SETM vs. ISCMF
SETM (Sprott Critical Materials ETF) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - SETM is a Materials fund tracking the Nasdaq Sprott Critical Materials Index, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. Both are passively managed. Over the past 3 years, SETM returned 25.14%/yr vs 16.78%/yr for ISCMF. At a 0.01 correlation, their price movements are largely independent. SETM charges 0.65%/yr vs 0.19%/yr for ISCMF.
Performance
SETM vs. ISCMF - Performance Comparison
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Returns By Period
In the year-to-date period, SETM achieves a 11.16% return, which is significantly lower than ISCMF's 22.87% return.
SETM
- 1D
- -4.08%
- 1M
- -8.14%
- YTD
- 11.16%
- 6M
- 8.97%
- 1Y
- 95.17%
- 3Y*
- 25.14%
- 5Y*
- —
- 10Y*
- —
ISCMF
- 1D
- 0.00%
- 1M
- -4.99%
- YTD
- 22.87%
- 6M
- 22.87%
- 1Y
- 31.30%
- 3Y*
- 16.78%
- 5Y*
- —
- 10Y*
- —
SETM vs. ISCMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SETM Sprott Critical Materials ETF | 11.16% | 95.27% | -13.24% | -13.11% |
ISCMF iShares Diversified Commodity Swap UCITS ETF | 22.87% | 19.65% | 3.13% | -9.58% |
Correlation
The correlation between SETM 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 (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2023 | 0.01 |
The correlation between SETM and ISCMF shifts across timeframes, from -0.09 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SETM vs. ISCMF — Risk / Return Rank
SETM
ISCMF
SETM vs. ISCMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Critical Materials ETF (SETM) 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.
| SETM | ISCMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 2.31 | -0.99 |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | 5.53 | -1.83 |
| Martin ratioReturn relative to average drawdown | 10.56 | 11.85 | -1.29 |
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Drawdowns
SETM vs. ISCMF - Drawdown Comparison
The maximum SETM drawdown since its inception was -42.81%, which is greater than ISCMF's maximum drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for SETM and ISCMF.
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Drawdown Indicators
| SETM | ISCMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.81% | -25.42% | -17.39% |
Max Drawdown (1Y)Largest decline over 1 year | -25.85% | -5.69% | -20.16% |
Max Drawdown (3Y)Largest decline over 3 years | -42.81% | -7.62% | -35.19% |
Current DrawdownCurrent decline from peak | -19.00% | -5.26% | -13.74% |
Average DrawdownAverage peak-to-trough decline | -15.03% | -13.35% | -1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.04% | 2.65% | +6.39% |
Volatility
SETM vs. ISCMF - Volatility Comparison
Sprott Critical Materials ETF (SETM) has a higher volatility of 17.16% compared to iShares Diversified Commodity Swap UCITS ETF (ISCMF) at 5.11%. This indicates that SETM's price experiences larger fluctuations and is considered to be riskier 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
| SETM | ISCMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.16% | 5.11% | +12.05% |
Volatility (6M)Calculated over the trailing 6-month period | 37.55% | 15.45% | +22.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.69% | 17.84% | +28.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.23% | 14.29% | +22.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.23% | 14.29% | +22.94% |
SETM vs. ISCMF - Expense Ratio Comparison
SETM has a 0.65% expense ratio, which is higher than ISCMF's 0.19% expense ratio.
Dividends
SETM vs. ISCMF - Dividend Comparison
SETM's dividend yield for the trailing twelve months is around 1.41%, while ISCMF has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ISCMF iShares Diversified Commodity Swap UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
SETM Sprott Critical Materials ETF | 1.41% | 1.56% | 2.07% | 2.47% |
Frequently Asked Questions
SETM 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.
SETM has higher volatility (17.16%) compared to ISCMF (5.11%). In terms of maximum drawdown, SETM dropped -42.81% vs ISCMF's -25.42%.
On 3-year performance, SETM leads with 25.14% vs 16.78% for ISCMF. On fees, ISCMF is cheaper at 0.19% per year. On volatility, ISCMF has been the lower-risk option at 5.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SETM has performed better with a 25.14% return vs 16.78%. 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 0.65% for SETM.
SETM has the higher dividend yield at 1.41%, compared with 0.00% for ISCMF.
SETM is categorized as Materials, while ISCMF is Commodities. SETM tracks Nasdaq Sprott Critical Materials Index, while ISCMF tracks Bloomberg Commodity Index. They also come from different issuers: Sprott and iShares. Their fees differ too: 0.65% for SETM and 0.19% for ISCMF.
SETM currently has the higher Sharpe Ratio (2.05 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.
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