XMLV vs. COMT
XMLV (Invesco S&P MidCap Low Volatility ETF) and COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) are both exchange-traded funds - XMLV is a Volatility Hedged Equity fund tracking the S&P MidCap 400 Low Volatility 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, XMLV returned 8.18%/yr vs 8.33%/yr for COMT. At a 0.19 correlation, their price movements are largely independent. XMLV charges 0.25%/yr vs 0.48%/yr for COMT.
Performance
XMLV vs. COMT - Performance Comparison
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Returns By Period
In the year-to-date period, XMLV achieves a 12.59% return, which is significantly lower than COMT's 30.19% return. Both investments have delivered pretty close results over the past 10 years, with XMLV having a 8.18% annualized return and COMT not far ahead at 8.33%.
XMLV
- 1D
- 2.59%
- 1M
- 5.75%
- 6M
- 8.89%
- YTD
- 12.59%
- 1Y
- 15.61%
- 3Y*
- 12.63%
- 5Y*
- 7.68%
- 10Y*
- 8.18%
COMT
- 1D
- -0.49%
- 1M
- 2.53%
- 6M
- 26.18%
- YTD
- 30.19%
- 1Y
- 33.20%
- 3Y*
- 12.71%
- 5Y*
- 11.75%
- 10Y*
- 8.33%
XMLV vs. COMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XMLV Invesco S&P MidCap Low Volatility ETF | 12.59% | 5.55% | 17.08% | 1.86% | -6.55% | 23.00% | -8.42% | 23.77% | -0.16% | 13.72% |
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 30.19% | 6.07% | 5.96% | -6.56% | 19.45% | 36.88% | -18.66% | 10.81% | -6.67% | 11.70% |
Correlation
The correlation between XMLV and COMT is -0.18, 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 | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
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 | 0.19 |
The correlation between XMLV and COMT shifts across timeframes, from -0.18 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XMLV vs. COMT — Risk / Return Rank
XMLV
COMT
XMLV vs. COMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Low Volatility ETF (XMLV) 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.
| XMLV | COMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.27 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 1.90 | +0.33 |
| Martin ratioReturn relative to average drawdown | 7.36 | 6.35 | +1.02 |
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Drawdowns
XMLV vs. COMT - Drawdown Comparison
The maximum XMLV drawdown since its inception was -39.86%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for XMLV and COMT.
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Drawdown Indicators
| XMLV | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.86% | -51.89% | +12.03% |
Max Drawdown (1Y)Largest decline over 1 year | -7.03% | -17.57% | +10.54% |
Max Drawdown (3Y)Largest decline over 3 years | -13.80% | -17.57% | +3.77% |
Max Drawdown (5Y)Largest decline over 5 years | -16.53% | -29.00% | +12.47% |
Max Drawdown (10Y)Largest decline over 10 years | -39.86% | -39.22% | -0.64% |
Current DrawdownCurrent decline from peak | 0.00% | -11.28% | +11.28% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -23.95% | +19.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 5.24% | -3.12% |
Volatility
XMLV vs. COMT - Volatility Comparison
The current volatility for Invesco S&P MidCap Low Volatility ETF (XMLV) is 4.04%, while iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) has a volatility of 5.91%. This indicates that XMLV 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
| XMLV | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 5.91% | -1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 8.30% | 19.67% | -11.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.81% | 21.54% | -10.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.52% | 21.20% | -6.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.96% | 18.85% | -1.89% |
XMLV vs. COMT - Expense Ratio Comparison
XMLV has a 0.25% expense ratio, which is lower than COMT's 0.48% expense ratio.
Dividends
XMLV vs. COMT - Dividend Comparison
XMLV's dividend yield for the trailing twelve months is around 2.82%, less than COMT's 5.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 5.95% | 7.74% | 4.90% | 5.19% | 29.79% | 17.79% | 0.36% | 2.61% | 11.65% | 5.16% | 0.52% | 1.44% |
XMLV Invesco S&P MidCap Low Volatility ETF | 2.82% | 2.87% | 2.23% | 2.34% | 2.05% | 1.14% | 1.93% | 2.02% | 2.13% | 1.74% | 1.72% | 1.85% |
Frequently Asked Questions
XMLV and COMT have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COMT has higher volatility (5.91%) compared to XMLV (4.04%). In terms of maximum drawdown, XMLV dropped -39.86% vs COMT's -51.89%.
On 10-year performance, COMT leads with 8.33% vs 8.18% for XMLV. On fees, XMLV is cheaper at 0.25% per year. On volatility, XMLV has been the lower-risk option at 4.04%. 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 8.33% return vs 8.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XMLV is cheaper with a 0.25% expense ratio, compared with 0.48% for COMT.
COMT has the higher dividend yield at 5.95%, compared with 2.82% for XMLV.
XMLV is categorized as Volatility Hedged Equity, while COMT is Commodities. XMLV tracks S&P MidCap 400 Low Volatility Index, while COMT tracks S&P GSCI Dynamic Roll (USD) Total Return Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.25% for XMLV and 0.48% for COMT.
COMT currently has the higher Sharpe Ratio (1.55 vs 1.45), 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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