TDEC vs. ISCMF

Last updated Jun 23, 2026

TDEC (FT Vest Emerging Markets Buffer ETF - December) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - TDEC is a Defined Outcome fund tracking the MSCI Emerging Markets, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. Both are passively managed. Over the past year, TDEC returned 23.62% vs 31.30% for ISCMF. At a correlation of -0.07, they often move in opposite directions. TDEC charges 0.95%/yr vs 0.19%/yr for ISCMF.

Performance

TDEC vs. ISCMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Emerging Markets Buffer ETF - December (TDEC) 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, TDEC achieves a 10.01% return, which is significantly lower than ISCMF's 22.87% return.

TDEC

• 1D: 0.22%
• 1M: 2.09%
• YTD: 10.01%
• 6M: 11.45%
• 1Y: 23.62%
• 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)

TDEC vs. ISCMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TDEC FT Vest Emerging Markets Buffer ETF - December	10.01%	21.39%	-0.75%
ISCMF iShares Diversified Commodity Swap UCITS ETF	22.87%	19.65%	0.00%

Correlation

The correlation between TDEC and ISCMF is -0.12, 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	-0.12
Correlation (All Time) Calculated using the full available price history since Dec 23, 2024	-0.07

Return for Risk

TDEC vs. ISCMF — Risk / Return Rank

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

TDEC

TDEC Risk / Return Rank: 73
TDEC Sharpe Ratio Rank: 73
TDEC Sortino Ratio Rank: 73
TDEC Omega Ratio Rank: 87
TDEC Calmar Ratio Rank: 61
TDEC Martin Ratio Rank: 70

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.

TDEC vs. ISCMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Emerging Markets Buffer ETF - December (TDEC) 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.

	TDEC	ISCMF	Difference
Sharpe ratio: Return per unit of total volatility	2.27	1.76	+0.50
Sortino ratio: Return per unit of downside risk	3.13	3.18	-0.05
Omega ratio: Gain probability vs. loss probability	1.51	2.31	-0.80
Calmar ratio: Return relative to maximum drawdown	2.91	5.53	-2.62
Martin ratio: Return relative to average drawdown	12.58	11.95	+0.64

TDEC vs. ISCMF - Sharpe Ratio Comparison

The current TDEC Sharpe Ratio is 2.27, which is comparable to the ISCMF Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of TDEC 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

TDEC vs. ISCMF - Drawdown Comparison

The maximum TDEC drawdown since its inception was -10.30%, smaller than the maximum ISCMF drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for TDEC and ISCMF.

Drawdown Indicators

	TDEC	ISCMF	Difference
Max Drawdown Largest peak-to-trough decline	-10.30%	-25.42%	+15.12%
Max Drawdown (1Y) Largest decline over 1 year	-8.16%	-5.69%	-2.47%
Max Drawdown (3Y) Largest decline over 3 years	—	-7.62%	—
Current Drawdown Current decline from peak	0.00%	-5.26%	+5.26%
Average Drawdown Average peak-to-trough decline	-1.04%	-13.36%	+12.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	2.63%	-0.75%

Volatility

TDEC vs. ISCMF - Volatility Comparison

The current volatility for FT Vest Emerging Markets Buffer ETF - December (TDEC) is 3.93%, while iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a volatility of 5.11%. This indicates that TDEC 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

	TDEC	ISCMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.93%	5.11%	-1.18%
Volatility (6M) Calculated over the trailing 6-month period	9.72%	15.45%	-5.73%
Volatility (1Y) Calculated over the trailing 1-year period	10.50%	17.87%	-7.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.91%	14.29%	-2.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.91%	14.29%	-2.38%

TDEC vs. ISCMF - Expense Ratio Comparison

TDEC has a 0.95% expense ratio, which is higher than ISCMF's 0.19% expense ratio.

Dividends

TDEC vs. ISCMF - Dividend Comparison

Neither TDEC nor ISCMF has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TDEC and ISCMF in my portfolio?

TDEC and ISCMF have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TDEC or ISCMF?

ISCMF has higher volatility (5.11%) compared to TDEC (3.93%). In terms of maximum drawdown, TDEC dropped -10.30% vs ISCMF's -25.42%.

Which ETF is better, TDEC or ISCMF?

On 1-year performance, ISCMF leads with 31.30% vs 23.62% for TDEC. On fees, ISCMF is cheaper at 0.19% per year. On volatility, TDEC has been the lower-risk option at 3.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TDEC or ISCMF?

Over the 1-year period, ISCMF has performed better with a 31.30% return vs 23.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TDEC or ISCMF?

ISCMF is cheaper with a 0.19% expense ratio, compared with 0.95% for TDEC.

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

TDEC and ISCMF have nearly identical dividend yields, around 0.00%.

What is the main difference between TDEC and ISCMF?

TDEC is categorized as Defined Outcome, while ISCMF is Commodities. TDEC tracks MSCI Emerging Markets, while ISCMF tracks Bloomberg Commodity Index. They also come from different issuers: FT Vest and iShares. Their fees differ too: 0.95% for TDEC and 0.19% for ISCMF.

Which has better risk-adjusted returns?

TDEC currently has the higher Sharpe Ratio (2.27 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.