VNQ vs. ISCMF
VNQ (Vanguard Real Estate ETF) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - VNQ is a REIT fund tracking the MSCI US Investable Market Real Estate 25/50 Index, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. Both are passively managed. Over the past 3 years, VNQ returned 10.81%/yr vs 16.78%/yr for ISCMF. At a correlation of -0.02, they often move in opposite directions. VNQ charges 0.13%/yr vs 0.19%/yr for ISCMF.
Performance
VNQ vs. ISCMF - Performance Comparison
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Returns By Period
In the year-to-date period, VNQ achieves a 10.32% return, which is significantly lower than ISCMF's 22.87% return.
VNQ
- 1D
- 1.08%
- 1M
- -0.19%
- YTD
- 10.32%
- 6M
- 10.63%
- 1Y
- 11.80%
- 3Y*
- 10.81%
- 5Y*
- 2.52%
- 10Y*
- 5.31%
ISCMF
- 1D
- 0.00%
- 1M
- -4.99%
- YTD
- 22.87%
- 6M
- 22.87%
- 1Y
- 31.30%
- 3Y*
- 16.78%
- 5Y*
- —
- 10Y*
- —
VNQ vs. ISCMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VNQ Vanguard Real Estate ETF | 10.32% | 3.24% | 4.81% | 11.85% | -18.35% |
ISCMF iShares Diversified Commodity Swap UCITS ETF | 22.87% | 19.65% | 3.13% | -9.58% | -5.82% |
Correlation
The correlation between VNQ and ISCMF is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | -0.02 |
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Return for Risk
VNQ vs. ISCMF — Risk / Return Rank
VNQ
ISCMF
VNQ vs. ISCMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Real Estate ETF (VNQ) 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.
| VNQ | ISCMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 2.31 | -1.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 5.53 | -4.11 |
| Martin ratioReturn relative to average drawdown | 4.45 | 11.95 | -7.50 |
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Drawdowns
VNQ vs. ISCMF - Drawdown Comparison
The maximum VNQ drawdown since its inception was -73.07%, which is greater than ISCMF's maximum drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for VNQ and ISCMF.
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Drawdown Indicators
| VNQ | ISCMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.07% | -25.42% | -47.65% |
Max Drawdown (1Y)Largest decline over 1 year | -8.34% | -5.69% | -2.65% |
Max Drawdown (3Y)Largest decline over 3 years | -17.46% | -7.62% | -9.84% |
Max Drawdown (5Y)Largest decline over 5 years | -34.48% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.40% | — | — |
Current DrawdownCurrent decline from peak | -1.95% | -5.26% | +3.31% |
Average DrawdownAverage peak-to-trough decline | -13.60% | -13.36% | -0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 2.63% | +0.03% |
Volatility
VNQ vs. ISCMF - Volatility Comparison
Vanguard Real Estate ETF (VNQ) and iShares Diversified Commodity Swap UCITS ETF (ISCMF) have volatilities of 5.03% and 5.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VNQ | ISCMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.03% | 5.11% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 10.15% | 15.45% | -5.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.81% | 17.87% | -4.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.85% | 14.29% | +4.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.75% | 14.29% | +6.46% |
VNQ vs. ISCMF - Expense Ratio Comparison
VNQ has a 0.13% expense ratio, which is lower than ISCMF's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VNQ vs. ISCMF - Dividend Comparison
VNQ's dividend yield for the trailing twelve months is around 3.61%, while ISCMF has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
VNQ Vanguard Real Estate ETF | 3.61% | 3.92% | 3.85% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% |
Frequently Asked Questions
VNQ and ISCMF have a correlation of -0.06, 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 VNQ (5.03%). In terms of maximum drawdown, VNQ dropped -73.07% vs ISCMF's -25.42%.
On 3-year performance, ISCMF leads with 16.78% vs 10.81% for VNQ. On fees, VNQ is cheaper at 0.13% per year. Their volatility is very similar. 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 10.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VNQ is cheaper with a 0.13% expense ratio, compared with 0.19% for ISCMF.
VNQ has the higher dividend yield at 3.61%, compared with 0.00% for ISCMF.
VNQ is categorized as REIT, while ISCMF is Commodities. VNQ tracks MSCI US Investable Market Real Estate 25/50 Index, while ISCMF tracks Bloomberg Commodity Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.13% for VNQ and 0.19% for ISCMF.
ISCMF currently has the higher Sharpe Ratio (1.76 vs 0.86), 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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