ZJAN vs. COMT
ZJAN (Innovator Equity Defined Protection ETF - 1 Yr January) and COMT (iShares Commodities Select Strategy ETF) are both exchange-traded funds - ZJAN is a Defined Outcome fund actively managed by Innovator, while COMT is a Commodities fund actively managed by iShares. Both are actively managed. Over the past year, ZJAN returned 7.49% vs 47.51% for COMT. At a correlation of -0.07, they often move in opposite directions. ZJAN charges 0.79%/yr vs 0.48%/yr for COMT.
Performance
ZJAN vs. COMT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ZJAN achieves a 2.27% return, which is significantly lower than COMT's 39.67% return.
ZJAN
- 1D
- -0.05%
- 1M
- 0.76%
- YTD
- 2.27%
- 6M
- 2.87%
- 1Y
- 7.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COMT
- 1D
- 0.78%
- 1M
- -4.35%
- YTD
- 39.67%
- 6M
- 39.06%
- 1Y
- 47.51%
- 3Y*
- 16.86%
- 5Y*
- 13.50%
- 10Y*
- 9.09%
ZJAN vs. COMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ZJAN Innovator Equity Defined Protection ETF - 1 Yr January | 2.27% | 6.79% |
COMT iShares Commodities Select Strategy ETF | 39.67% | 5.08% |
Correlation
The correlation between ZJAN 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 (All Time) Calculated using the full available price history since Jan 3, 2025 | -0.07 |
The correlation between ZJAN and COMT shifts across timeframes, from -0.25 (1 year) to -0.07 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ZJAN vs. COMT — Risk / Return Rank
ZJAN
COMT
ZJAN vs. COMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Defined Protection ETF - 1 Yr January (ZJAN) 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.
| ZJAN | COMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.46 | ||
| Sortino ratioReturn per unit of downside risk | +2.81 | ||
| Omega ratioGain probability vs. loss probability | 1.83 | 1.40 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 5.52 | 5.95 | -0.43 |
| Martin ratioReturn relative to average drawdown | 28.73 | 14.11 | +14.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ZJAN | COMT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.70 | 2.24 | +1.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.64 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.18 | 0.20 | +1.98 |
Drawdowns
ZJAN vs. COMT - Drawdown Comparison
The maximum ZJAN drawdown since its inception was -3.20%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for ZJAN and COMT.
Loading charts...
Drawdown Indicators
| ZJAN | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.20% | -51.89% | +48.69% |
Max Drawdown (1Y)Largest decline over 1 year | -1.36% | -8.02% | +6.66% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.31% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.00% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.22% | — |
Current DrawdownCurrent decline from peak | -0.05% | -4.82% | +4.77% |
Average DrawdownAverage peak-to-trough decline | -0.35% | -24.07% | +23.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.26% | 3.38% | -3.12% |
Volatility
ZJAN vs. COMT - Volatility Comparison
The current volatility for Innovator Equity Defined Protection ETF - 1 Yr January (ZJAN) is 0.39%, while iShares Commodities Select Strategy ETF (COMT) has a volatility of 7.37%. This indicates that ZJAN 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.
Loading charts...
Volatility by Period
| ZJAN | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.39% | 7.37% | -6.98% |
Volatility (6M)Calculated over the trailing 6-month period | 1.45% | 18.80% | -17.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.04% | 21.29% | -19.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.97% | 21.06% | -18.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.97% | 18.89% | -15.92% |
ZJAN vs. COMT - Expense Ratio Comparison
ZJAN has a 0.79% expense ratio, which is higher than COMT's 0.48% expense ratio.
Dividends
ZJAN vs. COMT - Dividend Comparison
ZJAN has not paid dividends to shareholders, while COMT's dividend yield for the trailing twelve months is around 5.54%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMT iShares Commodities Select Strategy ETF | 5.54% | 7.74% | 4.90% | 5.19% | 29.79% | 17.79% | 0.36% | 2.61% | 11.65% | 5.16% | 0.52% | 1.44% |
ZJAN Innovator Equity Defined Protection ETF - 1 Yr January | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZJAN 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.
COMT has higher volatility (7.37%) compared to ZJAN (0.39%). In terms of maximum drawdown, ZJAN dropped -3.20% vs COMT's -51.89%.
On 1-year performance, COMT leads with 47.51% vs 7.49% for ZJAN. On fees, COMT is cheaper at 0.48% per year. On volatility, ZJAN has been the lower-risk option at 0.39%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, COMT has performed better with a 47.51% return vs 7.49%. 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 0.79% for ZJAN.
COMT has the higher dividend yield at 5.54%, compared with 0.00% for ZJAN.
ZJAN is categorized as Defined Outcome, while COMT is Commodities. They also come from different issuers: Innovator and iShares. Their fees differ too: 0.79% for ZJAN and 0.48% for COMT.
ZJAN currently has the higher Sharpe Ratio (3.70 vs 2.24), 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.
Find the right allocation for ZJAN and COMT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer