RBUF vs. ISCMF

Last updated Jun 24, 2026

RBUF (Innovator U.S. Small Cap 10 Buffer ETF - Quarterly) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - RBUF is a Defined Outcome fund actively managed by Innovator, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. RBUF is actively managed, while ISCMF is passively managed. Over the past year, RBUF returned 14.68% vs 31.30% for ISCMF. At a correlation of -0.02, they often move in opposite directions. RBUF charges 0.79%/yr vs 0.19%/yr for ISCMF.

Performance

RBUF vs. ISCMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Small Cap 10 Buffer ETF - Quarterly (RBUF) 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, RBUF achieves a 7.01% return, which is significantly lower than ISCMF's 22.87% return.

RBUF

• 1D: 0.06%
• 1M: 0.89%
• YTD: 7.01%
• 6M: 4.68%
• 1Y: 14.68%
• 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)

RBUF vs. ISCMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RBUF Innovator U.S. Small Cap 10 Buffer ETF - Quarterly	7.01%	10.88%	4.34%
ISCMF iShares Diversified Commodity Swap UCITS ETF	22.87%	19.65%	-2.45%

Correlation

The correlation between RBUF and ISCMF is -0.08, 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	-0.08
Correlation (All Time) Calculated using the full available price history since Jul 1, 2024	-0.02

Return for Risk

RBUF vs. ISCMF — Risk / Return Rank

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

RBUF

RBUF Risk / Return Rank: 87
RBUF Sharpe Ratio Rank: 83
RBUF Sortino Ratio Rank: 87
RBUF Omega Ratio Rank: 87
RBUF Calmar Ratio Rank: 88
RBUF Martin Ratio Rank: 92

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.

RBUF vs. ISCMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Small Cap 10 Buffer ETF - Quarterly (RBUF) 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.

	RBUF	ISCMF	Difference
Sharpe ratio: Return per unit of total volatility	2.40	1.76	+0.63
Sortino ratio: Return per unit of downside risk	3.50	3.18	+0.31
Omega ratio: Gain probability vs. loss probability	1.48	2.31	-0.83
Calmar ratio: Return relative to maximum drawdown	4.77	5.53	-0.76
Martin ratio: Return relative to average drawdown	20.23	11.85	+8.38

RBUF vs. ISCMF - Sharpe Ratio Comparison

The current RBUF Sharpe Ratio is 2.40, which is higher than the ISCMF Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of RBUF 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

RBUF vs. ISCMF - Drawdown Comparison

The maximum RBUF drawdown since its inception was -11.36%, smaller than the maximum ISCMF drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for RBUF and ISCMF.

Drawdown Indicators

	RBUF	ISCMF	Difference
Max Drawdown Largest peak-to-trough decline	-11.36%	-25.42%	+14.06%
Max Drawdown (1Y) Largest decline over 1 year	-3.09%	-5.69%	+2.60%
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	-1.31%	-13.35%	+12.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.73%	2.65%	-1.92%

Volatility

RBUF vs. ISCMF - Volatility Comparison

The current volatility for Innovator U.S. Small Cap 10 Buffer ETF - Quarterly (RBUF) is 0.71%, while iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a volatility of 5.11%. This indicates that RBUF 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

	RBUF	ISCMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.71%	5.11%	-4.40%
Volatility (6M) Calculated over the trailing 6-month period	3.94%	15.45%	-11.51%
Volatility (1Y) Calculated over the trailing 1-year period	6.17%	17.84%	-11.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.62%	14.29%	-5.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.62%	14.29%	-5.67%

RBUF vs. ISCMF - Expense Ratio Comparison

RBUF has a 0.79% expense ratio, which is higher than ISCMF's 0.19% expense ratio.

Dividends

RBUF vs. ISCMF - Dividend Comparison

Neither RBUF nor ISCMF has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both RBUF and ISCMF in my portfolio?

RBUF and ISCMF have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RBUF or ISCMF?

ISCMF has higher volatility (5.11%) compared to RBUF (0.71%). In terms of maximum drawdown, RBUF dropped -11.36% vs ISCMF's -25.42%.

Which ETF is better, RBUF or ISCMF?

On 1-year performance, ISCMF leads with 31.30% vs 14.68% for RBUF. On fees, ISCMF is cheaper at 0.19% per year. On volatility, RBUF has been the lower-risk option at 0.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RBUF or ISCMF?

Over the 1-year period, ISCMF has performed better with a 31.30% return vs 14.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RBUF or ISCMF?

ISCMF is cheaper with a 0.19% expense ratio, compared with 0.79% for RBUF.

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

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

What is the main difference between RBUF and ISCMF?

RBUF is categorized as Defined Outcome, while ISCMF is Commodities. They also come from different issuers: Innovator and iShares. Their fees differ too: 0.79% for RBUF and 0.19% for ISCMF.

Which has better risk-adjusted returns?

RBUF currently has the higher Sharpe Ratio (2.40 vs 1.76), 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.