TAGG vs. COMT

Last updated Jun 4, 2026

TAGG (T. Rowe Price QM U.S. Bond ETF) and COMT (iShares Commodities Select Strategy ETF) are both exchange-traded funds - TAGG is a Intermediate Core Bond fund actively managed by T. Rowe Price, while COMT is a Commodities fund actively managed by iShares. Both are actively managed. Over the past 3 years, TAGG returned 4.26%/yr vs 16.86%/yr for COMT. At a correlation of -0.11, they often move in opposite directions. TAGG charges 0.08%/yr vs 0.48%/yr for COMT.

Performance

TAGG vs. COMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price QM U.S. Bond ETF (TAGG) 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, TAGG achieves a 0.18% return, which is significantly lower than COMT's 39.67% return.

TAGG

• 1D: -0.17%
• 1M: 0.18%
• YTD: 0.18%
• 6M: 0.16%
• 1Y: 5.22%
• 3Y*: 4.26%
• 5Y*: —
• 10Y*: —

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)

TAGG vs. COMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TAGG T. Rowe Price QM U.S. Bond ETF	0.18%	7.40%	1.73%	5.72%	-12.63%	0.01%
COMT iShares Commodities Select Strategy ETF	39.67%	6.07%	5.96%	-6.56%	19.45%	2.40%

Correlation

The correlation between TAGG and COMT is -0.36, 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	-0.36
Correlation (3Y) Calculated over the trailing 3-year period	-0.17
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021	-0.11

Over the past year, the inverse relationship between TAGG and COMT has strengthened: their correlation has moved from -0.11 to -0.36, meaning they now move in opposite directions more often than their long-term average.

TAGG vs. COMT - Sectors Allocation Comparison

Sectors	TAGG	COMT
Technology	52.7%	-
Communication Services	15.2%	-
Consumer Cyclical	14.3%	-
Consumer Defensive	5.5%	-
Healthcare	5.0%	-
Industrials	3.5%	-
Basic Materials	1.3%	-
Utilities	1.3%	-
Energy	0.6%	-
Financial Services	0.6%	100.0%
Real Estate	0.2%	-

Return for Risk

TAGG vs. COMT — Risk / Return Rank

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

TAGG

TAGG Risk / Return Rank: 36
TAGG Sharpe Ratio Rank: 39
TAGG Sortino Ratio Rank: 40
TAGG Omega Ratio Rank: 38
TAGG Calmar Ratio Rank: 33
TAGG Martin Ratio Rank: 32

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.

TAGG vs. COMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price QM U.S. Bond ETF (TAGG) 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.

	TAGG	COMT	Difference
Sharpe ratio: Return per unit of total volatility	1.37	2.24	-0.87
Sortino ratio: Return per unit of downside risk	2.04	2.88	-0.85
Omega ratio: Gain probability vs. loss probability	1.25	1.40	-0.15
Calmar ratio: Return relative to maximum drawdown	1.64	5.95	-4.31
Martin ratio: Return relative to average drawdown	4.86	14.11	-9.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TAGG vs. COMT - Sharpe Ratio Comparison

The current TAGG Sharpe Ratio is 1.37, which is lower than the COMT Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of TAGG 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

	TAGG	COMT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.37	2.24	-0.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.64	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.20	-0.17

Drawdowns

TAGG vs. COMT - Drawdown Comparison

The maximum TAGG drawdown since its inception was -17.26%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for TAGG and COMT.

Drawdown Indicators

	TAGG	COMT	Difference
Max Drawdown Largest peak-to-trough decline	-17.26%	-51.89%	+34.63%
Max Drawdown (1Y) Largest decline over 1 year	-3.19%	-8.02%	+4.83%
Max Drawdown (3Y) Largest decline over 3 years	-6.40%	-13.31%	+6.91%
Max Drawdown (5Y) Largest decline over 5 years	—	-29.00%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.22%	—
Current Drawdown Current decline from peak	-2.03%	-4.82%	+2.79%
Average Drawdown Average peak-to-trough decline	-6.87%	-24.07%	+17.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.08%	3.38%	-2.30%

Volatility

TAGG vs. COMT - Volatility Comparison

The current volatility for T. Rowe Price QM U.S. Bond ETF (TAGG) is 1.19%, while iShares Commodities Select Strategy ETF (COMT) has a volatility of 7.37%. This indicates that TAGG 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

	TAGG	COMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.19%	7.37%	-6.18%
Volatility (6M) Calculated over the trailing 6-month period	2.69%	18.80%	-16.11%
Volatility (1Y) Calculated over the trailing 1-year period	3.83%	21.29%	-17.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.53%	21.06%	-14.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.53%	18.89%	-12.36%

TAGG vs. COMT - Expense Ratio Comparison

TAGG has a 0.08% expense ratio, which is lower than COMT's 0.48% expense ratio.

Dividends

TAGG vs. COMT - Dividend Comparison

TAGG's dividend yield for the trailing twelve months is around 4.58%, 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%
TAGG T. Rowe Price QM U.S. Bond ETF	4.58%	4.36%	4.36%	3.48%	3.67%	0.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TAGG and COMT in my portfolio?

TAGG and COMT have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TAGG or COMT?

COMT has higher volatility (7.37%) compared to TAGG (1.19%). In terms of maximum drawdown, TAGG dropped -17.26% vs COMT's -51.89%.

Which ETF is better, TAGG or COMT?

On 3-year performance, COMT leads with 16.86% vs 4.26% for TAGG. On fees, TAGG is cheaper at 0.08% per year. On volatility, TAGG has been the lower-risk option at 1.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TAGG or COMT?

Over the 3-year period, COMT has performed better with a 16.86% return vs 4.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TAGG or COMT?

TAGG is cheaper with a 0.08% expense ratio, compared with 0.48% for COMT.

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

COMT has the higher dividend yield at 5.54%, compared with 4.58% for TAGG.

What is the main difference between TAGG and COMT?

TAGG is categorized as Intermediate Core Bond, while COMT is Commodities. They also come from different issuers: T. Rowe Price and iShares. Their fees differ too: 0.08% for TAGG and 0.48% for COMT.

Which has better risk-adjusted returns?

COMT currently has the higher Sharpe Ratio (2.24 vs 1.37), 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.