TTOP vs. ISCMF

Last updated Jun 5, 2026

TTOP (21Shares FTSE Crypto 10 Index ETF) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - TTOP is a Cryptocurrency fund tracking the FTSE Crypto 10 Select Index, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. Both are passively managed. At a correlation of -0.12, they often move in opposite directions. TTOP charges 0.50%/yr vs 0.19%/yr for ISCMF.

Performance

TTOP vs. ISCMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21Shares FTSE Crypto 10 Index ETF (TTOP) 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, TTOP achieves a -29.56% return, which is significantly lower than ISCMF's 22.87% return.

TTOP

• 1D: -2.60%
• 1M: -21.01%
• YTD: -29.56%
• 6M: -34.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ISCMF

• 1D: 0.00%
• 1M: -0.67%
• YTD: 22.87%
• 6M: 22.87%
• 1Y: 37.85%
• 3Y*: 15.20%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TTOP vs. ISCMF - Yearly Performance Comparison

	2026 (YTD)	2025
TTOP 21Shares FTSE Crypto 10 Index ETF	-29.56%	-11.19%
ISCMF iShares Diversified Commodity Swap UCITS ETF	22.87%	7.57%

Correlation

The correlation between TTOP 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 (All Time) Calculated using the full available price history since Nov 14, 2025	-0.12

Return for Risk

TTOP vs. ISCMF — Risk / Return Rank

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

ISCMF

ISCMF Risk / Return Rank: 84
ISCMF Sharpe Ratio Rank: 62
ISCMF Sortino Ratio Rank: 85
ISCMF Omega Ratio Rank: 99
ISCMF Calmar Ratio Rank: 93
ISCMF Martin Ratio Rank: 80

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.

TTOP vs. ISCMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares FTSE Crypto 10 Index ETF (TTOP) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TTOP	ISCMF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.11	0.45	-1.56

Drawdowns

TTOP vs. ISCMF - Drawdown Comparison

The maximum TTOP drawdown since its inception was -37.44%, which is greater than ISCMF's maximum drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for TTOP and ISCMF.

Drawdown Indicators

	TTOP	ISCMF	Difference
Max Drawdown Largest peak-to-trough decline	-37.44%	-25.42%	-12.02%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.69%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-7.62%	—
Current Drawdown Current decline from peak	-37.44%	-5.26%	-32.18%
Average Drawdown Average peak-to-trough decline	-20.78%	-13.42%	-7.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.44%	—

Volatility

Volatility by Period

	TTOP	ISCMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.90%	—
Volatility (1Y) Calculated over the trailing 1-year period	52.11%	18.53%	+33.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.11%	14.37%	+37.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.11%	14.37%	+37.74%

TTOP vs. ISCMF - Expense Ratio Comparison

TTOP has a 0.50% expense ratio, which is higher than ISCMF's 0.19% expense ratio.

Dividends

TTOP vs. ISCMF - Dividend Comparison

Neither TTOP nor ISCMF has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TTOP and ISCMF in my portfolio?

TTOP 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 ETF is better, TTOP or ISCMF?

On fees, ISCMF is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TTOP or ISCMF?

ISCMF is cheaper with a 0.19% expense ratio, compared with 0.50% for TTOP.

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

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

What is the main difference between TTOP and ISCMF?

TTOP is categorized as Cryptocurrency, while ISCMF is Commodities. TTOP tracks FTSE Crypto 10 Select Index, while ISCMF tracks Bloomberg Commodity Index. They also come from different issuers: 21Shares and iShares. Their fees differ too: 0.50% for TTOP and 0.19% for ISCMF.