AVRE vs. ISCMF

Last updated Jun 24, 2026

AVRE (Avantis Real Estate ETF) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - AVRE is a REIT fund actively managed by Avantis, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. AVRE is actively managed, while ISCMF is passively managed. Over the past 3 years, AVRE returned 10.51%/yr vs 16.78%/yr for ISCMF. At a correlation of -0.02, they often move in opposite directions. AVRE charges 0.17%/yr vs 0.19%/yr for ISCMF.

Performance

AVRE vs. ISCMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Real Estate ETF (AVRE) and iShares Diversified Commodity Swap UCITS ETF (ISCMF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVRE achieves a 10.29% return, which is significantly lower than ISCMF's 22.87% return.

AVRE

• 1D: 0.70%
• 1M: 0.44%
• YTD: 10.29%
• 6M: 10.48%
• 1Y: 10.80%
• 3Y*: 10.51%
• 5Y*: —
• 10Y*: —

ISCMF

• 1D: 0.00%
• 1M: -4.99%
• YTD: 22.87%
• 6M: 22.87%
• 1Y: 31.30%
• 3Y*: 16.78%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AVRE vs. ISCMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AVRE Avantis Real Estate ETF	10.29%	8.34%	0.54%	9.10%	-16.11%
ISCMF iShares Diversified Commodity Swap UCITS ETF	22.87%	19.65%	3.13%	-9.58%	-5.82%

Correlation

The correlation between AVRE and ISCMF is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.08
Correlation (3Y) Calculated over the trailing 3-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022	-0.02

Return for Risk

AVRE vs. ISCMF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AVRE

AVRE Risk / Return Rank: 26
AVRE Sharpe Ratio Rank: 26
AVRE Sortino Ratio Rank: 24
AVRE Omega Ratio Rank: 24
AVRE Calmar Ratio Rank: 25
AVRE Martin Ratio Rank: 31

ISCMF

ISCMF Risk / Return Rank: 78
ISCMF Sharpe Ratio Rank: 56
ISCMF Sortino Ratio Rank: 77
ISCMF Omega Ratio Rank: 98
ISCMF Calmar Ratio Rank: 92
ISCMF Martin Ratio Rank: 69

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.

AVRE vs. ISCMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Real Estate ETF (AVRE) and iShares Diversified Commodity Swap UCITS ETF (ISCMF). 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.

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.

	AVRE	ISCMF	Difference
Sharpe ratio: Return per unit of total volatility	0.89	1.76	-0.88
Sortino ratio: Return per unit of downside risk	1.27	3.18	-1.91
Omega ratio: Gain probability vs. loss probability	1.16	2.31	-1.15
Calmar ratio: Return relative to maximum drawdown	1.16	5.53	-4.37
Martin ratio: Return relative to average drawdown	4.18	11.85	-7.67

AVRE vs. ISCMF - Sharpe Ratio Comparison

The current AVRE Sharpe Ratio is 0.89, which is lower than the ISCMF Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of AVRE and ISCMF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AVRE vs. ISCMF - Drawdown Comparison

The maximum AVRE drawdown since its inception was -32.52%, which is greater than ISCMF's maximum drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for AVRE and ISCMF.

Drawdown Indicators

	AVRE	ISCMF	Difference
Max Drawdown Largest peak-to-trough decline	-32.52%	-25.42%	-7.10%
Max Drawdown (1Y) Largest decline over 1 year	-9.38%	-5.69%	-3.69%
Max Drawdown (3Y) Largest decline over 3 years	-17.34%	-7.62%	-9.72%
Current Drawdown Current decline from peak	-0.83%	-5.26%	+4.43%
Average Drawdown Average peak-to-trough decline	-14.61%	-13.35%	-1.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.59%	2.65%	-0.06%

Volatility

AVRE vs. ISCMF - Volatility Comparison

The current volatility for Avantis Real Estate ETF (AVRE) is 4.15%, while iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a volatility of 5.11%. This indicates that AVRE experiences smaller price fluctuations and is considered to be less risky than ISCMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVRE	ISCMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.15%	5.11%	-0.96%
Volatility (6M) Calculated over the trailing 6-month period	9.56%	15.45%	-5.89%
Volatility (1Y) Calculated over the trailing 1-year period	12.31%	17.84%	-5.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.60%	14.29%	+2.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.60%	14.29%	+2.31%

AVRE vs. ISCMF - Expense Ratio Comparison

AVRE has a 0.17% expense ratio, which is lower than ISCMF's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

AVRE vs. ISCMF - Dividend Comparison

AVRE's dividend yield for the trailing twelve months is around 4.26%, while ISCMF has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
AVRE Avantis Real Estate ETF	4.26%	4.30%	3.99%	3.33%	3.78%	0.61%
ISCMF iShares Diversified Commodity Swap UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVRE and ISCMF in my portfolio?

AVRE and ISCMF have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVRE or ISCMF?

ISCMF has higher volatility (5.11%) compared to AVRE (4.15%). In terms of maximum drawdown, AVRE dropped -32.52% vs ISCMF's -25.42%.

Which ETF is better, AVRE or ISCMF?

On 3-year performance, ISCMF leads with 16.78% vs 10.51% for AVRE. On fees, AVRE is cheaper at 0.17% per year. On volatility, AVRE has been the lower-risk option at 4.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVRE or ISCMF?

Over the 3-year period, ISCMF has performed better with a 16.78% return vs 10.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVRE or ISCMF?

AVRE is cheaper with a 0.17% expense ratio, compared with 0.19% for ISCMF.

Which ETF pays a higher dividend yield, AVRE or ISCMF?

AVRE has the higher dividend yield at 4.26%, compared with 0.00% for ISCMF.

What is the main difference between AVRE and ISCMF?

AVRE is categorized as REIT, while ISCMF is Commodities. They also come from different issuers: Avantis and iShares. Their fees differ too: 0.17% for AVRE and 0.19% for ISCMF.

Which has better risk-adjusted returns?

ISCMF currently has the higher Sharpe Ratio (1.76 vs 0.89), 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.