QLVD vs. ISCMF
QLVD (FlexShares Developed Markets ex-US Quality Low Volatility Index Fund) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - QLVD is a Volatility Hedged Equity fund tracking the Northern Trust Developed Markets ex US Quality Low Volatility Index, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. Both are passively managed. Over the past 3 years, QLVD returned 11.75%/yr vs 16.78%/yr for ISCMF. At a correlation of -0.04, they often move in opposite directions. QLVD charges 0.32%/yr vs 0.19%/yr for ISCMF.
Performance
QLVD vs. ISCMF - Performance Comparison
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Returns By Period
In the year-to-date period, QLVD achieves a 2.90% return, which is significantly lower than ISCMF's 22.87% return.
QLVD
- 1D
- -0.19%
- 1M
- -1.90%
- YTD
- 2.90%
- 6M
- 2.39%
- 1Y
- 8.20%
- 3Y*
- 11.75%
- 5Y*
- 5.87%
- 10Y*
- —
ISCMF
- 1D
- 0.00%
- 1M
- -4.99%
- YTD
- 22.87%
- 6M
- 22.87%
- 1Y
- 31.30%
- 3Y*
- 16.78%
- 5Y*
- —
- 10Y*
- —
QLVD vs. ISCMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Index Fund | 2.90% | 24.21% | 4.67% | 11.57% | -5.52% |
ISCMF iShares Diversified Commodity Swap UCITS ETF | 22.87% | 19.65% | 3.13% | -9.58% | -5.82% |
Correlation
The correlation between QLVD and ISCMF is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | -0.04 |
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Return for Risk
QLVD vs. ISCMF — Risk / Return Rank
QLVD
ISCMF
QLVD vs. ISCMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (QLVD) 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.
| QLVD | ISCMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 2.31 | -1.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.01 | 5.53 | -4.52 |
| Martin ratioReturn relative to average drawdown | 2.75 | 11.85 | -9.10 |
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Drawdowns
QLVD vs. ISCMF - Drawdown Comparison
The maximum QLVD drawdown since its inception was -28.20%, which is greater than ISCMF's maximum drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for QLVD and ISCMF.
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Drawdown Indicators
| QLVD | ISCMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.20% | -25.42% | -2.78% |
Max Drawdown (1Y)Largest decline over 1 year | -8.15% | -5.69% | -2.46% |
Max Drawdown (3Y)Largest decline over 3 years | -9.24% | -7.62% | -1.62% |
Max Drawdown (5Y)Largest decline over 5 years | -23.99% | — | — |
Current DrawdownCurrent decline from peak | -5.98% | -5.26% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -13.35% | +8.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 2.65% | +0.34% |
Volatility
QLVD vs. ISCMF - Volatility Comparison
The current volatility for FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (QLVD) is 2.92%, while iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a volatility of 5.11%. This indicates that QLVD 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
| QLVD | ISCMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | 5.11% | -2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 8.56% | 15.45% | -6.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.59% | 17.84% | -7.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.75% | 14.29% | -2.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.95% | 14.29% | -0.34% |
QLVD vs. ISCMF - Expense Ratio Comparison
QLVD has a 0.32% expense ratio, which is higher than ISCMF's 0.19% expense ratio.
Dividends
QLVD vs. ISCMF - Dividend Comparison
QLVD's dividend yield for the trailing twelve months is around 3.12%, while ISCMF has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
ISCMF iShares Diversified Commodity Swap UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Index Fund | 3.12% | 2.87% | 3.01% | 3.33% | 2.47% | 3.06% | 1.78% | 1.06% |
Frequently Asked Questions
QLVD and ISCMF have a correlation of -0.06, 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 QLVD (2.92%). In terms of maximum drawdown, QLVD dropped -28.20% vs ISCMF's -25.42%.
On 3-year performance, ISCMF leads with 16.78% vs 11.75% for QLVD. On fees, ISCMF is cheaper at 0.19% per year. On volatility, QLVD has been the lower-risk option at 2.92%. 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 11.75%. 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 0.32% for QLVD.
QLVD has the higher dividend yield at 3.12%, compared with 0.00% for ISCMF.
QLVD is categorized as Volatility Hedged Equity, while ISCMF is Commodities. QLVD tracks Northern Trust Developed Markets ex US Quality Low Volatility Index, while ISCMF tracks Bloomberg Commodity Index. They also come from different issuers: Northern Trust and iShares. Their fees differ too: 0.32% for QLVD and 0.19% for ISCMF.
ISCMF currently has the higher Sharpe Ratio (1.76 vs 0.78), 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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