SMCO vs. ISCMF

Last updated Jun 24, 2026

SMCO (Hilton Small-Midcap Opportunity ETF) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - SMCO is a Mid Cap Blend Equities fund actively managed by Hilton, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. SMCO is actively managed, while ISCMF is passively managed. Over the past year, SMCO returned 21.01% vs 31.30% for ISCMF. At a correlation of -0.01, they often move in opposite directions. SMCO charges 0.55%/yr vs 0.19%/yr for ISCMF.

Performance

SMCO vs. ISCMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hilton Small-Midcap Opportunity ETF (SMCO) 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, SMCO achieves a 12.19% return, which is significantly lower than ISCMF's 22.87% return.

SMCO

• 1D: -0.81%
• 1M: 1.20%
• YTD: 12.19%
• 6M: 10.74%
• 1Y: 21.01%
• 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)

SMCO vs. ISCMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SMCO Hilton Small-Midcap Opportunity ETF	12.19%	6.46%	17.78%	7.03%
ISCMF iShares Diversified Commodity Swap UCITS ETF	22.87%	19.65%	3.13%	-5.12%

Correlation

The correlation between SMCO and ISCMF is -0.06, 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	-0.06
Correlation (All Time) Calculated using the full available price history since Nov 29, 2023	-0.01

Return for Risk

SMCO vs. ISCMF — Risk / Return Rank

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

SMCO

SMCO Risk / Return Rank: 43
SMCO Sharpe Ratio Rank: 40
SMCO Sortino Ratio Rank: 41
SMCO Omega Ratio Rank: 39
SMCO Calmar Ratio Rank: 49
SMCO Martin Ratio Rank: 48

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.

SMCO vs. ISCMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hilton Small-Midcap Opportunity ETF (SMCO) 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.

	SMCO	ISCMF	Difference
Sharpe ratio: Return per unit of total volatility	1.32	1.76	-0.44
Sortino ratio: Return per unit of downside risk	1.94	3.18	-1.24
Omega ratio: Gain probability vs. loss probability	1.24	2.31	-1.07
Calmar ratio: Return relative to maximum drawdown	2.21	5.53	-3.32
Martin ratio: Return relative to average drawdown	7.41	11.85	-4.44

SMCO vs. ISCMF - Sharpe Ratio Comparison

The current SMCO Sharpe Ratio is 1.32, which is comparable to the ISCMF Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of SMCO 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

SMCO vs. ISCMF - Drawdown Comparison

The maximum SMCO drawdown since its inception was -22.71%, smaller than the maximum ISCMF drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for SMCO and ISCMF.

Drawdown Indicators

	SMCO	ISCMF	Difference
Max Drawdown Largest peak-to-trough decline	-22.71%	-25.42%	+2.71%
Max Drawdown (1Y) Largest decline over 1 year	-9.56%	-5.69%	-3.87%
Max Drawdown (3Y) Largest decline over 3 years	—	-7.62%	—
Current Drawdown Current decline from peak	-0.91%	-5.26%	+4.35%
Average Drawdown Average peak-to-trough decline	-3.69%	-13.35%	+9.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	2.65%	+0.19%

Volatility

SMCO vs. ISCMF - Volatility Comparison

The current volatility for Hilton Small-Midcap Opportunity ETF (SMCO) is 4.64%, while iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a volatility of 5.11%. This indicates that SMCO 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

	SMCO	ISCMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.64%	5.11%	-0.47%
Volatility (6M) Calculated over the trailing 6-month period	12.07%	15.45%	-3.38%
Volatility (1Y) Calculated over the trailing 1-year period	16.05%	17.84%	-1.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.21%	14.29%	+3.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.21%	14.29%	+3.92%

SMCO vs. ISCMF - Expense Ratio Comparison

SMCO has a 0.55% expense ratio, which is higher than ISCMF's 0.19% expense ratio.

Dividends

SMCO vs. ISCMF - Dividend Comparison

SMCO's dividend yield for the trailing twelve months is around 0.90%, 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%
SMCO Hilton Small-Midcap Opportunity ETF	0.90%	1.01%	0.47%	0.05%

Frequently Asked Questions

Can I hold both SMCO and ISCMF in my portfolio?

SMCO and ISCMF have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SMCO or ISCMF?

ISCMF has higher volatility (5.11%) compared to SMCO (4.64%). In terms of maximum drawdown, SMCO dropped -22.71% vs ISCMF's -25.42%.

Which ETF is better, SMCO or ISCMF?

On 1-year performance, ISCMF leads with 31.30% vs 21.01% for SMCO. On fees, ISCMF is cheaper at 0.19% per year. On volatility, SMCO has been the lower-risk option at 4.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SMCO or ISCMF?

Over the 1-year period, ISCMF has performed better with a 31.30% return vs 21.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SMCO or ISCMF?

ISCMF is cheaper with a 0.19% expense ratio, compared with 0.55% for SMCO.

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

SMCO has the higher dividend yield at 0.90%, compared with 0.00% for ISCMF.

What is the main difference between SMCO and ISCMF?

SMCO is categorized as Mid Cap Blend Equities, while ISCMF is Commodities. They also come from different issuers: Hilton and iShares. Their fees differ too: 0.55% for SMCO and 0.19% for ISCMF.

Which has better risk-adjusted returns?

ISCMF currently has the higher Sharpe Ratio (1.76 vs 1.32), 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.