^BCOM vs. IS0M.DE
^BCOM (Bloomberg Commodity Index) is an index, while IS0M.DE (iShares Italy Government Bond UCITS ETF EUR Dist) is European Government Bonds fund tracking the Bloomberg Italy Treasury Bond. Over the past 10 years, ^BCOM returned 4.40%/yr vs 1.15%/yr for IS0M.DE. At a 0.15 correlation, their price movements are largely independent.
Performance
^BCOM vs. IS0M.DE - Performance Comparison
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Different Trading Currencies
^BCOM is traded in USD, while IS0M.DE is traded in EUR. To make them comparable, the IS0M.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ^BCOM achieves a 23.60% return, which is significantly higher than IS0M.DE's -1.47% return. Over the past 10 years, ^BCOM has outperformed IS0M.DE with an annualized return of 4.40%, while IS0M.DE has yielded a comparatively lower 1.15% annualized return.
^BCOM
- 1D
- -1.15%
- 1M
- -3.91%
- YTD
- 23.60%
- 6M
- 22.00%
- 1Y
- 32.42%
- 3Y*
- 10.66%
- 5Y*
- 7.44%
- 10Y*
- 4.40%
IS0M.DE
- 1D
- 0.14%
- 1M
- 0.13%
- YTD
- -1.47%
- 6M
- -0.62%
- 1Y
- 2.57%
- 3Y*
- 6.99%
- 5Y*
- -1.71%
- 10Y*
- 1.15%
^BCOM vs. IS0M.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^BCOM Bloomberg Commodity Index | 23.60% | 11.07% | 0.12% | -12.55% | 13.75% | 27.05% | -3.50% | 5.44% | -12.99% | 0.75% |
IS0M.DE iShares Italy Government Bond UCITS ETF EUR Dist | -1.47% | 16.36% | -1.32% | 12.59% | -21.80% | -10.64% | 18.04% | 8.12% | -6.11% | 14.50% |
Correlation
The correlation between ^BCOM and IS0M.DE 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 | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2012 | 0.15 |
The correlation between ^BCOM and IS0M.DE shifts across timeframes, from -0.18 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
^BCOM vs. IS0M.DE — Risk / Return Rank
^BCOM
IS0M.DE
^BCOM vs. IS0M.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bloomberg Commodity Index (^BCOM) and iShares Italy Government Bond UCITS ETF EUR Dist (IS0M.DE). 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.
| ^BCOM | IS0M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.56 | ||
| Sortino ratioReturn per unit of downside risk | +1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.06 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 4.16 | 0.35 | +3.81 |
| Martin ratioReturn relative to average drawdown | 9.80 | 0.96 | +8.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ^BCOM | IS0M.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 0.29 | +1.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | -0.16 | +0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.11 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.28 | -0.23 |
Drawdowns
^BCOM vs. IS0M.DE - Drawdown Comparison
The maximum ^BCOM drawdown since its inception was -75.00%, which is greater than IS0M.DE's maximum drawdown of -38.14%. Use the drawdown chart below to compare losses from any high point for ^BCOM and IS0M.DE.
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Drawdown Indicators
| ^BCOM | IS0M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.00% | -38.14% | -36.86% |
Max Drawdown (1Y)Largest decline over 1 year | -7.62% | -7.30% | -0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -13.78% | -10.75% | -3.03% |
Max Drawdown (5Y)Largest decline over 5 years | -31.68% | -36.38% | +4.70% |
Max Drawdown (10Y)Largest decline over 10 years | -35.05% | -38.14% | +3.09% |
Current DrawdownCurrent decline from peak | -43.02% | -11.20% | -31.82% |
Average DrawdownAverage peak-to-trough decline | -33.21% | -11.16% | -22.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 2.66% | +0.61% |
Volatility
^BCOM vs. IS0M.DE - Volatility Comparison
Bloomberg Commodity Index (^BCOM) has a higher volatility of 5.01% compared to iShares Italy Government Bond UCITS ETF EUR Dist (IS0M.DE) at 2.88%. This indicates that ^BCOM's price experiences larger fluctuations and is considered to be riskier than IS0M.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^BCOM | IS0M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.01% | 2.88% | +2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 15.28% | 6.95% | +8.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.15% | 8.87% | +8.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.44% | 10.73% | +5.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.70% | 10.27% | +4.43% |
Frequently Asked Questions
^BCOM and IS0M.DE 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.
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