GQRE vs. ISCMF
GQRE (FlexShares Global Quality Real Estate Index Fund) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - GQRE is a REIT fund tracking the Northern Trust Global Quality Real Estate (NR), while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. Both are passively managed. Over the past 3 years, GQRE returned 11.94%/yr vs 16.78%/yr for ISCMF. At a correlation of -0.02, they often move in opposite directions. GQRE charges 0.45%/yr vs 0.19%/yr for ISCMF.
Performance
GQRE vs. ISCMF - Performance Comparison
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Returns By Period
In the year-to-date period, GQRE achieves a 9.32% return, which is significantly lower than ISCMF's 22.87% return.
GQRE
- 1D
- 0.69%
- 1M
- -0.17%
- YTD
- 9.32%
- 6M
- 9.88%
- 1Y
- 11.39%
- 3Y*
- 11.94%
- 5Y*
- 2.35%
- 10Y*
- 4.10%
ISCMF
- 1D
- 0.00%
- 1M
- -4.99%
- YTD
- 22.87%
- 6M
- 22.87%
- 1Y
- 31.30%
- 3Y*
- 16.78%
- 5Y*
- —
- 10Y*
- —
GQRE vs. ISCMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GQRE FlexShares Global Quality Real Estate Index Fund | 9.32% | 8.27% | 6.09% | 9.21% | -21.12% |
ISCMF iShares Diversified Commodity Swap UCITS ETF | 22.87% | 19.65% | 3.13% | -9.58% | -5.82% |
Correlation
The correlation between GQRE and ISCMF is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | -0.02 |
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Return for Risk
GQRE vs. ISCMF — Risk / Return Rank
GQRE
ISCMF
GQRE vs. ISCMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Global Quality Real Estate Index Fund (GQRE) 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.
| GQRE | ISCMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 2.31 | -1.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 5.53 | -4.40 |
| Martin ratioReturn relative to average drawdown | 4.24 | 11.85 | -7.61 |
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Drawdowns
GQRE vs. ISCMF - Drawdown Comparison
The maximum GQRE drawdown since its inception was -41.87%, which is greater than ISCMF's maximum drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for GQRE and ISCMF.
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Drawdown Indicators
| GQRE | ISCMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.87% | -25.42% | -16.45% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | -5.69% | -4.46% |
Max Drawdown (3Y)Largest decline over 3 years | -16.17% | -7.62% | -8.55% |
Max Drawdown (5Y)Largest decline over 5 years | -35.08% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.87% | — | — |
Current DrawdownCurrent decline from peak | -1.64% | -5.26% | +3.62% |
Average DrawdownAverage peak-to-trough decline | -9.20% | -13.35% | +4.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 2.65% | +0.05% |
Volatility
GQRE vs. ISCMF - Volatility Comparison
The current volatility for FlexShares Global Quality Real Estate Index Fund (GQRE) is 3.69%, while iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a volatility of 5.11%. This indicates that GQRE 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
| GQRE | ISCMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 5.11% | -1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 9.20% | 15.45% | -6.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.91% | 17.84% | -5.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.46% | 14.29% | +2.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.65% | 14.29% | +3.36% |
GQRE vs. ISCMF - Expense Ratio Comparison
GQRE has a 0.45% expense ratio, which is higher than ISCMF's 0.19% expense ratio.
Dividends
GQRE vs. ISCMF - Dividend Comparison
GQRE's dividend yield for the trailing twelve months is around 4.29%, while ISCMF has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GQRE FlexShares Global Quality Real Estate Index Fund | 4.29% | 4.75% | 3.77% | 2.91% | 2.56% | 2.36% | 2.05% | 4.29% | 3.22% | 1.97% | 4.16% | 2.32% |
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
GQRE and ISCMF have a correlation of -0.09, 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 GQRE (3.69%). In terms of maximum drawdown, GQRE dropped -41.87% vs ISCMF's -25.42%.
On 3-year performance, ISCMF leads with 16.78% vs 11.94% for GQRE. On fees, ISCMF is cheaper at 0.19% per year. On volatility, GQRE has been the lower-risk option at 3.69%. 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 11.94%. 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 0.45% for GQRE.
GQRE has the higher dividend yield at 4.29%, compared with 0.00% for ISCMF.
GQRE is categorized as REIT, while ISCMF is Commodities. GQRE tracks Northern Trust Global Quality Real Estate (NR), while ISCMF tracks Bloomberg Commodity Index. They also come from different issuers: Northern Trust and iShares. Their fees differ too: 0.45% for GQRE and 0.19% for ISCMF.
ISCMF currently has the higher Sharpe Ratio (1.76 vs 0.97), 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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