NURE vs. ISCMF
NURE (Nuveen Short-Term REIT ETF) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - NURE is a REIT fund tracking the Dow Jones U.S. Select Short-Term REIT Index, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. Both are passively managed. Over the past 3 years, NURE returned 7.27%/yr vs 16.78%/yr for ISCMF. At a correlation of -0.02, they often move in opposite directions. NURE charges 0.35%/yr vs 0.19%/yr for ISCMF.
Performance
NURE vs. ISCMF - Performance Comparison
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Returns By Period
In the year-to-date period, NURE achieves a 14.93% return, which is significantly lower than ISCMF's 22.87% return.
NURE
- 1D
- 0.84%
- 1M
- 4.01%
- YTD
- 14.93%
- 6M
- 15.97%
- 1Y
- 10.47%
- 3Y*
- 7.27%
- 5Y*
- 1.78%
- 10Y*
- —
ISCMF
- 1D
- 0.00%
- 1M
- -4.99%
- YTD
- 22.87%
- 6M
- 22.87%
- 1Y
- 31.30%
- 3Y*
- 16.78%
- 5Y*
- —
- 10Y*
- —
NURE vs. ISCMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NURE Nuveen Short-Term REIT ETF | 14.93% | -7.51% | 6.65% | 13.09% | -23.57% |
ISCMF iShares Diversified Commodity Swap UCITS ETF | 22.87% | 19.65% | 3.13% | -9.58% | -5.82% |
Correlation
The correlation between NURE and ISCMF is -0.09, 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 | -0.09 |
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 | -0.02 |
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Return for Risk
NURE vs. ISCMF — Risk / Return Rank
NURE
ISCMF
NURE vs. ISCMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Short-Term REIT ETF (NURE) 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.
| NURE | ISCMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 2.31 | -1.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 5.53 | -4.38 |
| Martin ratioReturn relative to average drawdown | 2.39 | 11.85 | -9.46 |
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Drawdowns
NURE vs. ISCMF - Drawdown Comparison
The maximum NURE drawdown since its inception was -46.05%, which is greater than ISCMF's maximum drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for NURE and ISCMF.
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Drawdown Indicators
| NURE | ISCMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.05% | -25.42% | -20.63% |
Max Drawdown (1Y)Largest decline over 1 year | -9.13% | -5.69% | -3.44% |
Max Drawdown (3Y)Largest decline over 3 years | -21.03% | -7.62% | -13.41% |
Max Drawdown (5Y)Largest decline over 5 years | -35.98% | — | — |
Current DrawdownCurrent decline from peak | -9.39% | -5.26% | -4.13% |
Average DrawdownAverage peak-to-trough decline | -12.28% | -13.35% | +1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.38% | 2.65% | +1.73% |
Volatility
NURE vs. ISCMF - Volatility Comparison
The current volatility for Nuveen Short-Term REIT ETF (NURE) is 4.29%, while iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a volatility of 5.11%. This indicates that NURE 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
| NURE | ISCMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.29% | 5.11% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 11.62% | 15.45% | -3.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.02% | 17.84% | -1.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.67% | 14.29% | +5.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.78% | 14.29% | +7.49% |
NURE vs. ISCMF - Expense Ratio Comparison
NURE has a 0.35% expense ratio, which is higher than ISCMF's 0.19% expense ratio.
Dividends
NURE vs. ISCMF - Dividend Comparison
NURE's dividend yield for the trailing twelve months is around 4.33%, while ISCMF has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
NURE Nuveen Short-Term REIT ETF | 4.33% | 4.56% | 3.51% | 3.73% | 2.80% | 1.34% | 3.41% | 3.28% | 4.11% | 3.86% | 0.48% |
Frequently Asked Questions
NURE and ISCMF have a correlation of -0.09, 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 NURE (4.29%). In terms of maximum drawdown, NURE dropped -46.05% vs ISCMF's -25.42%.
On 3-year performance, ISCMF leads with 16.78% vs 7.27% for NURE. On fees, ISCMF is cheaper at 0.19% per year. On volatility, NURE has been the lower-risk option at 4.29%. 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 7.27%. 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 0.35% for NURE.
NURE has the higher dividend yield at 4.33%, compared with 0.00% for ISCMF.
NURE is categorized as REIT, while ISCMF is Commodities. NURE tracks Dow Jones U.S. Select Short-Term REIT Index, while ISCMF tracks Bloomberg Commodity Index. They also come from different issuers: Nuveen and iShares. Their fees differ too: 0.35% for NURE and 0.19% for ISCMF.
ISCMF currently has the higher Sharpe Ratio (1.76 vs 0.66), 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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