CEW vs. SDCI
CEW (WisdomTree Emerging Currency Strategy Fund) and SDCI (USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund) are both exchange-traded funds - CEW is a Currency fund actively managed by WisdomTree, while SDCI is a Commodities fund tracking the SummerHaven Dynamic Commodity Index Total Return. CEW is actively managed, while SDCI is passively managed. Over the past 5 years, CEW returned 3.97%/yr vs 20.86%/yr for SDCI. Their 0.27 correlation means their historical movements had little consistent relationship. CEW charges 0.55%/yr vs 0.60%/yr for SDCI.
Performance
CEW vs. SDCI - Performance Comparison
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Returns By Period
In the year-to-date period, CEW achieves a 4.20% return, which is significantly lower than SDCI's 31.41% return.
CEW
- 1D
- -0.19%
- 1M
- 1.82%
- 6M
- 2.23%
- YTD
- 4.20%
- 1Y
- 9.10%
- 3Y*
- 6.70%
- 5Y*
- 3.97%
- 10Y*
- 2.43%
- ALL TIME*
- 1.12%
SDCI
- 1D
- 0.63%
- 1M
- 10.03%
- 6M
- 20.73%
- YTD
- 31.41%
- 1Y
- 39.13%
- 3Y*
- 20.52%
- 5Y*
- 20.86%
- 10Y*
- —
- ALL TIME*
- 11.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $328.43K | $171.66K | $92.20K | |
| $5.69M | $7.12M | $7.50M |
CEW vs. SDCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CEW WisdomTree Emerging Currency Strategy Fund | 4.20% | 14.48% | -0.99% | 9.06% | -1.65% | -6.62% | -0.04% | 4.78% | -4.35% |
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | 31.41% | 17.60% | 17.91% | -0.88% | 33.23% | 36.52% | -10.61% | -2.36% | -13.91% |
Correlation
The correlation between CEW and SDCI is -0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.09 |
Correlation (3Y) Balances recent behavior with more history. | 0.12 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.23 |
Correlation (All Time) Calculated using the full available price history since May 3, 2018 | 0.27 |
The correlation between CEW and SDCI shifts across timeframes, from -0.09 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CEW vs. SDCI — Risk / Return Rank
CEW
SDCI
CEW vs. SDCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Currency Strategy Fund (CEW) 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.
| CEW | SDCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.36 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 3.33 | -0.77 |
| Martin ratioReturn relative to average drawdown | 8.40 | 10.55 | -2.15 |
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Drawdowns
CEW vs. SDCI - Drawdown Comparison
The maximum CEW drawdown since its inception was -27.89%, smaller than the maximum SDCI drawdown of -45.79%. Use the drawdown chart below to compare losses from any high point for CEW and SDCI.
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Drawdown Indicators
| CEW | SDCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.89% | -45.79% | +17.90% |
Max Drawdown (1Y)Largest decline over 1 year | -3.85% | -11.03% | +7.18% |
Max Drawdown (3Y)Largest decline over 3 years | -5.28% | -11.96% | +6.68% |
Max Drawdown (5Y)Largest decline over 5 years | -13.45% | -18.55% | +5.10% |
Max Drawdown (10Y)Largest decline over 10 years | -17.72% | — | — |
Current DrawdownCurrent decline from peak | -0.19% | -1.53% | +1.34% |
Average DrawdownAverage peak-to-trough decline | -12.90% | -11.47% | -1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 3.48% | -2.31% |
Volatility
CEW vs. SDCI - Volatility Comparison
The current volatility for WisdomTree Emerging Currency Strategy Fund (CEW) is 1.99%, while USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) has a volatility of 5.28%. This indicates that CEW 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
| CEW | SDCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 5.28% | -3.29% |
Volatility (6M)Calculated over the trailing 6-month period | 5.46% | 14.48% | -9.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.40% | 17.36% | -10.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.89% | 18.44% | -11.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.94% | 17.07% | -10.13% |
CEW vs. SDCI - Expense Ratio Comparison
CEW has a 0.55% expense ratio, which is lower than SDCI's 0.60% expense ratio.
Dividends
CEW vs. SDCI - Dividend Comparison
CEW's dividend yield for the trailing twelve months is around 2.37%, less than SDCI's 2.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CEW WisdomTree Emerging Currency Strategy Fund | 2.37% | 2.47% | 5.42% | 2.00% | 0.80% | 0.00% | 0.64% | 1.90% | 1.87% |
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | 2.80% | 3.68% | 5.92% | 3.46% | 33.49% | 19.26% | 0.20% | 0.93% | 0.68% |
Frequently Asked Questions
CEW and SDCI have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDCI has higher volatility (5.28%) compared to CEW (1.99%). In terms of maximum drawdown, CEW dropped -27.89% vs SDCI's -45.79%.
On 5-year performance, SDCI leads with 20.86% vs 3.97% for CEW. On fees, CEW is cheaper at 0.55% per year. On volatility, CEW has been the lower-risk option at 1.99%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SDCI has performed better with a 20.86% return vs 3.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CEW is cheaper with a 0.55% expense ratio, compared with 0.60% for SDCI.
SDCI has the higher dividend yield at 2.80%, compared with 2.37% for CEW.
CEW is categorized as Currency, while SDCI is Commodities. They also come from different issuers: WisdomTree and USCF. Their fees differ too: 0.55% for CEW and 0.60% for SDCI.
SDCI currently has the higher Sharpe Ratio (2.12 vs 1.54), 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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