ISCMF vs. FGD
ISCMF (iShares Diversified Commodity Swap UCITS ETF) and FGD (First Trust Dow Jones Global Select Dividend Index Fund) are both exchange-traded funds - ISCMF is a Commodities fund tracking the Bloomberg Commodity Index, while FGD is a Global Equities fund tracking the Dow Jones Global Select Dividend Index. Both are passively managed. Over the past 3 years, ISCMF returned 10.24%/yr vs 22.63%/yr for FGD. Their -0.03 correlation means they have often moved in opposite directions in the past. ISCMF charges 0.19%/yr vs 0.59%/yr for FGD.
Performance
ISCMF vs. FGD - 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 FGD's 16.13% return.
ISCMF
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 1.00%
- YTD
- 11.96%
- 1Y
- 21.66%
- 3Y*
- 10.24%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.79%
FGD
- 1D
- -0.43%
- 1M
- 6.03%
- 6M
- 9.85%
- YTD
- 16.13%
- 1Y
- 32.70%
- 3Y*
- 22.63%
- 5Y*
- 12.38%
- 10Y*
- 10.22%
- ALL TIME*
- 6.18%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.82M | $6.03M | $6.77M | |
| $0.00 | $9.78K | $53.76K |
ISCMF vs. FGD - 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% |
FGD First Trust Dow Jones Global Select Dividend Index Fund | 16.13% | 44.42% | 5.71% | 8.20% | -6.76% |
Correlation
The correlation between ISCMF and FGD is -0.15, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.15 |
Correlation (3Y) Balances recent behavior with more history. | -0.04 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | -0.03 |
The correlation between ISCMF and FGD shifts across timeframes, from -0.15 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ISCMF vs. FGD — Risk / Return Rank
ISCMF
FGD
ISCMF vs. FGD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (ISCMF) and First Trust Dow Jones Global Select Dividend Index Fund (FGD). 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 | FGD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.45 | ||
| Sortino ratioReturn per unit of downside risk | -1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.81 | 1.47 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 3.25 | -1.66 |
| Martin ratioReturn relative to average drawdown | 4.79 | 10.99 | -6.19 |
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Drawdowns
ISCMF vs. FGD - Drawdown Comparison
The maximum ISCMF drawdown since its inception was -25.42%, smaller than the maximum FGD drawdown of -68.05%. Use the drawdown chart below to compare losses from any high point for ISCMF and FGD.
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Drawdown Indicators
| ISCMF | FGD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.42% | -68.05% | +42.63% |
Max Drawdown (1Y)Largest decline over 1 year | -13.68% | -9.82% | -3.86% |
Max Drawdown (3Y)Largest decline over 3 years | -13.68% | -11.50% | -2.18% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.68% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.84% | — |
Current DrawdownCurrent decline from peak | -13.68% | -0.43% | -13.25% |
Average DrawdownAverage peak-to-trough decline | -13.31% | -12.48% | -0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.53% | 2.90% | +1.63% |
Volatility
ISCMF vs. FGD - Volatility Comparison
iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a higher volatility of 9.30% compared to First Trust Dow Jones Global Select Dividend Index Fund (FGD) at 2.34%. This indicates that ISCMF's price experiences larger fluctuations and is considered to be riskier than FGD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISCMF | FGD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.30% | 2.34% | +6.96% |
Volatility (6M)Calculated over the trailing 6-month period | 17.32% | 10.00% | +7.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.57% | 12.49% | +7.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.74% | 14.85% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.74% | 17.91% | -3.17% |
ISCMF vs. FGD - Expense Ratio Comparison
ISCMF has a 0.19% expense ratio, which is lower than FGD's 0.59% expense ratio.
Dividends
ISCMF vs. FGD - Dividend Comparison
ISCMF has not paid dividends to shareholders, while FGD's dividend yield for the trailing twelve months is around 5.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGD First Trust Dow Jones Global Select Dividend Index Fund | 5.03% | 5.62% | 5.87% | 6.44% | 5.74% | 5.35% | 6.17% | 5.19% | 5.88% | 4.01% | 4.36% | 5.07% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
ISCMF and FGD have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISCMF has higher volatility (9.30%) compared to FGD (2.34%). In terms of maximum drawdown, ISCMF dropped -25.42% vs FGD's -68.05%.
On 3-year performance, FGD leads with 22.63% vs 10.24% for ISCMF. On fees, ISCMF is cheaper at 0.19% per year. On volatility, FGD has been the lower-risk option at 2.34%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FGD has performed better with a 22.63% return vs 10.24%. 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 0.59% for FGD.
FGD has the higher dividend yield at 5.03%, compared with 0.00% for ISCMF.
ISCMF is categorized as Commodities, while FGD is Global Equities. ISCMF tracks Bloomberg Commodity Index, while FGD tracks Dow Jones Global Select Dividend Index. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.19% for ISCMF and 0.59% for FGD.
FGD currently has the higher Sharpe Ratio (2.56 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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