PPIE vs. COMT

Last updated Jul 17, 2026

PPIE (Putnam Panagora ESG International Equity ETF -) and COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) are both exchange-traded funds - PPIE is a Foreign Large Cap Equities fund actively managed by Putnam, while COMT is a Commodities fund tracking the S&P GSCI Dynamic Roll (USD) Total Return Index. PPIE is actively managed, while COMT is passively managed. At a 0.06 correlation, their price movements are largely independent. PPIE charges 0.49%/yr vs 0.48%/yr for COMT.

Performance

PPIE vs. COMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Panagora ESG International Equity ETF - (PPIE) and iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PPIE

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PPIE vs. COMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PPIE Putnam Panagora ESG International Equity ETF -	8.31%	32.77%	7.67%	9.74%
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF	30.19%	6.07%	5.96%	-6.73%

Correlation

The correlation between PPIE and COMT is -0.18, 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	-0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.00
Correlation (All Time) Calculated using the full available price history since Jan 20, 2023	0.06

The correlation between PPIE and COMT shifts across timeframes, from -0.18 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PPIE vs. COMT — Risk / Return Rank

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

PPIE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

COMT

COMT Risk / Return Rank: 52
COMT Sharpe Ratio Rank: 57
COMT Sortino Ratio Rank: 55
COMT Omega Ratio Rank: 54
COMT Calmar Ratio Rank: 45
COMT Martin Ratio Rank: 47

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.

PPIE vs. COMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Panagora ESG International Equity ETF - (PPIE) 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.

	PPIE	COMT	Difference
Sharpe ratio: Return per unit of total volatility	—	1.55	—
Sortino ratio: Return per unit of downside risk	—	2.13	—
Omega ratio: Gain probability vs. loss probability	—	1.27	—
Calmar ratio: Return relative to maximum drawdown	—	1.90	—
Martin ratio: Return relative to average drawdown	—	6.35	—

Drawdowns

Drawdown Indicators

	PPIE	COMT	Difference
Max Drawdown Largest peak-to-trough decline	—	-51.89%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-17.57%	—
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 Drawdown Current decline from peak	—	-11.28%	—
Average Drawdown Average peak-to-trough decline	—	-23.95%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.24%	—

Volatility

Volatility by Period

	PPIE	COMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.91%	—
Volatility (6M) Calculated over the trailing 6-month period	—	19.67%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	21.54%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	21.20%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	18.85%	—

PPIE vs. COMT - Expense Ratio Comparison

PPIE has a 0.49% expense ratio, which is higher than COMT's 0.48% expense ratio.

Dividends

PPIE vs. COMT - Dividend Comparison

PPIE has not paid dividends to shareholders, while COMT's dividend yield for the trailing twelve months is around 5.95%.

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%
PPIE Putnam Panagora ESG International Equity ETF -	12.06%	8.40%	5.12%	3.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PPIE and COMT in my portfolio?

PPIE and COMT have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PPIE or COMT?

On fees, COMT is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PPIE or COMT?

COMT is cheaper with a 0.48% expense ratio, compared with 0.49% for PPIE.

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

PPIE has the higher dividend yield at 12.06%, compared with 5.95% for COMT.

What is the main difference between PPIE and COMT?

PPIE is categorized as Foreign Large Cap Equities, while COMT is Commodities. They also come from different issuers: Putnam and iShares. Their fees differ too: 0.49% for PPIE and 0.48% for COMT.