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ISCMF vs. COMB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

ISCMF vs. COMB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Diversified Commodity Swap UCITS ETF (ISCMF) and GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ISCMF achieves a 22.87% return, which is significantly lower than COMB's 26.81% return.


ISCMF

1D
0.00%
1M
-0.67%
YTD
22.87%
6M
27.76%
1Y
37.85%
3Y*
15.20%
5Y*
10Y*

COMB

1D
0.03%
1M
-2.98%
YTD
26.81%
6M
25.89%
1Y
38.86%
3Y*
16.31%
5Y*
11.27%
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

ISCMF vs. COMB - Yearly Performance Comparison


2026 (YTD)2025202420232022
ISCMF
iShares Diversified Commodity Swap UCITS ETF
22.87%19.65%3.13%-9.58%-5.08%
COMB
GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF
26.81%15.12%5.24%-7.75%-7.03%

Correlation

The correlation between ISCMF and COMB is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.12

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. COMB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ISCMF
ISCMF Risk / Return Rank: 8383
Overall Rank
ISCMF Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
ISCMF Sortino Ratio Rank: 8383
Sortino Ratio Rank
ISCMF Omega Ratio Rank: 9999
Omega Ratio Rank
ISCMF Calmar Ratio Rank: 9393
Calmar Ratio Rank
ISCMF Martin Ratio Rank: 8080
Martin Ratio Rank

COMB
COMB Risk / Return Rank: 7171
Overall Rank
COMB Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
COMB Sortino Ratio Rank: 6161
Sortino Ratio Rank
COMB Omega Ratio Rank: 6868
Omega Ratio Rank
COMB Calmar Ratio Rank: 8787
Calmar Ratio Rank
COMB Martin Ratio Rank: 7171
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ISCMF vs. COMB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (ISCMF) and GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB). 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.


ISCMFCOMBDifference
Sharpe ratioReturn per unit of total volatility

-0.24

Sortino ratioReturn per unit of downside risk

+0.83

Omega ratioGain probability vs. loss probability

2.53

1.41

+1.11

Calmar ratioReturn relative to maximum drawdown

6.69

5.08

+1.61

Martin ratioReturn relative to average drawdown

15.68

13.24

+2.44

ISCMF vs. COMB - Sharpe Ratio Comparison

The current ISCMF Sharpe Ratio is 2.05, which is comparable to the COMB Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of ISCMF and COMB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Sharpe Ratios by Period


ISCMFCOMBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.05

2.29

-0.24

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.68

Sharpe Ratio (All Time)

Calculated using the full available price history

0.45

0.52

-0.07

Drawdowns

ISCMF vs. COMB - Drawdown Comparison

The maximum ISCMF drawdown since its inception was -25.42%, smaller than the maximum COMB drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for ISCMF and COMB.


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Drawdown Indicators


ISCMFCOMBDifference

Max Drawdown

Largest peak-to-trough decline

-25.42%

-33.50%

+8.08%

Max Drawdown (1Y)

Largest decline over 1 year

-5.69%

-7.69%

+2.00%

Max Drawdown (3Y)

Largest decline over 3 years

-7.62%

-11.35%

+3.73%

Max Drawdown (5Y)

Largest decline over 5 years

-26.63%

Current Drawdown

Current decline from peak

-5.26%

-4.35%

-0.91%

Average Drawdown

Average peak-to-trough decline

-13.43%

-12.06%

-1.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.42%

2.94%

-0.52%

Volatility

ISCMF vs. COMB - Volatility Comparison

iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a higher volatility of 7.14% compared to GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) at 5.14%. This indicates that ISCMF's price experiences larger fluctuations and is considered to be riskier than COMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


ISCMFCOMBDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.14%

5.14%

+2.00%

Volatility (6M)

Calculated over the trailing 6-month period

15.90%

14.99%

+0.91%

Volatility (1Y)

Calculated over the trailing 1-year period

18.53%

17.02%

+1.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.38%

16.70%

-2.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.38%

15.13%

-0.75%

ISCMF vs. COMB - Expense Ratio Comparison

ISCMF has a 0.19% expense ratio, which is lower than COMB's 0.25% 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%.


Dividends

ISCMF vs. COMB - Dividend Comparison

ISCMF has not paid dividends to shareholders, while COMB's dividend yield for the trailing twelve months is around 7.14%.


PositionTTM202520242023202220212020201920182017
COMB
GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF
7.14%9.05%2.48%6.57%30.85%15.83%0.07%1.48%0.97%0.20%
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 COMB have a correlation of 0.12, 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 COMB (5.14%). In terms of maximum drawdown, ISCMF dropped -25.42% vs COMB's -33.50%.

On 3-year performance, COMB leads with 16.31% vs 15.20% for ISCMF. On fees, ISCMF is cheaper at 0.19% per year. On volatility, COMB has been the lower-risk option at 5.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, COMB has performed better with a 16.31% return vs 15.20%. 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 0.25% for COMB.

COMB has the higher dividend yield at 7.14%, compared with 0.00% for ISCMF.

They also come from different issuers: iShares and GraniteShares. Their fees differ too: 0.19% for ISCMF and 0.25% for COMB.

COMB currently has the higher Sharpe Ratio (2.29 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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