LDEM vs. ISCMF
LDEM (iShares ESG MSCI EM Leaders ETF) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - LDEM is a Emerging Markets Equities fund tracking the MSCI EM Extended ESG Leaders 5% Issuer Capped Index, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. Both are passively managed. Over the past 3 years, LDEM returned 13.82%/yr vs 16.78%/yr for ISCMF. At a correlation of -0.03, they often move in opposite directions. LDEM charges 0.16%/yr vs 0.19%/yr for ISCMF.
Performance
LDEM vs. ISCMF - Performance Comparison
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Returns By Period
In the year-to-date period, LDEM achieves a 3.61% return, which is significantly lower than ISCMF's 22.87% return.
LDEM
- 1D
- -0.86%
- 1M
- -1.29%
- YTD
- 3.61%
- 6M
- 3.12%
- 1Y
- 15.34%
- 3Y*
- 13.82%
- 5Y*
- 1.25%
- 10Y*
- —
ISCMF
- 1D
- 0.00%
- 1M
- -4.99%
- YTD
- 22.87%
- 6M
- 22.87%
- 1Y
- 31.30%
- 3Y*
- 16.78%
- 5Y*
- —
- 10Y*
- —
LDEM vs. ISCMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LDEM iShares ESG MSCI EM Leaders ETF | 3.61% | 32.49% | 5.87% | 6.49% | -15.02% |
ISCMF iShares Diversified Commodity Swap UCITS ETF | 22.87% | 19.65% | 3.13% | -9.58% | -5.82% |
Correlation
The correlation between LDEM and ISCMF is -0.14, 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 | -0.14 |
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 | -0.03 |
The correlation between LDEM and ISCMF shifts across timeframes, from -0.14 (1 year) to -0.03 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
LDEM vs. ISCMF — Risk / Return Rank
LDEM
ISCMF
LDEM vs. ISCMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG MSCI EM Leaders ETF (LDEM) 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.
| LDEM | ISCMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 2.31 | -1.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 5.53 | -4.36 |
| Martin ratioReturn relative to average drawdown | 3.64 | 11.76 | -8.12 |
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Drawdowns
LDEM vs. ISCMF - Drawdown Comparison
The maximum LDEM drawdown since its inception was -40.82%, which is greater than ISCMF's maximum drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for LDEM and ISCMF.
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Drawdown Indicators
| LDEM | ISCMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.82% | -25.42% | -15.40% |
Max Drawdown (1Y)Largest decline over 1 year | -13.21% | -5.69% | -7.52% |
Max Drawdown (3Y)Largest decline over 3 years | -15.12% | -7.62% | -7.50% |
Max Drawdown (5Y)Largest decline over 5 years | -39.17% | — | — |
Current DrawdownCurrent decline from peak | -6.90% | -5.26% | -1.64% |
Average DrawdownAverage peak-to-trough decline | -17.25% | -13.34% | -3.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.22% | 2.67% | +1.55% |
Volatility
LDEM vs. ISCMF - Volatility Comparison
iShares ESG MSCI EM Leaders ETF (LDEM) has a higher volatility of 9.25% compared to iShares Diversified Commodity Swap UCITS ETF (ISCMF) at 5.11%. This indicates that LDEM'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
| LDEM | ISCMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.25% | 5.11% | +4.14% |
Volatility (6M)Calculated over the trailing 6-month period | 16.17% | 15.45% | +0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.58% | 17.84% | +0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.42% | 14.28% | +5.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.91% | 14.28% | +6.63% |
LDEM vs. ISCMF - Expense Ratio Comparison
LDEM has a 0.16% expense ratio, which is lower than ISCMF's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
LDEM vs. ISCMF - Dividend Comparison
LDEM's dividend yield for the trailing twelve months is around 2.96%, while ISCMF has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
ISCMF iShares Diversified Commodity Swap UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LDEM iShares ESG MSCI EM Leaders ETF | 2.96% | 3.26% | 2.64% | 3.20% | 4.93% | 1.82% | 1.89% |
Frequently Asked Questions
LDEM and ISCMF have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LDEM has higher volatility (9.25%) compared to ISCMF (5.11%). In terms of maximum drawdown, LDEM dropped -40.82% vs ISCMF's -25.42%.
On 3-year performance, ISCMF leads with 16.78% vs 13.82% for LDEM. On fees, LDEM is cheaper at 0.16% 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 3-year period, ISCMF has performed better with a 16.78% return vs 13.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LDEM is cheaper with a 0.16% expense ratio, compared with 0.19% for ISCMF.
LDEM has the higher dividend yield at 2.96%, compared with 0.00% for ISCMF.
LDEM is categorized as Emerging Markets Equities, while ISCMF is Commodities. LDEM tracks MSCI EM Extended ESG Leaders 5% Issuer Capped Index, while ISCMF tracks Bloomberg Commodity Index. Their fees differ too: 0.16% for LDEM and 0.19% for ISCMF.
ISCMF currently has the higher Sharpe Ratio (1.76 vs 0.83), 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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