UDI vs. ISCMF

Last updated Jun 23, 2026

UDI (USCF ESG Dividend Income Fund) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - UDI is a Large Cap Value Equities fund actively managed by USCF Advisers, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. UDI is actively managed, while ISCMF is passively managed. Over the past 3 years, UDI returned 16.92%/yr vs 16.78%/yr for ISCMF. At a correlation of -0.02, they often move in opposite directions. UDI charges 0.65%/yr vs 0.19%/yr for ISCMF.

Performance

UDI vs. ISCMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USCF ESG Dividend Income Fund (UDI) 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, UDI achieves a 11.29% return, which is significantly lower than ISCMF's 22.87% return.

UDI

• 1D: 0.99%
• 1M: 0.69%
• YTD: 11.29%
• 6M: 10.89%
• 1Y: 23.88%
• 3Y*: 16.92%
• 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)

UDI vs. ISCMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
UDI USCF ESG Dividend Income Fund	11.29%	14.23%	17.07%	6.35%	3.14%
ISCMF iShares Diversified Commodity Swap UCITS ETF	22.87%	19.65%	3.13%	-9.58%	-13.37%

Correlation

The correlation between UDI 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 Jun 8, 2022	-0.02

Return for Risk

UDI vs. ISCMF — Risk / Return Rank

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

UDI

UDI Risk / Return Rank: 78
UDI Sharpe Ratio Rank: 76
UDI Sortino Ratio Rank: 78
UDI Omega Ratio Rank: 71
UDI Calmar Ratio Rank: 83
UDI Martin Ratio Rank: 82

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.

UDI vs. ISCMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USCF ESG Dividend Income Fund (UDI) 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.

	UDI	ISCMF	Difference
Sharpe ratio: Return per unit of total volatility	2.34	1.76	+0.57
Sortino ratio: Return per unit of downside risk	3.33	3.18	+0.15
Omega ratio: Gain probability vs. loss probability	1.40	2.31	-0.91
Calmar ratio: Return relative to maximum drawdown	4.24	5.53	-1.29
Martin ratio: Return relative to average drawdown	16.04	11.95	+4.09

UDI vs. ISCMF - Sharpe Ratio Comparison

The current UDI Sharpe Ratio is 2.34, which is higher than the ISCMF Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of UDI 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

UDI vs. ISCMF - Drawdown Comparison

The maximum UDI drawdown since its inception was -14.17%, smaller than the maximum ISCMF drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for UDI and ISCMF.

Drawdown Indicators

	UDI	ISCMF	Difference
Max Drawdown Largest peak-to-trough decline	-14.17%	-25.42%	+11.25%
Max Drawdown (1Y) Largest decline over 1 year	-5.66%	-5.69%	+0.03%
Max Drawdown (3Y) Largest decline over 3 years	-14.17%	-7.62%	-6.55%
Current Drawdown Current decline from peak	-1.65%	-5.26%	+3.61%
Average Drawdown Average peak-to-trough decline	-3.07%	-13.36%	+10.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.49%	2.63%	-1.14%

Volatility

UDI vs. ISCMF - Volatility Comparison

The current volatility for USCF ESG Dividend Income Fund (UDI) is 3.33%, while iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a volatility of 5.11%. This indicates that UDI 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

	UDI	ISCMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.33%	5.11%	-1.78%
Volatility (6M) Calculated over the trailing 6-month period	7.17%	15.45%	-8.28%
Volatility (1Y) Calculated over the trailing 1-year period	10.29%	17.87%	-7.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.02%	14.29%	-0.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.02%	14.29%	-0.27%

UDI vs. ISCMF - Expense Ratio Comparison

UDI has a 0.65% expense ratio, which is higher than ISCMF's 0.19% expense ratio.

Dividends

UDI vs. ISCMF - Dividend Comparison

UDI's dividend yield for the trailing twelve months is around 2.45%, 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%
UDI USCF ESG Dividend Income Fund	2.45%	2.42%	5.33%	2.61%	1.79%

Frequently Asked Questions

Can I hold both UDI and ISCMF in my portfolio?

UDI 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, UDI or ISCMF?

ISCMF has higher volatility (5.11%) compared to UDI (3.33%). In terms of maximum drawdown, UDI dropped -14.17% vs ISCMF's -25.42%.

Which ETF is better, UDI or ISCMF?

On 3-year performance, UDI leads with 16.92% vs 16.78% for ISCMF. On fees, ISCMF is cheaper at 0.19% per year. On volatility, UDI has been the lower-risk option at 3.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UDI or ISCMF?

Over the 3-year period, UDI has performed better with a 16.92% return vs 16.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UDI or ISCMF?

ISCMF is cheaper with a 0.19% expense ratio, compared with 0.65% for UDI.

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

UDI has the higher dividend yield at 2.45%, compared with 0.00% for ISCMF.

What is the main difference between UDI and ISCMF?

UDI is categorized as Large Cap Value Equities, while ISCMF is Commodities. They also come from different issuers: USCF Advisers and iShares. Their fees differ too: 0.65% for UDI and 0.19% for ISCMF.

Which has better risk-adjusted returns?

UDI currently has the higher Sharpe Ratio (2.34 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.