ETCO vs. ISCMF
ETCO (Grayscale Ethereum Covered Call ETF) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - ETCO is a Cryptocurrency fund actively managed by Grayscale, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. ETCO is actively managed, while ISCMF is passively managed. Their -0.12 correlation means they have often moved in opposite directions in the past. ETCO charges 0.66%/yr vs 0.19%/yr for ISCMF.
Performance
ETCO vs. ISCMF - Performance Comparison
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Returns By Period
In the year-to-date period, ETCO achieves a -34.69% return, which is significantly lower than ISCMF's 11.96% return.
ETCO
- 1D
- -2.50%
- 1M
- 5.77%
- 6M
- -27.08%
- YTD
- -34.69%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
ISCMF
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 1.00%
- YTD
- 11.96%
- 1Y
- 21.66%
- 3Y*
- 10.24%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $41.84K | $37.58K | $56.92K | |
| $0.00 | $9.78K | $53.76K |
ETCO vs. ISCMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ETCO Grayscale Ethereum Covered Call ETF | -34.69% | -26.08% |
ISCMF iShares Diversified Commodity Swap UCITS ETF | 11.96% | 11.40% |
Correlation
The correlation between ETCO and ISCMF is -0.12, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 4, 2025 | -0.12 |
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Return for Risk
ETCO vs. ISCMF — Risk / Return Rank
ETCO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ISCMF
ETCO vs. ISCMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Ethereum Covered Call ETF (ETCO) 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.
| ETCO | ISCMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.81 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.59 | — |
| Martin ratioReturn relative to average drawdown | — | 4.79 | — |
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Drawdowns
ETCO vs. ISCMF - Drawdown Comparison
The maximum ETCO drawdown since its inception was -59.43%, which is greater than ISCMF's maximum drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for ETCO and ISCMF.
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Drawdown Indicators
| ETCO | ISCMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.43% | -25.42% | -34.01% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.68% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.68% | — |
Current DrawdownCurrent decline from peak | -55.22% | -13.68% | -41.54% |
Average DrawdownAverage peak-to-trough decline | -38.17% | -13.31% | -24.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.53% | — |
Volatility
ETCO vs. ISCMF - Volatility Comparison
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Volatility by Period
| ETCO | ISCMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.30% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 17.32% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 50.60% | 19.57% | +31.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.60% | 14.74% | +35.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.60% | 14.74% | +35.86% |
ETCO vs. ISCMF - Expense Ratio Comparison
ETCO has a 0.66% expense ratio, which is higher than ISCMF's 0.19% expense ratio.
Dividends
ETCO vs. ISCMF - Dividend Comparison
ETCO's dividend yield for the trailing twelve months is around 153.50%, while ISCMF has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
ETCO Grayscale Ethereum Covered Call ETF | 153.50% | 42.29% |
ISCMF iShares Diversified Commodity Swap UCITS ETF | 0.00% | 0.00% |
Frequently Asked Questions
ETCO and ISCMF have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISCMF is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISCMF is cheaper with a 0.19% expense ratio, compared with 0.66% for ETCO.
ETCO has the higher dividend yield at 153.50%, compared with 0.00% for ISCMF.
ETCO is categorized as Cryptocurrency, while ISCMF is Commodities. They also come from different issuers: Grayscale and iShares. Their fees differ too: 0.66% for ETCO and 0.19% for ISCMF.
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