QBF vs. ISCMF
QBF (Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - QBF is a Blockchain fund actively managed by Innovator, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. QBF is actively managed, while ISCMF is passively managed. Over the past year, QBF returned -44.02% vs 22.55% for ISCMF. At a correlation of -0.02, they often move in opposite directions. QBF charges 0.79%/yr vs 0.19%/yr for ISCMF.
Performance
QBF vs. ISCMF - Performance Comparison
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Returns By Period
In the year-to-date period, QBF achieves a -27.34% return, which is significantly lower than ISCMF's 11.96% return.
QBF
- 1D
- -0.77%
- 1M
- -5.16%
- 6M
- -31.33%
- YTD
- -27.34%
- 1Y
- -44.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ISCMF
- 1D
- 0.00%
- 1M
- -8.88%
- 6M
- 11.96%
- YTD
- 11.96%
- 1Y
- 22.55%
- 3Y*
- 10.82%
- 5Y*
- —
- 10Y*
- —
QBF vs. ISCMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QBF Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly | -27.34% | -14.76% |
ISCMF iShares Diversified Commodity Swap UCITS ETF | 11.96% | 11.59% |
Correlation
The correlation between QBF and ISCMF is -0.05, 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 | -0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2025 | -0.02 |
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Return for Risk
QBF vs. ISCMF — Risk / Return Rank
QBF
ISCMF
QBF vs. ISCMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly (QBF) 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.
| QBF | ISCMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.78 | ||
| Sortino ratioReturn per unit of downside risk | -4.40 | ||
| Omega ratioGain probability vs. loss probability | 0.73 | 1.84 | -1.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 1.66 | -2.56 |
| Martin ratioReturn relative to average drawdown | -1.53 | 6.41 | -7.94 |
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Drawdowns
QBF vs. ISCMF - Drawdown Comparison
The maximum QBF drawdown since its inception was -48.71%, which is greater than ISCMF's maximum drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for QBF and ISCMF.
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Drawdown Indicators
| QBF | ISCMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.71% | -25.42% | -23.29% |
Max Drawdown (1Y)Largest decline over 1 year | -48.71% | -13.68% | -35.03% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.68% | — |
Current DrawdownCurrent decline from peak | -45.69% | -13.68% | -32.01% |
Average DrawdownAverage peak-to-trough decline | -19.10% | -13.31% | -5.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.73% | 3.53% | +25.20% |
Volatility
QBF vs. ISCMF - Volatility Comparison
The current volatility for Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly (QBF) is 8.71%, while iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a volatility of 9.30%. This indicates that QBF 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
| QBF | ISCMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.71% | 9.30% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 20.81% | 18.12% | +2.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.23% | 19.58% | +7.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.98% | 14.82% | +14.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.98% | 14.82% | +14.16% |
QBF vs. ISCMF - Expense Ratio Comparison
QBF has a 0.79% expense ratio, which is higher than ISCMF's 0.19% expense ratio.
Dividends
QBF vs. ISCMF - Dividend Comparison
QBF's dividend yield for the trailing twelve months is around 1.90%, while ISCMF has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
ISCMF iShares Diversified Commodity Swap UCITS ETF | 0.00% | 0.00% |
QBF Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly | 1.90% | 1.38% |
Frequently Asked Questions
QBF and ISCMF have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISCMF has higher volatility (9.30%) compared to QBF (8.71%). In terms of maximum drawdown, QBF dropped -48.71% vs ISCMF's -25.42%.
On 1-year performance, ISCMF leads with 22.55% vs -44.02% for QBF. On fees, ISCMF is cheaper at 0.19% per year. On volatility, QBF has been the lower-risk option at 8.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ISCMF has performed better with a 22.55% return vs -44.02%. 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 0.79% for QBF.
QBF has the higher dividend yield at 1.90%, compared with 0.00% for ISCMF.
QBF is categorized as Blockchain, while ISCMF is Commodities. They also come from different issuers: Innovator and iShares. Their fees differ too: 0.79% for QBF and 0.19% for ISCMF.
ISCMF currently has the higher Sharpe Ratio (1.16 vs -1.63), 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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