KBAB vs. ISCMF
KBAB (KraneShares 2x Long BABA Daily ETF) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - KBAB is a Leveraged Equities fund actively managed by KraneShares, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. KBAB is actively managed, while ISCMF is passively managed. Over the past year, KBAB returned -33.72% vs 31.30% for ISCMF. At a correlation of -0.06, they often move in opposite directions. KBAB charges 1.00%/yr vs 0.19%/yr for ISCMF.
Performance
KBAB vs. ISCMF - Performance Comparison
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Returns By Period
In the year-to-date period, KBAB achieves a -54.33% return, which is significantly lower than ISCMF's 22.87% return.
KBAB
- 1D
- -4.58%
- 1M
- -34.77%
- YTD
- -54.33%
- 6M
- -57.11%
- 1Y
- -33.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ISCMF
- 1D
- 0.00%
- 1M
- -4.99%
- YTD
- 22.87%
- 6M
- 22.87%
- 1Y
- 31.30%
- 3Y*
- 16.78%
- 5Y*
- —
- 10Y*
- —
KBAB vs. ISCMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KBAB KraneShares 2x Long BABA Daily ETF | -54.33% | -6.56% |
ISCMF iShares Diversified Commodity Swap UCITS ETF | 22.87% | 10.30% |
Correlation
The correlation between KBAB and ISCMF is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2025 | -0.06 |
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Return for Risk
KBAB vs. ISCMF — Risk / Return Rank
KBAB
ISCMF
KBAB vs. ISCMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares 2x Long BABA Daily ETF (KBAB) 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.
| KBAB | ISCMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.15 | ||
| Sortino ratioReturn per unit of downside risk | -3.25 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 2.31 | -1.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | 5.53 | -5.98 |
| Martin ratioReturn relative to average drawdown | -0.86 | 11.95 | -12.80 |
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Drawdowns
KBAB vs. ISCMF - Drawdown Comparison
The maximum KBAB drawdown since its inception was -74.28%, which is greater than ISCMF's maximum drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for KBAB and ISCMF.
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Drawdown Indicators
| KBAB | ISCMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.28% | -25.42% | -48.86% |
Max Drawdown (1Y)Largest decline over 1 year | -74.28% | -5.69% | -68.59% |
Max Drawdown (3Y)Largest decline over 3 years | — | -7.62% | — |
Current DrawdownCurrent decline from peak | -74.28% | -5.26% | -69.02% |
Average DrawdownAverage peak-to-trough decline | -38.47% | -13.36% | -25.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.39% | 2.63% | +36.76% |
Volatility
KBAB vs. ISCMF - Volatility Comparison
KraneShares 2x Long BABA Daily ETF (KBAB) has a higher volatility of 15.89% compared to iShares Diversified Commodity Swap UCITS ETF (ISCMF) at 5.11%. This indicates that KBAB's price experiences larger fluctuations and is considered to be riskier 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
| KBAB | ISCMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.89% | 5.11% | +10.78% |
Volatility (6M)Calculated over the trailing 6-month period | 58.17% | 15.45% | +42.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.97% | 17.87% | +70.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.02% | 14.29% | +75.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.02% | 14.29% | +75.73% |
KBAB vs. ISCMF - Expense Ratio Comparison
KBAB has a 1.00% expense ratio, which is higher than ISCMF's 0.19% expense ratio.
Dividends
KBAB vs. ISCMF - Dividend Comparison
KBAB's dividend yield for the trailing twelve months is around 131.13%, while ISCMF has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
ISCMF iShares Diversified Commodity Swap UCITS ETF | 0.00% | 0.00% |
KBAB KraneShares 2x Long BABA Daily ETF | 131.13% | 59.88% |
Frequently Asked Questions
KBAB and ISCMF have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KBAB has higher volatility (15.89%) compared to ISCMF (5.11%). In terms of maximum drawdown, KBAB dropped -74.28% vs ISCMF's -25.42%.
On 1-year performance, ISCMF leads with 31.30% vs -33.72% for KBAB. On fees, ISCMF is cheaper at 0.19% per year. On volatility, ISCMF has been the lower-risk option at 5.11%. 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 31.30% return vs -33.72%. 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 1.00% for KBAB.
KBAB has the higher dividend yield at 131.13%, compared with 0.00% for ISCMF.
KBAB is categorized as Leveraged Equities, while ISCMF is Commodities. They also come from different issuers: KraneShares and iShares. Their fees differ too: 1.00% for KBAB and 0.19% for ISCMF.
ISCMF currently has the higher Sharpe Ratio (1.76 vs -0.39), 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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