ISCMF vs. FLSW
ISCMF (iShares Diversified Commodity Swap UCITS ETF) and FLSW (Franklin FTSE Switzerland ETF) are both exchange-traded funds - ISCMF is a Commodities fund tracking the Bloomberg Commodity Index, while FLSW is a Europe Equities fund tracking the FTSE Switzerland RIC Capped Index. Both are passively managed. Over the past 3 years, ISCMF returned 10.24%/yr vs 13.06%/yr for FLSW. Their -0.06 correlation means they have often moved in opposite directions in the past. ISCMF charges 0.19%/yr vs 0.09%/yr for FLSW.
Performance
ISCMF vs. FLSW - Performance Comparison
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Returns By Period
In the year-to-date period, ISCMF achieves a 11.96% return, which is significantly higher than FLSW's 8.08% 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%
FLSW
- 1D
- -0.67%
- 1M
- -0.67%
- 6M
- 5.20%
- YTD
- 8.08%
- 1Y
- 23.21%
- 3Y*
- 13.06%
- 5Y*
- 7.24%
- 10Y*
- —
- ALL TIME*
- 9.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $259.74K | $232.62K | $274.84K | |
| $0.00 | $9.78K | $53.76K |
ISCMF vs. FLSW - 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% |
FLSW Franklin FTSE Switzerland ETF | 8.08% | 32.92% | -1.77% | 16.79% | -8.57% |
Correlation
The correlation between ISCMF and FLSW 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. | -0.05 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | -0.06 |
The correlation between ISCMF and FLSW shifts across timeframes, from -0.15 (1 year) to -0.05 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
ISCMF vs. FLSW — Risk / Return Rank
ISCMF
FLSW
ISCMF vs. FLSW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (ISCMF) and Franklin FTSE Switzerland ETF (FLSW). 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 | FLSW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.81 | 1.25 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 1.69 | -0.10 |
| Martin ratioReturn relative to average drawdown | 4.79 | 5.48 | -0.69 |
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Drawdowns
ISCMF vs. FLSW - Drawdown Comparison
The maximum ISCMF drawdown since its inception was -25.42%, smaller than the maximum FLSW drawdown of -28.16%. Use the drawdown chart below to compare losses from any high point for ISCMF and FLSW.
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Drawdown Indicators
| ISCMF | FLSW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.42% | -28.16% | +2.74% |
Max Drawdown (1Y)Largest decline over 1 year | -13.68% | -13.38% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -13.68% | -13.38% | -0.30% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.16% | — |
Current DrawdownCurrent decline from peak | -13.68% | -0.67% | -13.01% |
Average DrawdownAverage peak-to-trough decline | -13.31% | -5.90% | -7.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.53% | 4.11% | +0.42% |
Volatility
ISCMF vs. FLSW - Volatility Comparison
iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a higher volatility of 9.30% compared to Franklin FTSE Switzerland ETF (FLSW) at 4.48%. This indicates that ISCMF's price experiences larger fluctuations and is considered to be riskier than FLSW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISCMF | FLSW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.30% | 4.48% | +4.82% |
Volatility (6M)Calculated over the trailing 6-month period | 17.32% | 12.65% | +4.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.57% | 15.66% | +3.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.74% | 15.85% | -1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.74% | 16.86% | -2.12% |
ISCMF vs. FLSW - Expense Ratio Comparison
ISCMF has a 0.19% expense ratio, which is higher than FLSW's 0.09% 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. FLSW - Dividend Comparison
ISCMF has not paid dividends to shareholders, while FLSW's dividend yield for the trailing twelve months is around 2.26%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FLSW Franklin FTSE Switzerland ETF | 2.26% | 2.12% | 2.04% | 2.36% | 2.02% | 1.86% | 2.28% | 1.15% | 2.86% |
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% |
Frequently Asked Questions
ISCMF and FLSW 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 FLSW (4.48%). In terms of maximum drawdown, ISCMF dropped -25.42% vs FLSW's -28.16%.
On 3-year performance, FLSW leads with 13.06% vs 10.24% for ISCMF. On fees, FLSW is cheaper at 0.09% per year. On volatility, FLSW has been the lower-risk option at 4.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FLSW has performed better with a 13.06% return vs 10.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLSW is cheaper with a 0.09% expense ratio, compared with 0.19% for ISCMF.
FLSW has the higher dividend yield at 2.26%, compared with 0.00% for ISCMF.
ISCMF is categorized as Commodities, while FLSW is Europe Equities. ISCMF tracks Bloomberg Commodity Index, while FLSW tracks FTSE Switzerland RIC Capped Index. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.19% for ISCMF and 0.09% for FLSW.
FLSW currently has the higher Sharpe Ratio (1.45 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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