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iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT)COMT
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
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- PASS (Skip invest)*
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Upturn Advisory Summary
09/04/2024: COMT (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: -13.69% | Upturn Advisory Performance  2 | Avg. Invested days: 32 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/04/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: -13.69% | Avg. Invested days: 32 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/04/2024 | Upturn Advisory Performance 2 |
Key Highlights
Volume (30-day avg) 167997 | Beta 0.98 |
52 Weeks Range 24.14 - 28.22 | Updated Date 09/19/2024 |
52 Weeks Range 24.14 - 28.22 | Updated Date 09/19/2024 |
AI Summarization
ETF iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) Overview
Profile:
Target Sector: Commodities Asset Allocation: Diversified across a basket of commodities, including energy, metals, agriculture, and livestock. Investment Strategy: Dynamic roll strategy, which aims to optimize returns by actively rolling contracts based on market conditions.
Objective:
The primary investment goal of COMT is to provide investors with exposure to a diversified basket of commodities, with the potential to outperform the traditional static roll approach.
Issuer:
Issuer: BlackRock Reputation and Reliability: BlackRock is the world's largest asset manager, with a strong track record and a reputation for excellence. Management: The ETF is managed by a team of experienced professionals with expertise in commodities and portfolio management.
Market Share:
COMT has a market share of approximately 10% in the commodity ETF sector.
Total Net Assets:
As of October 27, 2023, COMT has approximately $1.5 billion in total net assets.
Moat:
COMT's competitive advantages include:
- Dynamic roll strategy: This strategy can potentially enhance returns compared to static roll approaches.
- BlackRock's expertise: The ETF benefits from BlackRock's extensive experience and resources in the commodities market.
- Diversification: The ETF provides exposure to a broad range of commodities, reducing concentration risk.
Financial Performance:
Historical Performance: COMT has outperformed the GSCI Index in recent years, demonstrating the effectiveness of its dynamic roll strategy.
Benchmark Comparison: The ETF has consistently outperformed the S&P GSCI Total Return Index, its benchmark.
Growth Trajectory: The demand for commodities is expected to grow in the coming years, potentially driving COMT's growth.
Liquidity:
Average Trading Volume: COMT has a high average trading volume, ensuring liquidity for investors. Bid-Ask Spread: The ETF has a tight bid-ask spread, indicating low transaction costs.
Market Dynamics:
Factors Affecting the ETF's Market Environment:
- Economic growth: A strong global economy drives demand for commodities.
- Inflation: Rising inflation can positively impact commodity prices.
- Supply chain disruptions: Disruptions in the supply chain can lead to price volatility.
Competitors:
- Invesco DB Commodity Index Tracking Fund (DBC) - 40% market share
- SPDR Bloomberg Commodity Index Tracking Series (BCI) - 25% market share
Expense Ratio:
The expense ratio for COMT is 0.45%.
Investment Approach and Strategy:
Strategy: COMT tracks the S&P GSCI Index, which comprises a diversified basket of commodities. Composition: The ETF holds a portfolio of futures contracts on various commodities, including oil, gold, copper, and corn.
Key Points:
- Diversified commodity exposure
- Potential for enhanced returns through dynamic roll strategy
- Strong track record and outperformance
- High liquidity and low trading costs
Risks:
Volatility: The ETF's value is subject to fluctuations in commodity prices. Market Risk: The ETF is exposed to risks associated with the underlying commodity markets.
Who Should Consider Investing:
- Investors seeking exposure to a diversified basket of commodities
- Investors looking to potentially enhance returns through a dynamic roll strategy
- Investors with a long-term investment horizon and a tolerance for volatility
Fundamental Rating Based on AI:
8/10: COMT's strong financial performance, track record, and competitive advantages make it an attractive investment option for investors seeking commodity exposure. However, investors should be mindful of the inherent risks associated with this type of investment.
Resources and Disclaimers:
Sources:
- iShares GSCI Commodity Dynamic Roll Strategy ETF website
- BlackRock website
- Bloomberg Terminal
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About iShares GSCI Commodity Dynamic Roll Strategy ETF
The index measures the performance of futures contracts. In seeking to achieve its investment objective, the fund may invest in a combination of exchange-traded commodity futures contracts, exchange-traded options on commodity-related futures contracts and exchange-cleared commodity related swaps (together, "Commodity-Linked Investments"), thereby obtaining exposure to the commodities markets.
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