SIXS vs. ISCMF

Last updated Jun 23, 2026

SIXS (6 Meridian Small Cap Equity ETF) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - SIXS is a Small Cap Blend Equities fund actively managed by Exchange Traded Concepts, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. SIXS is actively managed, while ISCMF is passively managed. Over the past 3 years, SIXS returned 12.47%/yr vs 16.78%/yr for ISCMF. At a correlation of -0.04, they often move in opposite directions. SIXS charges 1.00%/yr vs 0.19%/yr for ISCMF.

Performance

SIXS vs. ISCMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 6 Meridian Small Cap Equity ETF (SIXS) 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, SIXS achieves a 10.35% return, which is significantly lower than ISCMF's 22.87% return.

SIXS

• 1D: -0.12%
• 1M: 2.59%
• YTD: 10.35%
• 6M: 9.21%
• 1Y: 22.16%
• 3Y*: 12.47%
• 5Y*: 4.64%
• 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)

SIXS vs. ISCMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SIXS 6 Meridian Small Cap Equity ETF	10.35%	4.59%	5.85%	14.92%	-12.96%
ISCMF iShares Diversified Commodity Swap UCITS ETF	22.87%	19.65%	3.13%	-9.58%	-5.82%

Correlation

The correlation between SIXS and ISCMF is -0.11, 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	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	-0.02
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022	-0.04

Return for Risk

SIXS vs. ISCMF — Risk / Return Rank

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

SIXS

SIXS Risk / Return Rank: 53
SIXS Sharpe Ratio Rank: 49
SIXS Sortino Ratio Rank: 52
SIXS Omega Ratio Rank: 45
SIXS Calmar Ratio Rank: 65
SIXS Martin Ratio Rank: 55

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.

SIXS vs. ISCMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 6 Meridian Small Cap Equity ETF (SIXS) 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.

	SIXS	ISCMF	Difference
Sharpe ratio: Return per unit of total volatility	1.65	1.76	-0.11
Sortino ratio: Return per unit of downside risk	2.45	3.18	-0.73
Omega ratio: Gain probability vs. loss probability	1.29	2.31	-1.03
Calmar ratio: Return relative to maximum drawdown	3.11	5.53	-2.42
Martin ratio: Return relative to average drawdown	9.32	11.95	-2.62

SIXS vs. ISCMF - Sharpe Ratio Comparison

The current SIXS Sharpe Ratio is 1.65, which is comparable to the ISCMF Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of SIXS 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

SIXS vs. ISCMF - Drawdown Comparison

The maximum SIXS drawdown since its inception was -27.68%, which is greater than ISCMF's maximum drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for SIXS and ISCMF.

Drawdown Indicators

	SIXS	ISCMF	Difference
Max Drawdown Largest peak-to-trough decline	-27.68%	-25.42%	-2.26%
Max Drawdown (1Y) Largest decline over 1 year	-7.16%	-5.69%	-1.47%
Max Drawdown (3Y) Largest decline over 3 years	-19.95%	-7.62%	-12.33%
Max Drawdown (5Y) Largest decline over 5 years	-27.68%	—	—
Current Drawdown Current decline from peak	-1.02%	-5.26%	+4.24%
Average Drawdown Average peak-to-trough decline	-8.88%	-13.36%	+4.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.38%	2.63%	-0.25%

Volatility

SIXS vs. ISCMF - Volatility Comparison

The current volatility for 6 Meridian Small Cap Equity ETF (SIXS) is 3.53%, while iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a volatility of 5.11%. This indicates that SIXS 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

	SIXS	ISCMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.53%	5.11%	-1.58%
Volatility (6M) Calculated over the trailing 6-month period	9.00%	15.45%	-6.45%
Volatility (1Y) Calculated over the trailing 1-year period	13.53%	17.87%	-4.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.59%	14.29%	+3.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.61%	14.29%	+5.32%

SIXS vs. ISCMF - Expense Ratio Comparison

SIXS has a 1.00% expense ratio, which is higher than ISCMF's 0.19% expense ratio.

Dividends

SIXS vs. ISCMF - Dividend Comparison

SIXS's dividend yield for the trailing twelve months is around 1.73%, while ISCMF has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
ISCMF iShares Diversified Commodity Swap UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SIXS 6 Meridian Small Cap Equity ETF	1.73%	1.62%	1.09%	1.60%	1.37%	0.94%	0.45%

Frequently Asked Questions

Can I hold both SIXS and ISCMF in my portfolio?

SIXS and ISCMF have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SIXS or ISCMF?

ISCMF has higher volatility (5.11%) compared to SIXS (3.53%). In terms of maximum drawdown, SIXS dropped -27.68% vs ISCMF's -25.42%.

Which ETF is better, SIXS or ISCMF?

On 3-year performance, ISCMF leads with 16.78% vs 12.47% for SIXS. On fees, ISCMF is cheaper at 0.19% per year. On volatility, SIXS has been the lower-risk option at 3.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SIXS or ISCMF?

Over the 3-year period, ISCMF has performed better with a 16.78% return vs 12.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SIXS or ISCMF?

ISCMF is cheaper with a 0.19% expense ratio, compared with 1.00% for SIXS.

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

SIXS has the higher dividend yield at 1.73%, compared with 0.00% for ISCMF.

What is the main difference between SIXS and ISCMF?

SIXS is categorized as Small Cap Blend Equities, while ISCMF is Commodities. They also come from different issuers: Exchange Traded Concepts and iShares. Their fees differ too: 1.00% for SIXS and 0.19% for ISCMF.

Which has better risk-adjusted returns?

ISCMF currently has the higher Sharpe Ratio (1.76 vs 1.65), 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.