USL vs. COMT
Compare and contrast key facts about United States 12 Month Oil Fund LP (USL) and iShares Commodities Select Strategy ETF (COMT).
USL and COMT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USL is a passively managed fund by Concierge Technologies that tracks the performance of the 12 Month Light Sweet Crude Oil. It was launched on Dec 6, 2007. COMT is an actively managed fund by iShares. It was launched on Oct 15, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USL or COMT.
Key characteristics
| USL | COMT | |
|---|---|---|
| YTD Return | 3.82% | 2.43% |
| 1Y Return | -1.75% | -2.46% |
| 3Y Return (Ann) | 8.57% | 3.72% |
| 5Y Return (Ann) | 11.08% | 5.93% |
| 10Y Return (Ann) | 0.15% | 0.42% |
| Sharpe Ratio | 0.00 | -0.07 |
| Sortino Ratio | 0.17 | 0.01 |
| Omega Ratio | 1.02 | 1.00 |
| Calmar Ratio | 0.00 | -0.04 |
| Martin Ratio | 0.02 | -0.22 |
| Ulcer Index | 6.58% | 4.52% |
| Daily Std Dev | 23.81% | 15.07% |
| Max Drawdown | -89.06% | -51.89% |
| Current Drawdown | -58.51% | -23.43% |
Correlation
The correlation between USL and COMT is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
USL vs. COMT - Performance Comparison
In the year-to-date period, USL achieves a 3.82% return, which is significantly higher than COMT's 2.43% return. Over the past 10 years, USL has underperformed COMT with an annualized return of 0.15%, while COMT has yielded a comparatively higher 0.42% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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USL vs. COMT - Expense Ratio Comparison
USL has a 0.88% expense ratio, which is higher than COMT's 0.48% expense ratio.
Risk-Adjusted Performance
USL vs. COMT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for United States 12 Month Oil Fund LP (USL) 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.
Dividends
USL vs. COMT - Dividend Comparison
USL has not paid dividends to shareholders, while COMT's dividend yield for the trailing twelve months is around 5.07%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
USL United States 12 Month Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
COMT iShares Commodities Select Strategy ETF | 5.07% | 5.19% | 29.79% | 17.79% | 0.36% | 2.61% | 11.65% | 5.16% | 0.52% | 1.44% | 0.56% |
Drawdowns
USL vs. COMT - Drawdown Comparison
The maximum USL drawdown since its inception was -89.06%, which is greater than COMT's maximum drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for USL and COMT. For additional features, visit the drawdowns tool.
Volatility
USL vs. COMT - Volatility Comparison
United States 12 Month Oil Fund LP (USL) has a higher volatility of 8.94% compared to iShares Commodities Select Strategy ETF (COMT) at 5.56%. This indicates that USL'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.