THLV vs. ISCMF

Last updated Jun 23, 2026

THLV (THOR Equal Weight Low Volatility ETF) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - THLV is a Large Cap Blend Equities fund tracking the THOR Equal Weight Low Volatility Index, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. Both are passively managed. Over the past 3 years, THLV returned 12.44%/yr vs 16.78%/yr for ISCMF. At a correlation of -0.01, they often move in opposite directions. THLV charges 0.64%/yr vs 0.19%/yr for ISCMF.

Performance

THLV vs. ISCMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in THOR Equal Weight Low Volatility ETF (THLV) 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, THLV achieves a 11.11% return, which is significantly lower than ISCMF's 22.87% return.

THLV

• 1D: 0.15%
• 1M: 2.06%
• YTD: 11.11%
• 6M: 10.60%
• 1Y: 20.29%
• 3Y*: 12.44%
• 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)

THLV vs. ISCMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
THLV THOR Equal Weight Low Volatility ETF	11.11%	10.50%	9.52%	5.88%	1.22%
ISCMF iShares Diversified Commodity Swap UCITS ETF	22.87%	19.65%	3.13%	-9.58%	-2.34%

Correlation

The correlation between THLV and ISCMF is -0.01, 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	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.00
Correlation (All Time) Calculated using the full available price history since Sep 13, 2022	-0.01

Return for Risk

THLV vs. ISCMF — Risk / Return Rank

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

THLV

THLV Risk / Return Rank: 60
THLV Sharpe Ratio Rank: 61
THLV Sortino Ratio Rank: 62
THLV Omega Ratio Rank: 59
THLV Calmar Ratio Rank: 64
THLV Martin Ratio Rank: 54

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.

THLV vs. ISCMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for THOR Equal Weight Low Volatility ETF (THLV) 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.

	THLV	ISCMF	Difference
Sharpe ratio: Return per unit of total volatility	1.99	1.76	+0.22
Sortino ratio: Return per unit of downside risk	2.79	3.18	-0.40
Omega ratio: Gain probability vs. loss probability	1.35	2.31	-0.96
Calmar ratio: Return relative to maximum drawdown	3.06	5.53	-2.47
Martin ratio: Return relative to average drawdown	9.11	11.95	-2.84

THLV vs. ISCMF - Sharpe Ratio Comparison

The current THLV Sharpe Ratio is 1.99, which is comparable to the ISCMF Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of THLV 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

THLV vs. ISCMF - Drawdown Comparison

The maximum THLV drawdown since its inception was -13.15%, smaller than the maximum ISCMF drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for THLV and ISCMF.

Drawdown Indicators

	THLV	ISCMF	Difference
Max Drawdown Largest peak-to-trough decline	-13.15%	-25.42%	+12.27%
Max Drawdown (1Y) Largest decline over 1 year	-6.66%	-5.69%	-0.97%
Max Drawdown (3Y) Largest decline over 3 years	-13.15%	-7.62%	-5.53%
Current Drawdown Current decline from peak	-0.54%	-5.26%	+4.72%
Average Drawdown Average peak-to-trough decline	-3.74%	-13.36%	+9.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	2.63%	-0.40%

Volatility

THLV vs. ISCMF - Volatility Comparison

The current volatility for THOR Equal Weight Low Volatility ETF (THLV) is 3.86%, while iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a volatility of 5.11%. This indicates that THLV 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

	THLV	ISCMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.86%	5.11%	-1.25%
Volatility (6M) Calculated over the trailing 6-month period	7.98%	15.45%	-7.47%
Volatility (1Y) Calculated over the trailing 1-year period	10.27%	17.87%	-7.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.81%	14.29%	-2.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.81%	14.29%	-2.48%

THLV vs. ISCMF - Expense Ratio Comparison

THLV has a 0.64% expense ratio, which is higher than ISCMF's 0.19% expense ratio.

Dividends

THLV vs. ISCMF - Dividend Comparison

THLV's dividend yield for the trailing twelve months is around 1.60%, while ISCMF has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
ISCMF iShares Diversified Commodity Swap UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%
THLV THOR Equal Weight Low Volatility ETF	1.60%	1.77%	1.25%	2.72%	0.62%

Frequently Asked Questions

Can I hold both THLV and ISCMF in my portfolio?

THLV and ISCMF have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, THLV or ISCMF?

ISCMF has higher volatility (5.11%) compared to THLV (3.86%). In terms of maximum drawdown, THLV dropped -13.15% vs ISCMF's -25.42%.

Which ETF is better, THLV or ISCMF?

On 3-year performance, ISCMF leads with 16.78% vs 12.44% for THLV. On fees, ISCMF is cheaper at 0.19% per year. On volatility, THLV has been the lower-risk option at 3.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, THLV or ISCMF?

Over the 3-year period, ISCMF has performed better with a 16.78% return vs 12.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, THLV or ISCMF?

ISCMF is cheaper with a 0.19% expense ratio, compared with 0.64% for THLV.

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

THLV has the higher dividend yield at 1.60%, compared with 0.00% for ISCMF.

What is the main difference between THLV and ISCMF?

THLV is categorized as Large Cap Blend Equities, while ISCMF is Commodities. THLV tracks THOR Equal Weight Low Volatility Index, while ISCMF tracks Bloomberg Commodity Index. They also come from different issuers: THOR and iShares. Their fees differ too: 0.64% for THLV and 0.19% for ISCMF.

Which has better risk-adjusted returns?

THLV currently has the higher Sharpe Ratio (1.99 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.