MVLL vs. ISCMF

Last updated Jun 4, 2026

MVLL (GraniteShares 2x Long MRVL Daily ETF) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - MVLL is a Leveraged Equities fund tracking the Marvell Technology Inc. (MRVL), while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. Both are passively managed. Over the past year, MVLL returned 1215.17% vs 37.85% for ISCMF. At a correlation of -0.11, they often move in opposite directions. MVLL charges 1.50%/yr vs 0.19%/yr for ISCMF.

Performance

MVLL vs. ISCMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long MRVL Daily ETF (MVLL) 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, MVLL achieves a 842.68% return, which is significantly higher than ISCMF's 22.87% return.

MVLL

• 1D: 7.14%
• 1M: 201.84%
• YTD: 842.68%
• 6M: 558.01%
• 1Y: 1,215.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ISCMF

• 1D: 0.00%
• 1M: -0.67%
• YTD: 22.87%
• 6M: 27.76%
• 1Y: 37.85%
• 3Y*: 15.20%
• 5Y*: —
• 10Y*: —

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

MVLL vs. ISCMF - Yearly Performance Comparison

	2026 (YTD)	2025
MVLL GraniteShares 2x Long MRVL Daily ETF	842.68%	-10.19%
ISCMF iShares Diversified Commodity Swap UCITS ETF	22.87%	10.30%

Correlation

The correlation between MVLL 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 Mar 10, 2025	-0.11

Return for Risk

MVLL vs. ISCMF — Risk / Return Rank

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

MVLL

MVLL Risk / Return Rank: 96
MVLL Sharpe Ratio Rank: 99
MVLL Sortino Ratio Rank: 94
MVLL Omega Ratio Rank: 92
MVLL Calmar Ratio Rank: 99
MVLL Martin Ratio Rank: 97

ISCMF

ISCMF Risk / Return Rank: 83
ISCMF Sharpe Ratio Rank: 61
ISCMF Sortino Ratio Rank: 83
ISCMF Omega Ratio Rank: 99
ISCMF Calmar Ratio Rank: 93
ISCMF Martin Ratio Rank: 80

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.

MVLL vs. ISCMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long MRVL Daily ETF (MVLL) 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.

	MVLL	ISCMF	Difference
Sharpe ratio: Return per unit of total volatility	9.23	2.05	+7.18
Sortino ratio: Return per unit of downside risk	4.79	3.74	+1.06
Omega ratio: Gain probability vs. loss probability	1.63	2.53	-0.90
Calmar ratio: Return relative to maximum drawdown	25.11	6.69	+18.43
Martin ratio: Return relative to average drawdown	52.27	15.68	+36.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MVLL vs. ISCMF - Sharpe Ratio Comparison

The current MVLL Sharpe Ratio is 9.23, which is higher than the ISCMF Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of MVLL 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.

Sharpe Ratios by Period

	MVLL	ISCMF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	9.23	2.05	+7.18
Sharpe Ratio (All Time) Calculated using the full available price history	3.33	0.45	+2.88

Drawdowns

MVLL vs. ISCMF - Drawdown Comparison

The maximum MVLL drawdown since its inception was -59.02%, which is greater than ISCMF's maximum drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for MVLL and ISCMF.

Drawdown Indicators

	MVLL	ISCMF	Difference
Max Drawdown Largest peak-to-trough decline	-59.02%	-25.42%	-33.60%
Max Drawdown (1Y) Largest decline over 1 year	-48.93%	-5.69%	-43.24%
Max Drawdown (3Y) Largest decline over 3 years	—	-7.62%	—
Current Drawdown Current decline from peak	0.00%	-5.26%	+5.26%
Average Drawdown Average peak-to-trough decline	-22.42%	-13.43%	-8.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.46%	2.42%	+21.04%

Volatility

MVLL vs. ISCMF - Volatility Comparison

GraniteShares 2x Long MRVL Daily ETF (MVLL) has a higher volatility of 60.78% compared to iShares Diversified Commodity Swap UCITS ETF (ISCMF) at 7.14%. This indicates that MVLL'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

	MVLL	ISCMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	60.78%	7.14%	+53.64%
Volatility (6M) Calculated over the trailing 6-month period	96.08%	15.90%	+80.18%
Volatility (1Y) Calculated over the trailing 1-year period	133.11%	18.53%	+114.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	139.63%	14.38%	+125.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	139.63%	14.38%	+125.25%

MVLL vs. ISCMF - Expense Ratio Comparison

MVLL has a 1.50% expense ratio, which is higher than ISCMF's 0.19% expense ratio.

Dividends

MVLL vs. ISCMF - Dividend Comparison

Neither MVLL nor ISCMF has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MVLL and ISCMF in my portfolio?

MVLL 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.

Which is riskier, MVLL or ISCMF?

MVLL has higher volatility (60.78%) compared to ISCMF (7.14%). In terms of maximum drawdown, MVLL dropped -59.02% vs ISCMF's -25.42%.

Which ETF is better, MVLL or ISCMF?

On 1-year performance, MVLL leads with 1215.17% vs 37.85% for ISCMF. On fees, ISCMF is cheaper at 0.19% per year. On volatility, ISCMF has been the lower-risk option at 7.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MVLL or ISCMF?

Over the 1-year period, MVLL has performed better with a 1215.17% return vs 37.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MVLL or ISCMF?

ISCMF is cheaper with a 0.19% expense ratio, compared with 1.50% for MVLL.

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

MVLL and ISCMF have nearly identical dividend yields, around 0.00%.

What is the main difference between MVLL and ISCMF?

MVLL is categorized as Leveraged Equities, while ISCMF is Commodities. MVLL tracks Marvell Technology Inc. (MRVL), while ISCMF tracks Bloomberg Commodity Index. They also come from different issuers: GraniteShares and iShares. Their fees differ too: 1.50% for MVLL and 0.19% for ISCMF.

Which has better risk-adjusted returns?

MVLL currently has the higher Sharpe Ratio (9.23 vs 2.05), 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.