KPRO vs. ISCMF
KPRO (KraneShares 100% KWEB Defined Outcome January 2026 ETF) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - KPRO is a Options Trading fund actively managed by KraneShares, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. KPRO is actively managed, while ISCMF is passively managed. Over the past year, KPRO returned -4.43% vs 31.30% for ISCMF. At a correlation of -0.05, they often move in opposite directions. KPRO charges 0.95%/yr vs 0.19%/yr for ISCMF.
Performance
KPRO vs. ISCMF - Performance Comparison
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Returns By Period
In the year-to-date period, KPRO achieves a -6.19% return, which is significantly lower than ISCMF's 22.87% return.
KPRO
- 1D
- -0.11%
- 1M
- -1.22%
- YTD
- -6.19%
- 6M
- -11.82%
- 1Y
- -4.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ISCMF
- 1D
- 0.00%
- 1M
- -4.99%
- YTD
- 22.87%
- 6M
- 22.87%
- 1Y
- 31.30%
- 3Y*
- 16.78%
- 5Y*
- —
- 10Y*
- —
KPRO vs. ISCMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KPRO KraneShares 100% KWEB Defined Outcome January 2026 ETF | -6.19% | 7.79% | 11.98% |
ISCMF iShares Diversified Commodity Swap UCITS ETF | 22.87% | 19.65% | 3.83% |
Correlation
The correlation between KPRO and ISCMF is -0.11, 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 | -0.11 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2024 | -0.05 |
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Return for Risk
KPRO vs. ISCMF — Risk / Return Rank
KPRO
ISCMF
KPRO vs. ISCMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares 100% KWEB Defined Outcome January 2026 ETF (KPRO) 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.
| KPRO | ISCMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.27 | ||
| Sortino ratioReturn per unit of downside risk | -3.74 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 2.31 | -1.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 5.53 | -5.87 |
| Martin ratioReturn relative to average drawdown | -0.67 | 11.85 | -12.52 |
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Drawdowns
KPRO vs. ISCMF - Drawdown Comparison
The maximum KPRO drawdown since its inception was -12.91%, smaller than the maximum ISCMF drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for KPRO and ISCMF.
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Drawdown Indicators
| KPRO | ISCMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.91% | -25.42% | +12.51% |
Max Drawdown (1Y)Largest decline over 1 year | -12.91% | -5.69% | -7.22% |
Max Drawdown (3Y)Largest decline over 3 years | — | -7.62% | — |
Current DrawdownCurrent decline from peak | -12.91% | -5.26% | -7.65% |
Average DrawdownAverage peak-to-trough decline | -2.61% | -13.35% | +10.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.63% | 2.65% | +3.98% |
Volatility
KPRO vs. ISCMF - Volatility Comparison
The current volatility for KraneShares 100% KWEB Defined Outcome January 2026 ETF (KPRO) is 1.52%, while iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a volatility of 5.11%. This indicates that KPRO 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
| KPRO | ISCMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 5.11% | -3.59% |
Volatility (6M)Calculated over the trailing 6-month period | 7.82% | 15.45% | -7.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.86% | 17.84% | -8.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.77% | 14.29% | -6.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.77% | 14.29% | -6.52% |
KPRO vs. ISCMF - Expense Ratio Comparison
KPRO has a 0.95% expense ratio, which is higher than ISCMF's 0.19% expense ratio.
Dividends
KPRO vs. ISCMF - Dividend Comparison
KPRO's dividend yield for the trailing twelve months is around 2.83%, 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% |
KPRO KraneShares 100% KWEB Defined Outcome January 2026 ETF | 2.83% | 2.65% | 3.70% |
Frequently Asked Questions
KPRO and ISCMF have a correlation of -0.11, 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 KPRO (1.52%). In terms of maximum drawdown, KPRO dropped -12.91% vs ISCMF's -25.42%.
On 1-year performance, ISCMF leads with 31.30% vs -4.43% for KPRO. On fees, ISCMF is cheaper at 0.19% per year. On volatility, KPRO has been the lower-risk option at 1.52%. 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 -4.43%. 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 KPRO.
KPRO has the higher dividend yield at 2.83%, compared with 0.00% for ISCMF.
KPRO 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 KPRO and 0.19% for ISCMF.
ISCMF currently has the higher Sharpe Ratio (1.76 vs -0.50), 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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