BUXX vs. USCI

Last updated Aug 2, 2026

BUXX (Strive Enhanced Income Short Maturity ETF) and USCI (United States Commodity Index Fund) are both exchange-traded funds - BUXX is a Ultrashort Bond fund actively managed by Strive, while USCI is a Commodities fund tracking the SummerHaven Dynamic Commodity Index Total Return. BUXX is actively managed, while USCI is passively managed. Over the past year, BUXX returned 4.01% vs 38.23% for USCI. Their -0.14 correlation means they have often moved in opposite directions in the past. BUXX charges 0.26%/yr vs 1.03%/yr for USCI.

Performance

BUXX vs. USCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strive Enhanced Income Short Maturity ETF (BUXX) and United States Commodity Index Fund (USCI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BUXX achieves a 2.27% return, which is significantly lower than USCI's 30.16% return.

BUXX

• 1D: 0.05%
• 1M: 0.22%
• 6M: 1.87%
• YTD: 2.27%
• 1Y: 4.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.45%

USCI

• 1D: 0.05%
• 1M: 9.65%
• 6M: 19.52%
• YTD: 30.16%
• 1Y: 38.23%
• 3Y*: 19.78%
• 5Y*: 19.95%
• 10Y*: 9.20%
• ALL TIME*: 4.50%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BUXX Strive Enhanced Income Short Maturity ETF	$3.29M	$4.80M	$5.31M
USCI United States Commodity Index Fund	$1.01M	$1.13M	$1.88M

BUXX vs. USCI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BUXX Strive Enhanced Income Short Maturity ETF	2.27%	4.84%	6.18%	2.86%
USCI United States Commodity Index Fund	30.16%	17.63%	17.24%	-3.63%

Correlation

The correlation between BUXX and USCI is -0.21, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.21
Correlation (All Time) Calculated using the full available price history since Aug 10, 2023	-0.14

Return for Risk

BUXX vs. USCI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BUXX

BUXX Risk / Return Rank: 98
BUXX Sharpe Ratio Rank: 97
BUXX Sortino Ratio Rank: 97
BUXX Omega Ratio Rank: 97
BUXX Calmar Ratio Rank: 99
BUXX Martin Ratio Rank: 98

USCI

USCI Risk / Return Rank: 84
USCI Sharpe Ratio Rank: 88
USCI Sortino Ratio Rank: 84
USCI Omega Ratio Rank: 84
USCI Calmar Ratio Rank: 85
USCI Martin Ratio Rank: 80

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BUXX vs. USCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive Enhanced Income Short Maturity ETF (BUXX) and United States Commodity Index Fund (USCI). 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.

	BUXX	USCI	Difference
Sharpe ratio: Return per unit of total volatility	3.28	2.10	+1.18
Sortino ratio: Return per unit of downside risk	5.25	2.79	+2.47
Omega ratio: Gain probability vs. loss probability	1.77	1.36	+0.41
Calmar ratio: Return relative to maximum drawdown	14.27	3.22	+11.05
Martin ratio: Return relative to average drawdown	52.21	10.29	+41.92

BUXX vs. USCI - Sharpe Ratio Comparison

The current BUXX Sharpe Ratio is 3.28, which is higher than the USCI Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of BUXX and USCI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BUXX vs. USCI - Drawdown Comparison

The maximum BUXX drawdown since its inception was -0.60%, smaller than the maximum USCI drawdown of -66.41%. Use the drawdown chart below to compare losses from any high point for BUXX and USCI.

Drawdown Indicators

	BUXX	USCI	Difference
Max Drawdown Largest peak-to-trough decline	-0.60%	-66.41%	+65.81%
Max Drawdown (1Y) Largest decline over 1 year	-0.29%	-11.19%	+10.90%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.84%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.82%	—
Current Drawdown Current decline from peak	0.00%	-1.85%	+1.85%
Average Drawdown Average peak-to-trough decline	-0.05%	-29.27%	+29.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.08%	3.50%	-3.42%

Volatility

BUXX vs. USCI - Volatility Comparison

The current volatility for Strive Enhanced Income Short Maturity ETF (BUXX) is 0.37%, while United States Commodity Index Fund (USCI) has a volatility of 5.30%. This indicates that BUXX experiences smaller price fluctuations and is considered to be less risky than USCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BUXX	USCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.37%	5.30%	-4.93%
Volatility (6M) Calculated over the trailing 6-month period	0.86%	14.27%	-13.41%
Volatility (1Y) Calculated over the trailing 1-year period	1.29%	17.21%	-15.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.46%	18.42%	-16.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.46%	15.91%	-14.45%

BUXX vs. USCI - Expense Ratio Comparison

BUXX has a 0.26% expense ratio, which is lower than USCI's 1.03% expense ratio.

Dividends

BUXX vs. USCI - Dividend Comparison

BUXX's dividend yield for the trailing twelve months is around 4.68%, while USCI has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
BUXX Strive Enhanced Income Short Maturity ETF	4.68%	4.95%	5.55%	1.92%
USCI United States Commodity Index Fund	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BUXX and USCI in my portfolio?

BUXX and USCI have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BUXX or USCI?

USCI has higher volatility (5.30%) compared to BUXX (0.37%). In terms of maximum drawdown, BUXX dropped -0.60% vs USCI's -66.41%.

Which ETF is better, BUXX or USCI?

On 1-year performance, USCI leads with 38.23% vs 4.01% for BUXX. On fees, BUXX is cheaper at 0.26% per year. On volatility, BUXX has been the lower-risk option at 0.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BUXX or USCI?

Over the 1-year period, USCI has performed better with a 38.23% return vs 4.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BUXX or USCI?

BUXX is cheaper with a 0.26% expense ratio, compared with 1.03% for USCI.

Which ETF pays a higher dividend yield, BUXX or USCI?

BUXX has the higher dividend yield at 4.68%, compared with 0.00% for USCI.

What is the main difference between BUXX and USCI?

BUXX is categorized as Ultrashort Bond, while USCI is Commodities. They also come from different issuers: Strive and USCF. Their fees differ too: 0.26% for BUXX and 1.03% for USCI.

Which has better risk-adjusted returns?

BUXX currently has the higher Sharpe Ratio (3.28 vs 2.10), 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.