ISCMF vs. IVV
ISCMF (iShares Diversified Commodity Swap UCITS ETF) and IVV (iShares Core S&P 500 ETF) are both exchange-traded funds - ISCMF is a Commodities fund tracking the Bloomberg Commodity Index, while IVV is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 3 years, ISCMF returned 10.24%/yr vs 20.85%/yr for IVV. Their -0.04 correlation means they have often moved in opposite directions in the past. ISCMF charges 0.19%/yr vs 0.03%/yr for IVV.
Performance
ISCMF vs. IVV - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with ISCMF having a 11.96% return and IVV slightly lower at 11.75%.
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%
IVV
- 1D
- 1.47%
- 1M
- 1.72%
- 6M
- 9.57%
- YTD
- 11.75%
- 1Y
- 23.34%
- 3Y*
- 20.85%
- 5Y*
- 13.13%
- 10Y*
- 15.14%
- ALL TIME*
- 8.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $8.28K | $54.64K | |
| $3.33B | $3.25B | $5.92B |
ISCMF vs. IVV - 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% |
IVV iShares Core S&P 500 ETF | 11.75% | 17.85% | 24.93% | 26.31% | -10.78% |
Correlation
The correlation between ISCMF and IVV is -0.03, 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. | -0.03 |
Correlation (3Y) Balances recent behavior with more history. | -0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | -0.04 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ISCMF vs. IVV — Risk / Return Rank
ISCMF
IVV
ISCMF vs. IVV - 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 S&P 500 ETF (IVV). 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 | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.81 | 1.33 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 2.64 | -1.05 |
| Martin ratioReturn relative to average drawdown | 4.71 | 11.23 | -6.52 |
Loading charts...
Drawdowns
ISCMF vs. IVV - Drawdown Comparison
The maximum ISCMF drawdown since its inception was -25.42%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for ISCMF and IVV.
Loading charts...
Drawdown Indicators
| ISCMF | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.42% | -55.25% | +29.83% |
Max Drawdown (1Y)Largest decline over 1 year | -13.68% | -8.89% | -4.79% |
Max Drawdown (3Y)Largest decline over 3 years | -13.68% | -18.75% | +5.07% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.53% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.90% | — |
Current DrawdownCurrent decline from peak | -13.68% | 0.00% | -13.68% |
Average DrawdownAverage peak-to-trough decline | -13.31% | -10.72% | -2.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.61% | 2.08% | +2.53% |
Volatility
ISCMF vs. IVV - Volatility Comparison
The current volatility for iShares Diversified Commodity Swap UCITS ETF (ISCMF) is 0.00%, while iShares Core S&P 500 ETF (IVV) has a volatility of 3.81%. This indicates that ISCMF experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ISCMF | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 3.81% | -3.81% |
Volatility (6M)Calculated over the trailing 6-month period | 17.04% | 10.27% | +6.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.61% | 12.87% | +6.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.74% | 17.03% | -2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.74% | 18.07% | -3.33% |
ISCMF vs. IVV - Expense Ratio Comparison
ISCMF has a 0.19% expense ratio, which is higher than IVV's 0.03% 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. IVV - Dividend Comparison
ISCMF has not paid dividends to shareholders, while IVV's dividend yield for the trailing twelve months is around 1.08%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IVV iShares Core S&P 500 ETF | 1.08% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Frequently Asked Questions
ISCMF and IVV have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVV has higher volatility (3.81%) compared to ISCMF (0.00%). In terms of maximum drawdown, ISCMF dropped -25.42% vs IVV's -55.25%.
On 3-year performance, IVV leads with 20.85% vs 10.24% for ISCMF. On fees, IVV is cheaper at 0.03% 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, IVV has performed better with a 20.85% return vs 10.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVV is cheaper with a 0.03% expense ratio, compared with 0.19% for ISCMF.
IVV has the higher dividend yield at 1.08%, compared with 0.00% for ISCMF.
ISCMF is categorized as Commodities, while IVV is S&P 500. ISCMF tracks Bloomberg Commodity Index, while IVV tracks S&P 500 Index. Their fees differ too: 0.19% for ISCMF and 0.03% for IVV.
IVV currently has the higher Sharpe Ratio (1.82 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.
Find the right allocation for ISCMF and IVV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer