CMCI vs. ZSB

Last updated Apr 3, 2026

Compare and contrast key facts about VanEck CMCI Commodity Strategy ETF (CMCI) and USCF Sustainable Battery Metals Strategy Fund (ZSB).

CMCI and ZSB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CMCI is a passively managed fund by VanEck that tracks the performance of the UBS Bloomberg CMCI Composite Total Return Index. It was launched on Aug 21, 2023. ZSB is a passively managed fund by USCF that tracks the performance of the S&P GSCI Electric Vehicle Meals Index. It was launched on Jan 10, 2023. Both CMCI and ZSB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

CMCI vs. ZSB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck CMCI Commodity Strategy ETF (CMCI) and USCF Sustainable Battery Metals Strategy Fund (ZSB). The values are adjusted to include any dividend payments, if applicable.

CMCI vs. ZSB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CMCI VanEck CMCI Commodity Strategy ETF	16.28%	7.90%	5.68%	-2.87%
ZSB USCF Sustainable Battery Metals Strategy Fund	5.29%	64.34%	-19.70%	-16.64%

Returns By Period

In the year-to-date period, CMCI achieves a 16.28% return, which is significantly higher than ZSB's 5.29% return.

CMCI

• 1D: 0.25%
• 1M: 6.95%
• YTD: 16.28%
• 6M: 19.48%
• 1Y: 18.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ZSB

• 1D: -1.81%
• 1M: 1.20%
• YTD: 5.29%
• 6M: 33.68%
• 1Y: 52.55%
• 3Y*: 0.85%
• 5Y*: —
• 10Y*: —

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

CMCI vs. ZSB - Expense Ratio Comparison

CMCI has a 0.65% expense ratio, which is higher than ZSB's 0.59% expense ratio.

CMCI

VanEck CMCI Commodity Strategy ETF

ZSB

USCF Sustainable Battery Metals Strategy Fund

Return for Risk

CMCI vs. ZSB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CMCI

CMCI Risk / Return Rank: 66
CMCI Sharpe Ratio Rank: 74
CMCI Sortino Ratio Rank: 72
CMCI Omega Ratio Rank: 66
CMCI Calmar Ratio Rank: 63
CMCI Martin Ratio Rank: 56

ZSB

ZSB Risk / Return Rank: 82
ZSB Sharpe Ratio Rank: 89
ZSB Sortino Ratio Rank: 86
ZSB Omega Ratio Rank: 88
ZSB Calmar Ratio Rank: 84
ZSB Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CMCI vs. ZSB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck CMCI Commodity Strategy ETF (CMCI) and USCF Sustainable Battery Metals Strategy Fund (ZSB). 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.

	CMCI	ZSB	Difference
Sharpe ratio Return per unit of total volatility	1.40	1.97	-0.57
Sortino ratio Return per unit of downside risk	1.91	2.43	-0.52
Omega ratio Gain probability vs. loss probability	1.26	1.38	-0.12
Calmar ratio Return relative to maximum drawdown	2.03	3.09	-1.06
Martin ratio Return relative to average drawdown	6.93	8.08	-1.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CMCI vs. ZSB - Sharpe Ratio Comparison

The current CMCI Sharpe Ratio is 1.40, which is comparable to the ZSB Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of CMCI and ZSB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CMCI	ZSB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	1.97	-0.57
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	-0.07	+0.89

Correlation

The correlation between CMCI and ZSB is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CMCI vs. ZSB - Dividend Comparison

CMCI's dividend yield for the trailing twelve months is around 8.50%, more than ZSB's 0.87% yield.

	TTM	2025	2024	2023
CMCI VanEck CMCI Commodity Strategy ETF	8.50%	9.89%	3.93%	1.64%
ZSB USCF Sustainable Battery Metals Strategy Fund	0.87%	0.92%	2.96%	3.59%

Drawdowns

CMCI vs. ZSB - Drawdown Comparison

The maximum CMCI drawdown since its inception was -11.54%, smaller than the maximum ZSB drawdown of -49.26%. Use the drawdown chart below to compare losses from any high point for CMCI and ZSB.

Drawdown Indicators

	CMCI	ZSB	Difference
Max Drawdown Largest peak-to-trough decline	-11.54%	-49.26%	+37.72%
Max Drawdown (1Y) Largest decline over 1 year	-6.92%	-16.75%	+9.83%
Current Drawdown Current decline from peak	-1.13%	-11.23%	+10.10%
Average Drawdown Average peak-to-trough decline	-3.69%	-32.26%	+28.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.81%	6.41%	-3.60%

Volatility

CMCI vs. ZSB - Volatility Comparison

The current volatility for VanEck CMCI Commodity Strategy ETF (CMCI) is 4.79%, while USCF Sustainable Battery Metals Strategy Fund (ZSB) has a volatility of 11.89%. This indicates that CMCI experiences smaller price fluctuations and is considered to be less risky than ZSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CMCI	ZSB	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.79%	11.89%	-7.10%
Volatility (6M) Calculated over the trailing 6-month period	9.65%	22.62%	-12.97%
Volatility (1Y) Calculated over the trailing 1-year period	13.56%	26.76%	-13.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.61%	19.77%	-7.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.61%	19.77%	-7.16%