- 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
- Assets Under Management
- $1B
Highlights
- Avg. Volume (1M)
- 1K
- Avg. Volume Value (1M)
- $9.78K
Share Price Chart
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Performance
ISCMF Performance Chart
iShares Diversified Commodity Swap UCITS ETF (ISCMF) is up 12.0% since the beginning of the year. ISCMF is currently trading at $9 per share.
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Returns By Period
iShares Diversified Commodity Swap UCITS ETF (ISCMF) has returned 11.96% so far this year and 21.66% over the past 12 months.
iShares Diversified Commodity Swap UCITS ETF
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 1.00%
- YTD
- 11.96%
- 1Y
- 21.66%
- 3Y*
- 10.24%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.79%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
ISCMF Monthly Returns History
Based on dividend-adjusted daily data since Mar 17, 2022, ISCMF's average daily return is +0.02%, while the average monthly return is +0.39%. At this rate, an investment would double in approximately 14.8 years.
Historically, 34% of months were positive and 66% were negative. The best month was Jan 2026 with a return of +10.9%, while the worst month was Jul 2026 at -8.9%. 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 10.85% | -0.85% | 7.22% | 4.98% | -0.67% | 0.00% | -8.88% | 11.96% | |||||
| 2025 | 6.11% | 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% |
| 2023 | 0.00% | -6.94% | -0.17% | -0.00% | -3.48% | -0.37% | 4.37% | 0.00% | 2.90% | 0.00% | -0.67% | -5.12% | -9.58% |
| 2022 | -0.78% | 0.00% | 9.57% | -5.62% | -8.60% | 5.83% | -2.84% | -0.00% | 0.00% | -2.34% | -5.82% |
Benchmark Metrics
iShares Diversified Commodity Swap UCITS ETF has an annualized alpha of 5.97%, beta of -0.07, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since March 17, 2022.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (13.75%) than losses (8.55%) - typical of diversified or defensive 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
- 5.97%
- Beta
- -0.07
- R²
- 0.01
- Upside Capture
- 13.75%
- Downside Capture
- 8.55%
Expense Ratio
ISCMF has an expense ratio of 0.19%, which is considered low.
Return for Risk
Risk / Return Rank
ISCMF ranks 55 for risk / return — above 55% of ETFs peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (ISCMF) and compare them to S&P 500 Index.
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.
| ISCMF | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.81 | 1.25 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 2.00 | -0.41 |
| Martin ratioReturn relative to average drawdown | 4.79 | 8.49 | -3.70 |
Dividends
Dividend History
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 13.68%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-25.42%Jun 2023 | 11mo 26d | 2y 7mo | 3y 7moJun 2022 - Jan 2026 | — |
-13.68%Jul 2026 | 1mo 14d | — | 2mo 16dMay 2026 - now | — |
-5.69%Feb 2026 | 4d | 27d | 1mo 1dFeb 2026 - Mar 2026 | — |
-3.04%Mar 2026 | 1d | 10d | 10dMar 2026 - Apr 2026 | — |
-0.78%Mar 2022 | 1d | 2mo 2d | 2mo 2dMar 2022 - May 2022 | Bear market2022 |
Drawdown Indicators
| ISCMF | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.42% | -56.78% | +31.36% |
Max Drawdown (1Y)Largest decline over 1 year | -13.68% | -9.10% | -4.58% |
Max Drawdown (3Y)Largest decline over 3 years | -13.68% | -18.90% | +5.22% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -13.68% | -1.58% | -12.10% |
Average DrawdownAverage peak-to-trough decline | -13.31% | -10.70% | -2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.53% | 2.14% | +2.39% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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