ICBMX vs. IYM
ICBMX (ICON Natural Resources and Infrastructure Fund) and IYM (iShares U.S. Basic Materials ETF) are both funds - ICBMX is a Infrastructure Equities fund managed by ICON Funds, while IYM is a Materials fund tracking the Dow Jones U.S. Basic Materials Index. Over the past 10 years, ICBMX returned 12.95%/yr vs 10.11%/yr for IYM. Their correlation of 0.87 means they have usually moved in the same direction. ICBMX charges 1.31%/yr vs 0.42%/yr for IYM.
Performance
ICBMX vs. IYM - Performance Comparison
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Returns By Period
In the year-to-date period, ICBMX achieves a 20.52% return, which is significantly higher than IYM's 14.73% return. Over the past 10 years, ICBMX has outperformed IYM with an annualized return of 12.95%, while IYM has yielded a comparatively lower 10.11% annualized return.
ICBMX
- 1D
- 1.07%
- 1M
- 2.59%
- 6M
- 10.05%
- YTD
- 20.52%
- 1Y
- 39.58%
- 3Y*
- 18.52%
- 5Y*
- 15.29%
- 10Y*
- 12.95%
- ALL TIME*
- 7.00%
IYM
- 1D
- -1.96%
- 1M
- -3.54%
- 6M
- 3.72%
- YTD
- 14.73%
- 1Y
- 28.28%
- 3Y*
- 10.20%
- 5Y*
- 7.53%
- 10Y*
- 10.11%
- ALL TIME*
- 8.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $17.03M | $23.02M | $39.39M |
ICBMX vs. IYM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICBMX ICON Natural Resources and Infrastructure Fund | 20.52% | 15.95% | 21.25% | 11.02% | 0.50% | 30.63% | 5.53% | 22.11% | -17.38% | 16.93% |
IYM iShares U.S. Basic Materials ETF | 14.73% | 20.41% | -4.54% | 12.83% | -9.15% | 25.62% | 17.87% | 19.22% | -16.63% | 24.83% |
Correlation
The correlation between ICBMX and IYM is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2000 | 0.87 |
The correlation between ICBMX and IYM shifts across timeframes, from 0.74 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ICBMX vs. IYM — Risk / Return Rank
ICBMX
IYM
ICBMX vs. IYM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ICON Natural Resources and Infrastructure Fund (ICBMX) and iShares U.S. Basic Materials ETF (IYM). 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.
| ICBMX | IYM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.23 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 1.98 | +1.51 |
| Martin ratioReturn relative to average drawdown | 12.12 | 6.68 | +5.44 |
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Drawdowns
ICBMX vs. IYM - Drawdown Comparison
The maximum ICBMX drawdown since its inception was -63.92%, smaller than the maximum IYM drawdown of -67.78%. Use the drawdown chart below to compare losses from any high point for ICBMX and IYM.
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Drawdown Indicators
| ICBMX | IYM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.92% | -67.78% | +3.86% |
Max Drawdown (1Y)Largest decline over 1 year | -10.10% | -13.61% | +3.51% |
Max Drawdown (3Y)Largest decline over 3 years | -26.49% | -23.62% | -2.87% |
Max Drawdown (5Y)Largest decline over 5 years | -26.49% | -29.94% | +3.45% |
Max Drawdown (10Y)Largest decline over 10 years | -48.18% | -42.76% | -5.42% |
Current DrawdownCurrent decline from peak | -1.49% | -7.05% | +5.56% |
Average DrawdownAverage peak-to-trough decline | -17.79% | -11.41% | -6.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 4.02% | -1.11% |
Volatility
ICBMX vs. IYM - Volatility Comparison
The current volatility for ICON Natural Resources and Infrastructure Fund (ICBMX) is 3.59%, while iShares U.S. Basic Materials ETF (IYM) has a volatility of 5.29%. This indicates that ICBMX experiences smaller price fluctuations and is considered to be less risky than IYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICBMX | IYM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.59% | 5.29% | -1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 12.98% | 16.09% | -3.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.84% | 19.88% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.61% | 20.51% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.24% | 21.72% | +0.52% |
ICBMX vs. IYM - Expense Ratio Comparison
ICBMX has a 1.31% expense ratio, which is higher than IYM's 0.42% expense ratio.
Dividends
ICBMX vs. IYM - Dividend Comparison
ICBMX's dividend yield for the trailing twelve months is around 8.30%, more than IYM's 1.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICBMX ICON Natural Resources and Infrastructure Fund | 8.30% | 10.01% | 17.24% | 7.07% | 11.07% | 1.32% | 0.32% | 1.55% | 21.58% | 1.19% | 0.53% | 7.78% |
IYM iShares U.S. Basic Materials ETF | 1.33% | 1.51% | 1.65% | 1.77% | 2.14% | 1.48% | 1.39% | 2.08% | 1.68% | 1.43% | 1.47% | 2.04% |
Frequently Asked Questions
ICBMX and IYM have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYM has higher volatility (5.29%) compared to ICBMX (3.59%). In terms of maximum drawdown, ICBMX dropped -63.92% vs IYM's -67.78%.
ICBMX currently has the higher Sharpe Ratio (1.78 vs 1.36), 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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