PJIO vs. COMT
PJIO (PGIM Jennison International Opportunities ETF) and COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) are both exchange-traded funds - PJIO is a Foreign Large Cap Equities fund actively managed by PGIM, while COMT is a Commodities fund tracking the S&P GSCI Dynamic Roll (USD) Total Return Index. PJIO is actively managed, while COMT is passively managed. Over the past year, PJIO returned -0.53% vs 33.20% for COMT. At a correlation of -0.02, they often move in opposite directions. PJIO charges 0.90%/yr vs 0.48%/yr for COMT.
Performance
PJIO vs. COMT - Performance Comparison
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Returns By Period
In the year-to-date period, PJIO achieves a 0.13% return, which is significantly lower than COMT's 30.19% return.
PJIO
- 1D
- -3.43%
- 1M
- -9.11%
- 6M
- -3.07%
- YTD
- 0.13%
- 1Y
- -0.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
PJIO vs. COMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PJIO PGIM Jennison International Opportunities ETF | 0.13% | 17.75% | 4.59% | -0.27% |
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 30.19% | 6.07% | 5.96% | -1.50% |
Correlation
The correlation between PJIO and COMT is -0.19, 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 | -0.19 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2023 | -0.02 |
The correlation between PJIO and COMT shifts across timeframes, from -0.19 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PJIO vs. COMT — Risk / Return Rank
PJIO
COMT
PJIO vs. COMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison International Opportunities ETF (PJIO) 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.
| PJIO | COMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.57 | ||
| Sortino ratioReturn per unit of downside risk | -1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.27 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 1.90 | -1.93 |
| Martin ratioReturn relative to average drawdown | -0.08 | 6.35 | -6.43 |
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Drawdowns
PJIO vs. COMT - Drawdown Comparison
The maximum PJIO drawdown since its inception was -19.26%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for PJIO and COMT.
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Drawdown Indicators
| PJIO | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.26% | -51.89% | +32.63% |
Max Drawdown (1Y)Largest decline over 1 year | -19.26% | -17.57% | -1.69% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.57% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.00% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.22% | — |
Current DrawdownCurrent decline from peak | -13.43% | -11.28% | -2.15% |
Average DrawdownAverage peak-to-trough decline | -4.31% | -23.95% | +19.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.29% | 5.24% | +1.05% |
Volatility
PJIO vs. COMT - Volatility Comparison
PGIM Jennison International Opportunities ETF (PJIO) has a higher volatility of 11.75% compared to iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) at 5.91%. This indicates that PJIO's price experiences larger fluctuations and is considered to be riskier 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
| PJIO | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.75% | 5.91% | +5.84% |
Volatility (6M)Calculated over the trailing 6-month period | 23.79% | 19.67% | +4.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.79% | 21.54% | +4.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.33% | 21.20% | +1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.33% | 18.85% | +3.48% |
PJIO vs. COMT - Expense Ratio Comparison
PJIO has a 0.90% expense ratio, which is higher than COMT's 0.48% expense ratio.
Dividends
PJIO vs. COMT - Dividend Comparison
PJIO's dividend yield for the trailing twelve months is around 0.19%, 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% |
PJIO PGIM Jennison International Opportunities ETF | 0.19% | 0.19% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PJIO and COMT have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PJIO has higher volatility (11.75%) compared to COMT (5.91%). In terms of maximum drawdown, PJIO dropped -19.26% vs COMT's -51.89%.
On 1-year performance, COMT leads with 33.20% vs -0.53% for PJIO. On fees, COMT is cheaper at 0.48% per year. On volatility, COMT has been the lower-risk option at 5.91%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, COMT has performed better with a 33.20% return vs -0.53%. 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 0.90% for PJIO.
COMT has the higher dividend yield at 5.95%, compared with 0.19% for PJIO.
PJIO is categorized as Foreign Large Cap Equities, while COMT is Commodities. They also come from different issuers: PGIM and iShares. Their fees differ too: 0.90% for PJIO and 0.48% for COMT.
COMT currently has the higher Sharpe Ratio (1.55 vs -0.02), 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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