MINV vs. ISCMF

Last updated Jun 24, 2026

MINV (Matthews Asia Innovators Active ETF) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - MINV is a Asia Pacific Equities fund actively managed by Matthews, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. MINV is actively managed, while ISCMF is passively managed. Over the past 3 years, MINV returned 33.92%/yr vs 16.78%/yr for ISCMF. At a correlation of -0.04, they often move in opposite directions. MINV charges 0.79%/yr vs 0.19%/yr for ISCMF.

Performance

MINV vs. ISCMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matthews Asia Innovators Active ETF (MINV) and iShares Diversified Commodity Swap UCITS ETF (ISCMF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MINV achieves a 55.42% return, which is significantly higher than ISCMF's 22.87% return.

MINV

• 1D: -7.65%
• 1M: 4.13%
• YTD: 55.42%
• 6M: 56.47%
• 1Y: 84.63%
• 3Y*: 33.92%
• 5Y*: —
• 10Y*: —

ISCMF

• 1D: 0.00%
• 1M: -4.99%
• YTD: 22.87%
• 6M: 22.87%
• 1Y: 31.30%
• 3Y*: 16.78%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MINV vs. ISCMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MINV Matthews Asia Innovators Active ETF	55.42%	30.85%	17.32%	-2.66%	-2.87%
ISCMF iShares Diversified Commodity Swap UCITS ETF	22.87%	19.65%	3.13%	-9.58%	1.11%

Correlation

The correlation between MINV 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 (3Y) Calculated over the trailing 3-year period	-0.04
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022	-0.04

Return for Risk

MINV vs. ISCMF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MINV

MINV Risk / Return Rank: 90
MINV Sharpe Ratio Rank: 91
MINV Sortino Ratio Rank: 84
MINV Omega Ratio Rank: 88
MINV Calmar Ratio Rank: 96
MINV Martin Ratio Rank: 91

ISCMF

ISCMF Risk / Return Rank: 78
ISCMF Sharpe Ratio Rank: 56
ISCMF Sortino Ratio Rank: 77
ISCMF Omega Ratio Rank: 98
ISCMF Calmar Ratio Rank: 92
ISCMF Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MINV vs. ISCMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matthews Asia Innovators Active ETF (MINV) 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.

	MINV	ISCMF	Difference
Sharpe ratio: Return per unit of total volatility	2.93	1.76	+1.17
Sortino ratio: Return per unit of downside risk	3.44	3.18	+0.26
Omega ratio: Gain probability vs. loss probability	1.51	2.31	-0.80
Calmar ratio: Return relative to maximum drawdown	7.80	5.53	+2.27
Martin ratio: Return relative to average drawdown	19.55	11.85	+7.70

MINV vs. ISCMF - Sharpe Ratio Comparison

The current MINV Sharpe Ratio is 2.93, which is higher than the ISCMF Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of MINV and ISCMF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MINV vs. ISCMF - Drawdown Comparison

The maximum MINV drawdown since its inception was -23.49%, smaller than the maximum ISCMF drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for MINV and ISCMF.

Drawdown Indicators

	MINV	ISCMF	Difference
Max Drawdown Largest peak-to-trough decline	-23.49%	-25.42%	+1.93%
Max Drawdown (1Y) Largest decline over 1 year	-10.91%	-5.69%	-5.22%
Max Drawdown (3Y) Largest decline over 3 years	-19.82%	-7.62%	-12.20%
Current Drawdown Current decline from peak	-7.65%	-5.26%	-2.39%
Average Drawdown Average peak-to-trough decline	-8.03%	-13.35%	+5.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.34%	2.65%	+1.69%

Volatility

MINV vs. ISCMF - Volatility Comparison

Matthews Asia Innovators Active ETF (MINV) has a higher volatility of 16.99% compared to iShares Diversified Commodity Swap UCITS ETF (ISCMF) at 5.11%. This indicates that MINV'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.

Volatility by Period

	MINV	ISCMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.99%	5.11%	+11.88%
Volatility (6M) Calculated over the trailing 6-month period	25.92%	15.45%	+10.47%
Volatility (1Y) Calculated over the trailing 1-year period	29.06%	17.84%	+11.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.78%	14.29%	+10.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.78%	14.29%	+10.49%

MINV vs. ISCMF - Expense Ratio Comparison

MINV has a 0.79% expense ratio, which is higher than ISCMF's 0.19% expense ratio.

Dividends

MINV vs. ISCMF - Dividend Comparison

MINV's dividend yield for the trailing twelve months is around 0.97%, while ISCMF has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
ISCMF iShares Diversified Commodity Swap UCITS ETF	0.00%	0.00%	0.00%	0.00%
MINV Matthews Asia Innovators Active ETF	0.97%	1.51%	0.25%	1.00%

Frequently Asked Questions

Can I hold both MINV and ISCMF in my portfolio?

MINV 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.

Which is riskier, MINV or ISCMF?

MINV has higher volatility (16.99%) compared to ISCMF (5.11%). In terms of maximum drawdown, MINV dropped -23.49% vs ISCMF's -25.42%.

Which ETF is better, MINV or ISCMF?

On 3-year performance, MINV leads with 33.92% vs 16.78% for ISCMF. 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.

Which ETF has performed better, MINV or ISCMF?

Over the 3-year period, MINV has performed better with a 33.92% return vs 16.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MINV or ISCMF?

ISCMF is cheaper with a 0.19% expense ratio, compared with 0.79% for MINV.

Which ETF pays a higher dividend yield, MINV or ISCMF?

MINV has the higher dividend yield at 0.97%, compared with 0.00% for ISCMF.

What is the main difference between MINV and ISCMF?

MINV is categorized as Asia Pacific Equities, while ISCMF is Commodities. They also come from different issuers: Matthews and iShares. Their fees differ too: 0.79% for MINV and 0.19% for ISCMF.

Which has better risk-adjusted returns?

MINV currently has the higher Sharpe Ratio (2.93 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.