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United States Commodity Index Fund (USCI)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

ISIN
US9117171069
CUSIP
911717106
Inception Date
Aug 10, 2010
Region
Global (Broad)
Category
Commodities
Leveraged
1x (No leverage)
Index Tracked
SummerHaven Dynamic Commodity (TR)
Distribution Policy
Accumulating
Asset Class
Commodity

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in United States Commodity Index Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

United States Commodity Index Fund (USCI) has returned 22.82% so far this year and 32.16% over the past 12 months. Over the last ten years, USCI has returned 9.00% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.


United States Commodity Index Fund

1D
-0.70%
1M
11.64%
YTD
22.82%
6M
22.37%
1Y
32.16%
3Y*
20.66%
5Y*
21.59%
10Y*
9.00%

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Aug 10, 2010, USCI's average daily return is +0.02%, while the average monthly return is +0.43%. At this rate, your investment would double in approximately 13.5 years.

Historically, 55% of months were positive and 45% were negative. The best month was Mar 2026 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 7 months.

On a daily basis, USCI closed higher 53% of trading days. The best single day was Mar 7, 2022 with a return of +8.1%, while the worst single day was Mar 9, 2022 at -10.9%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20268.90%1.02%11.64%22.82%
20254.62%-0.45%4.95%-5.12%1.55%5.47%1.48%2.85%1.84%0.27%0.95%-1.57%17.63%
20243.41%-1.09%5.88%1.11%0.76%0.22%-1.38%-0.54%2.24%1.23%2.83%1.57%17.24%
20230.25%-4.29%0.48%0.39%-4.66%3.24%9.68%0.27%0.35%-0.08%-1.23%-3.61%0.00%
20229.59%5.08%10.23%6.74%1.56%-8.38%-0.13%0.93%-7.05%3.75%4.21%1.36%29.47%
20212.24%8.84%-1.93%10.24%3.03%-0.25%0.72%-1.75%2.31%6.80%-7.24%7.31%33.07%

Benchmark Metrics

United States Commodity Index Fund has an annualized alpha of 1.40%, beta of 0.30, and R² of 0.12 versus S&P 500 Index. Calculated based on daily prices since August 11, 2010.

  • This ETF participated in 52.80% of S&P 500 Index downside but only 38.04% of its upside — more exposed to losses than it benefited from rallies.
  • Beta of 0.30 may look defensive, but with R² of 0.12 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 0.12 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
1.40%
Beta
0.30
0.12
Upside Capture
38.04%
Downside Capture
52.80%

Expense Ratio

USCI has a high expense ratio of 1.03%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

USCI ranks 83 for risk / return — in the top 83% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.


USCI Risk / Return Rank: 8383
Overall Rank
USCI Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
USCI Sortino Ratio Rank: 8484
Sortino Ratio Rank
USCI Omega Ratio Rank: 7878
Omega Ratio Rank
USCI Calmar Ratio Rank: 8787
Calmar Ratio Rank
USCI Martin Ratio Rank: 8181
Martin Ratio Rank
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.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for United States Commodity Index Fund (USCI) and compare them to a chosen benchmark (S&P 500 Index).


USCIBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.76

0.90

+0.86

Sortino ratio

Return per unit of downside risk

2.28

1.39

+0.89

Omega ratio

Gain probability vs. loss probability

1.30

1.21

+0.09

Calmar ratio

Return relative to maximum drawdown

2.76

1.40

+1.36

Martin ratio

Return relative to average drawdown

9.39

6.61

+2.78

Explore USCI risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History


United States Commodity Index Fund doesn't pay dividends

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 United States Commodity Index 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 United States Commodity Index Fund was 66.41%, occurring on Mar 18, 2020. Recovery took 1266 trading sessions.

The current United States Commodity Index Fund drawdown is 0.70%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-66.41%Apr 11, 20112249Mar 18, 20201266Apr 1, 20253515
-12.01%Apr 3, 20254Apr 8, 202546Jun 13, 202550
-8.73%Jan 30, 202612Feb 17, 202612Mar 5, 202624
-8.31%Mar 7, 20117Mar 15, 201118Apr 8, 201125
-7.75%Nov 11, 20105Nov 17, 201017Dec 13, 201022

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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