JXI vs. ISCMF
JXI (iShares Global Utilities ETF) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - JXI is a Utilities Equities fund tracking the S&P Global Utilities Index, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. Both are passively managed. Over the past 3 years, JXI returned 15.69%/yr vs 16.78%/yr for ISCMF. At a correlation of -0.04, they often move in opposite directions. JXI charges 0.46%/yr vs 0.19%/yr for ISCMF.
Performance
JXI vs. ISCMF - Performance Comparison
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Returns By Period
In the year-to-date period, JXI achieves a 7.74% return, which is significantly lower than ISCMF's 22.87% return.
JXI
- 1D
- 0.44%
- 1M
- -1.14%
- YTD
- 7.74%
- 6M
- 8.86%
- 1Y
- 18.92%
- 3Y*
- 15.69%
- 5Y*
- 10.25%
- 10Y*
- 9.45%
ISCMF
- 1D
- 0.00%
- 1M
- -4.99%
- YTD
- 22.87%
- 6M
- 22.87%
- 1Y
- 31.30%
- 3Y*
- 16.78%
- 5Y*
- —
- 10Y*
- —
JXI vs. ISCMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JXI iShares Global Utilities ETF | 7.74% | 25.91% | 13.14% | 0.63% | -1.25% |
ISCMF iShares Diversified Commodity Swap UCITS ETF | 22.87% | 19.65% | 3.13% | -9.58% | -5.82% |
Correlation
The correlation between JXI and ISCMF is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | -0.04 |
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Return for Risk
JXI vs. ISCMF — Risk / Return Rank
JXI
ISCMF
JXI vs. ISCMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Utilities ETF (JXI) and iShares Diversified Commodity Swap UCITS ETF (ISCMF). 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.
| JXI | ISCMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 2.31 | -1.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 5.53 | -3.18 |
| Martin ratioReturn relative to average drawdown | 6.80 | 11.95 | -5.14 |
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Drawdowns
JXI vs. ISCMF - Drawdown Comparison
The maximum JXI drawdown since its inception was -50.23%, which is greater than ISCMF's maximum drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for JXI and ISCMF.
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Drawdown Indicators
| JXI | ISCMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.23% | -25.42% | -24.81% |
Max Drawdown (1Y)Largest decline over 1 year | -8.09% | -5.69% | -2.40% |
Max Drawdown (3Y)Largest decline over 3 years | -16.29% | -7.62% | -8.67% |
Max Drawdown (5Y)Largest decline over 5 years | -22.45% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.20% | — | — |
Current DrawdownCurrent decline from peak | -5.21% | -5.26% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -12.80% | -13.36% | +0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 2.63% | +0.16% |
Volatility
JXI vs. ISCMF - Volatility Comparison
The current volatility for iShares Global Utilities ETF (JXI) is 4.33%, while iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a volatility of 5.11%. This indicates that JXI experiences smaller price fluctuations and is considered to be less risky than ISCMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JXI | ISCMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 5.11% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 10.61% | 15.45% | -4.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.01% | 17.87% | -4.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.39% | 14.29% | +1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.02% | 14.29% | +2.73% |
JXI vs. ISCMF - Expense Ratio Comparison
JXI has a 0.46% expense ratio, which is higher than ISCMF's 0.19% expense ratio.
Dividends
JXI vs. ISCMF - Dividend Comparison
JXI's dividend yield for the trailing twelve months is around 2.45%, while ISCMF has not paid dividends to shareholders.
| 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% |
JXI iShares Global Utilities ETF | 2.45% | 2.56% | 3.02% | 3.58% | 3.13% | 2.78% | 2.65% | 3.43% | 3.16% | 3.62% | 4.77% | 3.78% |
Frequently Asked Questions
JXI and ISCMF have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISCMF has higher volatility (5.11%) compared to JXI (4.33%). In terms of maximum drawdown, JXI dropped -50.23% vs ISCMF's -25.42%.
On 3-year performance, ISCMF leads with 16.78% vs 15.69% for JXI. On fees, ISCMF is cheaper at 0.19% per year. On volatility, JXI has been the lower-risk option at 4.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ISCMF has performed better with a 16.78% return vs 15.69%. 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 0.46% for JXI.
JXI has the higher dividend yield at 2.45%, compared with 0.00% for ISCMF.
JXI is categorized as Utilities Equities, while ISCMF is Commodities. JXI tracks S&P Global Utilities Index, while ISCMF tracks Bloomberg Commodity Index. Their fees differ too: 0.46% for JXI and 0.19% for ISCMF.
ISCMF currently has the higher Sharpe Ratio (1.76 vs 1.46), 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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