COM vs. USE

Last updated Jun 4, 2026

COM (Direxion Auspice Broad Commodity Strategy ETF) and USE (USCF Energy Commodity Strategy Absolute Return Fund) are both Commodities funds. COM is passively managed, while USE is actively managed. Over the past 3 years, COM returned 7.16%/yr vs 17.85%/yr for USE. At a 0.41 correlation, their price movements are largely independent. COM charges 0.70%/yr vs 0.79%/yr for USE.

Performance

COM vs. USE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Auspice Broad Commodity Strategy ETF (COM) and USCF Energy Commodity Strategy Absolute Return Fund (USE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COM achieves a 14.96% return, which is significantly lower than USE's 48.69% return.

COM

• 1D: -0.76%
• 1M: -2.14%
• YTD: 14.96%
• 6M: 14.36%
• 1Y: 22.41%
• 3Y*: 7.16%
• 5Y*: 8.28%
• 10Y*: —

USE

• 1D: 2.75%
• 1M: -2.96%
• YTD: 48.69%
• 6M: 51.72%
• 1Y: 41.25%
• 3Y*: 17.85%
• 5Y*: —
• 10Y*: —

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

COM vs. USE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
COM Direxion Auspice Broad Commodity Strategy ETF	14.96%	7.72%	5.81%	-8.41%
USE USCF Energy Commodity Strategy Absolute Return Fund	48.69%	-14.97%	22.58%	9.98%

Correlation

The correlation between COM and USE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (All Time) Calculated using the full available price history since May 5, 2023	0.41

Return for Risk

COM vs. USE — Risk / Return Rank

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

COM

COM Risk / Return Rank: 70
COM Sharpe Ratio Rank: 64
COM Sortino Ratio Rank: 60
COM Omega Ratio Rank: 67
COM Calmar Ratio Rank: 87
COM Martin Ratio Rank: 75

USE

USE Risk / Return Rank: 33
USE Sharpe Ratio Rank: 37
USE Sortino Ratio Rank: 38
USE Omega Ratio Rank: 35
USE Calmar Ratio Rank: 32
USE Martin Ratio Rank: 24

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.

COM vs. USE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Auspice Broad Commodity Strategy ETF (COM) and USCF Energy Commodity Strategy Absolute Return Fund (USE). 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.

	COM	USE	Difference
Sharpe ratio: Return per unit of total volatility	2.16	1.32	+0.85
Sortino ratio: Return per unit of downside risk	2.89	1.94	+0.95
Omega ratio: Gain probability vs. loss probability	1.41	1.23	+0.18
Calmar ratio: Return relative to maximum drawdown	4.95	1.58	+3.37
Martin ratio: Return relative to average drawdown	14.37	3.10	+11.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

COM vs. USE - Sharpe Ratio Comparison

The current COM Sharpe Ratio is 2.16, which is higher than the USE Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of COM and USE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	COM	USE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.16	1.32	+0.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.70	+0.02

Drawdowns

COM vs. USE - Drawdown Comparison

The maximum COM drawdown since its inception was -15.95%, smaller than the maximum USE drawdown of -26.24%. Use the drawdown chart below to compare losses from any high point for COM and USE.

Drawdown Indicators

	COM	USE	Difference
Max Drawdown Largest peak-to-trough decline	-15.95%	-26.24%	+10.29%
Max Drawdown (1Y) Largest decline over 1 year	-4.55%	-26.24%	+21.69%
Max Drawdown (3Y) Largest decline over 3 years	-8.50%	-26.24%	+17.74%
Max Drawdown (5Y) Largest decline over 5 years	-14.02%	—	—
Current Drawdown Current decline from peak	-4.55%	-4.44%	-0.11%
Average Drawdown Average peak-to-trough decline	-6.28%	-7.96%	+1.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.56%	13.32%	-11.76%

Volatility

COM vs. USE - Volatility Comparison

The current volatility for Direxion Auspice Broad Commodity Strategy ETF (COM) is 4.04%, while USCF Energy Commodity Strategy Absolute Return Fund (USE) has a volatility of 11.11%. This indicates that COM experiences smaller price fluctuations and is considered to be less risky than USE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COM	USE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.04%	11.11%	-7.07%
Volatility (6M) Calculated over the trailing 6-month period	8.60%	25.86%	-17.26%
Volatility (1Y) Calculated over the trailing 1-year period	10.41%	31.46%	-21.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.60%	27.06%	-17.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.77%	27.06%	-17.29%

COM vs. USE - Expense Ratio Comparison

COM has a 0.70% expense ratio, which is lower than USE's 0.79% expense ratio.

Dividends

COM vs. USE - Dividend Comparison

COM's dividend yield for the trailing twelve months is around 2.46%, more than USE's 2.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
COM Direxion Auspice Broad Commodity Strategy ETF	2.46%	2.99%	3.88%	3.80%	8.59%	10.32%	0.13%	1.09%	2.36%	0.09%
USE USCF Energy Commodity Strategy Absolute Return Fund	2.06%	3.06%	38.65%	4.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both COM and USE in my portfolio?

COM and USE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COM or USE?

USE has higher volatility (11.11%) compared to COM (4.04%). In terms of maximum drawdown, COM dropped -15.95% vs USE's -26.24%.

Which ETF is better, COM or USE?

On 3-year performance, USE leads with 17.85% vs 7.16% for COM. On fees, COM is cheaper at 0.70% per year. On volatility, COM has been the lower-risk option at 4.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COM or USE?

Over the 3-year period, USE has performed better with a 17.85% return vs 7.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COM or USE?

COM is cheaper with a 0.70% expense ratio, compared with 0.79% for USE.

Which ETF pays a higher dividend yield, COM or USE?

COM has the higher dividend yield at 2.46%, compared with 2.06% for USE.

What is the main difference between COM and USE?

They also come from different issuers: Direxion and USCF. Their fees differ too: 0.70% for COM and 0.79% for USE.

Which has better risk-adjusted returns?

COM currently has the higher Sharpe Ratio (2.16 vs 1.32), 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.