FCG vs. SDCI
FCG (First Trust Natural Gas ETF) and SDCI (USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund) are both exchange-traded funds - FCG is a Energy Equities fund tracking the ISE-Revere Natural Gas Index, while SDCI is a Commodities fund tracking the SummerHaven Dynamic Commodity Index Total Return. Both are passively managed. Over the past 5 years, FCG returned 13.77%/yr vs 19.28%/yr for SDCI. A 0.50 correlation means they provide meaningful diversification when combined. Both charge a 0.60% expense ratio.
Performance
FCG vs. SDCI - Performance Comparison
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Returns By Period
In the year-to-date period, FCG achieves a 17.54% return, which is significantly lower than SDCI's 19.77% return.
FCG
- 1D
- 0.26%
- 1M
- -9.72%
- YTD
- 17.54%
- 6M
- 17.54%
- 1Y
- 16.99%
- 3Y*
- 10.20%
- 5Y*
- 13.77%
- 10Y*
- 3.91%
SDCI
- 1D
- -0.43%
- 1M
- -7.26%
- YTD
- 19.77%
- 6M
- 17.11%
- 1Y
- 25.06%
- 3Y*
- 20.23%
- 5Y*
- 19.28%
- 10Y*
- —
FCG vs. SDCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FCG First Trust Natural Gas ETF | 17.54% | -2.28% | 4.16% | 2.55% | 47.24% | 98.49% | -23.20% | -15.76% | -32.86% |
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | 19.77% | 17.60% | 17.91% | -0.88% | 33.23% | 36.52% | -10.61% | -2.36% | -13.91% |
Correlation
The correlation between FCG and SDCI is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since May 3, 2018 | 0.50 |
The correlation between FCG and SDCI shifts across timeframes, from 0.50 (all time) to 0.61 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FCG vs. SDCI — Risk / Return Rank
FCG
SDCI
FCG vs. SDCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Natural Gas ETF (FCG) 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.
| FCG | SDCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.26 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | 2.54 | -1.58 |
| Martin ratioReturn relative to average drawdown | 2.77 | 8.69 | -5.92 |
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Drawdowns
FCG vs. SDCI - Drawdown Comparison
The maximum FCG drawdown since its inception was -97.20%, which is greater than SDCI's maximum drawdown of -45.79%. Use the drawdown chart below to compare losses from any high point for FCG and SDCI.
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Drawdown Indicators
| FCG | SDCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.20% | -45.79% | -51.41% |
Max Drawdown (1Y)Largest decline over 1 year | -17.90% | -9.92% | -7.98% |
Max Drawdown (3Y)Largest decline over 3 years | -29.44% | -11.96% | -17.48% |
Max Drawdown (5Y)Largest decline over 5 years | -33.33% | -18.55% | -14.78% |
Max Drawdown (10Y)Largest decline over 10 years | -85.04% | — | — |
Current DrawdownCurrent decline from peak | -76.30% | -9.92% | -66.38% |
Average DrawdownAverage peak-to-trough decline | -65.39% | -11.55% | -53.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.16% | 2.90% | +3.26% |
Volatility
FCG vs. SDCI - Volatility Comparison
First Trust Natural Gas ETF (FCG) has a higher volatility of 9.31% compared to USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) at 3.14%. This indicates that FCG'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.
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Volatility by Period
| FCG | SDCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.31% | 3.14% | +6.17% |
Volatility (6M)Calculated over the trailing 6-month period | 20.32% | 14.30% | +6.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.29% | 16.91% | +10.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.43% | 18.37% | +15.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.29% | 17.05% | +21.24% |
FCG vs. SDCI - Expense Ratio Comparison
Both FCG and SDCI have an expense ratio of 0.60%.
Dividends
FCG vs. SDCI - Dividend Comparison
FCG's dividend yield for the trailing twelve months is around 2.33%, less than SDCI's 3.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCG First Trust Natural Gas ETF | 2.33% | 2.86% | 2.76% | 3.25% | 3.04% | 1.73% | 3.82% | 2.87% | 1.46% | 1.56% | 1.70% | 4.79% |
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | 3.07% | 3.68% | 5.92% | 3.46% | 33.49% | 19.26% | 0.20% | 0.93% | 0.68% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FCG and SDCI have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCG has higher volatility (9.31%) compared to SDCI (3.14%). In terms of maximum drawdown, FCG dropped -97.20% vs SDCI's -45.79%.
On 5-year performance, SDCI leads with 19.28% vs 13.77% for FCG. Both ETFs have the same 0.60% expense ratio. On volatility, SDCI has been the lower-risk option at 3.14%. 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 19.28% return vs 13.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FCG and SDCI have the same expense ratio: 0.60% per year.
SDCI has the higher dividend yield at 3.07%, compared with 2.33% for FCG.
FCG is categorized as Energy Equities, while SDCI is Commodities. FCG tracks ISE-Revere Natural Gas Index, while SDCI tracks SummerHaven Dynamic Commodity Index Total Return. They also come from different issuers: First Trust and USCF Investments.
SDCI currently has the higher Sharpe Ratio (1.51 vs 0.63), 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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