PXQ vs. COMT

Last updated Jun 4, 2026

PXQ (Invesco Next Gen Connectivity ETF) and COMT (iShares Commodities Select Strategy ETF) are both exchange-traded funds - PXQ is a Technology Equities fund tracking the STOXX World AC NexGen Connectivity Index, while COMT is a Commodities fund actively managed by iShares. PXQ is passively managed, while COMT is actively managed. Over the past 10 years, PXQ returned 21.42%/yr vs 9.09%/yr for COMT. At a 0.21 correlation, their price movements are largely independent. PXQ charges 0.40%/yr vs 0.48%/yr for COMT.

Performance

PXQ vs. COMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Next Gen Connectivity ETF (PXQ) 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, PXQ achieves a 63.41% return, which is significantly higher than COMT's 39.67% return. Over the past 10 years, PXQ has outperformed COMT with an annualized return of 21.42%, while COMT has yielded a comparatively lower 9.09% annualized return.

PXQ

• 1D: -0.63%
• 1M: 26.38%
• YTD: 63.41%
• 6M: 62.53%
• 1Y: 99.38%
• 3Y*: 43.36%
• 5Y*: 21.73%
• 10Y*: 21.42%

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)

PXQ vs. COMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PXQ Invesco Next Gen Connectivity ETF	63.41%	28.65%	19.41%	27.39%	-29.54%	21.83%	39.14%	26.35%	5.78%	15.41%
COMT iShares Commodities Select Strategy ETF	39.67%	6.07%	5.96%	-6.56%	19.45%	36.88%	-18.66%	10.81%	-6.67%	11.70%

Correlation

The correlation between PXQ 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 (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (10Y) Calculated over the trailing 10-year period	0.20
Correlation (All Time) Calculated using the full available price history since Oct 17, 2014	0.21

The correlation between PXQ and COMT shifts across timeframes, from -0.19 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.

PXQ vs. COMT - Sectors Allocation Comparison

Sectors	PXQ	COMT
Technology	83.7%	-
Communication Services	11.8%	-
Real Estate	3.2%	-
Industrials	0.9%	-
Financial Services	0.2%	100.0%
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Utilities	-	-

Return for Risk

PXQ vs. COMT — Risk / Return Rank

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

PXQ

PXQ Risk / Return Rank: 96
PXQ Sharpe Ratio Rank: 97
PXQ Sortino Ratio Rank: 96
PXQ Omega Ratio Rank: 95
PXQ Calmar Ratio Rank: 96
PXQ Martin Ratio Rank: 97

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.

PXQ vs. COMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Connectivity ETF (PXQ) 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.

	PXQ	COMT	Difference
Sharpe ratio: Return per unit of total volatility	4.70	2.24	+2.46
Sortino ratio: Return per unit of downside risk	5.72	2.88	+2.83
Omega ratio: Gain probability vs. loss probability	1.76	1.40	+0.36
Calmar ratio: Return relative to maximum drawdown	10.00	5.95	+4.05
Martin ratio: Return relative to average drawdown	44.01	14.11	+29.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PXQ vs. COMT - Sharpe Ratio Comparison

The current PXQ Sharpe Ratio is 4.70, which is higher than the COMT Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of PXQ 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

	PXQ	COMT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.70	2.24	+2.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.94	0.64	+0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.94	0.48	+0.45
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.20	+0.37

Drawdowns

PXQ vs. COMT - Drawdown Comparison

The maximum PXQ drawdown since its inception was -57.18%, which is greater than COMT's maximum drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for PXQ and COMT.

Drawdown Indicators

	PXQ	COMT	Difference
Max Drawdown Largest peak-to-trough decline	-57.18%	-51.89%	-5.29%
Max Drawdown (1Y) Largest decline over 1 year	-9.99%	-8.02%	-1.97%
Max Drawdown (3Y) Largest decline over 3 years	-21.40%	-13.31%	-8.09%
Max Drawdown (5Y) Largest decline over 5 years	-34.55%	-29.00%	-5.55%
Max Drawdown (10Y) Largest decline over 10 years	-34.55%	-39.22%	+4.67%
Current Drawdown Current decline from peak	-0.63%	-4.82%	+4.19%
Average Drawdown Average peak-to-trough decline	-10.74%	-24.07%	+13.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.27%	3.38%	-1.11%

Volatility

PXQ vs. COMT - Volatility Comparison

Invesco Next Gen Connectivity ETF (PXQ) has a higher volatility of 9.19% compared to iShares Commodities Select Strategy ETF (COMT) at 7.37%. This indicates that PXQ'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.

Volatility by Period

	PXQ	COMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.19%	7.37%	+1.82%
Volatility (6M) Calculated over the trailing 6-month period	17.12%	18.80%	-1.68%
Volatility (1Y) Calculated over the trailing 1-year period	21.28%	21.29%	-0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.19%	21.06%	+2.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.97%	18.89%	+4.08%

PXQ vs. COMT - Expense Ratio Comparison

PXQ has a 0.40% expense ratio, which is lower than COMT's 0.48% expense ratio.

Dividends

PXQ vs. COMT - Dividend Comparison

PXQ's dividend yield for the trailing twelve months is around 0.57%, less 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%
PXQ Invesco Next Gen Connectivity ETF	0.57%	0.86%	1.38%	0.60%	2.24%	0.55%	0.18%	0.44%	1.22%	0.66%	0.44%	0.00%

Frequently Asked Questions

Can I hold both PXQ and COMT in my portfolio?

PXQ 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.

Which is riskier, PXQ or COMT?

PXQ has higher volatility (9.19%) compared to COMT (7.37%). In terms of maximum drawdown, PXQ dropped -57.18% vs COMT's -51.89%.

Which ETF is better, PXQ or COMT?

On 10-year performance, PXQ leads with 21.42% vs 9.09% for COMT. On fees, PXQ is cheaper at 0.40% per year. On volatility, COMT has been the lower-risk option at 7.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PXQ or COMT?

Over the 10-year period, PXQ has performed better with a 21.42% return vs 9.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PXQ or COMT?

PXQ is cheaper with a 0.40% expense ratio, compared with 0.48% for COMT.

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

COMT has the higher dividend yield at 5.54%, compared with 0.57% for PXQ.

What is the main difference between PXQ and COMT?

PXQ is categorized as Technology Equities, while COMT is Commodities. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.40% for PXQ and 0.48% for COMT.

Which has better risk-adjusted returns?

PXQ currently has the higher Sharpe Ratio (4.70 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.