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COMM.L vs. ISF.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

COMM.L vs. ISF.L

Last updated Jun 5, 2026

COMM.L (iShares Diversified Commodity Swap UCITS ETF) and ISF.L (iShares Core FTSE 100 UCITS ETF (Dist)) are both exchange-traded funds - COMM.L is a Commodities fund tracking the Bloomberg Commodity, while ISF.L is a Europe Equities fund tracking the FTSE AllSh TR GBP. Both are passively managed. Over the past 5 years, COMM.L returned 12.23%/yr vs 11.88%/yr for ISF.L. At a 0.22 correlation, their price movements are largely independent. COMM.L charges 0.19%/yr vs 0.07%/yr for ISF.L.

Performance

COMM.L vs. ISF.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Diversified Commodity Swap UCITS ETF (COMM.L) and iShares Core FTSE 100 UCITS ETF (Dist) (ISF.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, COMM.L achieves a 24.65% return, which is significantly higher than ISF.L's 6.13% return.

COMM.L

1D
-1.46%
1M
-2.81%
YTD
24.65%
6M
23.36%
1Y
38.99%
3Y*
12.58%
5Y*
12.23%
10Y*
—

ISF.L

1D
0.26%
1M
1.75%
YTD
6.13%
6M
8.49%
1Y
21.32%
3Y*
14.88%
5Y*
11.88%
10Y*
9.12%
*Multi-year figures are annualized to reflect compound growth (CAGR)

COMM.L vs. ISF.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
COMM.L
iShares Diversified Commodity Swap UCITS ETF		24.65%8.53%6.19%-12.55%28.34%29.04%-7.09%2.79%-4.51%0.62%
ISF.L
iShares Core FTSE 100 UCITS ETF (Dist)		6.13%25.97%9.28%7.81%4.83%17.68%-11.67%17.11%-8.96%5.37%

Correlation

The correlation between COMM.L and ISF.L is -0.15, 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

-0.15

Correlation (3Y)
Calculated over the trailing 3-year period

0.03

Correlation (5Y)
Calculated over the trailing 5-year period

0.11

Correlation (All Time)
Calculated using the full available price history since Aug 23, 2017

0.22

The correlation between COMM.L and ISF.L shifts across timeframes, from -0.15 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.

COMM.L vs. ISF.L - Sectors Allocation Comparison

Sectors
COMM.L
ISF.L

Basic Materials

35.8%
8.6%

Financial Services

17.8%
24.8%

Consumer Cyclical

12.9%
4.7%

Communication Services

12.3%
2.6%

Consumer Defensive

9.7%
12.8%

Real Estate

5.8%
0.9%

Technology

5.6%
0.8%

Energy

-

11.9%

Healthcare

-

13.8%

Industrials

-

13.8%

Utilities

-

5.3%

Basic Materials

COMM.L
35.8%
ISF.L
8.6%

Financial Services

COMM.L
17.8%
ISF.L
24.8%

Consumer Cyclical

COMM.L
12.9%
ISF.L
4.7%

Communication Services

COMM.L
12.3%
ISF.L
2.6%

Consumer Defensive

COMM.L
9.7%
ISF.L
12.8%

Real Estate

COMM.L
5.8%
ISF.L
0.9%

Technology

COMM.L
5.6%
ISF.L
0.8%

Energy

COMM.L

-

ISF.L
11.9%

Healthcare

COMM.L

-

ISF.L
13.8%

Industrials

COMM.L

-

ISF.L
13.8%

Utilities

COMM.L

-

ISF.L
5.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Diversified Commodity Swap UCITS ETF

iShares Core FTSE 100 UCITS ETF (Dist)

Often compared with COMM.L:
COMM.L vs. GLTRCOMM.L vs. RINFCOMM.L vs. LCSIXCOMM.L vs. SGLP.LCOMM.L vs. CMOP.LCOMM.L vs. PDBCCOMM.L vs. COM
Often compared with ISF.L:
ISF.L vs. VUKE.LISF.L vs. HUKX.LISF.L vs. UKDV.LISF.L vs. XDAX.LISF.L vs. VUSA.ASISF.L vs. VOOISF.L vs. FEUI.L

Return for Risk

COMM.L vs. ISF.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
COMM.L
COMM.L Risk / Return Rank: 6767
Overall Rank
COMM.L Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
COMM.L Sortino Ratio Rank: 5353
Sortino Ratio Rank
COMM.L Omega Ratio Rank: 6565
Omega Ratio Rank
COMM.L Calmar Ratio Rank: 8888
Calmar Ratio Rank
COMM.L Martin Ratio Rank: 6565
Martin Ratio Rank
ISF.L
ISF.L Risk / Return Rank: 5656
Overall Rank
ISF.L Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
ISF.L Sortino Ratio Rank: 6060
Sortino Ratio Rank
ISF.L Omega Ratio Rank: 6262
Omega Ratio Rank
ISF.L Calmar Ratio Rank: 5050
Calmar Ratio Rank
ISF.L Martin Ratio Rank: 4949
Martin Ratio Rank
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.

COMM.L vs. ISF.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (COMM.L) and iShares Core FTSE 100 UCITS ETF (Dist) (ISF.L). 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.

COMM.LISF.LDifference
Sharpe ratioReturn per unit of total volatility
2.09
1.98

+0.11

Sortino ratioReturn per unit of downside risk
2.55
2.78

-0.23

Omega ratioGain probability vs. loss probability

1.38

1.37

+0.01

Calmar ratioReturn relative to maximum drawdown

5.18

2.41

+2.77

Martin ratioReturn relative to average drawdown

11.78

8.18

+3.60

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

COMM.L vs. ISF.L - Sharpe Ratio Comparison

The current COMM.L Sharpe Ratio is 2.09, which is comparable to the ISF.L Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of COMM.L and ISF.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

COMM.LISF.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.09

1.98

+0.11

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.74

0.95

-0.21

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.61

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.51

0.16

+0.35

Drawdowns

COMM.L vs. ISF.L - Drawdown Comparison

The maximum COMM.L drawdown since its inception was -28.49%, smaller than the maximum ISF.L drawdown of -68.24%. Use the drawdown chart below to compare losses from any high point for COMM.L and ISF.L.

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Drawdown Indicators

COMM.LISF.LDifference

Max Drawdown

Largest peak-to-trough decline

-28.49%

-68.24%

+39.75%

Max Drawdown (1Y)

Largest decline over 1 year

-7.49%

-8.82%

+1.33%

Max Drawdown (3Y)

Largest decline over 3 years

-14.73%

-12.69%

-2.04%

Max Drawdown (5Y)

Largest decline over 5 years

-28.49%

-12.69%

-15.80%

Max Drawdown (10Y)

Largest decline over 10 years

—

-34.13%

—

Current Drawdown

Current decline from peak

-5.17%

-3.90%

-1.27%

Average Drawdown

Average peak-to-trough decline

-12.15%

-21.87%

+9.72%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.30%

2.60%

+0.70%

Volatility

COMM.L vs. ISF.L - Volatility Comparison

iShares Diversified Commodity Swap UCITS ETF (COMM.L) has a higher volatility of 6.19% compared to iShares Core FTSE 100 UCITS ETF (Dist) (ISF.L) at 3.85%. This indicates that COMM.L's price experiences larger fluctuations and is considered to be riskier than ISF.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

COMM.LISF.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.19%

3.85%

+2.34%

Volatility (6M)

Calculated over the trailing 6-month period

16.45%

9.31%

+7.14%

Volatility (1Y)

Calculated over the trailing 1-year period

18.59%

10.73%

+7.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.51%

12.56%

+3.95%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.38%

14.84%

+0.54%

COMM.L vs. ISF.L - Expense Ratio Comparison

COMM.L has a 0.19% expense ratio, which is higher than ISF.L's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

COMM.L vs. ISF.L - Dividend Comparison

COMM.L has not paid dividends to shareholders, while ISF.L's dividend yield for the trailing twelve months is around 2.86%.

PositionTTM20252024202320222021202020192018201720162015
COMM.L
iShares Diversified Commodity Swap UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ISF.L
iShares Core FTSE 100 UCITS ETF (Dist)		2.86%3.01%3.71%3.86%3.75%3.76%3.11%4.47%4.44%3.96%3.79%4.12%

Frequently Asked Questions

COMM.L and ISF.L have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ISF.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ISF.L is cheaper with a 0.07% expense ratio, compared with 0.19% for COMM.L.

COMM.L is categorized as Commodities, while ISF.L is Europe Equities. COMM.L tracks Bloomberg Commodity, while ISF.L tracks FTSE AllSh TR GBP. Their fees differ too: 0.19% for COMM.L and 0.07% for ISF.L.

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