QLTI vs. ISCMF

Last updated Jun 25, 2026

QLTI (GMO International Quality ETF) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - QLTI is a Foreign Large Cap Equities fund actively managed by GMO, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. QLTI is actively managed, while ISCMF is passively managed. Over the past year, QLTI returned 5.17% vs 31.30% for ISCMF. At a correlation of -0.06, they often move in opposite directions. QLTI charges 0.60%/yr vs 0.19%/yr for ISCMF.

Performance

QLTI vs. ISCMF - Performance Comparison

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

Returns By Period

QLTI

• 1D: 0.68%
• 1M: 1.99%
• YTD: 0.00%
• 6M: -0.07%
• 1Y: 5.17%
• 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)

QLTI vs. ISCMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QLTI GMO International Quality ETF	0.00%	17.12%	-7.94%
ISCMF iShares Diversified Commodity Swap UCITS ETF	22.87%	19.65%	-1.74%

Correlation

The correlation between QLTI 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 (All Time) Calculated using the full available price history since Oct 29, 2024	-0.06

Return for Risk

QLTI vs. ISCMF — Risk / Return Rank

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

QLTI

QLTI Risk / Return Rank: 13
QLTI Sharpe Ratio Rank: 14
QLTI Sortino Ratio Rank: 13
QLTI Omega Ratio Rank: 13
QLTI Calmar Ratio Rank: 13
QLTI Martin Ratio Rank: 14

ISCMF

ISCMF Risk / Return Rank: 81
ISCMF Sharpe Ratio Rank: 60
ISCMF Sortino Ratio Rank: 81
ISCMF Omega Ratio Rank: 98
ISCMF Calmar Ratio Rank: 92
ISCMF Martin Ratio Rank: 72

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.

QLTI vs. ISCMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO International Quality ETF (QLTI) 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.

	QLTI	ISCMF	Difference
Sharpe ratio: Return per unit of total volatility	0.34	1.76	-1.43
Sortino ratio: Return per unit of downside risk	0.59	3.18	-2.59
Omega ratio: Gain probability vs. loss probability	1.07	2.31	-1.24
Calmar ratio: Return relative to maximum drawdown	0.38	5.53	-5.15
Martin ratio: Return relative to average drawdown	1.05	11.76	-10.71

QLTI vs. ISCMF - Sharpe Ratio Comparison

The current QLTI Sharpe Ratio is 0.34, which is lower than the ISCMF Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of QLTI 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

QLTI vs. ISCMF - Drawdown Comparison

The maximum QLTI drawdown since its inception was -14.82%, smaller than the maximum ISCMF drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for QLTI and ISCMF.

Drawdown Indicators

	QLTI	ISCMF	Difference
Max Drawdown Largest peak-to-trough decline	-14.82%	-25.42%	+10.60%
Max Drawdown (1Y) Largest decline over 1 year	-13.72%	-5.69%	-8.03%
Max Drawdown (3Y) Largest decline over 3 years	—	-7.62%	—
Current Drawdown Current decline from peak	-5.47%	-5.26%	-0.21%
Average Drawdown Average peak-to-trough decline	-3.82%	-13.34%	+9.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.92%	2.67%	+2.25%

Volatility

QLTI vs. ISCMF - Volatility Comparison

The current volatility for GMO International Quality ETF (QLTI) is 4.67%, while iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a volatility of 5.11%. This indicates that QLTI 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.

Volatility by Period

	QLTI	ISCMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.67%	5.11%	-0.44%
Volatility (6M) Calculated over the trailing 6-month period	12.84%	15.45%	-2.61%
Volatility (1Y) Calculated over the trailing 1-year period	15.54%	17.84%	-2.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.72%	14.28%	+2.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.72%	14.28%	+2.44%

QLTI vs. ISCMF - Expense Ratio Comparison

QLTI has a 0.60% expense ratio, which is higher than ISCMF's 0.19% expense ratio.

Dividends

QLTI vs. ISCMF - Dividend Comparison

QLTI's dividend yield for the trailing twelve months is around 0.52%, while ISCMF has not paid dividends to shareholders.

Position	TTM	2025	2024
ISCMF iShares Diversified Commodity Swap UCITS ETF	0.00%	0.00%	0.00%
QLTI GMO International Quality ETF	0.52%	0.52%	0.19%

Frequently Asked Questions

Can I hold both QLTI and ISCMF in my portfolio?

QLTI 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.

Which is riskier, QLTI or ISCMF?

ISCMF has higher volatility (5.11%) compared to QLTI (4.67%). In terms of maximum drawdown, QLTI dropped -14.82% vs ISCMF's -25.42%.

Which ETF is better, QLTI or ISCMF?

On 1-year performance, ISCMF leads with 31.30% vs 5.17% for QLTI. On fees, ISCMF is cheaper at 0.19% per year. On volatility, QLTI has been the lower-risk option at 4.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QLTI or ISCMF?

Over the 1-year period, ISCMF has performed better with a 31.30% return vs 5.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QLTI or ISCMF?

ISCMF is cheaper with a 0.19% expense ratio, compared with 0.60% for QLTI.

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

QLTI has the higher dividend yield at 0.52%, compared with 0.00% for ISCMF.

What is the main difference between QLTI and ISCMF?

QLTI is categorized as Foreign Large Cap Equities, while ISCMF is Commodities. They also come from different issuers: GMO and iShares. Their fees differ too: 0.60% for QLTI and 0.19% for ISCMF.

Which has better risk-adjusted returns?

ISCMF currently has the higher Sharpe Ratio (1.76 vs 0.34), 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.