SMLL vs. COMT
SMLL (Harbor Active Small Cap ETF) and COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) are both exchange-traded funds - SMLL is a Small Cap Blend Equities fund actively managed by Harbor, while COMT is a Commodities fund tracking the S&P GSCI Dynamic Roll (USD) Total Return Index. SMLL is actively managed, while COMT is passively managed. Over the past year, SMLL returned -0.37% vs 27.75% for COMT. At a correlation of -0.04, they often move in opposite directions. SMLL charges 0.80%/yr vs 0.48%/yr for COMT.
Performance
SMLL vs. COMT - Performance Comparison
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Returns By Period
In the year-to-date period, SMLL achieves a 6.05% return, which is significantly lower than COMT's 26.00% return.
SMLL
- 1D
- 0.23%
- 1M
- 1.86%
- 6M
- 0.86%
- YTD
- 6.05%
- 1Y
- -0.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COMT
- 1D
- -0.17%
- 1M
- -3.54%
- 6M
- 23.49%
- YTD
- 26.00%
- 1Y
- 27.75%
- 3Y*
- 11.57%
- 5Y*
- 11.09%
- 10Y*
- 7.87%
SMLL vs. COMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SMLL Harbor Active Small Cap ETF | 6.05% | -6.31% | 11.18% |
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 26.00% | 6.07% | 1.77% |
Correlation
The correlation between SMLL and COMT is -0.17, 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 | -0.17 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2024 | -0.04 |
The correlation between SMLL and COMT shifts across timeframes, from -0.17 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SMLL vs. COMT — Risk / Return Rank
SMLL
COMT
SMLL vs. COMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Active Small Cap ETF (SMLL) 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.
| SMLL | COMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.24 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 1.66 | -1.79 |
| Martin ratioReturn relative to average drawdown | -0.26 | 5.78 | -6.04 |
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Drawdowns
SMLL vs. COMT - Drawdown Comparison
The maximum SMLL drawdown since its inception was -23.56%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for SMLL and COMT.
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Drawdown Indicators
| SMLL | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.56% | -51.89% | +28.33% |
Max Drawdown (1Y)Largest decline over 1 year | -15.53% | -17.57% | +2.04% |
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 DrawdownCurrent decline from peak | -7.82% | -14.13% | +6.31% |
Average DrawdownAverage peak-to-trough decline | -8.70% | -23.97% | +15.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.77% | 5.05% | +2.72% |
Volatility
SMLL vs. COMT - Volatility Comparison
The current volatility for Harbor Active Small Cap ETF (SMLL) is 4.79%, while iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) has a volatility of 5.68%. This indicates that SMLL 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
| SMLL | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 5.68% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 12.07% | 19.60% | -7.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.58% | 21.45% | -3.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.18% | 21.17% | -0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.18% | 18.84% | +1.34% |
SMLL vs. COMT - Expense Ratio Comparison
SMLL has a 0.80% expense ratio, which is higher than COMT's 0.48% expense ratio.
Dividends
SMLL vs. COMT - Dividend Comparison
SMLL's dividend yield for the trailing twelve months is around 2.23%, less than COMT's 6.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 6.14% | 7.74% | 4.90% | 5.19% | 29.79% | 17.79% | 0.36% | 2.61% | 11.65% | 5.16% | 0.52% | 1.44% |
SMLL Harbor Active Small Cap ETF | 2.23% | 2.37% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SMLL and COMT have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COMT has higher volatility (5.68%) compared to SMLL (4.79%). In terms of maximum drawdown, SMLL dropped -23.56% vs COMT's -51.89%.
On 1-year performance, COMT leads with 27.75% vs -0.37% for SMLL. On fees, COMT is cheaper at 0.48% per year. On volatility, SMLL has been the lower-risk option at 4.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, COMT has performed better with a 27.75% return vs -0.37%. 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 0.80% for SMLL.
COMT has the higher dividend yield at 6.14%, compared with 2.23% for SMLL.
SMLL is categorized as Small Cap Blend Equities, while COMT is Commodities. They also come from different issuers: Harbor and iShares. Their fees differ too: 0.80% for SMLL and 0.48% for COMT.
COMT currently has the higher Sharpe Ratio (1.36 vs -0.11), 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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