TPOR vs. ISCMF
TPOR (Direxion Daily Transportation Bull 3X Shares) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - TPOR is a Leveraged Equities fund tracking the Dow Jones Transportation Average Index (300%), while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. Both are passively managed. Over the past 3 years, TPOR returned 13.97%/yr vs 16.78%/yr for ISCMF. At a correlation of -0.03, they often move in opposite directions. TPOR charges 1.01%/yr vs 0.19%/yr for ISCMF.
Performance
TPOR vs. ISCMF - Performance Comparison
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Returns By Period
In the year-to-date period, TPOR achieves a 28.21% return, which is significantly higher than ISCMF's 22.87% return.
TPOR
- 1D
- -2.19%
- 1M
- 7.81%
- YTD
- 28.21%
- 6M
- 23.96%
- 1Y
- 67.02%
- 3Y*
- 13.97%
- 5Y*
- -0.87%
- 10Y*
- —
ISCMF
- 1D
- 0.00%
- 1M
- -4.99%
- YTD
- 22.87%
- 6M
- 22.87%
- 1Y
- 31.30%
- 3Y*
- 16.78%
- 5Y*
- —
- 10Y*
- —
TPOR vs. ISCMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TPOR Direxion Daily Transportation Bull 3X Shares | 28.21% | 3.26% | -9.12% | 54.60% | -56.22% |
ISCMF iShares Diversified Commodity Swap UCITS ETF | 22.87% | 19.65% | 3.13% | -9.58% | -5.82% |
Correlation
The correlation between TPOR 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 (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | -0.03 |
The correlation between TPOR and ISCMF shifts across timeframes, from -0.12 (1 year) to 0.01 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
TPOR vs. ISCMF — Risk / Return Rank
TPOR
ISCMF
TPOR vs. ISCMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Transportation Bull 3X Shares (TPOR) 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.
| TPOR | ISCMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 2.31 | -1.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 5.53 | -3.55 |
| Martin ratioReturn relative to average drawdown | 5.63 | 11.85 | -6.22 |
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Drawdowns
TPOR vs. ISCMF - Drawdown Comparison
The maximum TPOR drawdown since its inception was -87.59%, which is greater than ISCMF's maximum drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for TPOR and ISCMF.
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Drawdown Indicators
| TPOR | ISCMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.59% | -25.42% | -62.17% |
Max Drawdown (1Y)Largest decline over 1 year | -34.00% | -5.69% | -28.31% |
Max Drawdown (3Y)Largest decline over 3 years | -64.11% | -7.62% | -56.49% |
Max Drawdown (5Y)Largest decline over 5 years | -74.08% | — | — |
Current DrawdownCurrent decline from peak | -31.66% | -5.26% | -26.40% |
Average DrawdownAverage peak-to-trough decline | -38.63% | -13.35% | -25.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.94% | 2.65% | +9.29% |
Volatility
TPOR vs. ISCMF - Volatility Comparison
Direxion Daily Transportation Bull 3X Shares (TPOR) has a higher volatility of 20.81% compared to iShares Diversified Commodity Swap UCITS ETF (ISCMF) at 5.11%. This indicates that TPOR's price experiences larger fluctuations and is considered to be riskier 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
| TPOR | ISCMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.81% | 5.11% | +15.70% |
Volatility (6M)Calculated over the trailing 6-month period | 47.27% | 15.45% | +31.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.65% | 17.84% | +42.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.03% | 14.29% | +53.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.97% | 14.29% | +56.68% |
TPOR vs. ISCMF - Expense Ratio Comparison
TPOR has a 1.01% expense ratio, which is higher than ISCMF's 0.19% expense ratio.
Dividends
TPOR vs. ISCMF - Dividend Comparison
TPOR's dividend yield for the trailing twelve months is around 0.71%, while ISCMF has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
TPOR Direxion Daily Transportation Bull 3X Shares | 0.71% | 0.91% | 1.43% | 1.51% | 0.00% | 0.00% | 0.10% | 0.96% | 1.22% | 8.70% |
Frequently Asked Questions
TPOR 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.
TPOR has higher volatility (20.81%) compared to ISCMF (5.11%). In terms of maximum drawdown, TPOR dropped -87.59% vs ISCMF's -25.42%.
On 3-year performance, ISCMF leads with 16.78% vs 13.97% for TPOR. On fees, ISCMF is cheaper at 0.19% per year. On volatility, ISCMF has been the lower-risk option at 5.11%. 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 13.97%. 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 1.01% for TPOR.
TPOR has the higher dividend yield at 0.71%, compared with 0.00% for ISCMF.
TPOR is categorized as Leveraged Equities, while ISCMF is Commodities. TPOR tracks Dow Jones Transportation Average Index (300%), while ISCMF tracks Bloomberg Commodity Index. They also come from different issuers: Direxion and iShares. Their fees differ too: 1.01% for TPOR and 0.19% for ISCMF.
ISCMF currently has the higher Sharpe Ratio (1.76 vs 1.11), 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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