XEF.TO vs. COMT
XEF.TO (iShares Core MSCI EAFE IMI Index ETF) and COMT (iShares GSCI Commodity Dynamic Roll 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 tracking the S&P GSCI Dynamic Roll (USD) Total Return Index. Both are passively managed. Over the past 10 years, XEF.TO returned 9.83%/yr vs 9.46%/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
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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 11.06% return, which is significantly lower than COMT's 34.51% return. Both investments have delivered pretty close results over the past 10 years, with XEF.TO having a 9.83% annualized return and COMT not far behind at 9.46%.
XEF.TO
- 1D
- -0.31%
- 1M
- -2.09%
- 6M
- 6.66%
- YTD
- 11.06%
- 1Y
- 22.70%
- 3Y*
- 17.40%
- 5Y*
- 10.79%
- 10Y*
- 9.83%
- ALL TIME*
- 10.29%
COMT
- 1D
- 0.03%
- 1M
- 3.67%
- 6M
- 28.55%
- YTD
- 34.51%
- 1Y
- 36.01%
- 3Y*
- 14.34%
- 5Y*
- 14.38%
- 10Y*
- 9.46%
- ALL TIME*
- 5.38%
XEF.TO vs. COMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XEF.TO iShares Core MSCI EAFE IMI Index ETF | 11.06% | 25.69% | 12.04% | 15.21% | -9.53% | 10.35% | 6.13% | 15.85% | -6.66% | 18.20% |
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 34.51% | 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 -0.25, 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 | -0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2014 | 0.13 |
The correlation between XEF.TO and COMT shifts across timeframes, from -0.25 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XEF.TO vs. COMT — Risk / Return Rank
XEF.TO
COMT
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 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.
| XEF.TO | COMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.29 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 2.45 | -0.43 |
| Martin ratioReturn relative to average drawdown | 7.94 | 7.61 | +0.33 |
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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.TO | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.51% | -37.80% | +9.29% |
Max Drawdown (1Y)Largest decline over 1 year | -11.27% | -14.75% | +3.48% |
Max Drawdown (3Y)Largest decline over 3 years | -14.31% | -14.75% | +0.44% |
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 DrawdownCurrent decline from peak | -3.71% | -8.63% | +4.92% |
Average DrawdownAverage peak-to-trough decline | -4.58% | -15.15% | +10.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 4.74% | -1.88% |
Volatility
XEF.TO vs. COMT - Volatility Comparison
The current volatility for iShares Core MSCI EAFE IMI Index ETF (XEF.TO) is 3.46%, while iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) has a volatility of 5.68%. 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.TO | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 5.68% | -2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 12.42% | 19.95% | -7.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.50% | 21.94% | -7.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.74% | 21.59% | -7.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.65% | 19.59% | -4.94% |
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 2.38%, less than COMT's 5.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 5.89% | 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 | 2.38% | 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 -0.25, 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. XEF.TO tracks MSCI EAFE Investable Market Index (CAD), while COMT tracks S&P GSCI Dynamic Roll (USD) Total Return Index. Their fees differ too: 0.23% for XEF.TO and 0.48% for COMT.
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