ICOM.L vs. IS3S.DE
ICOM.L (iShares Diversified Commodity Swap UCITS ETF) and IS3S.DE (iShares Edge MSCI World Value Factor UCITS ETF) are both exchange-traded funds - ICOM.L is a Commodities fund tracking the Bloomberg Commodity (Total Return Index), while IS3S.DE is a Global Equities fund tracking the MSCI World Enhanced Value. Both are passively managed. Over the past 5 years, ICOM.L returned 11.06%/yr vs 16.26%/yr for IS3S.DE. At a 0.30 correlation, their price movements are largely independent. ICOM.L charges 0.19%/yr vs 0.30%/yr for IS3S.DE.
Performance
ICOM.L vs. IS3S.DE - Performance Comparison
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Different Trading Currencies
ICOM.L is traded in USD, while IS3S.DE is traded in EUR. To make them comparable, the IS3S.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ICOM.L achieves a 24.73% return, which is significantly lower than IS3S.DE's 33.71% return.
ICOM.L
- 1D
- -1.26%
- 1M
- -3.64%
- YTD
- 24.73%
- 6M
- 24.19%
- 1Y
- 37.66%
- 3Y*
- 15.67%
- 5Y*
- 11.06%
- 10Y*
- —
IS3S.DE
- 1D
- -0.71%
- 1M
- 11.89%
- YTD
- 33.71%
- 6M
- 38.17%
- 1Y
- 66.24%
- 3Y*
- 30.28%
- 5Y*
- 16.26%
- 10Y*
- 12.86%
ICOM.L vs. IS3S.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICOM.L iShares Diversified Commodity Swap UCITS ETF | 24.73% | 16.45% | 5.07% | -8.06% | 14.83% | 27.05% | -3.74% | 6.75% | -10.19% | 5.58% |
IS3S.DE iShares Edge MSCI World Value Factor UCITS ETF | 33.71% | 41.27% | 5.00% | 19.27% | -10.05% | 20.09% | -3.98% | 19.44% | -14.55% | 10.55% |
Correlation
The correlation between ICOM.L and IS3S.DE is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2017 | 0.30 |
The correlation between ICOM.L and IS3S.DE shifts across timeframes, from -0.07 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ICOM.L vs. IS3S.DE — Risk / Return Rank
ICOM.L
IS3S.DE
ICOM.L vs. IS3S.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (ICOM.L) and iShares Edge MSCI World Value Factor UCITS ETF (IS3S.DE). 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.
| ICOM.L | IS3S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.20 | ||
| Sortino ratioReturn per unit of downside risk | -3.20 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.80 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 5.22 | 7.76 | -2.54 |
| Martin ratioReturn relative to average drawdown | 12.15 | 29.11 | -16.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ICOM.L | IS3S.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.22 | 4.42 | -2.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 1.02 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.62 | -0.07 |
Drawdowns
ICOM.L vs. IS3S.DE - Drawdown Comparison
The maximum ICOM.L drawdown since its inception was -33.13%, smaller than the maximum IS3S.DE drawdown of -39.28%. Use the drawdown chart below to compare losses from any high point for ICOM.L and IS3S.DE.
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Drawdown Indicators
| ICOM.L | IS3S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.13% | -39.28% | +6.15% |
Max Drawdown (1Y)Largest decline over 1 year | -7.18% | -8.49% | +1.31% |
Max Drawdown (3Y)Largest decline over 3 years | -11.40% | -15.59% | +4.19% |
Max Drawdown (5Y)Largest decline over 5 years | -26.74% | -26.37% | -0.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.28% | — |
Current DrawdownCurrent decline from peak | -5.33% | -0.91% | -4.42% |
Average DrawdownAverage peak-to-trough decline | -12.87% | -7.52% | -5.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 2.27% | +0.82% |
Volatility
ICOM.L vs. IS3S.DE - Volatility Comparison
The current volatility for iShares Diversified Commodity Swap UCITS ETF (ICOM.L) is 5.49%, while iShares Edge MSCI World Value Factor UCITS ETF (IS3S.DE) has a volatility of 6.05%. This indicates that ICOM.L experiences smaller price fluctuations and is considered to be less risky than IS3S.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICOM.L | IS3S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.49% | 6.05% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 15.09% | 12.10% | +2.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.90% | 14.93% | +1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.51% | 15.77% | +0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.23% | 16.83% | -1.60% |
ICOM.L vs. IS3S.DE - Expense Ratio Comparison
ICOM.L has a 0.19% expense ratio, which is lower than IS3S.DE's 0.30% expense ratio.
Dividends
ICOM.L vs. IS3S.DE - Dividend Comparison
Neither ICOM.L nor IS3S.DE has paid dividends to shareholders.
Frequently Asked Questions
ICOM.L and IS3S.DE have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ICOM.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICOM.L is cheaper with a 0.19% expense ratio, compared with 0.30% for IS3S.DE.
ICOM.L is categorized as Commodities, while IS3S.DE is Global Equities. ICOM.L tracks Bloomberg Commodity (Total Return Index), while IS3S.DE tracks MSCI World Enhanced Value. Their fees differ too: 0.19% for ICOM.L and 0.30% for IS3S.DE.
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