SPYD vs. ISCMF
SPYD (State Street SPDR Portfolio S&P 500 High Dividend ETF) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - SPYD is a S&P 500 fund tracking the S&P 500 High Dividend Index, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. Both are passively managed. Over the past 3 years, SPYD returned 14.97%/yr vs 15.20%/yr for ISCMF. At a correlation of -0.02, they often move in opposite directions. SPYD charges 0.07%/yr vs 0.19%/yr for ISCMF.
Performance
SPYD vs. ISCMF - Performance Comparison
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Returns By Period
In the year-to-date period, SPYD achieves a 11.64% return, which is significantly lower than ISCMF's 22.87% return.
SPYD
- 1D
- 1.19%
- 1M
- 1.96%
- YTD
- 11.64%
- 6M
- 12.50%
- 1Y
- 18.54%
- 3Y*
- 14.97%
- 5Y*
- 7.01%
- 10Y*
- 8.63%
ISCMF
- 1D
- 0.00%
- 1M
- -0.67%
- YTD
- 22.87%
- 6M
- 22.87%
- 1Y
- 37.85%
- 3Y*
- 15.20%
- 5Y*
- —
- 10Y*
- —
SPYD vs. ISCMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF | 11.64% | 4.65% | 15.34% | 3.91% | -4.44% |
ISCMF iShares Diversified Commodity Swap UCITS ETF | 22.87% | 19.65% | 3.13% | -9.58% | -5.08% |
Correlation
The correlation between SPYD and ISCMF is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022 | -0.02 |
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Return for Risk
SPYD vs. ISCMF — Risk / Return Rank
SPYD
ISCMF
SPYD vs. ISCMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) 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.
| SPYD | ISCMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 2.53 | -1.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 6.69 | -4.05 |
| Martin ratioReturn relative to average drawdown | 7.67 | 15.54 | -7.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPYD | ISCMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | 2.05 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.45 | +0.02 |
Drawdowns
SPYD vs. ISCMF - Drawdown Comparison
The maximum SPYD drawdown since its inception was -46.42%, which is greater than ISCMF's maximum drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for SPYD and ISCMF.
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Drawdown Indicators
| SPYD | ISCMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.42% | -25.42% | -21.00% |
Max Drawdown (1Y)Largest decline over 1 year | -7.05% | -5.69% | -1.36% |
Max Drawdown (3Y)Largest decline over 3 years | -16.13% | -7.62% | -8.51% |
Max Drawdown (5Y)Largest decline over 5 years | -22.25% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -46.42% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -5.26% | +5.26% |
Average DrawdownAverage peak-to-trough decline | -6.17% | -13.42% | +7.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 2.44% | -0.02% |
Volatility
SPYD vs. ISCMF - Volatility Comparison
The current volatility for State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) is 2.70%, while iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a volatility of 7.14%. This indicates that SPYD 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
| SPYD | ISCMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 7.14% | -4.44% |
Volatility (6M)Calculated over the trailing 6-month period | 7.73% | 15.90% | -8.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.67% | 18.53% | -6.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.14% | 14.37% | +1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.78% | 14.37% | +5.41% |
SPYD vs. ISCMF - Expense Ratio Comparison
SPYD has a 0.07% expense ratio, which is lower than ISCMF's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPYD vs. ISCMF - Dividend Comparison
SPYD's dividend yield for the trailing twelve months is around 4.16%, while ISCMF has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISCMF iShares Diversified Commodity Swap UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF | 4.16% | 4.52% | 4.31% | 4.66% | 5.01% | 3.68% | 4.95% | 4.42% | 4.75% | 4.63% | 4.34% | 1.13% |
Frequently Asked Questions
SPYD and ISCMF have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISCMF has higher volatility (7.14%) compared to SPYD (2.70%). In terms of maximum drawdown, SPYD dropped -46.42% vs ISCMF's -25.42%.
On 3-year performance, ISCMF leads with 15.20% vs 14.97% for SPYD. On fees, SPYD is cheaper at 0.07% per year. On volatility, SPYD has been the lower-risk option at 2.70%. 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 15.20% return vs 14.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPYD is cheaper with a 0.07% expense ratio, compared with 0.19% for ISCMF.
SPYD has the higher dividend yield at 4.16%, compared with 0.00% for ISCMF.
SPYD is categorized as S&P 500, while ISCMF is Commodities. SPYD tracks S&P 500 High Dividend Index, while ISCMF tracks Bloomberg Commodity Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.07% for SPYD and 0.19% for ISCMF.
ISCMF currently has the higher Sharpe Ratio (2.05 vs 1.60), 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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