BDRY vs. ISCMF
BDRY (Breakwave Dry Bulk Shipping ETF) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both Commodities funds - BDRY tracks the Breakwave Dry Freight Futures Index while ISCMF tracks the Bloomberg Commodity Index. Both are passively managed. Over the past 3 years, BDRY returned 39.44%/yr vs 10.24%/yr for ISCMF. Their 0.00 correlation means their historical movements had little consistent relationship. BDRY charges 3.76%/yr vs 0.19%/yr for ISCMF.
Performance
BDRY vs. ISCMF - Performance Comparison
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Returns By Period
In the year-to-date period, BDRY achieves a 53.02% return, which is significantly higher than ISCMF's 11.96% return.
BDRY
- 1D
- 0.45%
- 1M
- 9.37%
- 6M
- 16.39%
- YTD
- 53.02%
- 1Y
- 79.89%
- 3Y*
- 39.44%
- 5Y*
- -12.25%
- 10Y*
- —
- ALL TIME*
- -7.35%
ISCMF
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 1.00%
- YTD
- 11.96%
- 1Y
- 21.66%
- 3Y*
- 10.24%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $397.41K | $463.93K | $806.29K | |
| $0.00 | $9.78K | $53.76K |
BDRY vs. ISCMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BDRY Breakwave Dry Bulk Shipping ETF | 53.02% | 44.24% | -47.40% | 25.79% | -64.02% |
ISCMF iShares Diversified Commodity Swap UCITS ETF | 11.96% | 19.65% | 3.13% | -9.58% | -5.82% |
Correlation
The correlation between BDRY and ISCMF is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.02 |
Correlation (3Y) Balances recent behavior with more history. | 0.00 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | 0.00 |
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Return for Risk
BDRY vs. ISCMF — Risk / Return Rank
BDRY
ISCMF
BDRY vs. ISCMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Breakwave Dry Bulk Shipping ETF (BDRY) 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.
| BDRY | ISCMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.81 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 1.59 | +2.20 |
| Martin ratioReturn relative to average drawdown | 10.30 | 4.79 | +5.51 |
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Drawdowns
BDRY vs. ISCMF - Drawdown Comparison
The maximum BDRY drawdown since its inception was -89.16%, which is greater than ISCMF's maximum drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for BDRY and ISCMF.
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Drawdown Indicators
| BDRY | ISCMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.16% | -25.42% | -63.74% |
Max Drawdown (1Y)Largest decline over 1 year | -21.60% | -13.68% | -7.92% |
Max Drawdown (3Y)Largest decline over 3 years | -69.71% | -13.68% | -56.03% |
Max Drawdown (5Y)Largest decline over 5 years | -89.16% | — | — |
Current DrawdownCurrent decline from peak | -67.67% | -13.68% | -53.99% |
Average DrawdownAverage peak-to-trough decline | -58.58% | -13.31% | -45.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.92% | 4.53% | +3.39% |
Volatility
BDRY vs. ISCMF - Volatility Comparison
Breakwave Dry Bulk Shipping ETF (BDRY) has a higher volatility of 10.70% compared to iShares Diversified Commodity Swap UCITS ETF (ISCMF) at 9.30%. This indicates that BDRY's price experiences larger fluctuations and is considered to be riskier than ISCMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BDRY | ISCMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.70% | 9.30% | +1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 28.10% | 17.32% | +10.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.11% | 19.57% | +20.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.80% | 14.74% | +45.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.13% | 14.74% | +47.39% |
BDRY vs. ISCMF - Expense Ratio Comparison
BDRY has a 3.76% expense ratio, which is higher than ISCMF's 0.19% expense ratio.
Dividends
BDRY vs. ISCMF - Dividend Comparison
Neither BDRY nor ISCMF has paid dividends to shareholders.
Frequently Asked Questions
BDRY and ISCMF have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BDRY has higher volatility (10.70%) compared to ISCMF (9.30%). In terms of maximum drawdown, BDRY dropped -89.16% vs ISCMF's -25.42%.
On 3-year performance, BDRY leads with 39.44% vs 10.24% for ISCMF. On fees, ISCMF is cheaper at 0.19% per year. On volatility, ISCMF has been the lower-risk option at 9.30%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BDRY has performed better with a 39.44% return vs 10.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISCMF is cheaper with a 0.19% expense ratio, compared with 3.76% for BDRY.
BDRY and ISCMF have nearly identical dividend yields, around 0.00%.
BDRY tracks Breakwave Dry Freight Futures Index, while ISCMF tracks Bloomberg Commodity Index. They also come from different issuers: ETFMG and iShares. Their fees differ too: 3.76% for BDRY and 0.19% for ISCMF.
BDRY currently has the higher Sharpe Ratio (2.06 vs 1.11), 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.
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