SMIN vs. COMT
SMIN (iShares MSCI India Small-Cap ETF) and COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) are both exchange-traded funds - SMIN is a India Equities fund tracking the MSCI India Small Cap 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, SMIN returned 9.43%/yr vs 8.33%/yr for COMT. At a 0.19 correlation, their price movements are largely independent. SMIN charges 0.74%/yr vs 0.48%/yr for COMT.
Performance
SMIN vs. COMT - Performance Comparison
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Returns By Period
In the year-to-date period, SMIN achieves a -0.09% return, which is significantly lower than COMT's 30.19% return. Over the past 10 years, SMIN has outperformed COMT with an annualized return of 9.43%, while COMT has yielded a comparatively lower 8.33% annualized return.
SMIN
- 1D
- -0.37%
- 1M
- 1.69%
- 6M
- 2.75%
- YTD
- -0.09%
- 1Y
- -8.95%
- 3Y*
- 8.59%
- 5Y*
- 6.63%
- 10Y*
- 9.43%
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%
SMIN vs. COMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMIN iShares MSCI India Small-Cap ETF | -0.09% | -6.68% | 16.78% | 35.41% | -14.23% | 44.43% | 19.59% | -5.21% | -25.55% | 62.36% |
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 SMIN and COMT is -0.29, 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 | -0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2014 | 0.19 |
The correlation between SMIN and COMT shifts across timeframes, from -0.29 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SMIN vs. COMT — Risk / Return Rank
SMIN
COMT
SMIN vs. COMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India Small-Cap ETF (SMIN) 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.
| SMIN | COMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.02 | ||
| Sortino ratioReturn per unit of downside risk | -2.72 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.27 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 1.90 | -2.27 |
| Martin ratioReturn relative to average drawdown | -0.82 | 6.35 | -7.17 |
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Drawdowns
SMIN vs. COMT - Drawdown Comparison
The maximum SMIN drawdown since its inception was -60.50%, which is greater than COMT's maximum drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for SMIN and COMT.
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Drawdown Indicators
| SMIN | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.50% | -51.89% | -8.61% |
Max Drawdown (1Y)Largest decline over 1 year | -24.13% | -17.57% | -6.56% |
Max Drawdown (3Y)Largest decline over 3 years | -27.58% | -17.57% | -10.01% |
Max Drawdown (5Y)Largest decline over 5 years | -27.58% | -29.00% | +1.42% |
Max Drawdown (10Y)Largest decline over 10 years | -60.50% | -39.22% | -21.28% |
Current DrawdownCurrent decline from peak | -12.62% | -11.28% | -1.34% |
Average DrawdownAverage peak-to-trough decline | -14.61% | -23.95% | +9.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.32% | 5.24% | +6.08% |
Volatility
SMIN vs. COMT - Volatility Comparison
The current volatility for iShares MSCI India Small-Cap ETF (SMIN) is 4.99%, while iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) has a volatility of 5.91%. This indicates that SMIN 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
| SMIN | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.99% | 5.91% | -0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 15.91% | 19.67% | -3.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.02% | 21.54% | -2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.96% | 21.20% | -2.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.82% | 18.85% | +3.97% |
SMIN vs. COMT - Expense Ratio Comparison
SMIN has a 0.74% expense ratio, which is higher than COMT's 0.48% expense ratio.
Dividends
SMIN vs. COMT - Dividend Comparison
SMIN's dividend yield for the trailing twelve months is around 2.01%, 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% |
SMIN iShares MSCI India Small-Cap ETF | 2.01% | 2.01% | 6.84% | 0.41% | 0.01% | 1.27% | 1.06% | 1.75% | 1.68% | 0.89% | 2.30% | 0.93% |
Frequently Asked Questions
SMIN and COMT have a correlation of -0.29, 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 SMIN (4.99%). In terms of maximum drawdown, SMIN dropped -60.50% vs COMT's -51.89%.
On 10-year performance, SMIN leads with 9.43% vs 8.33% for COMT. On fees, COMT is cheaper at 0.48% per year. On volatility, SMIN has been the lower-risk option at 4.99%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SMIN has performed better with a 9.43% 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 0.74% for SMIN.
COMT has the higher dividend yield at 5.95%, compared with 2.01% for SMIN.
SMIN is categorized as India Equities, while COMT is Commodities. SMIN tracks MSCI India Small Cap Index, while COMT tracks S&P GSCI Dynamic Roll (USD) Total Return Index. Their fees differ too: 0.74% for SMIN and 0.48% for COMT.
COMT currently has the higher Sharpe Ratio (1.55 vs -0.47), 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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