QLVD vs. COMT

Last updated Jun 5, 2026

QLVD (FlexShares Developed Markets ex-US Quality Low Volatility Index Fund) and COMT (iShares Commodities Select Strategy ETF) are both exchange-traded funds - QLVD is a Volatility Hedged Equity fund tracking the Northern Trust Developed Markets ex US Quality Low Volatility Index, while COMT is a Commodities fund actively managed by iShares. QLVD is passively managed, while COMT is actively managed. Over the past 5 years, QLVD returned 6.01%/yr vs 13.14%/yr for COMT. At a 0.18 correlation, their price movements are largely independent. QLVD charges 0.32%/yr vs 0.48%/yr for COMT.

Performance

QLVD vs. COMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (QLVD) 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, QLVD achieves a 3.56% return, which is significantly lower than COMT's 37.50% return.

QLVD

• 1D: 0.87%
• 1M: -0.29%
• YTD: 3.56%
• 6M: 5.45%
• 1Y: 8.19%
• 3Y*: 12.07%
• 5Y*: 6.01%
• 10Y*: —

COMT

• 1D: -1.55%
• 1M: -5.00%
• YTD: 37.50%
• 6M: 36.36%
• 1Y: 45.51%
• 3Y*: 16.18%
• 5Y*: 13.14%
• 10Y*: 8.79%

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

QLVD vs. COMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Index Fund	3.56%	24.21%	4.67%	11.57%	-12.09%	9.04%	3.00%	6.35%
COMT iShares Commodities Select Strategy ETF	37.50%	6.07%	5.96%	-6.56%	19.45%	36.88%	-18.66%	3.22%

Correlation

The correlation between QLVD and COMT is -0.22, 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	-0.22
Correlation (3Y) Calculated over the trailing 3-year period	-0.00
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019	0.18

The correlation between QLVD and COMT shifts across timeframes, from -0.22 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.

QLVD vs. COMT - Sectors Allocation Comparison

Sectors	QLVD	COMT
Financial Services	24.3%	100.0%
Industrials	15.3%	-
Consumer Defensive	11.3%	-
Healthcare	10.6%	-
Utilities	7.9%	-
Communication Services	6.7%	-
Consumer Cyclical	5.5%	-
Real Estate	5.3%	-
Technology	5.0%	-
Basic Materials	4.3%	-
Energy	3.9%	-

Return for Risk

QLVD vs. COMT — Risk / Return Rank

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

QLVD

QLVD Risk / Return Rank: 22
QLVD Sharpe Ratio Rank: 22
QLVD Sortino Ratio Rank: 22
QLVD Omega Ratio Rank: 22
QLVD Calmar Ratio Rank: 22
QLVD Martin Ratio Rank: 23

COMT

COMT Risk / Return Rank: 70
COMT Sharpe Ratio Rank: 65
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.

QLVD vs. COMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (QLVD) 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.

	QLVD	COMT	Difference
Sharpe ratio: Return per unit of total volatility	0.78	2.14	-1.36
Sortino ratio: Return per unit of downside risk	1.16	2.77	-1.62
Omega ratio: Gain probability vs. loss probability	1.14	1.38	-0.24
Calmar ratio: Return relative to maximum drawdown	1.01	5.70	-4.69
Martin ratio: Return relative to average drawdown	2.98	13.42	-10.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QLVD vs. COMT - Sharpe Ratio Comparison

The current QLVD Sharpe Ratio is 0.78, which is lower than the COMT Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of QLVD 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

	QLVD	COMT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.78	2.14	-1.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.63	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.20	+0.29

Drawdowns

QLVD vs. COMT - Drawdown Comparison

The maximum QLVD drawdown since its inception was -28.20%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for QLVD and COMT.

Drawdown Indicators

	QLVD	COMT	Difference
Max Drawdown Largest peak-to-trough decline	-28.20%	-51.89%	+23.69%
Max Drawdown (1Y) Largest decline over 1 year	-8.15%	-8.02%	-0.13%
Max Drawdown (3Y) Largest decline over 3 years	-9.24%	-13.31%	+4.07%
Max Drawdown (5Y) Largest decline over 5 years	-23.99%	-29.00%	+5.01%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.22%	—
Current Drawdown Current decline from peak	-5.37%	-6.30%	+0.93%
Average Drawdown Average peak-to-trough decline	-5.24%	-24.06%	+18.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	3.40%	-0.64%

Volatility

QLVD vs. COMT - Volatility Comparison

The current volatility for FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (QLVD) is 3.11%, while iShares Commodities Select Strategy ETF (COMT) has a volatility of 7.46%. This indicates that QLVD 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

	QLVD	COMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.11%	7.46%	-4.35%
Volatility (6M) Calculated over the trailing 6-month period	8.32%	18.88%	-10.56%
Volatility (1Y) Calculated over the trailing 1-year period	10.55%	21.36%	-10.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.73%	21.07%	-9.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.97%	18.89%	-4.92%

QLVD vs. COMT - Expense Ratio Comparison

QLVD has a 0.32% expense ratio, which is lower than COMT's 0.48% expense ratio.

Dividends

QLVD vs. COMT - Dividend Comparison

QLVD's dividend yield for the trailing twelve months is around 2.76%, less than COMT's 5.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COMT iShares Commodities Select Strategy ETF	5.63%	7.74%	4.90%	5.19%	29.79%	17.79%	0.36%	2.61%	11.65%	5.16%	0.52%	1.44%
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Index Fund	2.76%	2.87%	3.01%	3.33%	2.47%	3.06%	1.78%	1.06%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QLVD and COMT in my portfolio?

QLVD and COMT have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QLVD or COMT?

COMT has higher volatility (7.46%) compared to QLVD (3.11%). In terms of maximum drawdown, QLVD dropped -28.20% vs COMT's -51.89%.

Which ETF is better, QLVD or COMT?

On 5-year performance, COMT leads with 13.14% vs 6.01% for QLVD. On fees, QLVD is cheaper at 0.32% per year. On volatility, QLVD has been the lower-risk option at 3.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QLVD or COMT?

Over the 5-year period, COMT has performed better with a 13.14% return vs 6.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QLVD or COMT?

QLVD is cheaper with a 0.32% expense ratio, compared with 0.48% for COMT.

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

COMT has the higher dividend yield at 5.63%, compared with 2.76% for QLVD.

What is the main difference between QLVD and COMT?

QLVD is categorized as Volatility Hedged Equity, while COMT is Commodities. They also come from different issuers: Northern Trust and iShares. Their fees differ too: 0.32% for QLVD and 0.48% for COMT.

Which has better risk-adjusted returns?

COMT currently has the higher Sharpe Ratio (2.14 vs 0.78), 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.