ISCMF vs. DGRO
ISCMF (iShares Diversified Commodity Swap UCITS ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - ISCMF is a Commodities fund tracking the Bloomberg Commodity Index, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Both are passively managed. Over the past 3 years, ISCMF returned 10.24%/yr vs 17.09%/yr for DGRO. Their -0.03 correlation means they have often moved in opposite directions in the past. ISCMF charges 0.19%/yr vs 0.08%/yr for DGRO.
Performance
ISCMF vs. DGRO - Performance Comparison
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Returns By Period
In the year-to-date period, ISCMF achieves a 11.96% return, which is significantly lower than DGRO's 13.79% return.
ISCMF
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 1.00%
- YTD
- 11.96%
- 1Y
- 21.66%
- 3Y*
- 10.24%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.78%
DGRO
- 1D
- 0.35%
- 1M
- 1.32%
- 6M
- 9.21%
- YTD
- 13.79%
- 1Y
- 24.64%
- 3Y*
- 17.09%
- 5Y*
- 11.15%
- 10Y*
- 13.38%
- ALL TIME*
- 12.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $107.57M | $103.25M | $110.55M | |
| $0.00 | $8.28K | $54.64K |
ISCMF vs. DGRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ISCMF iShares Diversified Commodity Swap UCITS ETF | 11.96% | 19.65% | 3.13% | -9.58% | -5.82% |
DGRO iShares Core Dividend Growth ETF | 13.79% | 15.69% | 16.62% | 10.47% | -2.89% |
Correlation
The correlation between ISCMF and DGRO is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.00 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | -0.03 |
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Return for Risk
ISCMF vs. DGRO — Risk / Return Rank
ISCMF
DGRO
ISCMF vs. DGRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (ISCMF) and iShares Core Dividend Growth ETF (DGRO). 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.
| ISCMF | DGRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.81 | 1.48 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 3.83 | -2.24 |
| Martin ratioReturn relative to average drawdown | 4.71 | 14.91 | -10.20 |
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Drawdowns
ISCMF vs. DGRO - Drawdown Comparison
The maximum ISCMF drawdown since its inception was -25.42%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for ISCMF and DGRO.
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Drawdown Indicators
| ISCMF | DGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.42% | -35.10% | +9.68% |
Max Drawdown (1Y)Largest decline over 1 year | -13.68% | -6.47% | -7.21% |
Max Drawdown (3Y)Largest decline over 3 years | -13.68% | -14.03% | +0.35% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.31% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.10% | — |
Current DrawdownCurrent decline from peak | -13.68% | -1.01% | -12.67% |
Average DrawdownAverage peak-to-trough decline | -13.31% | -3.41% | -9.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.61% | 1.66% | +2.95% |
Volatility
ISCMF vs. DGRO - Volatility Comparison
The current volatility for iShares Diversified Commodity Swap UCITS ETF (ISCMF) is 0.00%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 2.88%. This indicates that ISCMF experiences smaller price fluctuations and is considered to be less risky than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISCMF | DGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 2.88% | -2.88% |
Volatility (6M)Calculated over the trailing 6-month period | 17.04% | 7.12% | +9.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.61% | 9.54% | +10.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.74% | 13.79% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.74% | 16.58% | -1.84% |
ISCMF vs. DGRO - Expense Ratio Comparison
ISCMF has a 0.19% expense ratio, which is higher than DGRO's 0.08% expense ratio. However, 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. DGRO - Dividend Comparison
ISCMF has not paid dividends to shareholders, while DGRO's dividend yield for the trailing twelve months is around 1.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGRO iShares Core Dividend Growth ETF | 1.89% | 2.09% | 2.26% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
ISCMF and DGRO have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGRO has higher volatility (2.88%) compared to ISCMF (0.00%). In terms of maximum drawdown, ISCMF dropped -25.42% vs DGRO's -35.10%.
On 3-year performance, DGRO leads with 17.09% vs 10.24% for ISCMF. On fees, DGRO is cheaper at 0.08% per year. On volatility, ISCMF has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DGRO has performed better with a 17.09% return vs 10.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DGRO is cheaper with a 0.08% expense ratio, compared with 0.19% for ISCMF.
DGRO has the higher dividend yield at 1.89%, compared with 0.00% for ISCMF.
ISCMF is categorized as Commodities, while DGRO is Large Cap Growth Equities. ISCMF tracks Bloomberg Commodity Index, while DGRO tracks Morningstar US Dividend Growth Index. Their fees differ too: 0.19% for ISCMF and 0.08% for DGRO.
DGRO currently has the higher Sharpe Ratio (2.60 vs 1.11), 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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