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XEF.TO vs. COMT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XEF.TO vs. COMT

Last updated Jun 9, 2026

XEF.TO (iShares Core MSCI EAFE IMI Index ETF) and COMT (iShares Commodities Select Strategy ETF) are both exchange-traded funds - XEF.TO is a Foreign Large Cap Equities fund tracking the MSCI EAFE Investable Market Index (CAD), while COMT is a Commodities fund actively managed by iShares. XEF.TO is passively managed, while COMT is actively managed. Over the past 10 years, XEF.TO returned 10.10%/yr vs 9.64%/yr for COMT. At a 0.13 correlation, their price movements are largely independent. XEF.TO charges 0.23%/yr vs 0.48%/yr for COMT.

Performance

XEF.TO vs. COMT - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core MSCI EAFE IMI Index ETF (XEF.TO) and iShares Commodities Select Strategy ETF (COMT). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XEF.TO is traded in CAD, while COMT is traded in USD. To make them comparable, the COMT values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XEF.TO achieves a 8.98% return, which is significantly lower than COMT's 37.96% return. Both investments have delivered pretty close results over the past 10 years, with XEF.TO having a 10.10% annualized return and COMT not far behind at 9.64%.

XEF.TO

1D
0.52%
1M
0.70%
YTD
8.98%
6M
10.55%
1Y
21.35%
3Y*
17.58%
5Y*
10.64%
10Y*
10.10%

COMT

1D
0.93%
1M
-0.43%
YTD
37.96%
6M
36.20%
1Y
43.91%
3Y*
17.51%
5Y*
15.90%
10Y*
9.64%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XEF.TO vs. COMT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XEF.TO
iShares Core MSCI EAFE IMI Index ETF		8.98%25.69%12.04%15.21%-9.53%10.35%6.13%15.85%-6.66%18.20%
COMT
iShares Commodities Select Strategy ETF		37.96%1.23%14.93%-8.79%27.02%36.81%-20.59%6.25%1.18%4.13%

Correlation

The correlation between XEF.TO and COMT is -0.27, 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

-0.27

Correlation (3Y)
Calculated over the trailing 3-year period

-0.06

Correlation (5Y)
Calculated over the trailing 5-year period

0.03

Correlation (10Y)
Calculated over the trailing 10-year period

0.13

Correlation (All Time)
Calculated using the full available price history since Oct 17, 2014

0.13

The correlation between XEF.TO and COMT shifts across timeframes, from -0.27 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.

XEF.TO vs. COMT - Sectors Allocation Comparison

Sectors
XEF.TO
COMT

Financial Services

22.9%
100.0%

Industrials

20.5%

-

Technology

10.2%

-

Healthcare

9.8%

-

Consumer Cyclical

8.2%

-

Basic Materials

6.6%

-

Consumer Defensive

6.4%

-

Communication Services

4.4%

-

Energy

4.0%

-

Utilities

3.8%

-

Real Estate

3.1%

-

Financial Services

XEF.TO
22.9%
COMT
100.0%

Industrials

XEF.TO
20.5%
COMT

-

Technology

XEF.TO
10.2%
COMT

-

Healthcare

XEF.TO
9.8%
COMT

-

Consumer Cyclical

XEF.TO
8.2%
COMT

-

Basic Materials

XEF.TO
6.6%
COMT

-

Consumer Defensive

XEF.TO
6.4%
COMT

-

Communication Services

XEF.TO
4.4%
COMT

-

Energy

XEF.TO
4.0%
COMT

-

Utilities

XEF.TO
3.8%
COMT

-

Real Estate

XEF.TO
3.1%
COMT

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core MSCI EAFE IMI Index ETF

iShares Commodities Select Strategy ETF

Often compared with XEF.TO:
XEF.TO vs. XEC.TOXEF.TO vs. VIU.TOXEF.TO vs. ZEA.TOXEF.TO vs. XFH.TOXEF.TO vs. IEFAXEF.TO vs. XIC.TOXEF.TO vs. XEF-U.TO
Often compared with COMT:
COMT vs. PDBCCOMT vs. GSGCOMT vs. VCMDXCOMT vs. COMCOMT vs. CMDYCOMT vs. BCICOMT vs. FTGC

Return for Risk

XEF.TO vs. COMT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XEF.TO
XEF.TO Risk / Return Rank: 4848
Overall Rank
XEF.TO Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
XEF.TO Sortino Ratio Rank: 5050
Sortino Ratio Rank
XEF.TO Omega Ratio Rank: 5050
Omega Ratio Rank
XEF.TO Calmar Ratio Rank: 4242
Calmar Ratio Rank
XEF.TO Martin Ratio Rank: 4949
Martin Ratio Rank
COMT
COMT Risk / Return Rank: 6969
Overall Rank
COMT Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
COMT Sortino Ratio Rank: 6060
Sortino Ratio Rank
COMT Omega Ratio Rank: 6363
Omega Ratio Rank
COMT Calmar Ratio Rank: 8989
Calmar Ratio Rank
COMT Martin Ratio Rank: 7070
Martin Ratio Rank
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.

XEF.TO vs. COMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI EAFE IMI Index ETF (XEF.TO) 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.

XEF.TOCOMTDifference
Sharpe ratioReturn per unit of total volatility
1.53
2.03

-0.50

Sortino ratioReturn per unit of downside risk
2.19
2.65

-0.46

Omega ratioGain probability vs. loss probability

1.28

1.36

-0.08

Calmar ratioReturn relative to maximum drawdown

1.90

4.58

-2.67

Martin ratioReturn relative to average drawdown

7.58

13.15

-5.57

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XEF.TO vs. COMT - Sharpe Ratio Comparison

The current XEF.TO Sharpe Ratio is 1.53, which is comparable to the COMT Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of XEF.TO 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.

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Sharpe Ratios by Period

XEF.TOCOMTDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.53

2.03

-0.50

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.79

0.74

+0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.68

0.49

+0.19

Sharpe Ratio (All Time)

Calculated using the full available price history

0.70

0.28

+0.42

Drawdowns

XEF.TO vs. COMT - Drawdown Comparison

The maximum XEF.TO drawdown since its inception was -28.51%, smaller than the maximum COMT drawdown of -37.80%. Use the drawdown chart below to compare losses from any high point for XEF.TO and COMT.

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Drawdown Indicators

XEF.TOCOMTDifference

Max Drawdown

Largest peak-to-trough decline

-28.51%

-37.80%

+9.29%

Max Drawdown (1Y)

Largest decline over 1 year

-11.27%

-9.64%

-1.63%

Max Drawdown (3Y)

Largest decline over 3 years

-14.31%

-14.28%

-0.03%

Max Drawdown (5Y)

Largest decline over 5 years

-24.58%

-23.74%

-0.84%

Max Drawdown (10Y)

Largest decline over 10 years

-28.51%

-33.31%

+4.80%

Current Drawdown

Current decline from peak

-1.96%

-6.29%

+4.33%

Average Drawdown

Average peak-to-trough decline

-4.61%

-15.19%

+10.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.82%

3.35%

-0.53%

Volatility

XEF.TO vs. COMT - Volatility Comparison

The current volatility for iShares Core MSCI EAFE IMI Index ETF (XEF.TO) is 4.30%, while iShares Commodities Select Strategy ETF (COMT) has a volatility of 6.75%. This indicates that XEF.TO 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.

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Volatility by Period

XEF.TOCOMTDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.30%

6.75%

-2.45%

Volatility (6M)

Calculated over the trailing 6-month period

11.82%

19.52%

-7.70%

Volatility (1Y)

Calculated over the trailing 1-year period

14.06%

21.81%

-7.75%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.62%

21.63%

-8.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.87%

19.66%

-4.79%

XEF.TO vs. COMT - Expense Ratio Comparison

XEF.TO has a 0.23% expense ratio, which is lower than COMT's 0.48% expense ratio.

Dividends

XEF.TO vs. COMT - Dividend Comparison

XEF.TO's dividend yield for the trailing twelve months is around 2.23%, less than COMT's 5.71% yield.

PositionTTM20252024202320222021202020192018201720162015
COMT
iShares Commodities Select Strategy ETF		5.71%7.74%4.90%5.19%29.79%17.79%0.36%2.61%11.65%5.16%0.52%1.44%
XEF.TO
iShares Core MSCI EAFE IMI Index ETF		2.23%2.43%2.76%2.75%2.93%2.42%1.93%2.71%2.75%2.11%2.45%2.42%

Frequently Asked Questions

XEF.TO and COMT have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XEF.TO is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XEF.TO is cheaper with a 0.23% expense ratio, compared with 0.48% for COMT.

XEF.TO is categorized as Foreign Large Cap Equities, while COMT is Commodities. Their fees differ too: 0.23% for XEF.TO and 0.48% for COMT.

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