ECH vs. ISCMF
ECH (iShares MSCI Chile ETF) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - ECH is a Foreign Large Cap Equities fund tracking the MSCI Chile Investable Market Index, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. Both are passively managed. Over the past 3 years, ECH returned 15.48%/yr vs 16.78%/yr for ISCMF. At a correlation of -0.02, they often move in opposite directions. ECH charges 0.59%/yr vs 0.19%/yr for ISCMF.
Performance
ECH vs. ISCMF - Performance Comparison
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Returns By Period
In the year-to-date period, ECH achieves a 2.63% return, which is significantly lower than ISCMF's 22.87% return.
ECH
- 1D
- 0.39%
- 1M
- 2.91%
- YTD
- 2.63%
- 6M
- 4.41%
- 1Y
- 38.25%
- 3Y*
- 15.48%
- 5Y*
- 11.62%
- 10Y*
- 4.74%
ISCMF
- 1D
- 0.00%
- 1M
- -4.99%
- YTD
- 22.87%
- 6M
- 22.87%
- 1Y
- 31.30%
- 3Y*
- 16.78%
- 5Y*
- —
- 10Y*
- —
ECH vs. ISCMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ECH iShares MSCI Chile ETF | 2.63% | 65.41% | -8.67% | 9.01% | 5.09% |
ISCMF iShares Diversified Commodity Swap UCITS ETF | 22.87% | 19.65% | 3.13% | -9.58% | -5.82% |
Correlation
The correlation between ECH and ISCMF is -0.17, 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 | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | -0.02 |
The correlation between ECH and ISCMF shifts across timeframes, from -0.17 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ECH vs. ISCMF — Risk / Return Rank
ECH
ISCMF
ECH vs. ISCMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Chile ETF (ECH) 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.
| ECH | ISCMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 2.31 | -1.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 5.53 | -3.58 |
| Martin ratioReturn relative to average drawdown | 4.58 | 11.95 | -7.36 |
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Drawdowns
ECH vs. ISCMF - Drawdown Comparison
The maximum ECH drawdown since its inception was -74.08%, which is greater than ISCMF's maximum drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for ECH and ISCMF.
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Drawdown Indicators
| ECH | ISCMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.08% | -25.42% | -48.66% |
Max Drawdown (1Y)Largest decline over 1 year | -19.74% | -5.69% | -14.05% |
Max Drawdown (3Y)Largest decline over 3 years | -25.59% | -7.62% | -17.97% |
Max Drawdown (5Y)Largest decline over 5 years | -25.59% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -66.89% | — | — |
Current DrawdownCurrent decline from peak | -23.74% | -5.26% | -18.48% |
Average DrawdownAverage peak-to-trough decline | -37.48% | -13.36% | -24.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.37% | 2.63% | +5.74% |
Volatility
ECH vs. ISCMF - Volatility Comparison
iShares MSCI Chile ETF (ECH) has a higher volatility of 8.61% compared to iShares Diversified Commodity Swap UCITS ETF (ISCMF) at 5.11%. This indicates that ECH'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
| ECH | ISCMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.61% | 5.11% | +3.50% |
Volatility (6M)Calculated over the trailing 6-month period | 21.15% | 15.45% | +5.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.54% | 17.87% | +7.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.62% | 14.29% | +13.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.28% | 14.29% | +12.99% |
ECH vs. ISCMF - Expense Ratio Comparison
ECH has a 0.59% expense ratio, which is higher than ISCMF's 0.19% expense ratio.
Dividends
ECH vs. ISCMF - Dividend Comparison
ECH's dividend yield for the trailing twelve months is around 1.92%, while ISCMF has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECH iShares MSCI Chile ETF | 1.92% | 2.01% | 3.12% | 4.77% | 6.73% | 5.49% | 2.16% | 2.47% | 2.37% | 1.42% | 1.85% | 2.13% |
ISCMF 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% |
Frequently Asked Questions
ECH and ISCMF have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ECH has higher volatility (8.61%) compared to ISCMF (5.11%). In terms of maximum drawdown, ECH dropped -74.08% vs ISCMF's -25.42%.
On 3-year performance, ISCMF leads with 16.78% vs 15.48% for ECH. On fees, ISCMF is cheaper at 0.19% per year. On volatility, ISCMF has been the lower-risk option at 5.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ISCMF has performed better with a 16.78% return vs 15.48%. 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 0.59% for ECH.
ECH has the higher dividend yield at 1.92%, compared with 0.00% for ISCMF.
ECH is categorized as Foreign Large Cap Equities, while ISCMF is Commodities. ECH tracks MSCI Chile Investable Market Index, while ISCMF tracks Bloomberg Commodity Index. Their fees differ too: 0.59% for ECH and 0.19% for ISCMF.
ISCMF currently has the higher Sharpe Ratio (1.76 vs 1.51), 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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