PFLD vs. COMT

Last updated Jun 4, 2026

PFLD (AAM Low Duration Preferred and Income Securities ETF 144A) and COMT (iShares Commodities Select Strategy ETF) are both exchange-traded funds - PFLD is a Preferred Stock/Convertible Bonds fund tracking the ICE 0-5 Year Duration Exchange-Listed Preferred & Hybrid Securities Index, while COMT is a Commodities fund actively managed by iShares. PFLD is passively managed, while COMT is actively managed. Over the past 5 years, PFLD returned 1.04%/yr vs 13.50%/yr for COMT. At a 0.09 correlation, their price movements are largely independent. PFLD charges 0.45%/yr vs 0.48%/yr for COMT.

Performance

PFLD vs. COMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAM Low Duration Preferred and Income Securities ETF 144A (PFLD) 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, PFLD achieves a 2.69% return, which is significantly lower than COMT's 39.67% return.

PFLD

• 1D: 0.05%
• 1M: 0.74%
• YTD: 2.69%
• 6M: 2.90%
• 1Y: 6.25%
• 3Y*: 4.93%
• 5Y*: 1.04%
• 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)

PFLD vs. COMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PFLD AAM Low Duration Preferred and Income Securities ETF 144A	2.69%	1.44%	5.48%	8.16%	-12.73%	4.49%	5.34%	1.04%
COMT iShares Commodities Select Strategy ETF	39.67%	6.07%	5.96%	-6.56%	19.45%	36.88%	-18.66%	5.45%

Correlation

The correlation between PFLD and COMT is -0.14, 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	-0.14
Correlation (3Y) Calculated over the trailing 3-year period	-0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.05
Correlation (All Time) Calculated using the full available price history since Nov 21, 2019	0.09

The correlation between PFLD and COMT shifts across timeframes, from -0.14 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.

PFLD vs. COMT - Sectors Allocation Comparison

Sectors	PFLD	COMT
Utilities	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	100.0%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-

Return for Risk

PFLD vs. COMT — Risk / Return Rank

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

PFLD

PFLD Risk / Return Rank: 60
PFLD Sharpe Ratio Rank: 54
PFLD Sortino Ratio Rank: 65
PFLD Omega Ratio Rank: 57
PFLD Calmar Ratio Rank: 57
PFLD Martin Ratio Rank: 68

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.

PFLD vs. COMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AAM Low Duration Preferred and Income Securities ETF 144A (PFLD) 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.

	PFLD	COMT	Difference
Sharpe ratio: Return per unit of total volatility	1.85	2.24	-0.39
Sortino ratio: Return per unit of downside risk	3.01	2.88	+0.13
Omega ratio: Gain probability vs. loss probability	1.35	1.40	-0.05
Calmar ratio: Return relative to maximum drawdown	2.81	5.95	-3.14
Martin ratio: Return relative to average drawdown	12.46	14.11	-1.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PFLD vs. COMT - Sharpe Ratio Comparison

The current PFLD Sharpe Ratio is 1.85, which is comparable to the COMT Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of PFLD 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

	PFLD	COMT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.85	2.24	-0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.14	0.64	-0.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.20	-0.04

Drawdowns

PFLD vs. COMT - Drawdown Comparison

The maximum PFLD drawdown since its inception was -33.20%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for PFLD and COMT.

Drawdown Indicators

	PFLD	COMT	Difference
Max Drawdown Largest peak-to-trough decline	-33.20%	-51.89%	+18.69%
Max Drawdown (1Y) Largest decline over 1 year	-2.23%	-8.02%	+5.79%
Max Drawdown (3Y) Largest decline over 3 years	-6.41%	-13.31%	+6.90%
Max Drawdown (5Y) Largest decline over 5 years	-15.51%	-29.00%	+13.49%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.22%	—
Current Drawdown Current decline from peak	0.00%	-4.82%	+4.82%
Average Drawdown Average peak-to-trough decline	-4.17%	-24.07%	+19.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.50%	3.38%	-2.88%

Volatility

PFLD vs. COMT - Volatility Comparison

The current volatility for AAM Low Duration Preferred and Income Securities ETF 144A (PFLD) is 0.84%, while iShares Commodities Select Strategy ETF (COMT) has a volatility of 7.37%. This indicates that PFLD 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

	PFLD	COMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.84%	7.37%	-6.53%
Volatility (6M) Calculated over the trailing 6-month period	2.26%	18.80%	-16.54%
Volatility (1Y) Calculated over the trailing 1-year period	3.39%	21.29%	-17.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.50%	21.06%	-13.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.38%	18.89%	-5.51%

PFLD vs. COMT - Expense Ratio Comparison

PFLD has a 0.45% expense ratio, which is lower than COMT's 0.48% expense ratio.

Dividends

PFLD vs. COMT - Dividend Comparison

PFLD's dividend yield for the trailing twelve months is around 5.60%, more than COMT's 5.54% yield.

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%
PFLD AAM Low Duration Preferred and Income Securities ETF 144A	5.60%	6.52%	7.09%	7.09%	5.76%	4.52%	4.79%	0.82%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PFLD and COMT in my portfolio?

PFLD and COMT have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PFLD or COMT?

COMT has higher volatility (7.37%) compared to PFLD (0.84%). In terms of maximum drawdown, PFLD dropped -33.20% vs COMT's -51.89%.

Which ETF is better, PFLD or COMT?

On 5-year performance, COMT leads with 13.50% vs 1.04% for PFLD. On fees, PFLD is cheaper at 0.45% per year. On volatility, PFLD has been the lower-risk option at 0.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PFLD or COMT?

Over the 5-year period, COMT has performed better with a 13.50% return vs 1.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PFLD or COMT?

PFLD is cheaper with a 0.45% expense ratio, compared with 0.48% for COMT.

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

PFLD has the higher dividend yield at 5.60%, compared with 5.54% for COMT.

What is the main difference between PFLD and COMT?

PFLD is categorized as Preferred Stock/Convertible Bonds, while COMT is Commodities. They also come from different issuers: Advisors Asset Management and iShares. Their fees differ too: 0.45% for PFLD and 0.48% for COMT.

Which has better risk-adjusted returns?

COMT currently has the higher Sharpe Ratio (2.24 vs 1.85), 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.