KBUF vs. ISCMF
KBUF (KraneShares 90% KWEB Defined Outcome January 2026 ETF) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - KBUF is a Options Trading fund actively managed by KraneShares, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. KBUF is actively managed, while ISCMF is passively managed. Over the past year, KBUF returned -7.35% vs 31.30% for ISCMF. At a correlation of -0.05, they often move in opposite directions. KBUF charges 0.95%/yr vs 0.19%/yr for ISCMF.
Performance
KBUF vs. ISCMF - Performance Comparison
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Returns By Period
In the year-to-date period, KBUF achieves a -14.97% return, which is significantly lower than ISCMF's 22.87% return.
KBUF
- 1D
- -0.78%
- 1M
- -4.12%
- YTD
- -14.97%
- 6M
- -15.54%
- 1Y
- -7.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ISCMF
- 1D
- 0.00%
- 1M
- -4.99%
- YTD
- 22.87%
- 6M
- 22.87%
- 1Y
- 31.30%
- 3Y*
- 16.78%
- 5Y*
- —
- 10Y*
- —
KBUF vs. ISCMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KBUF KraneShares 90% KWEB Defined Outcome January 2026 ETF | -14.97% | 18.04% | 15.85% |
ISCMF iShares Diversified Commodity Swap UCITS ETF | 22.87% | 19.65% | 3.83% |
Correlation
The correlation between KBUF and ISCMF is -0.13, 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 | -0.13 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2024 | -0.05 |
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Return for Risk
KBUF vs. ISCMF — Risk / Return Rank
KBUF
ISCMF
KBUF vs. ISCMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares 90% KWEB Defined Outcome January 2026 ETF (KBUF) 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.
| KBUF | ISCMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.32 | ||
| Sortino ratioReturn per unit of downside risk | -3.90 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 2.31 | -1.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 5.53 | -5.90 |
| Martin ratioReturn relative to average drawdown | -0.87 | 11.95 | -12.81 |
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Drawdowns
KBUF vs. ISCMF - Drawdown Comparison
The maximum KBUF drawdown since its inception was -19.99%, smaller than the maximum ISCMF drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for KBUF and ISCMF.
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Drawdown Indicators
| KBUF | ISCMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.99% | -25.42% | +5.43% |
Max Drawdown (1Y)Largest decline over 1 year | -19.99% | -5.69% | -14.30% |
Max Drawdown (3Y)Largest decline over 3 years | — | -7.62% | — |
Current DrawdownCurrent decline from peak | -19.99% | -5.26% | -14.73% |
Average DrawdownAverage peak-to-trough decline | -4.44% | -13.36% | +8.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.49% | 2.63% | +5.86% |
Volatility
KBUF vs. ISCMF - Volatility Comparison
The current volatility for KraneShares 90% KWEB Defined Outcome January 2026 ETF (KBUF) is 4.18%, while iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a volatility of 5.11%. This indicates that KBUF 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
| KBUF | ISCMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 5.11% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 10.69% | 15.45% | -4.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.16% | 17.87% | -4.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.29% | 14.29% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.29% | 14.29% | 0.00% |
KBUF vs. ISCMF - Expense Ratio Comparison
KBUF has a 0.95% expense ratio, which is higher than ISCMF's 0.19% expense ratio.
Dividends
KBUF vs. ISCMF - Dividend Comparison
KBUF's dividend yield for the trailing twelve months is around 8.83%, while ISCMF has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ISCMF iShares Diversified Commodity Swap UCITS ETF | 0.00% | 0.00% | 0.00% |
KBUF KraneShares 90% KWEB Defined Outcome January 2026 ETF | 8.83% | 7.51% | 3.53% |
Frequently Asked Questions
KBUF and ISCMF have a correlation of -0.13, 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 KBUF (4.18%). In terms of maximum drawdown, KBUF dropped -19.99% vs ISCMF's -25.42%.
On 1-year performance, ISCMF leads with 31.30% vs -7.35% for KBUF. On fees, ISCMF is cheaper at 0.19% per year. On volatility, KBUF has been the lower-risk option at 4.18%. 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 -7.35%. 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 0.95% for KBUF.
KBUF has the higher dividend yield at 8.83%, compared with 0.00% for ISCMF.
KBUF is categorized as Options Trading, while ISCMF is Commodities. They also come from different issuers: KraneShares and iShares. Their fees differ too: 0.95% for KBUF and 0.19% for ISCMF.
ISCMF currently has the higher Sharpe Ratio (1.76 vs -0.56), 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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