WEEL vs. ISCMF

Last updated Jun 24, 2026

WEEL (Peerless Option Income Wheel ETF) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - WEEL is a Derivative Income fund actively managed by Peerless ETFs, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. WEEL is actively managed, while ISCMF is passively managed. Over the past year, WEEL returned 16.22% vs 31.30% for ISCMF. At a correlation of -0.03, they often move in opposite directions. WEEL charges 0.99%/yr vs 0.19%/yr for ISCMF.

Performance

WEEL vs. ISCMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Peerless Option Income Wheel ETF (WEEL) 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, WEEL achieves a 4.37% return, which is significantly lower than ISCMF's 22.87% return.

WEEL

• 1D: -0.05%
• 1M: -0.50%
• YTD: 4.37%
• 6M: 4.65%
• 1Y: 16.22%
• 3Y*: —
• 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)

WEEL vs. ISCMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WEEL Peerless Option Income Wheel ETF	4.37%	17.73%	3.10%
ISCMF iShares Diversified Commodity Swap UCITS ETF	22.87%	19.65%	-3.37%

Correlation

The correlation between WEEL and ISCMF is -0.10, 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	-0.10
Correlation (All Time) Calculated using the full available price history since May 16, 2024	-0.03

Return for Risk

WEEL vs. ISCMF — Risk / Return Rank

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

WEEL

WEEL Risk / Return Rank: 74
WEEL Sharpe Ratio Rank: 65
WEEL Sortino Ratio Rank: 72
WEEL Omega Ratio Rank: 72
WEEL Calmar Ratio Rank: 74
WEEL Martin Ratio Rank: 85

ISCMF

ISCMF Risk / Return Rank: 78
ISCMF Sharpe Ratio Rank: 56
ISCMF Sortino Ratio Rank: 77
ISCMF Omega Ratio Rank: 98
ISCMF Calmar Ratio Rank: 92
ISCMF Martin Ratio Rank: 69

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.

WEEL vs. ISCMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Peerless Option Income Wheel ETF (WEEL) 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.

	WEEL	ISCMF	Difference
Sharpe ratio: Return per unit of total volatility	1.98	1.76	+0.22
Sortino ratio: Return per unit of downside risk	2.99	3.18	-0.19
Omega ratio: Gain probability vs. loss probability	1.39	2.31	-0.92
Calmar ratio: Return relative to maximum drawdown	3.54	5.53	-1.99
Martin ratio: Return relative to average drawdown	16.45	11.85	+4.60

WEEL vs. ISCMF - Sharpe Ratio Comparison

The current WEEL Sharpe Ratio is 1.98, which is comparable to the ISCMF Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of WEEL 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

WEEL vs. ISCMF - Drawdown Comparison

The maximum WEEL drawdown since its inception was -17.45%, smaller than the maximum ISCMF drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for WEEL and ISCMF.

Drawdown Indicators

	WEEL	ISCMF	Difference
Max Drawdown Largest peak-to-trough decline	-17.45%	-25.42%	+7.97%
Max Drawdown (1Y) Largest decline over 1 year	-4.60%	-5.69%	+1.09%
Max Drawdown (3Y) Largest decline over 3 years	—	-7.62%	—
Current Drawdown Current decline from peak	-1.49%	-5.26%	+3.77%
Average Drawdown Average peak-to-trough decline	-1.44%	-13.35%	+11.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.99%	2.65%	-1.66%

Volatility

WEEL vs. ISCMF - Volatility Comparison

The current volatility for Peerless Option Income Wheel ETF (WEEL) is 2.94%, while iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a volatility of 5.11%. This indicates that WEEL 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

	WEEL	ISCMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.94%	5.11%	-2.17%
Volatility (6M) Calculated over the trailing 6-month period	6.39%	15.45%	-9.06%
Volatility (1Y) Calculated over the trailing 1-year period	8.23%	17.84%	-9.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.81%	14.29%	-1.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.81%	14.29%	-1.48%

WEEL vs. ISCMF - Expense Ratio Comparison

WEEL has a 0.99% expense ratio, which is higher than ISCMF's 0.19% expense ratio.

Dividends

WEEL vs. ISCMF - Dividend Comparison

WEEL's dividend yield for the trailing twelve months is around 12.56%, while ISCMF has not paid dividends to shareholders.

Position	TTM	2025	2024
ISCMF iShares Diversified Commodity Swap UCITS ETF	0.00%	0.00%	0.00%
WEEL Peerless Option Income Wheel ETF	12.56%	12.72%	6.88%

Frequently Asked Questions

Can I hold both WEEL and ISCMF in my portfolio?

WEEL and ISCMF have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WEEL or ISCMF?

ISCMF has higher volatility (5.11%) compared to WEEL (2.94%). In terms of maximum drawdown, WEEL dropped -17.45% vs ISCMF's -25.42%.

Which ETF is better, WEEL or ISCMF?

On 1-year performance, ISCMF leads with 31.30% vs 16.22% for WEEL. On fees, ISCMF is cheaper at 0.19% per year. On volatility, WEEL has been the lower-risk option at 2.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WEEL or ISCMF?

Over the 1-year period, ISCMF has performed better with a 31.30% return vs 16.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WEEL or ISCMF?

ISCMF is cheaper with a 0.19% expense ratio, compared with 0.99% for WEEL.

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

WEEL has the higher dividend yield at 12.56%, compared with 0.00% for ISCMF.

What is the main difference between WEEL and ISCMF?

WEEL is categorized as Derivative Income, while ISCMF is Commodities. They also come from different issuers: Peerless ETFs and iShares. Their fees differ too: 0.99% for WEEL and 0.19% for ISCMF.

Which has better risk-adjusted returns?

WEEL currently has the higher Sharpe Ratio (1.98 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.