VNM vs. COMT
VNM (VanEck Vectors Vietnam ETF) and COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) are both exchange-traded funds - VNM is a Asia Pacific Equities fund tracking the MVIS Vietnam Index, while COMT is a Commodities fund tracking the S&P GSCI Dynamic Roll (USD) Total Return Index. Both are passively managed. Over the past 10 years, VNM returned 3.81%/yr vs 7.96%/yr for COMT. At a 0.21 correlation, their price movements are largely independent. VNM charges 0.68%/yr vs 0.48%/yr for COMT.
Performance
VNM vs. COMT - Performance Comparison
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Returns By Period
In the year-to-date period, VNM achieves a -4.66% return, which is significantly lower than COMT's 23.88% return. Over the past 10 years, VNM has underperformed COMT with an annualized return of 3.81%, while COMT has yielded a comparatively higher 7.96% annualized return.
VNM
- 1D
- -2.47%
- 1M
- -2.99%
- YTD
- -4.66%
- 6M
- -4.66%
- 1Y
- 36.03%
- 3Y*
- 12.37%
- 5Y*
- -0.63%
- 10Y*
- 3.81%
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%
VNM vs. COMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VNM VanEck Vectors Vietnam ETF | -4.66% | 66.55% | -11.15% | 15.01% | -43.74% | 22.05% | 9.84% | 9.24% | -16.83% | 38.80% |
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 23.88% | 6.07% | 5.96% | -6.56% | 19.45% | 36.88% | -18.66% | 10.81% | -6.67% | 11.70% |
Correlation
The correlation between VNM and COMT is -0.19, 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 | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2014 | 0.21 |
The correlation between VNM and COMT shifts across timeframes, from -0.19 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VNM vs. COMT — Risk / Return Rank
VNM
COMT
VNM vs. COMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Vietnam ETF (VNM) 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.
| VNM | COMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.22 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 1.63 | +0.49 |
| Martin ratioReturn relative to average drawdown | 5.20 | 6.99 | -1.79 |
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Drawdowns
VNM vs. COMT - Drawdown Comparison
The maximum VNM drawdown since its inception was -63.19%, which is greater than COMT's maximum drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for VNM and COMT.
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Drawdown Indicators
| VNM | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.19% | -51.89% | -11.30% |
Max Drawdown (1Y)Largest decline over 1 year | -17.07% | -15.58% | -1.49% |
Max Drawdown (3Y)Largest decline over 3 years | -31.60% | -15.58% | -16.02% |
Max Drawdown (5Y)Largest decline over 5 years | -49.95% | -29.00% | -20.95% |
Max Drawdown (10Y)Largest decline over 10 years | -51.67% | -39.22% | -12.45% |
Current DrawdownCurrent decline from peak | -25.75% | -15.58% | -10.17% |
Average DrawdownAverage peak-to-trough decline | -37.79% | -24.00% | -13.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.94% | 3.65% | +3.29% |
Volatility
VNM vs. COMT - Volatility Comparison
VanEck Vectors Vietnam ETF (VNM) has a higher volatility of 6.18% compared to iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) at 5.02%. This indicates that VNM'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
| VNM | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.18% | 5.02% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 18.26% | 19.24% | -0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.90% | 21.45% | +5.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.35% | 21.13% | +3.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.46% | 18.86% | +4.60% |
VNM vs. COMT - Expense Ratio Comparison
VNM has a 0.68% expense ratio, which is higher than COMT's 0.48% expense ratio.
Dividends
VNM vs. COMT - Dividend Comparison
VNM's dividend yield for the trailing twelve months is around 0.21%, less than COMT's 6.25% yield.
| 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% |
VNM VanEck Vectors Vietnam ETF | 0.21% | 0.20% | 0.00% | 5.21% | 0.96% | 0.49% | 0.40% | 0.76% | 0.83% | 1.14% | 2.44% | 3.69% |
Frequently Asked Questions
VNM and COMT have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VNM has higher volatility (6.18%) compared to COMT (5.02%). In terms of maximum drawdown, VNM dropped -63.19% vs COMT's -51.89%.
On 10-year performance, COMT leads with 7.96% vs 3.81% for VNM. 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 10-year period, COMT has performed better with a 7.96% return vs 3.81%. 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 0.68% for VNM.
COMT has the higher dividend yield at 6.25%, compared with 0.21% for VNM.
VNM is categorized as Asia Pacific Equities, while COMT is Commodities. VNM tracks MVIS Vietnam Index, while COMT tracks S&P GSCI Dynamic Roll (USD) Total Return Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.68% for VNM and 0.48% for COMT.
VNM currently has the higher Sharpe Ratio (1.35 vs 1.20), 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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