- ISIN
- US90290T8099
- CUSIP
- 90290T809
- Issuer
- USCF Investments
- Inception Date
- May 3, 2018
- Region
- Global (Broad)
- Category
- Commodities
- Leveraged
- 1x (No leverage)
- Index Tracked
- SummerHaven Dynamic Commodity Index Total Return
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Commodity
- Assets Under Management
- $371M
Share Price Chart
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Performance
SDCI Performance Chart
USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) is up 20.3% since the beginning of the year. SDCI is currently trading at $27 per share. Investors who bought $1,000 worth of SDCI shares 5 years ago would now be looking at an investment worth $2,430.
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Returns By Period
USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) has returned 20.29% so far this year and 22.52% over the past 12 months.
USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund
- 1D
- -0.08%
- 1M
- -6.85%
- YTD
- 20.29%
- 6M
- 18.15%
- 1Y
- 22.52%
- 3Y*
- 20.41%
- 5Y*
- 19.43%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SDCI Monthly Returns History
Based on dividend-adjusted daily data since May 3, 2018, SDCI's average daily return is +0.05%, while the average monthly return is +0.95%. At this rate, an investment would double in approximately 6.1 years.
Historically, 62% of months were positive and 38% were negative. The best month was Mar 2022 with a return of +11.6%, while the worst month was Mar 2020 at -16.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, SDCI closed higher 53% of trading days. The best single day was Mar 7, 2022 with a return of +6.9%, while the worst single day was Mar 9, 2022 at -8.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.85% | 1.75% | 11.64% | 4.77% | -1.89% | -5.36% | 20.29% | ||||||
| 2025 | 4.92% | -0.66% | 4.84% | -4.62% | 1.43% | 5.46% | 1.52% | 2.82% | 1.77% | 0.35% | 0.78% | -1.82% | 17.60% |
| 2024 | 3.26% | -0.80% | 5.85% | 1.02% | 0.78% | 0.42% | -1.42% | -0.34% | 2.11% | 1.53% | 2.74% | 1.63% | 17.91% |
| 2023 | -1.12% | -4.16% | 0.14% | 0.73% | -4.74% | 3.67% | 9.62% | 0.17% | 0.17% | 0.05% | -1.18% | -3.45% | -0.88% |
| 2022 | 9.51% | 4.44% | 11.64% | 7.53% | 0.95% | -8.06% | -0.60% | 1.42% | -6.82% | 3.84% | 4.15% | 2.93% | 33.23% |
| 2021 | 2.74% | 10.28% | -2.43% | 11.13% | 2.65% | -0.44% | 1.45% | -1.75% | 2.52% | 6.47% | -6.65% | 7.07% | 36.52% |
Benchmark Metrics
USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund has an annualized alpha of 8.29%, beta of 0.24, and R2 of 0.07 versus S&P 500 Index. Calculated based on daily prices since May 03, 2018.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (41.64%) than losses (29.84%) - typical of diversified or defensive assets.
- Beta of 0.24 may look defensive, but with R2 of 0.07 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.07 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 8.29%
- Beta
- 0.24
- R²
- 0.07
- Upside Capture
- 41.64%
- Downside Capture
- 29.84%
Expense Ratio
SDCI has an expense ratio of 0.60%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SDCI ranks 42 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) and compare them to S&P 500 Index.
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.
| SDCI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.37 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 2.78 | -0.41 |
| Martin ratioReturn relative to average drawdown | 7.98 | 12.44 | -4.46 |
Dividends
Dividend History
USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund provided a 3.06% dividend yield over the last twelve months, with an annual payout of $0.81 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.81 | $0.81 | $1.15 | $0.60 | $6.10 | $3.56 | $0.03 | $0.17 | $0.13 |
Dividend yield | 3.06% | 3.68% | 5.92% | 3.46% | 33.49% | 19.26% | 0.20% | 0.93% | 0.68% |
Monthly Dividends
The table displays the monthly dividend distributions for USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.81 | $0.81 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.15 | $1.15 |
| 2023 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.21 | $0.60 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.15 | $0.00 | $2.95 | $6.10 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.78 | $0.00 | $0.00 | $1.78 | $3.56 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund was 45.79%, occurring on Mar 18, 2020. Recovery took 399 trading sessions.
The current USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund drawdown is 9.53%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -45.79%Mar 2020 | 1y 10mo | 1y 7mo | 3y 4moMay 2018 - Oct 2021 |
Bear market2022 | -18.55%Jul 2022 | 1mo 4d | 1y 8mo | 1y 9moJun 2022 - Apr 2024 |
Bear market2022 | -17.79%Mar 2022 | 6d | 2mo 20d | 2mo 26dMar 2022 - Jun 2022 |
2025 selloff2025 | -11.96%Apr 2025 | 5d | 2mo 6d | 2mo 11dApr 2025 - Jun 2025 |
2021 correction2021 | -10.47%Dec 2021 | 1mo 11d | 1mo 11d | 2mo 22dOct 2021 - Jan 2022 |
Drawdown Indicators
| SDCI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.79% | -56.78% | +10.99% |
Max Drawdown (1Y)Largest decline over 1 year | -9.53% | -9.10% | -0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -11.96% | -18.90% | +6.94% |
Max Drawdown (5Y)Largest decline over 5 years | -18.55% | -25.43% | +6.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -9.53% | -1.80% | -7.73% |
Average DrawdownAverage peak-to-trough decline | -11.55% | -10.71% | -0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 2.03% | +0.90% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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