RFV vs. ISCMF
RFV (Invesco S&P MidCap 400® Pure Value ETF) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - RFV is a Small Cap Value Equities fund tracking the S&P Mid Cap 400 Pure Value, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. Both are passively managed. Over the past 3 years, RFV returned 16.77%/yr vs 15.20%/yr for ISCMF. At a correlation of -0.03, they often move in opposite directions. RFV charges 0.35%/yr vs 0.19%/yr for ISCMF.
Performance
RFV vs. ISCMF - Performance Comparison
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Returns By Period
In the year-to-date period, RFV achieves a 13.04% return, which is significantly lower than ISCMF's 22.87% return.
RFV
- 1D
- -0.36%
- 1M
- 3.75%
- YTD
- 13.04%
- 6M
- 10.71%
- 1Y
- 25.06%
- 3Y*
- 16.77%
- 5Y*
- 10.00%
- 10Y*
- 12.53%
ISCMF
- 1D
- 0.00%
- 1M
- -0.67%
- YTD
- 22.87%
- 6M
- 27.76%
- 1Y
- 37.85%
- 3Y*
- 15.20%
- 5Y*
- —
- 10Y*
- —
RFV vs. ISCMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RFV Invesco S&P MidCap 400® Pure Value ETF | 13.04% | 7.66% | 5.63% | 30.26% | -4.03% |
ISCMF iShares Diversified Commodity Swap UCITS ETF | 22.87% | 19.65% | 3.13% | -9.58% | -5.08% |
Correlation
The correlation between RFV and ISCMF is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022 | -0.03 |
The correlation between RFV and ISCMF shifts across timeframes, from -0.12 (1 year) to -0.01 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
RFV vs. ISCMF — Risk / Return Rank
RFV
ISCMF
RFV vs. ISCMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400® Pure Value ETF (RFV) 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.
| RFV | ISCMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 2.53 | -1.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 6.69 | -4.67 |
| Martin ratioReturn relative to average drawdown | 5.94 | 15.68 | -9.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RFV | ISCMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 2.05 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.45 | -0.07 |
Drawdowns
RFV vs. ISCMF - Drawdown Comparison
The maximum RFV drawdown since its inception was -71.82%, which is greater than ISCMF's maximum drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for RFV and ISCMF.
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Drawdown Indicators
| RFV | ISCMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.82% | -25.42% | -46.40% |
Max Drawdown (1Y)Largest decline over 1 year | -12.51% | -5.69% | -6.82% |
Max Drawdown (3Y)Largest decline over 3 years | -24.65% | -7.62% | -17.03% |
Max Drawdown (5Y)Largest decline over 5 years | -24.65% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -52.24% | — | — |
Current DrawdownCurrent decline from peak | -0.36% | -5.26% | +4.90% |
Average DrawdownAverage peak-to-trough decline | -9.79% | -13.43% | +3.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.23% | 2.42% | +1.81% |
Volatility
RFV vs. ISCMF - Volatility Comparison
The current volatility for Invesco S&P MidCap 400® Pure Value ETF (RFV) is 4.60%, while iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a volatility of 7.14%. This indicates that RFV 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
| RFV | ISCMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.60% | 7.14% | -2.54% |
Volatility (6M)Calculated over the trailing 6-month period | 11.86% | 15.90% | -4.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.13% | 18.53% | -0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.08% | 14.38% | +7.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.99% | 14.38% | +10.61% |
RFV vs. ISCMF - Expense Ratio Comparison
RFV has a 0.35% expense ratio, which is higher than ISCMF's 0.19% expense ratio.
Dividends
RFV vs. ISCMF - Dividend Comparison
RFV's dividend yield for the trailing twelve months is around 1.84%, while ISCMF has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISCMF iShares Diversified Commodity Swap UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RFV Invesco S&P MidCap 400® Pure Value ETF | 1.84% | 2.07% | 1.31% | 1.27% | 2.05% | 1.60% | 1.52% | 1.71% | 1.39% | 1.36% | 0.88% | 1.79% |
Frequently Asked Questions
RFV and ISCMF have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISCMF has higher volatility (7.14%) compared to RFV (4.60%). In terms of maximum drawdown, RFV dropped -71.82% vs ISCMF's -25.42%.
On 3-year performance, RFV leads with 16.77% vs 15.20% for ISCMF. On fees, ISCMF is cheaper at 0.19% per year. On volatility, RFV has been the lower-risk option at 4.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, RFV has performed better with a 16.77% return vs 15.20%. 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 0.35% for RFV.
RFV has the higher dividend yield at 1.84%, compared with 0.00% for ISCMF.
RFV is categorized as Small Cap Value Equities, while ISCMF is Commodities. RFV tracks S&P Mid Cap 400 Pure Value, while ISCMF tracks Bloomberg Commodity Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.35% for RFV and 0.19% for ISCMF.
ISCMF currently has the higher Sharpe Ratio (2.05 vs 1.39), 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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