW or COMT?

COMT is cheaper with a 0.48% expense ratio, compared with 0.74% for OCTW.

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

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

What is the main difference between OCTW and COMT?

OCTW is categorized as Defined Outcome, while COMT is Commodities. They also come from different issuers: Allianz and iShares. Their fees differ too: 0.74% for OCTW and 0.48% for COMT.

Which has better risk-adjusted returns?

OCTW currently has the higher Sharpe Ratio (2.56 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.