UJUN vs. ISCMF
UJUN (Innovator U.S. Equity Ultra Buffer ETF - June) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - UJUN is a Large Cap Blend Equities fund tracking the Cboe S&P 500 30% (-5% to -35%) Buffer Protect June Series Index, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. Both are passively managed. Over the past 3 years, UJUN returned 10.71%/yr vs 16.78%/yr for ISCMF. At a correlation of -0.04, they often move in opposite directions. UJUN charges 0.79%/yr vs 0.19%/yr for ISCMF.
Performance
UJUN vs. ISCMF - Performance Comparison
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Returns By Period
In the year-to-date period, UJUN achieves a 2.66% return, which is significantly lower than ISCMF's 22.87% return.
UJUN
- 1D
- -0.16%
- 1M
- -0.54%
- YTD
- 2.66%
- 6M
- 2.81%
- 1Y
- 9.74%
- 3Y*
- 10.71%
- 5Y*
- 6.12%
- 10Y*
- —
ISCMF
- 1D
- 0.00%
- 1M
- -4.99%
- YTD
- 22.87%
- 6M
- 22.87%
- 1Y
- 31.30%
- 3Y*
- 16.78%
- 5Y*
- —
- 10Y*
- —
UJUN vs. ISCMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UJUN Innovator U.S. Equity Ultra Buffer ETF - June | 2.66% | 10.63% | 12.49% | 12.17% | -7.16% |
ISCMF iShares Diversified Commodity Swap UCITS ETF | 22.87% | 19.65% | 3.13% | -9.58% | -5.82% |
Correlation
The correlation between UJUN and ISCMF is -0.05, 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 | -0.05 |
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 | -0.04 |
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Return for Risk
UJUN vs. ISCMF — Risk / Return Rank
UJUN
ISCMF
UJUN vs. ISCMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Ultra Buffer ETF - June (UJUN) 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.
| UJUN | ISCMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 2.31 | -0.82 |
| Calmar ratioReturn relative to maximum drawdown | 3.45 | 5.53 | -2.08 |
| Martin ratioReturn relative to average drawdown | 18.38 | 11.95 | +6.44 |
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Drawdowns
UJUN vs. ISCMF - Drawdown Comparison
The maximum UJUN drawdown since its inception was -13.73%, smaller than the maximum ISCMF drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for UJUN and ISCMF.
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Drawdown Indicators
| UJUN | ISCMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.73% | -25.42% | +11.69% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | -5.69% | +2.85% |
Max Drawdown (3Y)Largest decline over 3 years | -11.24% | -7.62% | -3.62% |
Max Drawdown (5Y)Largest decline over 5 years | -11.96% | — | — |
Current DrawdownCurrent decline from peak | -0.93% | -5.26% | +4.33% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -13.36% | +11.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 2.63% | -2.10% |
Volatility
UJUN vs. ISCMF - Volatility Comparison
The current volatility for Innovator U.S. Equity Ultra Buffer ETF - June (UJUN) is 2.14%, while iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a volatility of 5.11%. This indicates that UJUN 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.
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Volatility by Period
| UJUN | ISCMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.14% | 5.11% | -2.97% |
Volatility (6M)Calculated over the trailing 6-month period | 3.83% | 15.45% | -11.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.55% | 17.87% | -13.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.37% | 14.29% | -5.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.77% | 14.29% | -5.52% |
UJUN vs. ISCMF - Expense Ratio Comparison
UJUN has a 0.79% expense ratio, which is higher than ISCMF's 0.19% expense ratio.
Dividends
UJUN vs. ISCMF - Dividend Comparison
Neither UJUN nor ISCMF has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
ISCMF iShares Diversified Commodity Swap UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UJUN Innovator U.S. Equity Ultra Buffer ETF - June | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.89% |
Frequently Asked Questions
UJUN and ISCMF have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISCMF has higher volatility (5.11%) compared to UJUN (2.14%). In terms of maximum drawdown, UJUN dropped -13.73% vs ISCMF's -25.42%.
On 3-year performance, ISCMF leads with 16.78% vs 10.71% for UJUN. On fees, ISCMF is cheaper at 0.19% per year. On volatility, UJUN has been the lower-risk option at 2.14%. 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 10.71%. 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 0.79% for UJUN.
UJUN and ISCMF have nearly identical dividend yields, around 0.00%.
UJUN is categorized as Large Cap Blend Equities, while ISCMF is Commodities. UJUN tracks Cboe S&P 500 30% (-5% to -35%) Buffer Protect June Series Index, while ISCMF tracks Bloomberg Commodity Index. They also come from different issuers: Innovator and iShares. Their fees differ too: 0.79% for UJUN and 0.19% for ISCMF.
UJUN currently has the higher Sharpe Ratio (2.15 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.
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