OKTG vs. ISCMF

Last updated Jun 24, 2026

OKTG (Leverage Shares 2X Long OKTA Daily ETF) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - OKTG is a Leveraged Equities fund actively managed by Leverage Shares, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. OKTG is actively managed, while ISCMF is passively managed. At a correlation of -0.15, they often move in opposite directions. OKTG charges 0.75%/yr vs 0.19%/yr for ISCMF.

Performance

OKTG vs. ISCMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long OKTA Daily ETF (OKTG) 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, OKTG achieves a 40.39% return, which is significantly higher than ISCMF's 22.87% return.

OKTG

• 1D: 4.16%
• 1M: 48.25%
• YTD: 40.39%
• 6M: 31.81%
• 1Y: —
• 3Y*: —
• 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)

OKTG vs. ISCMF - Yearly Performance Comparison

	2026 (YTD)	2025
OKTG Leverage Shares 2X Long OKTA Daily ETF	40.39%	5.90%
ISCMF iShares Diversified Commodity Swap UCITS ETF	22.87%	7.57%

Correlation

The correlation between OKTG and ISCMF is -0.15, 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 (All Time) Calculated using the full available price history since Nov 17, 2025	-0.15

Return for Risk

OKTG vs. ISCMF — Risk / Return Rank

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

OKTG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

OKTG vs. ISCMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long OKTA Daily ETF (OKTG) 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.

	OKTG	ISCMF	Difference
Sharpe ratio: Return per unit of total volatility	—	1.76	—
Sortino ratio: Return per unit of downside risk	—	3.18	—
Omega ratio: Gain probability vs. loss probability	—	2.31	—
Calmar ratio: Return relative to maximum drawdown	—	5.53	—
Martin ratio: Return relative to average drawdown	—	11.85	—

Drawdowns

OKTG vs. ISCMF - Drawdown Comparison

The maximum OKTG drawdown since its inception was -60.69%, which is greater than ISCMF's maximum drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for OKTG and ISCMF.

Drawdown Indicators

	OKTG	ISCMF	Difference
Max Drawdown Largest peak-to-trough decline	-60.69%	-25.42%	-35.27%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.69%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-7.62%	—
Current Drawdown Current decline from peak	-30.62%	-5.26%	-25.36%
Average Drawdown Average peak-to-trough decline	-24.17%	-13.35%	-10.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.65%	—

Volatility

Volatility by Period

	OKTG	ISCMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.11%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.45%	—
Volatility (1Y) Calculated over the trailing 1-year period	133.51%	17.84%	+115.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	133.51%	14.29%	+119.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	133.51%	14.29%	+119.22%

OKTG vs. ISCMF - Expense Ratio Comparison

OKTG has a 0.75% expense ratio, which is higher than ISCMF's 0.19% expense ratio.

Dividends

OKTG vs. ISCMF - Dividend Comparison

Neither OKTG nor ISCMF has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both OKTG and ISCMF in my portfolio?

OKTG and ISCMF have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OKTG or ISCMF?

On fees, ISCMF is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OKTG or ISCMF?

ISCMF is cheaper with a 0.19% expense ratio, compared with 0.75% for OKTG.

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

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

What is the main difference between OKTG and ISCMF?

OKTG is categorized as Leveraged Equities, while ISCMF is Commodities. They also come from different issuers: Leverage Shares and iShares. Their fees differ too: 0.75% for OKTG and 0.19% for ISCMF.