TEQI vs. ISCMF

Last updated Jun 24, 2026

TEQI (T. Rowe Price Equity Income ETF) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - TEQI is a Large Cap Value Equities fund actively managed by T. Rowe Price, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. TEQI is actively managed, while ISCMF is passively managed. Over the past 3 years, TEQI returned 16.43%/yr vs 16.78%/yr for ISCMF. At a correlation of -0.02, they often move in opposite directions. TEQI charges 0.54%/yr vs 0.19%/yr for ISCMF.

Performance

TEQI vs. ISCMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Equity Income ETF (TEQI) 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, TEQI achieves a 11.50% return, which is significantly lower than ISCMF's 22.87% return.

TEQI

• 1D: -0.29%
• 1M: 0.58%
• YTD: 11.50%
• 6M: 10.99%
• 1Y: 21.34%
• 3Y*: 16.43%
• 5Y*: 10.07%
• 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)

TEQI vs. ISCMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TEQI T. Rowe Price Equity Income ETF	11.50%	13.36%	13.14%	9.64%	-4.11%
ISCMF iShares Diversified Commodity Swap UCITS ETF	22.87%	19.65%	3.13%	-9.58%	-5.82%

Correlation

The correlation between TEQI and ISCMF is -0.04, 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	-0.04
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	-0.02

Return for Risk

TEQI vs. ISCMF — Risk / Return Rank

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

TEQI

TEQI Risk / Return Rank: 65
TEQI Sharpe Ratio Rank: 66
TEQI Sortino Ratio Rank: 68
TEQI Omega Ratio Rank: 63
TEQI Calmar Ratio Rank: 64
TEQI Martin Ratio Rank: 63

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.

TEQI vs. ISCMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Equity Income ETF (TEQI) 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.

	TEQI	ISCMF	Difference
Sharpe ratio: Return per unit of total volatility	2.00	1.76	+0.24
Sortino ratio: Return per unit of downside risk	2.86	3.18	-0.33
Omega ratio: Gain probability vs. loss probability	1.35	2.31	-0.96
Calmar ratio: Return relative to maximum drawdown	2.96	5.53	-2.57
Martin ratio: Return relative to average drawdown	10.57	11.85	-1.28

TEQI vs. ISCMF - Sharpe Ratio Comparison

The current TEQI Sharpe Ratio is 2.00, which is comparable to the ISCMF Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of TEQI 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

TEQI vs. ISCMF - Drawdown Comparison

The maximum TEQI drawdown since its inception was -17.82%, smaller than the maximum ISCMF drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for TEQI and ISCMF.

Drawdown Indicators

	TEQI	ISCMF	Difference
Max Drawdown Largest peak-to-trough decline	-17.82%	-25.42%	+7.60%
Max Drawdown (1Y) Largest decline over 1 year	-7.23%	-5.69%	-1.54%
Max Drawdown (3Y) Largest decline over 3 years	-14.85%	-7.62%	-7.23%
Max Drawdown (5Y) Largest decline over 5 years	-17.82%	—	—
Current Drawdown Current decline from peak	-0.98%	-5.26%	+4.28%
Average Drawdown Average peak-to-trough decline	-3.50%	-13.35%	+9.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	2.65%	-0.63%

Volatility

TEQI vs. ISCMF - Volatility Comparison

The current volatility for T. Rowe Price Equity Income ETF (TEQI) is 3.41%, while iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a volatility of 5.11%. This indicates that TEQI 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

	TEQI	ISCMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.41%	5.11%	-1.70%
Volatility (6M) Calculated over the trailing 6-month period	7.88%	15.45%	-7.57%
Volatility (1Y) Calculated over the trailing 1-year period	10.71%	17.84%	-7.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.59%	14.29%	+0.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.10%	14.29%	+0.81%

TEQI vs. ISCMF - Expense Ratio Comparison

TEQI has a 0.54% expense ratio, which is higher than ISCMF's 0.19% expense ratio.

Dividends

TEQI vs. ISCMF - Dividend Comparison

TEQI's dividend yield for the trailing twelve months is around 1.53%, 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%
TEQI T. Rowe Price Equity Income ETF	1.53%	1.71%	1.86%	2.12%	2.32%	3.03%	0.82%

Frequently Asked Questions

Can I hold both TEQI and ISCMF in my portfolio?

TEQI and ISCMF have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TEQI or ISCMF?

ISCMF has higher volatility (5.11%) compared to TEQI (3.41%). In terms of maximum drawdown, TEQI dropped -17.82% vs ISCMF's -25.42%.

Which ETF is better, TEQI or ISCMF?

On 3-year performance, ISCMF leads with 16.78% vs 16.43% for TEQI. On fees, ISCMF is cheaper at 0.19% per year. On volatility, TEQI has been the lower-risk option at 3.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TEQI or ISCMF?

Over the 3-year period, ISCMF has performed better with a 16.78% return vs 16.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TEQI or ISCMF?

ISCMF is cheaper with a 0.19% expense ratio, compared with 0.54% for TEQI.

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

TEQI has the higher dividend yield at 1.53%, compared with 0.00% for ISCMF.

What is the main difference between TEQI and ISCMF?

TEQI is categorized as Large Cap Value Equities, while ISCMF is Commodities. They also come from different issuers: T. Rowe Price and iShares. Their fees differ too: 0.54% for TEQI and 0.19% for ISCMF.

Which has better risk-adjusted returns?

TEQI currently has the higher Sharpe Ratio (2.00 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.