QSML vs. ISCMF

Last updated Jun 25, 2026

QSML (Wisdomtree U.S. Smallcap Quality Growth Fund) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - QSML is a Small Cap Growth Equities fund tracking the WisdomTree US SmallCap Quality Growth Index - Benchmark TR Gross, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. Both are passively managed. Over the past year, QSML returned 24.58% vs 31.30% for ISCMF. At a correlation of -0.01, they often move in opposite directions. QSML charges 0.38%/yr vs 0.19%/yr for ISCMF.

Performance

QSML vs. ISCMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wisdomtree U.S. Smallcap Quality Growth Fund (QSML) 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, QSML achieves a 12.37% return, which is significantly lower than ISCMF's 22.87% return.

QSML

• 1D: 1.38%
• 1M: 4.91%
• YTD: 12.37%
• 6M: 9.88%
• 1Y: 24.58%
• 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)

QSML vs. ISCMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QSML Wisdomtree U.S. Smallcap Quality Growth Fund	12.37%	5.49%	9.93%
ISCMF iShares Diversified Commodity Swap UCITS ETF	22.87%	19.65%	3.54%

Correlation

The correlation between QSML 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 Jan 25, 2024	-0.01

Return for Risk

QSML vs. ISCMF — Risk / Return Rank

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

QSML

QSML Risk / Return Rank: 47
QSML Sharpe Ratio Rank: 45
QSML Sortino Ratio Rank: 48
QSML Omega Ratio Rank: 41
QSML Calmar Ratio Rank: 53
QSML Martin Ratio Rank: 51

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.

QSML vs. ISCMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wisdomtree U.S. Smallcap Quality Growth Fund (QSML) 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.

	QSML	ISCMF	Difference
Sharpe ratio: Return per unit of total volatility	1.40	1.76	-0.36
Sortino ratio: Return per unit of downside risk	2.12	3.18	-1.07
Omega ratio: Gain probability vs. loss probability	1.24	2.31	-1.07
Calmar ratio: Return relative to maximum drawdown	2.30	5.53	-3.23
Martin ratio: Return relative to average drawdown	7.66	11.76	-4.10

QSML vs. ISCMF - Sharpe Ratio Comparison

The current QSML Sharpe Ratio is 1.40, which is comparable to the ISCMF Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of QSML 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

QSML vs. ISCMF - Drawdown Comparison

The maximum QSML drawdown since its inception was -28.54%, which is greater than ISCMF's maximum drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for QSML and ISCMF.

Drawdown Indicators

	QSML	ISCMF	Difference
Max Drawdown Largest peak-to-trough decline	-28.54%	-25.42%	-3.12%
Max Drawdown (1Y) Largest decline over 1 year	-10.72%	-5.69%	-5.03%
Max Drawdown (3Y) Largest decline over 3 years	—	-7.62%	—
Current Drawdown Current decline from peak	0.00%	-5.26%	+5.26%
Average Drawdown Average peak-to-trough decline	-5.85%	-13.34%	+7.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.22%	2.67%	+0.55%

Volatility

QSML vs. ISCMF - Volatility Comparison

The current volatility for Wisdomtree U.S. Smallcap Quality Growth Fund (QSML) is 4.80%, while iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a volatility of 5.11%. This indicates that QSML 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

	QSML	ISCMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.80%	5.11%	-0.31%
Volatility (6M) Calculated over the trailing 6-month period	12.21%	15.45%	-3.24%
Volatility (1Y) Calculated over the trailing 1-year period	17.65%	17.84%	-0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.78%	14.28%	+6.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.78%	14.28%	+6.50%

QSML vs. ISCMF - Expense Ratio Comparison

QSML has a 0.38% expense ratio, which is higher than ISCMF's 0.19% expense ratio.

Dividends

QSML vs. ISCMF - Dividend Comparison

QSML's dividend yield for the trailing twelve months is around 0.55%, 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%
QSML Wisdomtree U.S. Smallcap Quality Growth Fund	0.55%	0.62%	0.32%

Frequently Asked Questions

Can I hold both QSML and ISCMF in my portfolio?

QSML 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, QSML or ISCMF?

ISCMF has higher volatility (5.11%) compared to QSML (4.80%). In terms of maximum drawdown, QSML dropped -28.54% vs ISCMF's -25.42%.

Which ETF is better, QSML or ISCMF?

On 1-year performance, ISCMF leads with 31.30% vs 24.58% for QSML. On fees, ISCMF is cheaper at 0.19% per year. On volatility, QSML has been the lower-risk option at 4.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QSML or ISCMF?

Over the 1-year period, ISCMF has performed better with a 31.30% return vs 24.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QSML or ISCMF?

ISCMF is cheaper with a 0.19% expense ratio, compared with 0.38% for QSML.

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

QSML has the higher dividend yield at 0.55%, compared with 0.00% for ISCMF.

What is the main difference between QSML and ISCMF?

QSML is categorized as Small Cap Growth Equities, while ISCMF is Commodities. QSML tracks WisdomTree US SmallCap Quality Growth Index - Benchmark TR Gross, while ISCMF tracks Bloomberg Commodity Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.38% for QSML and 0.19% for ISCMF.

Which has better risk-adjusted returns?

ISCMF currently has the higher Sharpe Ratio (1.76 vs 1.40), 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.