- ISIN
- US9117171069
- CUSIP
- 911717106
- Issuer
- Concierge Technologies
- 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
- Assets Under Management
- $378M
Share Price Chart
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Performance
USCI Performance Chart
United States Commodity Index Fund (USCI) is up 19.4% since the beginning of the year. USCI is currently trading at $93 per share. Investors who bought $1,000 worth of USCI shares 5 years ago would now be looking at an investment worth $2,334.
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Returns By Period
United States Commodity Index Fund (USCI) has returned 19.44% so far this year and 22.37% over the past 12 months. Over the last ten years, USCI has returned 8.20% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
United States Commodity Index Fund
- 1D
- -0.19%
- 1M
- -6.88%
- YTD
- 19.44%
- 6M
- 17.65%
- 1Y
- 22.37%
- 3Y*
- 19.76%
- 5Y*
- 18.47%
- 10Y*
- 8.20%
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%
USCI Monthly Returns History
Based on dividend-adjusted daily data since Aug 10, 2010, USCI's average daily return is +0.02%, while the average monthly return is +0.41%. At this rate, an investment would double in approximately 14.1 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 52% 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.90% | 1.02% | 11.64% | 4.80% | -2.03% | -5.28% | 19.44% | ||||||
| 2025 | 4.62% | -0.45% | 4.95% | -5.12% | 1.55% | 5.47% | 1.48% | 2.85% | 1.84% | 0.27% | 0.95% | -1.57% | 17.63% |
| 2024 | 3.41% | -1.09% | 5.88% | 1.11% | 0.76% | 0.22% | -1.38% | -0.54% | 2.24% | 1.23% | 2.83% | 1.57% | 17.24% |
| 2023 | 0.25% | -4.29% | 0.48% | 0.39% | -4.66% | 3.24% | 9.68% | 0.27% | 0.35% | -0.08% | -1.23% | -3.61% | 0.00% |
| 2022 | 9.59% | 5.08% | 10.23% | 6.74% | 1.56% | -8.38% | -0.13% | 0.93% | -7.05% | 3.75% | 4.21% | 1.36% | 29.47% |
| 2021 | 2.24% | 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 1.05%, beta of 0.29, and R2 of 0.12 versus S&P 500 Index. Calculated based on daily prices since August 10, 2010.
- This ETF participated in 54.69% of S&P 500 Index downside but only 37.07% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.29 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
- 1.05%
- Beta
- 0.29
- R²
- 0.12
- Upside Capture
- 37.07%
- Downside Capture
- 54.69%
Expense Ratio
USCI has a high expense ratio of 1.03%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
USCI ranks 41 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 United States Commodity Index Fund (USCI) 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.
| USCI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.37 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 2.78 | -0.47 |
| Martin ratioReturn relative to average drawdown | 7.89 | 12.44 | -4.55 |
Dividends
Dividend History
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 9.73%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -66.41%Mar 2020 | 8y 11mo | 5y 15d | 13y 11moApr 2011 - Apr 2025 |
2025 selloff2025 | -12.01%Apr 2025 | 5d | 2mo 6d | 2mo 11dApr 2025 - Jun 2025 |
2026 pullback2026 | -9.73%Jun 2026 | 1mo 10d | — | 1mo 11dMay 2026 - now |
2026 pullback2026 | -8.73%Feb 2026 | 18d | 16d | 1mo 4dJan 2026 - Mar 2026 |
2011 pullback2011 | -8.31%Mar 2011 | 8d | 24d | 1mo 2dMar 2011 - Apr 2011 |
Drawdown Indicators
| USCI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.41% | -56.78% | -9.63% |
Max Drawdown (1Y)Largest decline over 1 year | -9.73% | -9.10% | -0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -12.01% | -18.90% | +6.89% |
Max Drawdown (5Y)Largest decline over 5 years | -18.84% | -25.43% | +6.59% |
Max Drawdown (10Y)Largest decline over 10 years | -45.82% | -33.92% | -11.90% |
Current DrawdownCurrent decline from peak | -9.73% | -1.80% | -7.93% |
Average DrawdownAverage peak-to-trough decline | -29.44% | -10.71% | -18.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 2.03% | +0.89% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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