LSAF vs. ISCMF
LSAF (LeaderShares AlphaFactor US Core Equity ETF) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - LSAF is a Mid Cap Blend Equities fund tracking the AlphaFactor US Core Equity Index, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. Both are passively managed. Over the past 3 years, LSAF returned 19.66%/yr vs 16.78%/yr for ISCMF. At a correlation of -0.04, they often move in opposite directions. LSAF charges 0.75%/yr vs 0.19%/yr for ISCMF.
Performance
LSAF vs. ISCMF - Performance Comparison
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Returns By Period
In the year-to-date period, LSAF achieves a 13.78% return, which is significantly lower than ISCMF's 22.87% return.
LSAF
- 1D
- -0.21%
- 1M
- 3.98%
- YTD
- 13.78%
- 6M
- 11.61%
- 1Y
- 25.54%
- 3Y*
- 19.66%
- 5Y*
- 10.56%
- 10Y*
- —
ISCMF
- 1D
- 0.00%
- 1M
- -4.99%
- YTD
- 22.87%
- 6M
- 22.87%
- 1Y
- 31.30%
- 3Y*
- 16.78%
- 5Y*
- —
- 10Y*
- —
LSAF vs. ISCMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LSAF LeaderShares AlphaFactor US Core Equity ETF | 13.78% | 12.01% | 18.09% | 15.48% | -6.79% |
ISCMF iShares Diversified Commodity Swap UCITS ETF | 22.87% | 19.65% | 3.13% | -9.58% | -5.82% |
Correlation
The correlation between LSAF and ISCMF is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | -0.04 |
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Return for Risk
LSAF vs. ISCMF — Risk / Return Rank
LSAF
ISCMF
LSAF vs. ISCMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LeaderShares AlphaFactor US Core Equity ETF (LSAF) 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.
| LSAF | ISCMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 2.31 | -1.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.90 | 5.53 | -1.63 |
| Martin ratioReturn relative to average drawdown | 12.78 | 11.95 | +0.83 |
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Drawdowns
LSAF vs. ISCMF - Drawdown Comparison
The maximum LSAF drawdown since its inception was -41.67%, which is greater than ISCMF's maximum drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for LSAF and ISCMF.
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Drawdown Indicators
| LSAF | ISCMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.67% | -25.42% | -16.25% |
Max Drawdown (1Y)Largest decline over 1 year | -6.58% | -5.69% | -0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -20.26% | -7.62% | -12.64% |
Max Drawdown (5Y)Largest decline over 5 years | -24.94% | — | — |
Current DrawdownCurrent decline from peak | -1.25% | -5.26% | +4.01% |
Average DrawdownAverage peak-to-trough decline | -6.29% | -13.36% | +7.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 2.63% | -0.63% |
Volatility
LSAF vs. ISCMF - Volatility Comparison
The current volatility for LeaderShares AlphaFactor US Core Equity ETF (LSAF) is 3.54%, while iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a volatility of 5.11%. This indicates that LSAF 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
| LSAF | ISCMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 5.11% | -1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 10.43% | 15.45% | -5.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.39% | 17.87% | -3.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.43% | 14.29% | +4.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.84% | 14.29% | +7.55% |
LSAF vs. ISCMF - Expense Ratio Comparison
LSAF has a 0.75% expense ratio, which is higher than ISCMF's 0.19% expense ratio.
Dividends
LSAF vs. ISCMF - Dividend Comparison
LSAF's dividend yield for the trailing twelve months is around 0.60%, while ISCMF has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
LSAF LeaderShares AlphaFactor US Core Equity ETF | 0.60% | 0.69% | 0.42% | 0.84% | 0.96% | 0.37% | 0.53% | 0.71% | 0.20% |
Frequently Asked Questions
LSAF and ISCMF have a correlation of -0.06, 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 LSAF (3.54%). In terms of maximum drawdown, LSAF dropped -41.67% vs ISCMF's -25.42%.
On 3-year performance, LSAF leads with 19.66% vs 16.78% for ISCMF. On fees, ISCMF is cheaper at 0.19% per year. On volatility, LSAF has been the lower-risk option at 3.54%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, LSAF has performed better with a 19.66% return vs 16.78%. 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 0.75% for LSAF.
LSAF has the higher dividend yield at 0.60%, compared with 0.00% for ISCMF.
LSAF is categorized as Mid Cap Blend Equities, while ISCMF is Commodities. LSAF tracks AlphaFactor US Core Equity Index, while ISCMF tracks Bloomberg Commodity Index. They also come from different issuers: Redwood and iShares. Their fees differ too: 0.75% for LSAF and 0.19% for ISCMF.
LSAF currently has the higher Sharpe Ratio (1.79 vs 1.76), 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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