- ISIN
- US90290T8743
- CUSIP
- 90290T874
- Issuer
- USCF
- Inception Date
- May 3, 2023
- Region
- Global (Broad)
- Category
- Commodities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Commodity
- Assets Under Management
- $3M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
USE Performance Chart
USCF Energy Commodity Strategy Absolute Return Fund (USE) is up 20.6% since the beginning of the year. USE is currently trading at $28 per share.
Loading charts...
Returns By Period
USCF Energy Commodity Strategy Absolute Return Fund (USE) has returned 20.57% so far this year and -0.75% over the past 12 months.
USCF Energy Commodity Strategy Absolute Return Fund
- 1D
- -2.08%
- 1M
- -17.90%
- YTD
- 20.57%
- 6M
- 18.76%
- 1Y
- -0.75%
- 3Y*
- 11.05%
- 5Y*
- —
- 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%
USE Monthly Returns History
Based on dividend-adjusted daily data since May 4, 2023, USE's average daily return is +0.06%, while the average monthly return is +1.22%. At this rate, an investment would double in approximately 4.8 years.
Historically, 53% of months were positive and 47% were negative. The best month was Mar 2026 with a return of +34.4%, while the worst month was Apr 2025 at -13.5%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 6 months.
On a daily basis, USE closed higher 51% of trading days. The best single day was Mar 6, 2026 with a return of +7.7%, while the worst single day was Apr 3, 2025 at -6.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.18% | 2.67% | 34.38% | 11.90% | -7.73% | -13.48% | 20.57% | ||||||
| 2025 | 4.52% | -6.11% | 5.90% | -13.52% | -3.24% | 12.24% | 9.39% | -1.85% | -0.89% | -12.80% | -5.85% | -0.28% | -14.97% |
| 2024 | 6.23% | 5.45% | 7.46% | 0.49% | -3.81% | 9.08% | 1.81% | -3.00% | -4.67% | 1.90% | -4.43% | 5.33% | 22.58% |
| 2023 | -0.92% | 3.92% | 14.95% | 0.75% | 6.24% | -4.82% | 2.22% | -11.02% | 9.68% |
Benchmark Metrics
USCF Energy Commodity Strategy Absolute Return Fund has an annualized alpha of 14.19%, beta of 0.04, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since May 04, 2023.
- This ETF captured 18.28% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -44.26%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.04 may look defensive, but with R2 of 0.00 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 0.00 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
- 14.19%
- Beta
- 0.04
- R²
- 0.00
- Upside Capture
- 18.28%
- Downside Capture
- -44.26%
Expense Ratio
USE has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
USE ranks 8 for risk / return — in the bottom 8% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for USCF Energy Commodity Strategy Absolute Return Fund (USE) 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.
| USE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -2.57 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.37 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 2.78 | -2.81 |
| Martin ratioReturn relative to average drawdown | -0.05 | 12.44 | -12.49 |
Dividends
Dividend History
USCF Energy Commodity Strategy Absolute Return Fund provided a 2.54% dividend yield over the last twelve months, with an annual payout of $0.70 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.70 | $0.70 | $10.72 | $1.52 |
Dividend yield | 2.54% | 3.06% | 38.65% | 4.83% |
Monthly Dividends
The table displays the monthly dividend distributions for USCF Energy Commodity Strategy Absolute Return 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 | $0.70 | $0.70 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $10.72 | $10.72 |
| 2023 | $0.46 | $0.00 | $0.00 | $0.00 | $1.06 | $1.52 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the USCF Energy Commodity Strategy Absolute Return 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 Energy Commodity Strategy Absolute Return Fund was 26.24%, occurring on Feb 2, 2026. Recovery took 27 trading sessions.
The current USCF Energy Commodity Strategy Absolute Return Fund drawdown is 22.51%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -26.24%Feb 2026 | 6mo 6d | 1mo 8d | 7mo 14dJul 2025 - Mar 2026 |
2026 bear market2026 | -22.51%Jun 2026 | 1mo 3d | — | 1mo 4dMay 2026 - now |
2025 selloff2025 | -22.11%May 2025 | 7mo 3d | 2mo 22d | 9mo 25dOct 2024 - Jul 2025 |
2024 correction2024 | -18.89%Jan 2024 | 2mo 20d | 2mo 11d | 5mo 1dOct 2023 - Mar 2024 |
2024 correction2024 | -12.99%Sep 2024 | 2mo 4d | 27d | 3mo 1dJul 2024 - Oct 2024 |
Drawdown Indicators
| USE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.24% | -56.78% | +30.54% |
Max Drawdown (1Y)Largest decline over 1 year | -26.24% | -9.10% | -17.14% |
Max Drawdown (3Y)Largest decline over 3 years | -26.24% | -18.90% | -7.34% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -22.51% | -1.80% | -20.71% |
Average DrawdownAverage peak-to-trough decline | -8.06% | -10.71% | +2.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.76% | 2.03% | +11.73% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with USE
Add USCF Energy Commodity Strategy Absolute Return Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with USE