DJP vs. SDCI

Last updated Jun 4, 2026

DJP (iPath Bloomberg Commodity Index Total Return ETN) and SDCI (USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund) are both Commodities funds. DJP is passively managed, while SDCI is actively managed. Over the past 5 years, DJP returned 12.46%/yr vs 20.15%/yr for SDCI. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.70% expense ratio.

Performance

DJP vs. SDCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iPath Bloomberg Commodity Index Total Return ETN (DJP) and USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DJP achieves a 30.63% return, which is significantly higher than SDCI's 28.92% return.

DJP

• 1D: 0.02%
• 1M: -3.31%
• YTD: 30.63%
• 6M: 29.34%
• 1Y: 44.52%
• 3Y*: 17.94%
• 5Y*: 12.46%
• 10Y*: 7.36%

SDCI

• 1D: 0.18%
• 1M: -1.11%
• YTD: 28.92%
• 6M: 26.57%
• 1Y: 40.79%
• 3Y*: 23.74%
• 5Y*: 20.15%
• 10Y*: —

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

DJP vs. SDCI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
DJP iPath Bloomberg Commodity Index Total Return ETN	30.63%	17.20%	5.59%	-9.85%	17.46%	31.05%	-4.12%	7.63%	-15.46%
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund	28.92%	17.60%	17.91%	-0.88%	33.23%	36.52%	-10.61%	-2.36%	-13.91%

Correlation

The correlation between DJP and SDCI is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since May 4, 2018	0.79

The correlation between DJP and SDCI has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.

Return for Risk

DJP vs. SDCI — Risk / Return Rank

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

DJP

DJP Risk / Return Rank: 72
DJP Sharpe Ratio Rank: 71
DJP Sortino Ratio Rank: 62
DJP Omega Ratio Rank: 69
DJP Calmar Ratio Rank: 88
DJP Martin Ratio Rank: 71

SDCI

SDCI Risk / Return Rank: 74
SDCI Sharpe Ratio Rank: 74
SDCI Sortino Ratio Rank: 66
SDCI Omega Ratio Rank: 66
SDCI Calmar Ratio Rank: 83
SDCI Martin Ratio Rank: 81

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.

DJP vs. SDCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iPath Bloomberg Commodity Index Total Return ETN (DJP) 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.

	DJP	SDCI	Difference
Sharpe ratio Return per unit of total volatility	2.36	2.44	-0.07
Sortino ratio Return per unit of downside risk	2.95	3.10	-0.15
Omega ratio Gain probability vs. loss probability	1.42	1.41	+0.02
Calmar ratio Return relative to maximum drawdown	5.20	4.53	+0.67
Martin ratio Return relative to average drawdown	13.30	16.31	-3.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DJP vs. SDCI - Sharpe Ratio Comparison

The current DJP Sharpe Ratio is 2.36, which is comparable to the SDCI Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of DJP and SDCI, 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

	DJP	SDCI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.36	2.44	-0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	1.10	-0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.68	-0.68

Drawdowns

DJP vs. SDCI - Drawdown Comparison

The maximum DJP drawdown since its inception was -78.35%, which is greater than SDCI's maximum drawdown of -45.79%. Use the drawdown chart below to compare losses from any high point for DJP and SDCI.

Drawdown Indicators

	DJP	SDCI	Difference
Max Drawdown Largest peak-to-trough decline	-78.35%	-45.79%	-32.56%
Max Drawdown (1Y) Largest decline over 1 year	-8.61%	-9.04%	+0.43%
Max Drawdown (3Y) Largest decline over 3 years	-13.41%	-11.96%	-1.45%
Max Drawdown (5Y) Largest decline over 5 years	-28.98%	-18.55%	-10.43%
Max Drawdown (10Y) Largest decline over 10 years	-38.36%	—	—
Current Drawdown Current decline from peak	-32.82%	-3.04%	-29.78%
Average Drawdown Average peak-to-trough decline	-50.86%	-11.58%	-39.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.36%	2.51%	+0.85%

Volatility

DJP vs. SDCI - Volatility Comparison

iPath Bloomberg Commodity Index Total Return ETN (DJP) has a higher volatility of 5.85% compared to USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) at 4.61%. This indicates that DJP's price experiences larger fluctuations and is considered to be riskier than SDCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DJP	SDCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.85%	4.61%	+1.24%
Volatility (6M) Calculated over the trailing 6-month period	16.64%	14.15%	+2.49%
Volatility (1Y) Calculated over the trailing 1-year period	18.92%	16.83%	+2.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.96%	18.46%	+0.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.06%	17.08%	-0.02%

DJP vs. SDCI - Expense Ratio Comparison

Both DJP and SDCI have an expense ratio of 0.70%.

Dividends

DJP vs. SDCI - Dividend Comparison

DJP has not paid dividends to shareholders, while SDCI's dividend yield for the trailing twelve months is around 2.85%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DJP iPath Bloomberg Commodity Index Total Return ETN	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund	2.85%	3.68%	5.92%	3.46%	33.49%	19.26%	0.20%	0.93%	0.68%

Frequently Asked Questions

Can I hold both DJP and SDCI in my portfolio?

DJP and SDCI have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DJP or SDCI?

DJP has higher volatility (5.85%) compared to SDCI (4.61%). In terms of maximum drawdown, DJP dropped -78.35% vs SDCI's -45.79%.

Which ETF is better, DJP or SDCI?

On 5-year performance, SDCI leads with 20.15% vs 12.46% for DJP. Both ETFs have the same 0.70% expense ratio. On volatility, SDCI has been the lower-risk option at 4.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DJP or SDCI?

Over the 5-year period, SDCI has performed better with a 20.15% return vs 12.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DJP or SDCI?

DJP and SDCI have the same expense ratio: 0.70% per year.

Which ETF pays a higher dividend yield, DJP or SDCI?

SDCI has the higher dividend yield at 2.85%, compared with 0.00% for DJP.

What is the main difference between DJP and SDCI?

They also come from different issuers: Barclays Capital and Wainwright, Inc..

Which has better risk-adjusted returns?

SDCI currently has the higher Sharpe Ratio (2.44 vs 2.36), 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.