TOGA vs. COMT
TOGA (Tremblant Global ETF) and COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) are both exchange-traded funds - TOGA is a Global Equities fund actively managed by Tremblant Advisors, while COMT is a Commodities fund tracking the S&P GSCI Dynamic Roll (USD) Total Return Index. TOGA is actively managed, while COMT is passively managed. Over the past year, TOGA returned -11.25% vs 25.27% for COMT. At a correlation of -0.03, they often move in opposite directions. TOGA charges 0.69%/yr vs 0.48%/yr for COMT.
Performance
TOGA vs. COMT - Performance Comparison
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Returns By Period
In the year-to-date period, TOGA achieves a -13.46% return, which is significantly lower than COMT's 23.88% return.
TOGA
- 1D
- -0.56%
- 1M
- 1.02%
- YTD
- -13.46%
- 6M
- -14.10%
- 1Y
- -11.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COMT
- 1D
- -0.93%
- 1M
- -11.91%
- YTD
- 23.88%
- 6M
- 22.75%
- 1Y
- 25.27%
- 3Y*
- 12.01%
- 5Y*
- 10.76%
- 10Y*
- 7.96%
TOGA vs. COMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TOGA Tremblant Global ETF | -13.46% | 14.13% | 17.44% |
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 23.88% | 6.07% | -1.18% |
Correlation
The correlation between TOGA and COMT is -0.13, 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 | -0.13 |
Correlation (All Time) Calculated using the full available price history since May 3, 2024 | -0.03 |
The correlation between TOGA and COMT shifts across timeframes, from -0.13 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TOGA vs. COMT — Risk / Return Rank
TOGA
COMT
TOGA vs. COMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tremblant Global ETF (TOGA) 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.
| TOGA | COMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.33 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.22 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | 1.63 | -2.03 |
| Martin ratioReturn relative to average drawdown | -0.85 | 6.99 | -7.84 |
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Drawdowns
TOGA vs. COMT - Drawdown Comparison
The maximum TOGA drawdown since its inception was -28.50%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for TOGA and COMT.
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Drawdown Indicators
| TOGA | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.50% | -51.89% | +23.39% |
Max Drawdown (1Y)Largest decline over 1 year | -28.50% | -15.58% | -12.92% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.58% | — |
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 | -18.83% | -15.58% | -3.25% |
Average DrawdownAverage peak-to-trough decline | -6.71% | -24.00% | +17.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.21% | 3.65% | +9.56% |
Volatility
TOGA vs. COMT - Volatility Comparison
Tremblant Global ETF (TOGA) has a higher volatility of 7.40% compared to iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) at 5.02%. This indicates that TOGA's price experiences larger fluctuations and is considered to be riskier 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
| TOGA | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.40% | 5.02% | +2.38% |
Volatility (6M)Calculated over the trailing 6-month period | 17.19% | 19.24% | -2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.10% | 21.45% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.11% | 21.13% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.11% | 18.86% | +2.25% |
TOGA vs. COMT - Expense Ratio Comparison
TOGA has a 0.69% expense ratio, which is higher than COMT's 0.48% expense ratio.
Dividends
TOGA vs. COMT - Dividend Comparison
TOGA has not paid dividends to shareholders, while COMT's dividend yield for the trailing twelve months is around 6.25%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 6.25% | 7.74% | 4.90% | 5.19% | 29.79% | 17.79% | 0.36% | 2.61% | 11.65% | 5.16% | 0.52% | 1.44% |
TOGA Tremblant Global ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TOGA and COMT have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TOGA has higher volatility (7.40%) compared to COMT (5.02%). In terms of maximum drawdown, TOGA dropped -28.50% vs COMT's -51.89%.
On 1-year performance, COMT leads with 25.27% vs -11.25% for TOGA. On fees, COMT is cheaper at 0.48% per year. On volatility, COMT has been the lower-risk option at 5.02%. 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 25.27% return vs -11.25%. 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 0.69% for TOGA.
COMT has the higher dividend yield at 6.25%, compared with 0.00% for TOGA.
TOGA is categorized as Global Equities, while COMT is Commodities. They also come from different issuers: Tremblant Advisors and iShares. Their fees differ too: 0.69% for TOGA and 0.48% for COMT.
COMT currently has the higher Sharpe Ratio (1.20 vs -0.54), 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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