SAUG vs. ISCMF

Last updated Jun 23, 2026

SAUG (FT Cboe Vest U.S. Small Cap Moderate Buffer ETF - August) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - SAUG is a Options Trading fund actively managed by FT Vest, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. SAUG is actively managed, while ISCMF is passively managed. Over the past year, SAUG returned 20.37% vs 31.30% for ISCMF. At a correlation of -0.02, they often move in opposite directions. SAUG charges 0.90%/yr vs 0.19%/yr for ISCMF.

Performance

SAUG vs. ISCMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest U.S. Small Cap Moderate Buffer ETF - August (SAUG) 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, SAUG achieves a 8.64% return, which is significantly lower than ISCMF's 22.87% return.

SAUG

• 1D: 0.25%
• 1M: 1.37%
• YTD: 8.64%
• 6M: 7.55%
• 1Y: 20.37%
• 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)

SAUG vs. ISCMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SAUG FT Cboe Vest U.S. Small Cap Moderate Buffer ETF - August	8.64%	8.23%	11.08%	6.37%
ISCMF iShares Diversified Commodity Swap UCITS ETF	22.87%	19.65%	3.13%	-3.03%

Correlation

The correlation between SAUG and ISCMF is -0.07, 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	-0.07
Correlation (All Time) Calculated using the full available price history since Aug 21, 2023	-0.02

Return for Risk

SAUG vs. ISCMF — Risk / Return Rank

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

SAUG

SAUG Risk / Return Rank: 78
SAUG Sharpe Ratio Rank: 69
SAUG Sortino Ratio Rank: 77
SAUG Omega Ratio Rank: 73
SAUG Calmar Ratio Rank: 88
SAUG Martin Ratio Rank: 83

ISCMF

ISCMF Risk / Return Rank: 77
ISCMF Sharpe Ratio Rank: 53
ISCMF Sortino Ratio Rank: 74
ISCMF Omega Ratio Rank: 98
ISCMF Calmar Ratio Rank: 91
ISCMF Martin Ratio Rank: 67

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.

SAUG vs. ISCMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Small Cap Moderate Buffer ETF - August (SAUG) 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.

	SAUG	ISCMF	Difference
Sharpe ratio: Return per unit of total volatility	2.16	1.76	+0.40
Sortino ratio: Return per unit of downside risk	3.28	3.18	+0.09
Omega ratio: Gain probability vs. loss probability	1.41	2.31	-0.90
Calmar ratio: Return relative to maximum drawdown	4.99	5.53	-0.53
Martin ratio: Return relative to average drawdown	16.42	11.95	+4.47

SAUG vs. ISCMF - Sharpe Ratio Comparison

The current SAUG Sharpe Ratio is 2.16, which is comparable to the ISCMF Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of SAUG 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

SAUG vs. ISCMF - Drawdown Comparison

The maximum SAUG drawdown since its inception was -14.62%, smaller than the maximum ISCMF drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for SAUG and ISCMF.

Drawdown Indicators

	SAUG	ISCMF	Difference
Max Drawdown Largest peak-to-trough decline	-14.62%	-25.42%	+10.80%
Max Drawdown (1Y) Largest decline over 1 year	-4.10%	-5.69%	+1.59%
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	-2.21%	-13.36%	+11.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.24%	2.63%	-1.39%

Volatility

SAUG vs. ISCMF - Volatility Comparison

The current volatility for FT Cboe Vest U.S. Small Cap Moderate Buffer ETF - August (SAUG) is 1.35%, while iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a volatility of 5.11%. This indicates that SAUG 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

	SAUG	ISCMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.35%	5.11%	-3.76%
Volatility (6M) Calculated over the trailing 6-month period	5.39%	15.45%	-10.06%
Volatility (1Y) Calculated over the trailing 1-year period	9.50%	17.87%	-8.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.72%	14.29%	-2.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.72%	14.29%	-2.57%

SAUG vs. ISCMF - Expense Ratio Comparison

SAUG has a 0.90% expense ratio, which is higher than ISCMF's 0.19% expense ratio.

Dividends

SAUG vs. ISCMF - Dividend Comparison

Neither SAUG nor ISCMF has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SAUG and ISCMF in my portfolio?

SAUG and ISCMF have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SAUG or ISCMF?

ISCMF has higher volatility (5.11%) compared to SAUG (1.35%). In terms of maximum drawdown, SAUG dropped -14.62% vs ISCMF's -25.42%.

Which ETF is better, SAUG or ISCMF?

On 1-year performance, ISCMF leads with 31.30% vs 20.37% for SAUG. On fees, ISCMF is cheaper at 0.19% per year. On volatility, SAUG has been the lower-risk option at 1.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SAUG or ISCMF?

Over the 1-year period, ISCMF has performed better with a 31.30% return vs 20.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SAUG or ISCMF?

ISCMF is cheaper with a 0.19% expense ratio, compared with 0.90% for SAUG.

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

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

What is the main difference between SAUG and ISCMF?

SAUG is categorized as Options Trading, while ISCMF is Commodities. They also come from different issuers: FT Vest and iShares. Their fees differ too: 0.90% for SAUG and 0.19% for ISCMF.

Which has better risk-adjusted returns?

SAUG currently has the higher Sharpe Ratio (2.16 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.