ISCMF vs. BCD
ISCMF (iShares Diversified Commodity Swap UCITS ETF) and BCD (abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF) are both Commodities funds. ISCMF is passively managed, while BCD is actively managed. Over the past 3 years, ISCMF returned 15.20%/yr vs 14.44%/yr for BCD. At a 0.08 correlation, their price movements are largely independent. ISCMF charges 0.19%/yr vs 0.29%/yr for BCD.
Performance
ISCMF vs. BCD - Performance Comparison
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Returns By Period
In the year-to-date period, ISCMF achieves a 22.87% return, which is significantly higher than BCD's 20.45% return.
ISCMF
- 1D
- 0.00%
- 1M
- -0.67%
- YTD
- 22.87%
- 6M
- 27.76%
- 1Y
- 37.85%
- 3Y*
- 15.20%
- 5Y*
- —
- 10Y*
- —
BCD
- 1D
- -0.16%
- 1M
- -1.43%
- YTD
- 20.45%
- 6M
- 20.51%
- 1Y
- 31.80%
- 3Y*
- 14.44%
- 5Y*
- 11.98%
- 10Y*
- —
ISCMF vs. BCD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ISCMF iShares Diversified Commodity Swap UCITS ETF | 22.87% | 19.65% | 3.13% | -9.58% | -5.08% |
BCD abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF | 20.45% | 15.71% | 6.20% | -7.58% | -2.36% |
Correlation
The correlation between ISCMF and BCD 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 | 0.11 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022 | 0.08 |
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Return for Risk
ISCMF vs. BCD — Risk / Return Rank
ISCMF
BCD
ISCMF vs. BCD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (ISCMF) and abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD). 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.
| ISCMF | BCD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 2.53 | 1.43 | +1.10 |
| Calmar ratioReturn relative to maximum drawdown | 6.69 | 4.42 | +2.26 |
| Martin ratioReturn relative to average drawdown | 15.68 | 12.57 | +3.12 |
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
| ISCMF | BCD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 2.33 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.67 | -0.22 |
Drawdowns
ISCMF vs. BCD - Drawdown Comparison
The maximum ISCMF drawdown since its inception was -25.42%, smaller than the maximum BCD drawdown of -29.81%. Use the drawdown chart below to compare losses from any high point for ISCMF and BCD.
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Drawdown Indicators
| ISCMF | BCD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.42% | -29.81% | +4.39% |
Max Drawdown (1Y)Largest decline over 1 year | -5.69% | -7.22% | +1.53% |
Max Drawdown (3Y)Largest decline over 3 years | -7.62% | -10.50% | +2.88% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.03% | — |
Current DrawdownCurrent decline from peak | -5.26% | -3.60% | -1.66% |
Average DrawdownAverage peak-to-trough decline | -13.43% | -9.86% | -3.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 2.54% | -0.12% |
Volatility
ISCMF vs. BCD - Volatility Comparison
iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a higher volatility of 7.14% compared to abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) at 4.33%. This indicates that ISCMF's price experiences larger fluctuations and is considered to be riskier than BCD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISCMF | BCD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.14% | 4.33% | +2.81% |
Volatility (6M)Calculated over the trailing 6-month period | 15.90% | 11.74% | +4.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.53% | 13.72% | +4.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.38% | 15.41% | -1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.38% | 13.90% | +0.48% |
ISCMF vs. BCD - Expense Ratio Comparison
ISCMF has a 0.19% expense ratio, which is lower than BCD's 0.29% expense ratio.
Dividends
ISCMF vs. BCD - Dividend Comparison
ISCMF has not paid dividends to shareholders, while BCD's dividend yield for the trailing twelve months is around 14.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BCD abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF | 14.29% | 17.21% | 3.60% | 4.51% | 5.21% | 8.30% | 1.29% | 1.55% | 1.59% | 0.07% |
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% |
Frequently Asked Questions
ISCMF and BCD 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 (7.14%) compared to BCD (4.33%). In terms of maximum drawdown, ISCMF dropped -25.42% vs BCD's -29.81%.
On 3-year performance, ISCMF leads with 15.20% vs 14.44% for BCD. On fees, ISCMF is cheaper at 0.19% per year. On volatility, BCD has been the lower-risk option at 4.33%. 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 15.20% return vs 14.44%. 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 0.29% for BCD.
BCD has the higher dividend yield at 14.29%, compared with 0.00% for ISCMF.
They also come from different issuers: iShares and Aberdeen. Their fees differ too: 0.19% for ISCMF and 0.29% for BCD.
BCD currently has the higher Sharpe Ratio (2.33 vs 2.05), 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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