ICOM.L vs. SPDM.L
Compare and contrast key facts about iShares Diversified Commodity Swap UCITS ETF (ICOM.L) and iShares Physical Palladium ETC (SPDM.L).
ICOM.L and SPDM.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ICOM.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Commodity (Total Return Index). It was launched on Jul 18, 2017. SPDM.L is a passively managed fund by iShares that tracks the performance of the London Palladium PM Fix. It was launched on Apr 8, 2011. Both ICOM.L and SPDM.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ICOM.L vs. SPDM.L - Performance Comparison
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ICOM.L vs. SPDM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICOM.L iShares Diversified Commodity Swap UCITS ETF | 22.93% | 16.45% | 5.07% | -8.06% | 14.83% | 27.05% | -3.74% | 6.75% | -10.19% | 5.58% |
SPDM.L iShares Physical Palladium ETC | -8.02% | 74.44% | -19.00% | -38.04% | -5.71% | -20.33% | 22.88% | 53.28% | 17.94% | 22.08% |
Different Trading Currencies
ICOM.L is traded in USD, while SPDM.L is traded in GBp. To make them comparable, the SPDM.L 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 22.93% return, which is significantly higher than SPDM.L's -8.02% return.
ICOM.L
- 1D
- -1.35%
- 1M
- 8.93%
- YTD
- 22.93%
- 6M
- 30.67%
- 1Y
- 30.93%
- 3Y*
- 13.52%
- 5Y*
- 13.50%
- 10Y*
- —
SPDM.L
- 1D
- 2.79%
- 1M
- -16.89%
- YTD
- -8.02%
- 6M
- 16.68%
- 1Y
- 46.77%
- 3Y*
- -0.49%
- 5Y*
- -11.50%
- 10Y*
- 9.69%
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ICOM.L vs. SPDM.L - Expense Ratio Comparison
ICOM.L has a 0.19% expense ratio, which is lower than SPDM.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
ICOM.L vs. SPDM.L — Risk / Return Rank
ICOM.L
SPDM.L
ICOM.L vs. SPDM.L - 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 Physical Palladium ETC (SPDM.L). 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 | SPDM.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.90 | 1.06 | +0.84 |
Sortino ratioReturn per unit of downside risk | 2.48 | 1.53 | +0.94 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.20 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 4.30 | 1.27 | +3.02 |
Martin ratioReturn relative to average drawdown | 10.16 | 3.88 | +6.27 |
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 | SPDM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.90 | 1.06 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | -0.27 | +1.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.25 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.12 | +0.44 |
Correlation
The correlation between ICOM.L and SPDM.L is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ICOM.L vs. SPDM.L - Dividend Comparison
Neither ICOM.L nor SPDM.L has paid dividends to shareholders.
Drawdowns
ICOM.L vs. SPDM.L - Drawdown Comparison
The maximum ICOM.L drawdown since its inception was -33.13%, smaller than the maximum SPDM.L drawdown of -72.00%. Use the drawdown chart below to compare losses from any high point for ICOM.L and SPDM.L.
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Drawdown Indicators
| ICOM.L | SPDM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.13% | -70.87% | +37.74% |
Max Drawdown (1Y)Largest decline over 1 year | -8.86% | -35.14% | +26.28% |
Max Drawdown (5Y)Largest decline over 5 years | -26.74% | -70.87% | +44.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.87% | — |
Current DrawdownCurrent decline from peak | -1.35% | -52.71% | +51.36% |
Average DrawdownAverage peak-to-trough decline | -13.08% | -24.77% | +11.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 11.36% | -8.32% |
Volatility
ICOM.L vs. SPDM.L - Volatility Comparison
The current volatility for iShares Diversified Commodity Swap UCITS ETF (ICOM.L) is 7.29%, while iShares Physical Palladium ETC (SPDM.L) has a volatility of 12.89%. This indicates that ICOM.L experiences smaller price fluctuations and is considered to be less risky than SPDM.L 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 | SPDM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.29% | 12.89% | -5.60% |
Volatility (6M)Calculated over the trailing 6-month period | 13.15% | 38.51% | -25.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.24% | 44.17% | -27.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.24% | 42.90% | -26.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.07% | 38.54% | -23.47% |