ISCMF vs. GCC

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Diversified Commodity Swap UCITS ETF (ISCMF) and WisdomTree Enhanced Commodity Strategy Fund (GCC).

ISCMF and GCC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ISCMF is a passively managed fund by iShares that tracks the performance of the Bloomberg Commodity Index. It was launched on Mar 4, 2022. GCC is an actively managed fund by WisdomTree. It was launched on Jan 24, 2008.

Performance

ISCMF vs. GCC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Diversified Commodity Swap UCITS ETF (ISCMF) and WisdomTree Enhanced Commodity Strategy Fund (GCC). The values are adjusted to include any dividend payments, if applicable.

ISCMF vs. GCC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ISCMF iShares Diversified Commodity Swap UCITS ETF	17.84%	19.65%	3.13%	-9.58%	-5.08%
GCC WisdomTree Enhanced Commodity Strategy Fund	13.19%	20.01%	15.13%	-3.72%	-9.99%

Returns By Period

In the year-to-date period, ISCMF achieves a 17.84% return, which is significantly higher than GCC's 13.19% return.

ISCMF

• 1D: 0.00%
• 1M: 7.22%
• YTD: 17.84%
• 6M: 26.76%
• 1Y: 29.86%
• 3Y*: 12.27%
• 5Y*: —
• 10Y*: —

GCC

• 1D: 0.42%
• 1M: 2.70%
• YTD: 13.19%
• 6M: 19.55%
• 1Y: 30.43%
• 3Y*: 15.36%
• 5Y*: 12.83%
• 10Y*: 7.15%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ISCMF vs. GCC - Expense Ratio Comparison

ISCMF has a 0.19% expense ratio, which is lower than GCC's 0.55% expense ratio.

GCC

WisdomTree Enhanced Commodity Strategy Fund

ISCMF

iShares Diversified Commodity Swap UCITS ETF

Return for Risk

ISCMF vs. GCC — Risk / Return Rank

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

ISCMF

ISCMF Risk / Return Rank: 94
ISCMF Sharpe Ratio Rank: 86
ISCMF Sortino Ratio Rank: 96
ISCMF Omega Ratio Rank: 99
ISCMF Calmar Ratio Rank: 97
ISCMF Martin Ratio Rank: 91

GCC

GCC Risk / Return Rank: 85
GCC Sharpe Ratio Rank: 85
GCC Sortino Ratio Rank: 82
GCC Omega Ratio Rank: 83
GCC Calmar Ratio Rank: 90
GCC Martin Ratio Rank: 86

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. GCC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (ISCMF) and WisdomTree Enhanced Commodity Strategy Fund (GCC). 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	GCC	Difference
Sharpe ratio Return per unit of total volatility	1.79	1.72	+0.08
Sortino ratio Return per unit of downside risk	3.44	2.12	+1.32
Omega ratio Gain probability vs. loss probability	2.36	1.32	+1.04
Calmar ratio Return relative to maximum drawdown	5.25	2.98	+2.27
Martin ratio Return relative to average drawdown	12.38	10.06	+2.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ISCMF vs. GCC - Sharpe Ratio Comparison

The current ISCMF Sharpe Ratio is 1.79, which is comparable to the GCC Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of ISCMF and GCC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ISCMF	GCC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	1.72	+0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.76	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.07	+0.34

Correlation

The correlation between ISCMF and GCC is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ISCMF vs. GCC - Dividend Comparison

ISCMF has not paid dividends to shareholders, while GCC's dividend yield for the trailing twelve months is around 5.86%.

	TTM	2025	2024	2023	2022	2021
ISCMF iShares Diversified Commodity Swap UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GCC WisdomTree Enhanced Commodity Strategy Fund	5.86%	6.64%	3.51%	3.68%	22.49%	9.76%

Drawdowns

ISCMF vs. GCC - Drawdown Comparison

The maximum ISCMF drawdown since its inception was -25.42%, smaller than the maximum GCC drawdown of -63.19%. Use the drawdown chart below to compare losses from any high point for ISCMF and GCC.

Drawdown Indicators

	ISCMF	GCC	Difference
Max Drawdown Largest peak-to-trough decline	-25.42%	-63.19%	+37.77%
Max Drawdown (1Y) Largest decline over 1 year	-5.69%	-10.42%	+4.73%
Max Drawdown (5Y) Largest decline over 5 years	—	-27.07%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.93%	—
Current Drawdown Current decline from peak	-2.55%	-2.33%	-0.22%
Average Drawdown Average peak-to-trough decline	-13.98%	-35.23%	+21.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.41%	3.09%	-0.68%

Volatility

ISCMF vs. GCC - Volatility Comparison

iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a higher volatility of 9.72% compared to WisdomTree Enhanced Commodity Strategy Fund (GCC) at 5.30%. This indicates that ISCMF's price experiences larger fluctuations and is considered to be riskier than GCC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ISCMF	GCC	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.72%	5.30%	+4.42%
Volatility (6M) Calculated over the trailing 6-month period	13.85%	14.91%	-1.06%
Volatility (1Y) Calculated over the trailing 1-year period	16.72%	17.83%	-1.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.05%	16.98%	-2.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.05%	14.76%	-0.71%