BTCC vs. ISCMF
BTCC (Grayscale Bitcoin Covered Call ETF) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - BTCC is a Cryptocurrency fund actively managed by Grayscale, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. BTCC is actively managed, while ISCMF is passively managed. Over the past year, BTCC returned -37.83% vs 22.55% for ISCMF. At a correlation of -0.05, they often move in opposite directions. BTCC charges 0.66%/yr vs 0.19%/yr for ISCMF.
Performance
BTCC vs. ISCMF - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BTCC achieves a -21.47% return, which is significantly lower than ISCMF's 11.96% return.
BTCC
- 1D
- 3.01%
- 1M
- 0.33%
- 6M
- -25.83%
- YTD
- -21.47%
- 1Y
- -37.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ISCMF
- 1D
- 0.00%
- 1M
- -8.88%
- 6M
- 11.96%
- YTD
- 11.96%
- 1Y
- 22.55%
- 3Y*
- 10.82%
- 5Y*
- —
- 10Y*
- —
BTCC vs. ISCMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BTCC Grayscale Bitcoin Covered Call ETF | -21.47% | -6.05% |
ISCMF iShares Diversified Commodity Swap UCITS ETF | 11.96% | 10.20% |
Correlation
The correlation between BTCC and ISCMF is -0.09, 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 | -0.09 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2025 | -0.05 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BTCC vs. ISCMF — Risk / Return Rank
BTCC
ISCMF
BTCC vs. ISCMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Covered Call ETF (BTCC) 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.
| BTCC | ISCMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.26 | ||
| Sortino ratioReturn per unit of downside risk | -3.34 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.84 | -1.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 1.66 | -2.51 |
| Martin ratioReturn relative to average drawdown | -1.43 | 6.83 | -8.25 |
Loading charts...
Drawdowns
BTCC vs. ISCMF - Drawdown Comparison
The maximum BTCC drawdown since its inception was -44.40%, which is greater than ISCMF's maximum drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for BTCC and ISCMF.
Loading charts...
Drawdown Indicators
| BTCC | ISCMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.40% | -25.42% | -18.98% |
Max Drawdown (1Y)Largest decline over 1 year | -44.40% | -13.68% | -30.72% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.68% | — |
Current DrawdownCurrent decline from peak | -39.94% | -13.68% | -26.26% |
Average DrawdownAverage peak-to-trough decline | -17.69% | -13.31% | -4.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.56% | 3.31% | +23.25% |
Volatility
BTCC vs. ISCMF - Volatility Comparison
The current volatility for Grayscale Bitcoin Covered Call ETF (BTCC) is 8.23%, while iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a volatility of 9.30%. This indicates that BTCC 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.
Loading charts...
Volatility by Period
| BTCC | ISCMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.23% | 9.30% | -1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 28.62% | 18.12% | +10.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.40% | 19.58% | +14.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.85% | 14.83% | +17.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.85% | 14.83% | +17.02% |
BTCC vs. ISCMF - Expense Ratio Comparison
BTCC has a 0.66% expense ratio, which is higher than ISCMF's 0.19% expense ratio.
Dividends
BTCC vs. ISCMF - Dividend Comparison
BTCC's dividend yield for the trailing twelve months is around 102.62%, while ISCMF has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BTCC Grayscale Bitcoin Covered Call ETF | 102.62% | 63.86% |
ISCMF iShares Diversified Commodity Swap UCITS ETF | 0.00% | 0.00% |
Frequently Asked Questions
BTCC and ISCMF have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISCMF has higher volatility (9.30%) compared to BTCC (8.23%). In terms of maximum drawdown, BTCC dropped -44.40% vs ISCMF's -25.42%.
On 1-year performance, ISCMF leads with 22.55% vs -37.83% for BTCC. On fees, ISCMF is cheaper at 0.19% per year. On volatility, BTCC has been the lower-risk option at 8.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ISCMF has performed better with a 22.55% return vs -37.83%. 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 0.66% for BTCC.
BTCC has the higher dividend yield at 102.62%, compared with 0.00% for ISCMF.
BTCC is categorized as Cryptocurrency, while ISCMF is Commodities. They also come from different issuers: Grayscale and iShares. Their fees differ too: 0.66% for BTCC and 0.19% for ISCMF.
ISCMF currently has the higher Sharpe Ratio (1.16 vs -1.10), 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.
Find the right allocation for BTCC and ISCMF
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer