ISCMF vs. IBIT
ISCMF (iShares Diversified Commodity Swap UCITS ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - ISCMF is a Commodities fund tracking the Bloomberg Commodity Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, ISCMF returned 21.66% vs -43.69% for IBIT. Their 0.01 correlation means their historical movements had little consistent relationship. ISCMF charges 0.19%/yr vs 0.25%/yr for IBIT.
Performance
ISCMF vs. IBIT - 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 IBIT's -27.17% 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%
IBIT
- 1D
- 1.46%
- 1M
- 3.70%
- 6M
- -18.23%
- YTD
- -27.17%
- 1Y
- -43.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.33B | $1.34B | $1.65B | |
| $0.00 | $8.28K | $54.64K |
ISCMF vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ISCMF iShares Diversified Commodity Swap UCITS ETF | 11.96% | 19.65% | 4.95% |
IBIT iShares Bitcoin Trust ETF | -27.17% | -6.41% | 89.87% |
Correlation
The correlation between ISCMF and IBIT is -0.08, 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. | -0.08 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.01 |
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Return for Risk
ISCMF vs. IBIT — Risk / Return Rank
ISCMF
IBIT
ISCMF vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (ISCMF) and iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.10 | ||
| Sortino ratioReturn per unit of downside risk | +3.21 | ||
| Omega ratioGain probability vs. loss probability | 1.81 | 0.84 | +0.97 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | -0.82 | +2.41 |
| Martin ratioReturn relative to average drawdown | 4.71 | -1.26 | +5.96 |
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Drawdowns
ISCMF vs. IBIT - Drawdown Comparison
The maximum ISCMF drawdown since its inception was -25.42%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for ISCMF and IBIT.
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Drawdown Indicators
| ISCMF | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.42% | -53.30% | +27.88% |
Max Drawdown (1Y)Largest decline over 1 year | -13.68% | -53.30% | +39.62% |
Max Drawdown (3Y)Largest decline over 3 years | -13.68% | — | — |
Current DrawdownCurrent decline from peak | -13.68% | -49.28% | +35.60% |
Average DrawdownAverage peak-to-trough decline | -13.31% | -18.29% | +4.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.61% | 34.80% | -30.19% |
Volatility
ISCMF vs. IBIT - Volatility Comparison
The current volatility for iShares Diversified Commodity Swap UCITS ETF (ISCMF) is 0.00%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 8.98%. This indicates that ISCMF experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISCMF | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 8.98% | -8.98% |
Volatility (6M)Calculated over the trailing 6-month period | 17.04% | 33.79% | -16.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.61% | 44.48% | -24.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.74% | 49.57% | -34.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.74% | 49.57% | -34.83% |
ISCMF vs. IBIT - Expense Ratio Comparison
ISCMF has a 0.19% expense ratio, which is lower than IBIT'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. IBIT - Dividend Comparison
Neither ISCMF nor IBIT has paid dividends to shareholders.
Frequently Asked Questions
ISCMF and IBIT have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (8.98%) compared to ISCMF (0.00%). In terms of maximum drawdown, ISCMF dropped -25.42% vs IBIT's -53.30%.
On 1-year performance, ISCMF leads with 21.66% vs -43.69% for IBIT. On fees, ISCMF is cheaper at 0.19% 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 1-year period, ISCMF has performed better with a 21.66% return vs -43.69%. 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 IBIT.
ISCMF and IBIT have nearly identical dividend yields, around 0.00%.
ISCMF is categorized as Commodities, while IBIT is Cryptocurrency. ISCMF tracks Bloomberg Commodity Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.19% for ISCMF and 0.25% for IBIT.
ISCMF currently has the higher Sharpe Ratio (1.11 vs -0.99), 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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