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iShares Diversified Commodity Swap UCITS ETF (ISCM...
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

ISIN
IE00BDFL4P12
Issuer
iShares
Inception Date
Mar 4, 2022
Category
Commodities
Leveraged
1x (No leverage)
Index Tracked
Bloomberg Commodity Index
Domicile
Ireland
Distribution Policy
Accumulating
Asset Class
Commodity
Asset Class Size
Multi-Cap
Asset Class Style
Blend

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in iShares Diversified Commodity Swap UCITS ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

iShares Diversified Commodity Swap UCITS ETF (ISCMF) has returned 17.84% so far this year and 29.86% over the past 12 months.


iShares Diversified Commodity Swap UCITS ETF

1D
0.00%
1M
7.22%
YTD
17.84%
6M
26.76%
1Y
29.86%
3Y*
12.27%
5Y*
10Y*

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Mar 17, 2022, ISCMF's average daily return is +0.03%, while the average monthly return is +0.53%. At this rate, your investment would double in approximately 10.9 years.

Historically, 35% of months were positive and 65% were negative. The best month was Jan 2026 with a return of +10.9%, while the worst month was Jul 2022 at -8.6%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 5 months.

On a daily basis, ISCMF closed higher 5% of trading days. The best single day was Mar 16, 2026 with a return of +9.5%, while the worst single day was Jul 5, 2022 at -9.2%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
202610.85%-0.85%7.22%17.84%
20256.11%4.96%-2.52%-1.41%-0.36%1.25%1.97%-2.45%3.56%0.00%3.45%3.98%19.65%
2024-0.68%-0.72%3.46%3.03%5.06%-4.26%-3.31%0.00%2.68%0.00%-1.74%0.00%3.13%
20230.00%-6.94%-0.17%-0.00%-3.48%-0.37%4.37%0.00%2.90%0.00%-0.67%-5.12%-9.58%
20220.00%0.00%9.57%-5.62%-8.60%5.83%-2.84%-0.00%0.00%-2.34%-5.08%

Benchmark Metrics

iShares Diversified Commodity Swap UCITS ETF has an annualized alpha of 7.60%, beta of -0.07, and R² of 0.01 versus S&P 500 Index. Calculated based on daily prices since March 18, 2022.

  • This ETF captured 13.42% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -7.39%) — a profile typical of hedging or uncorrelated assets.
  • Beta of -0.07 may look defensive, but with R² of 0.01 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
  • R² of 0.01 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
7.60%
Beta
-0.07
0.01
Upside Capture
13.42%
Downside Capture
-7.39%

Expense Ratio

ISCMF has an expense ratio of 0.19%, which is considered low.


Return for Risk

Risk / Return Rank

ISCMF ranks 94 for risk / return — in the top 94% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.


ISCMF Risk / Return Rank: 9494
Overall Rank
ISCMF Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
ISCMF Sortino Ratio Rank: 9696
Sortino Ratio Rank
ISCMF Omega Ratio Rank: 9999
Omega Ratio Rank
ISCMF Calmar Ratio Rank: 9797
Calmar Ratio Rank
ISCMF Martin Ratio Rank: 9191
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.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (ISCMF) and compare them to a chosen benchmark (S&P 500 Index).


ISCMFBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.79

0.90

+0.90

Sortino ratio

Return per unit of downside risk

3.44

1.39

+2.05

Omega ratio

Gain probability vs. loss probability

2.36

1.21

+1.15

Calmar ratio

Return relative to maximum drawdown

5.25

1.40

+3.85

Martin ratio

Return relative to average drawdown

12.38

6.61

+5.77

Explore ISCMF risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History


iShares Diversified Commodity Swap UCITS ETF doesn't pay dividends

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the iShares Diversified Commodity Swap UCITS ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the iShares Diversified Commodity Swap UCITS ETF was 25.42%, occurring on Jun 12, 2023. Recovery took 656 trading sessions.

The current iShares Diversified Commodity Swap UCITS ETF drawdown is 2.55%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-25.42%Jun 21, 2022246Jun 12, 2023656Jan 23, 2026902
-5.69%Feb 13, 20262Feb 17, 202619Mar 16, 202621
-3.04%Mar 23, 20261Mar 23, 2026
0%Jan 27, 20261Jan 27, 20261Jan 28, 20262

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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