SMRI vs. COMT
SMRI (Bushido Capital US Equity ETF) and COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) are both exchange-traded funds - SMRI is a Large Cap Value Equities fund actively managed by Bushido, while COMT is a Commodities fund tracking the S&P GSCI Dynamic Roll (USD) Total Return Index. SMRI is actively managed, while COMT is passively managed. Over the past year, SMRI returned 32.26% vs 33.20% for COMT. At a 0.11 correlation, their price movements are largely independent. SMRI charges 0.71%/yr vs 0.48%/yr for COMT.
Performance
SMRI vs. COMT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SMRI achieves a 18.77% return, which is significantly lower than COMT's 30.19% return.
SMRI
- 1D
- 1.00%
- 1M
- 3.35%
- 6M
- 16.15%
- YTD
- 18.77%
- 1Y
- 32.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
SMRI vs. COMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SMRI Bushido Capital US Equity ETF | 18.77% | 17.41% | 19.16% | 5.27% |
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 30.19% | 6.07% | 5.96% | -10.53% |
Correlation
The correlation between SMRI and COMT is -0.05, 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 | -0.05 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023 | 0.11 |
The correlation between SMRI and COMT shifts across timeframes, from -0.05 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SMRI vs. COMT — Risk / Return Rank
SMRI
COMT
SMRI vs. COMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bushido Capital US Equity ETF (SMRI) 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.
| SMRI | COMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.27 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.76 | 1.90 | +2.87 |
| Martin ratioReturn relative to average drawdown | 12.94 | 6.35 | +6.59 |
Loading charts...
Drawdowns
SMRI vs. COMT - Drawdown Comparison
The maximum SMRI drawdown since its inception was -18.45%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for SMRI and COMT.
Loading charts...
Drawdown Indicators
| SMRI | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.45% | -51.89% | +33.44% |
Max Drawdown (1Y)Largest decline over 1 year | -6.80% | -17.57% | +10.77% |
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 | -1.02% | -11.28% | +10.26% |
Average DrawdownAverage peak-to-trough decline | -2.75% | -23.95% | +21.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 5.24% | -2.74% |
Volatility
SMRI vs. COMT - Volatility Comparison
The current volatility for Bushido Capital US Equity ETF (SMRI) is 4.18%, while iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) has a volatility of 5.91%. This indicates that SMRI 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.
Loading charts...
Volatility by Period
| SMRI | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 5.91% | -1.73% |
Volatility (6M)Calculated over the trailing 6-month period | 11.88% | 19.67% | -7.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.11% | 21.54% | -6.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.87% | 21.20% | -5.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.87% | 18.85% | -2.98% |
SMRI vs. COMT - Expense Ratio Comparison
SMRI has a 0.71% expense ratio, which is higher than COMT's 0.48% expense ratio.
Dividends
SMRI vs. COMT - Dividend Comparison
SMRI's dividend yield for the trailing twelve months is around 0.89%, 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% |
SMRI Bushido Capital US Equity ETF | 0.89% | 1.32% | 0.98% | 0.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SMRI and COMT have a correlation of -0.05, 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 SMRI (4.18%). In terms of maximum drawdown, SMRI dropped -18.45% vs COMT's -51.89%.
On 1-year performance, COMT leads with 33.20% vs 32.26% for SMRI. On fees, COMT is cheaper at 0.48% per year. On volatility, SMRI has been the lower-risk option at 4.18%. 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 33.20% return vs 32.26%. 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 0.71% for SMRI.
COMT has the higher dividend yield at 5.95%, compared with 0.89% for SMRI.
SMRI is categorized as Large Cap Value Equities, while COMT is Commodities. They also come from different issuers: Bushido and iShares. Their fees differ too: 0.71% for SMRI and 0.48% for COMT.
SMRI currently has the higher Sharpe Ratio (2.15 vs 1.55), 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.
Find the right allocation for SMRI and COMT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer