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USCF Energy Commodity Strategy Absolute Return Fund (USE) Sharpe Ratio: 1.22

ETF · Currency in USD · Last updated Jun 3, 2026

USE is an actively managed ETF by USCF. USE launched on May 3, 2023 and has a 0.79% expense ratio.

USE's Sharpe Ratio of 1.22 indicates that for each unit of volatility, it generates 1.22 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

USE Sharpe Ratio Rank

USE Sharpe Ratio Rank: 33.333
Below Average

USE ranks above 33.3% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

USE Sharpe Ratio Market Positioning

The chart shows USE's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.90 or lower
  • Yellow zone (middle 50%): 0.90 to 2.51
  • Green zone (top 25%): 2.51 or higher
  • Top 1%: 7.89+
  • Median: 1.77 — half of all investments score higher

How it compares to other similar ETFs

The table compares USCF Energy Commodity Strategy Absolute Return Fund's Sharpe Ratio with other ETFs in the Commodities category across multiple time periods, showing how USE's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 3, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
BWETBreakwave Tanker Shipping ETF16.94
BDRYBreakwave Dry Bulk Shipping ETF3.67
FAARFirst Trust Alternative Absolute Return Strategy ETF3.09
ZSBUSCF Sustainable Battery Metals Strategy Fund2.99
PITVanEck Commodity Strategy ETF2.96
EVMTInvesco Electric Vehicle Metals Commodity Strategy No K-1 ETF2.95
CMDTPIMCO Commodity Strategy Active Exchange-Traded Fund2.93
ZSCUSCF Sustainable Commodity Strategy Fund2.91
CERYSPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF2.91
FTGCFirst Trust Global Tactical Commodity Strategy Fund2.72
USEUSCF Energy Commodity Strategy Absolute Return Fund1.22

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows USE's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when USE consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does USE fit in your portfolio?

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