ISCMF vs. PDBC
Compare and contrast key facts about iShares Diversified Commodity Swap UCITS ETF (ISCMF) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC).
ISCMF and PDBC 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. PDBC is an actively managed fund by Invesco. It was launched on Nov 7, 2014.
Performance
ISCMF vs. PDBC - Performance Comparison
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ISCMF vs. PDBC - 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% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 30.72% | 5.96% | 2.09% | -6.25% | -3.15% |
Returns By Period
In the year-to-date period, ISCMF achieves a 17.84% return, which is significantly lower than PDBC's 30.72% return.
ISCMF
- 1D
- 0.00%
- 1M
- 7.22%
- YTD
- 17.84%
- 6M
- 26.76%
- 1Y
- 29.86%
- 3Y*
- 12.27%
- 5Y*
- —
- 10Y*
- —
PDBC
- 1D
- -1.03%
- 1M
- 16.09%
- YTD
- 30.72%
- 6M
- 33.97%
- 1Y
- 32.00%
- 3Y*
- 11.28%
- 5Y*
- 14.29%
- 10Y*
- 9.86%
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ISCMF vs. PDBC - Expense Ratio Comparison
ISCMF has a 0.19% expense ratio, which is lower than PDBC's 0.58% expense ratio.
Return for Risk
ISCMF vs. PDBC — Risk / Return Rank
ISCMF
PDBC
ISCMF vs. PDBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (ISCMF) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC). 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 | PDBC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.79 | 1.72 | +0.07 |
Sortino ratioReturn per unit of downside risk | 3.44 | 2.31 | +1.13 |
Omega ratioGain probability vs. loss probability | 2.36 | 1.31 | +1.05 |
Calmar ratioReturn relative to maximum drawdown | 5.25 | 3.04 | +2.21 |
Martin ratioReturn relative to average drawdown | 12.38 | 7.48 | +4.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ISCMF | PDBC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 1.72 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.76 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.22 | +0.19 |
Correlation
The correlation between ISCMF and PDBC is 0.09, 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. PDBC - Dividend Comparison
ISCMF has not paid dividends to shareholders, while PDBC's dividend yield for the trailing twelve months is around 2.94%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 2.94% | 3.84% | 4.42% | 4.21% | 13.05% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.51% |
Drawdowns
ISCMF vs. PDBC - Drawdown Comparison
The maximum ISCMF drawdown since its inception was -25.42%, smaller than the maximum PDBC drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for ISCMF and PDBC.
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Drawdown Indicators
| ISCMF | PDBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.42% | -49.52% | +24.10% |
Max Drawdown (1Y)Largest decline over 1 year | -5.69% | -11.07% | +5.38% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.73% | — |
Current DrawdownCurrent decline from peak | -2.55% | -1.03% | -1.52% |
Average DrawdownAverage peak-to-trough decline | -13.98% | -23.53% | +9.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 4.50% | -2.09% |
Volatility
ISCMF vs. PDBC - Volatility Comparison
iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a higher volatility of 9.72% compared to Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) at 8.15%. This indicates that ISCMF's price experiences larger fluctuations and is considered to be riskier than PDBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISCMF | PDBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.72% | 8.15% | +1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 13.85% | 13.88% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.72% | 18.72% | -2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.05% | 18.92% | -4.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.05% | 17.69% | -3.64% |