COMM.L vs. LCSIX

Last updated Jun 4, 2026

COMM.L (iShares Diversified Commodity Swap UCITS ETF) and LCSIX (LoCorr Long/Short Commodity Strategies Fund) are both funds - COMM.L is a Commodities fund tracking the Bloomberg Commodity, while LCSIX is a Systematic Trend fund managed by LoCorr Funds. Over the past 5 years, COMM.L returned 12.56%/yr vs 2.04%/yr for LCSIX. At a 0.26 correlation, their price movements are largely independent. COMM.L charges 0.19%/yr vs 1.75%/yr for LCSIX.

Performance

COMM.L vs. LCSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Diversified Commodity Swap UCITS ETF (COMM.L) and LoCorr Long/Short Commodity Strategies Fund (LCSIX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

COMM.L is traded in GBp, while LCSIX is traded in USD. To make them comparable, the LCSIX values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, COMM.L achieves a 26.50% return, which is significantly higher than LCSIX's 2.54% return.

COMM.L

• 1D: 0.70%
• 1M: -0.33%
• YTD: 26.50%
• 6M: 24.77%
• 1Y: 40.42%
• 3Y*: 13.56%
• 5Y*: 12.56%
• 10Y*: —

LCSIX

• 1D: 0.16%
• 1M: 0.32%
• YTD: 2.54%
• 6M: 1.04%
• 1Y: 3.10%
• 3Y*: -4.51%
• 5Y*: 2.04%
• 10Y*: 3.59%

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

COMM.L vs. LCSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
COMM.L iShares Diversified Commodity Swap UCITS ETF	26.50%	8.53%	6.19%	-12.55%	28.34%	29.04%	-7.09%	2.79%	-4.51%	0.62%
LCSIX LoCorr Long/Short Commodity Strategies Fund	2.54%	-6.07%	-6.68%	-7.92%	18.65%	15.99%	6.67%	-9.55%	21.99%	0.99%

Correlation

The correlation between COMM.L and LCSIX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (All Time) Calculated using the full available price history since Aug 23, 2017	0.26

Return for Risk

COMM.L vs. LCSIX — 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: 68
COMM.L Sharpe Ratio Rank: 65
COMM.L Sortino Ratio Rank: 55
COMM.L Omega Ratio Rank: 65
COMM.L Calmar Ratio Rank: 89
COMM.L Martin Ratio Rank: 67

LCSIX

LCSIX Risk / Return Rank: 6
LCSIX Sharpe Ratio Rank: 6
LCSIX Sortino Ratio Rank: 5
LCSIX Omega Ratio Rank: 6
LCSIX Calmar Ratio Rank: 7
LCSIX Martin Ratio Rank: 5

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. LCSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (COMM.L) and LoCorr Long/Short Commodity Strategies Fund (LCSIX). 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.L	LCSIX	Difference
Sharpe ratio: Return per unit of total volatility	2.17	0.40	+1.78
Sortino ratio: Return per unit of downside risk	2.64	0.61	+2.03
Omega ratio: Gain probability vs. loss probability	1.40	1.08	+0.32
Calmar ratio: Return relative to maximum drawdown	5.37	0.76	+4.62
Martin ratio: Return relative to average drawdown	12.27	1.50	+10.78
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. LCSIX - Sharpe Ratio Comparison

The current COMM.L Sharpe Ratio is 2.17, which is higher than the LCSIX Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of COMM.L and LCSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	COMM.L	LCSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.17	0.40	+1.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.22	+0.54
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.32	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.37	+0.15

Drawdowns

COMM.L vs. LCSIX - Drawdown Comparison

The maximum COMM.L drawdown since its inception was -28.49%, smaller than the maximum LCSIX drawdown of -30.26%. Use the drawdown chart below to compare losses from any high point for COMM.L and LCSIX.

Drawdown Indicators

	COMM.L	LCSIX	Difference
Max Drawdown Largest peak-to-trough decline	-28.49%	-30.26%	+1.77%
Max Drawdown (1Y) Largest decline over 1 year	-7.49%	-4.52%	-2.97%
Max Drawdown (3Y) Largest decline over 3 years	-14.73%	-19.24%	+4.51%
Max Drawdown (5Y) Largest decline over 5 years	-28.49%	-27.38%	-1.11%
Max Drawdown (10Y) Largest decline over 10 years	—	-27.38%	—
Current Drawdown Current decline from peak	-3.76%	-24.59%	+20.83%
Average Drawdown Average peak-to-trough decline	-12.16%	-11.46%	-0.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.28%	2.28%	+1.00%

Volatility

COMM.L vs. LCSIX - Volatility Comparison

iShares Diversified Commodity Swap UCITS ETF (COMM.L) has a higher volatility of 6.13% compared to LoCorr Long/Short Commodity Strategies Fund (LCSIX) at 1.57%. This indicates that COMM.L's price experiences larger fluctuations and is considered to be riskier than LCSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COMM.L	LCSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.13%	1.57%	+4.56%
Volatility (6M) Calculated over the trailing 6-month period	16.37%	6.88%	+9.49%
Volatility (1Y) Calculated over the trailing 1-year period	18.53%	8.64%	+9.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.50%	9.26%	+7.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.37%	11.18%	+4.19%

COMM.L vs. LCSIX - Expense Ratio Comparison

COMM.L has a 0.19% expense ratio, which is lower than LCSIX's 1.75% expense ratio.

Dividends

COMM.L vs. LCSIX - Dividend Comparison

COMM.L has not paid dividends to shareholders, while LCSIX's dividend yield for the trailing twelve months is around 2.26%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
LCSIX LoCorr Long/Short Commodity Strategies Fund	2.26%	2.32%	2.75%	1.88%	10.75%	7.14%	2.94%	0.54%	12.36%	0.02%	3.21%	7.36%

Frequently Asked Questions

Can I hold both COMM.L and LCSIX in my portfolio?

COMM.L and LCSIX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.