BSCW vs. SDCI
BSCW (Invesco BulletShares 2032 Corporate Bond ETF) and SDCI (USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund) are both exchange-traded funds - BSCW is a Corporate Bonds fund tracking the Invesco BulletShares Corporate Bond 2032 Index, while SDCI is a Commodities fund tracking the SummerHaven Dynamic Commodity Index Total Return. Both are passively managed. Over the past 3 years, BSCW returned 5.86%/yr vs 21.11%/yr for SDCI. At a correlation of -0.01, they often move in opposite directions. BSCW charges 0.10%/yr vs 0.60%/yr for SDCI.
Performance
BSCW vs. SDCI - Performance Comparison
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Returns By Period
In the year-to-date period, BSCW achieves a 0.15% return, which is significantly lower than SDCI's 27.24% return.
BSCW
- 1D
- -0.12%
- 1M
- -0.16%
- 6M
- 0.13%
- YTD
- 0.15%
- 1Y
- 4.51%
- 3Y*
- 5.86%
- 5Y*
- —
- 10Y*
- —
SDCI
- 1D
- 2.45%
- 1M
- 3.24%
- 6M
- 22.83%
- YTD
- 27.24%
- 1Y
- 31.47%
- 3Y*
- 21.11%
- 5Y*
- 20.23%
- 10Y*
- —
BSCW vs. SDCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BSCW Invesco BulletShares 2032 Corporate Bond ETF | 0.15% | 9.00% | 2.20% | 9.31% | 0.31% |
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | 27.24% | 17.60% | 17.91% | -0.88% | 8.78% |
Correlation
The correlation between BSCW and SDCI is -0.25, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022 | -0.01 |
Over the past year, the inverse relationship between BSCW and SDCI has strengthened: their correlation has moved from -0.01 to -0.25, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
BSCW vs. SDCI — Risk / Return Rank
BSCW
SDCI
BSCW vs. SDCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2032 Corporate Bond ETF (BSCW) and USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| BSCW | SDCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.31 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 2.87 | -1.40 |
| Martin ratioReturn relative to average drawdown | 4.37 | 9.00 | -4.63 |
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Drawdowns
BSCW vs. SDCI - Drawdown Comparison
The maximum BSCW drawdown since its inception was -8.32%, smaller than the maximum SDCI drawdown of -45.79%. Use the drawdown chart below to compare losses from any high point for BSCW and SDCI.
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Drawdown Indicators
| BSCW | SDCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.32% | -45.79% | +37.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -11.03% | +8.22% |
Max Drawdown (3Y)Largest decline over 3 years | -7.24% | -11.96% | +4.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.55% | — |
Current DrawdownCurrent decline from peak | -1.43% | -4.30% | +2.87% |
Average DrawdownAverage peak-to-trough decline | -1.80% | -11.53% | +9.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 3.51% | -2.57% |
Volatility
BSCW vs. SDCI - Volatility Comparison
The current volatility for Invesco BulletShares 2032 Corporate Bond ETF (BSCW) is 1.20%, while USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) has a volatility of 5.40%. This indicates that BSCW experiences smaller price fluctuations and is considered to be less risky than SDCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSCW | SDCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 5.40% | -4.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.97% | 14.76% | -11.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.83% | 17.17% | -13.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.17% | 18.43% | -11.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.17% | 17.09% | -9.92% |
BSCW vs. SDCI - Expense Ratio Comparison
BSCW has a 0.10% expense ratio, which is lower than SDCI's 0.60% expense ratio.
Dividends
BSCW vs. SDCI - Dividend Comparison
BSCW's dividend yield for the trailing twelve months is around 4.83%, more than SDCI's 2.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BSCW Invesco BulletShares 2032 Corporate Bond ETF | 4.83% | 4.81% | 5.06% | 4.80% | 1.12% | 0.00% | 0.00% | 0.00% | 0.00% |
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | 2.89% | 3.68% | 5.92% | 3.46% | 33.49% | 19.26% | 0.20% | 0.93% | 0.68% |
Frequently Asked Questions
BSCW and SDCI have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDCI has higher volatility (5.40%) compared to BSCW (1.20%). In terms of maximum drawdown, BSCW dropped -8.32% vs SDCI's -45.79%.
On 3-year performance, SDCI leads with 21.11% vs 5.86% for BSCW. On fees, BSCW is cheaper at 0.10% per year. On volatility, BSCW has been the lower-risk option at 1.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SDCI has performed better with a 21.11% return vs 5.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSCW is cheaper with a 0.10% expense ratio, compared with 0.60% for SDCI.
BSCW has the higher dividend yield at 4.83%, compared with 2.89% for SDCI.
BSCW is categorized as Corporate Bonds, while SDCI is Commodities. BSCW tracks Invesco BulletShares Corporate Bond 2032 Index, while SDCI tracks SummerHaven Dynamic Commodity Index Total Return. They also come from different issuers: Invesco and USCF Investments. Their fees differ too: 0.10% for BSCW and 0.60% for SDCI.
SDCI currently has the higher Sharpe Ratio (1.84 vs 1.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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