ELD vs. ISCMF
ELD (WisdomTree Emerging Markets Local Debt Fund) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - ELD is a Emerging Markets Bonds fund actively managed by WisdomTree, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. ELD is actively managed, while ISCMF is passively managed. Over the past 3 years, ELD returned 6.94%/yr vs 16.78%/yr for ISCMF. At a correlation of -0.04, they often move in opposite directions. ELD charges 0.55%/yr vs 0.19%/yr for ISCMF.
Performance
ELD vs. ISCMF - Performance Comparison
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Returns By Period
In the year-to-date period, ELD achieves a 0.81% return, which is significantly lower than ISCMF's 22.87% return.
ELD
- 1D
- -0.97%
- 1M
- 0.80%
- YTD
- 0.81%
- 6M
- 1.76%
- 1Y
- 10.18%
- 3Y*
- 6.94%
- 5Y*
- 2.77%
- 10Y*
- 2.85%
ISCMF
- 1D
- 0.00%
- 1M
- -4.99%
- YTD
- 22.87%
- 6M
- 22.87%
- 1Y
- 31.30%
- 3Y*
- 16.78%
- 5Y*
- —
- 10Y*
- —
ELD vs. ISCMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ELD WisdomTree Emerging Markets Local Debt Fund | 0.81% | 21.77% | -4.56% | 14.29% | -2.02% |
ISCMF iShares Diversified Commodity Swap UCITS ETF | 22.87% | 19.65% | 3.13% | -9.58% | -5.82% |
Correlation
The correlation between ELD and ISCMF is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | -0.04 |
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Return for Risk
ELD vs. ISCMF — Risk / Return Rank
ELD
ISCMF
ELD vs. ISCMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Local Debt Fund (ELD) 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.
| ELD | ISCMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 2.31 | -1.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 5.53 | -4.10 |
| Martin ratioReturn relative to average drawdown | 4.85 | 11.95 | -7.09 |
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Drawdowns
ELD vs. ISCMF - Drawdown Comparison
The maximum ELD drawdown since its inception was -31.92%, which is greater than ISCMF's maximum drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for ELD and ISCMF.
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Drawdown Indicators
| ELD | ISCMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.92% | -25.42% | -6.50% |
Max Drawdown (1Y)Largest decline over 1 year | -7.15% | -5.69% | -1.46% |
Max Drawdown (3Y)Largest decline over 3 years | -10.89% | -7.62% | -3.27% |
Max Drawdown (5Y)Largest decline over 5 years | -22.06% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -25.15% | — | — |
Current DrawdownCurrent decline from peak | -2.68% | -5.26% | +2.58% |
Average DrawdownAverage peak-to-trough decline | -13.28% | -13.36% | +0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 2.63% | -0.53% |
Volatility
ELD vs. ISCMF - Volatility Comparison
The current volatility for WisdomTree Emerging Markets Local Debt Fund (ELD) is 2.70%, while iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a volatility of 5.11%. This indicates that ELD 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.
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Volatility by Period
| ELD | ISCMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 5.11% | -2.41% |
Volatility (6M)Calculated over the trailing 6-month period | 7.36% | 15.45% | -8.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.56% | 17.87% | -9.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.96% | 14.29% | -3.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.26% | 14.29% | -3.03% |
ELD vs. ISCMF - Expense Ratio Comparison
ELD has a 0.55% expense ratio, which is higher than ISCMF's 0.19% expense ratio.
Dividends
ELD vs. ISCMF - Dividend Comparison
ELD's dividend yield for the trailing twelve months is around 5.82%, while ISCMF has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELD WisdomTree Emerging Markets Local Debt Fund | 5.82% | 5.38% | 5.75% | 4.85% | 5.29% | 4.98% | 4.70% | 4.92% | 6.30% | 4.68% | 4.86% | 5.57% |
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
ELD and ISCMF have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISCMF has higher volatility (5.11%) compared to ELD (2.70%). In terms of maximum drawdown, ELD dropped -31.92% vs ISCMF's -25.42%.
On 3-year performance, ISCMF leads with 16.78% vs 6.94% for ELD. On fees, ISCMF is cheaper at 0.19% per year. On volatility, ELD has been the lower-risk option at 2.70%. 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 6.94%. 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 0.55% for ELD.
ELD has the higher dividend yield at 5.82%, compared with 0.00% for ISCMF.
ELD is categorized as Emerging Markets Bonds, while ISCMF is Commodities. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.55% for ELD and 0.19% for ISCMF.
ISCMF currently has the higher Sharpe Ratio (1.76 vs 1.20), 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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