SMIG vs. ISCMF
SMIG (Bahl & Gaynor Small/Mid Cap Income Growth ETF) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - SMIG is a Small Cap Value Equities fund actively managed by Bahl & Gaynor, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. SMIG is actively managed, while ISCMF is passively managed. Over the past 3 years, SMIG returned 13.63%/yr vs 16.78%/yr for ISCMF. At a correlation of -0.04, they often move in opposite directions. SMIG charges 0.60%/yr vs 0.19%/yr for ISCMF.
Performance
SMIG vs. ISCMF - Performance Comparison
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Returns By Period
In the year-to-date period, SMIG achieves a 13.12% return, which is significantly lower than ISCMF's 22.87% return.
SMIG
- 1D
- 0.78%
- 1M
- 1.50%
- YTD
- 13.12%
- 6M
- 11.92%
- 1Y
- 15.97%
- 3Y*
- 13.63%
- 5Y*
- —
- 10Y*
- —
ISCMF
- 1D
- 0.00%
- 1M
- -4.99%
- YTD
- 22.87%
- 6M
- 22.87%
- 1Y
- 31.30%
- 3Y*
- 16.78%
- 5Y*
- —
- 10Y*
- —
SMIG vs. ISCMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SMIG Bahl & Gaynor Small/Mid Cap Income Growth ETF | 13.12% | 0.78% | 17.63% | 13.62% | -4.25% |
ISCMF iShares Diversified Commodity Swap UCITS ETF | 22.87% | 19.65% | 3.13% | -9.58% | -5.82% |
Correlation
The correlation between SMIG and ISCMF is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | -0.04 |
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Return for Risk
SMIG vs. ISCMF — Risk / Return Rank
SMIG
ISCMF
SMIG vs. ISCMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) 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.
| SMIG | ISCMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 2.31 | -1.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 5.53 | -3.65 |
| Martin ratioReturn relative to average drawdown | 4.89 | 11.95 | -7.05 |
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Drawdowns
SMIG vs. ISCMF - Drawdown Comparison
The maximum SMIG drawdown since its inception was -19.65%, smaller than the maximum ISCMF drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for SMIG and ISCMF.
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Drawdown Indicators
| SMIG | ISCMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.65% | -25.42% | +5.77% |
Max Drawdown (1Y)Largest decline over 1 year | -8.52% | -5.69% | -2.83% |
Max Drawdown (3Y)Largest decline over 3 years | -19.23% | -7.62% | -11.61% |
Current DrawdownCurrent decline from peak | 0.00% | -5.26% | +5.26% |
Average DrawdownAverage peak-to-trough decline | -6.49% | -13.36% | +6.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 2.63% | +0.64% |
Volatility
SMIG vs. ISCMF - Volatility Comparison
The current volatility for Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) is 3.61%, while iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a volatility of 5.11%. This indicates that SMIG 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
| SMIG | ISCMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.61% | 5.11% | -1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 8.47% | 15.45% | -6.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.08% | 17.87% | -5.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.16% | 14.29% | +1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 14.29% | +1.87% |
SMIG vs. ISCMF - Expense Ratio Comparison
SMIG has a 0.60% expense ratio, which is higher than ISCMF's 0.19% expense ratio.
Dividends
SMIG vs. ISCMF - Dividend Comparison
SMIG's dividend yield for the trailing twelve months is around 1.70%, while ISCMF has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ISCMF iShares Diversified Commodity Swap UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMIG Bahl & Gaynor Small/Mid Cap Income Growth ETF | 1.70% | 1.82% | 1.75% | 1.91% | 2.00% | 0.50% |
Frequently Asked Questions
SMIG and ISCMF have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISCMF has higher volatility (5.11%) compared to SMIG (3.61%). In terms of maximum drawdown, SMIG dropped -19.65% vs ISCMF's -25.42%.
On 3-year performance, ISCMF leads with 16.78% vs 13.63% for SMIG. On fees, ISCMF is cheaper at 0.19% per year. On volatility, SMIG has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ISCMF has performed better with a 16.78% return vs 13.63%. 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 0.60% for SMIG.
SMIG has the higher dividend yield at 1.70%, compared with 0.00% for ISCMF.
SMIG is categorized as Small Cap Value Equities, while ISCMF is Commodities. They also come from different issuers: Bahl & Gaynor and iShares. Their fees differ too: 0.60% for SMIG and 0.19% for ISCMF.
ISCMF currently has the higher Sharpe Ratio (1.76 vs 1.33), 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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