PWC vs. COMT
PWC (Invesco Dynamic Market ETF) and COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) are both exchange-traded funds - PWC is a Mid Cap Blend Equities fund tracking the Dynamic Market Intellidex Index, while COMT is a Commodities fund tracking the S&P GSCI Dynamic Roll (USD) Total Return Index. Both are passively managed. Over the past 10 years, PWC returned 9.36%/yr vs 8.33%/yr for COMT. At a 0.29 correlation, their price movements are largely independent. PWC charges 0.60%/yr vs 0.48%/yr for COMT.
Performance
PWC vs. COMT - Performance Comparison
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Returns By Period
In the year-to-date period, PWC achieves a 8.45% return, which is significantly lower than COMT's 30.19% return. Over the past 10 years, PWC has outperformed COMT with an annualized return of 9.36%, while COMT has yielded a comparatively lower 8.33% annualized return.
PWC
- 1D
- 1.42%
- 1M
- 1.50%
- 6M
- 3.27%
- YTD
- 8.45%
- 1Y
- 11.71%
- 3Y*
- 12.11%
- 5Y*
- 7.75%
- 10Y*
- 9.36%
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%
PWC vs. COMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PWC Invesco Dynamic Market ETF | 8.45% | 6.15% | 17.46% | 19.03% | -16.01% | 19.38% | 8.52% | 13.47% | -6.40% | 20.16% |
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 30.19% | 6.07% | 5.96% | -6.56% | 19.45% | 36.88% | -18.66% | 10.81% | -6.67% | 11.70% |
Correlation
The correlation between PWC and COMT is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2014 | 0.29 |
The correlation between PWC and COMT shifts across timeframes, from -0.09 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PWC vs. COMT — Risk / Return Rank
PWC
COMT
PWC vs. COMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Market ETF (PWC) 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.
| PWC | COMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.27 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.90 | -0.08 |
| Martin ratioReturn relative to average drawdown | 5.44 | 6.35 | -0.91 |
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Drawdowns
PWC vs. COMT - Drawdown Comparison
The maximum PWC drawdown since its inception was -78.13%, which is greater than COMT's maximum drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for PWC and COMT.
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Drawdown Indicators
| PWC | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.13% | -51.89% | -26.24% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -17.57% | +11.12% |
Max Drawdown (3Y)Largest decline over 3 years | -15.12% | -17.57% | +2.45% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -29.00% | +2.42% |
Max Drawdown (10Y)Largest decline over 10 years | -39.45% | -39.22% | -0.23% |
Current DrawdownCurrent decline from peak | 0.00% | -11.28% | +11.28% |
Average DrawdownAverage peak-to-trough decline | -36.03% | -23.95% | -12.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 5.24% | -3.08% |
Volatility
PWC vs. COMT - Volatility Comparison
The current volatility for Invesco Dynamic Market ETF (PWC) is 3.12%, while iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) has a volatility of 5.91%. This indicates that PWC 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.
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Volatility by Period
| PWC | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 5.91% | -2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 7.33% | 19.67% | -12.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.78% | 21.54% | -11.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.98% | 21.20% | -5.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.72% | 18.85% | -0.13% |
PWC vs. COMT - Expense Ratio Comparison
PWC has a 0.60% expense ratio, which is higher than COMT's 0.48% expense ratio.
Dividends
PWC vs. COMT - Dividend Comparison
PWC's dividend yield for the trailing twelve months is around 1.75%, 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% |
PWC Invesco Dynamic Market ETF | 1.75% | 1.77% | 1.58% | 1.67% | 1.51% | 0.56% | 1.09% | 0.95% | 1.44% | 1.75% | 1.35% | 1.02% |
Frequently Asked Questions
PWC and COMT have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COMT has higher volatility (5.91%) compared to PWC (3.12%). In terms of maximum drawdown, PWC dropped -78.13% vs COMT's -51.89%.
On 10-year performance, PWC leads with 9.36% vs 8.33% for COMT. On fees, COMT is cheaper at 0.48% per year. On volatility, PWC has been the lower-risk option at 3.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PWC has performed better with a 9.36% return vs 8.33%. 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 0.60% for PWC.
COMT has the higher dividend yield at 5.95%, compared with 1.75% for PWC.
PWC is categorized as Mid Cap Blend Equities, while COMT is Commodities. PWC tracks Dynamic Market Intellidex Index, while COMT tracks S&P GSCI Dynamic Roll (USD) Total Return Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.60% for PWC and 0.48% for COMT.
COMT currently has the higher Sharpe Ratio (1.55 vs 1.20), 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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