FLCO vs. SDCI
FLCO (Franklin Liberty Investment Grade Corporate ETF) and SDCI (USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund) are both exchange-traded funds - FLCO is a Corporate Bonds fund actively managed by Franklin Templeton, while SDCI is a Commodities fund tracking the SummerHaven Dynamic Commodity Index Total Return. FLCO is actively managed, while SDCI is passively managed. Over the past 5 years, FLCO returned -0.26%/yr vs 20.07%/yr for SDCI. At a correlation of -0.02, they often move in opposite directions. FLCO charges 0.35%/yr vs 0.60%/yr for SDCI.
Performance
FLCO vs. SDCI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FLCO achieves a 0.05% return, which is significantly lower than SDCI's 24.19% return.
FLCO
- 1D
- -0.26%
- 1M
- -0.63%
- 6M
- -0.18%
- YTD
- 0.05%
- 1Y
- 3.94%
- 3Y*
- 5.01%
- 5Y*
- -0.26%
- 10Y*
- —
SDCI
- 1D
- -0.49%
- 1M
- 0.77%
- 6M
- 22.42%
- YTD
- 24.19%
- 1Y
- 28.33%
- 3Y*
- 20.87%
- 5Y*
- 20.07%
- 10Y*
- —
FLCO vs. SDCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLCO Franklin Liberty Investment Grade Corporate ETF | 0.05% | 7.53% | 1.93% | 7.94% | -16.08% | -2.06% | 10.01% | 14.82% | 0.31% |
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | 24.19% | 17.60% | 17.91% | -0.88% | 33.23% | 36.52% | -10.61% | -2.36% | -13.91% |
Correlation
The correlation between FLCO and SDCI is -0.27, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since May 3, 2018 | -0.02 |
Over the past year, the inverse relationship between FLCO and SDCI has strengthened: their correlation has moved from -0.02 to -0.27, meaning they now move in opposite directions more often than their long-term average.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FLCO vs. SDCI — Risk / Return Rank
FLCO
SDCI
FLCO vs. SDCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty Investment Grade Corporate ETF (FLCO) 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.
| FLCO | SDCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.30 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 2.74 | -1.46 |
| Martin ratioReturn relative to average drawdown | 3.75 | 8.61 | -4.86 |
Loading charts...
Drawdowns
FLCO vs. SDCI - Drawdown Comparison
The maximum FLCO drawdown since its inception was -22.71%, smaller than the maximum SDCI drawdown of -45.79%. Use the drawdown chart below to compare losses from any high point for FLCO and SDCI.
Loading charts...
Drawdown Indicators
| FLCO | SDCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.71% | -45.79% | +23.08% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -11.03% | +8.27% |
Max Drawdown (3Y)Largest decline over 3 years | -6.59% | -11.96% | +5.37% |
Max Drawdown (5Y)Largest decline over 5 years | -22.48% | -18.55% | -3.93% |
Current DrawdownCurrent decline from peak | -2.71% | -6.59% | +3.88% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -11.53% | +5.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 3.50% | -2.56% |
Volatility
FLCO vs. SDCI - Volatility Comparison
The current volatility for Franklin Liberty Investment Grade Corporate ETF (FLCO) is 1.27%, while USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) has a volatility of 4.84%. This indicates that FLCO 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.
Loading charts...
Volatility by Period
| FLCO | SDCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 4.84% | -3.57% |
Volatility (6M)Calculated over the trailing 6-month period | 3.40% | 14.60% | -11.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 17.04% | -12.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.15% | 18.39% | -11.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.81% | 17.07% | -10.26% |
FLCO vs. SDCI - Expense Ratio Comparison
FLCO has a 0.35% expense ratio, which is lower than SDCI's 0.60% expense ratio.
Dividends
FLCO vs. SDCI - Dividend Comparison
FLCO's dividend yield for the trailing twelve months is around 4.71%, more than SDCI's 2.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FLCO Franklin Liberty Investment Grade Corporate ETF | 4.71% | 4.60% | 4.63% | 3.83% | 3.85% | 2.85% | 3.99% | 3.39% | 3.86% | 3.33% | 0.51% |
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | 2.96% | 3.68% | 5.92% | 3.46% | 33.49% | 19.26% | 0.20% | 0.93% | 0.68% | 0.00% | 0.00% |
Frequently Asked Questions
FLCO and SDCI have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDCI has higher volatility (4.84%) compared to FLCO (1.27%). In terms of maximum drawdown, FLCO dropped -22.71% vs SDCI's -45.79%.
On 5-year performance, SDCI leads with 20.07% vs -0.26% for FLCO. On fees, FLCO is cheaper at 0.35% per year. On volatility, FLCO has been the lower-risk option at 1.27%. 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 20.07% return vs -0.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLCO is cheaper with a 0.35% expense ratio, compared with 0.60% for SDCI.
FLCO has the higher dividend yield at 4.71%, compared with 2.96% for SDCI.
FLCO is categorized as Corporate Bonds, while SDCI is Commodities. They also come from different issuers: Franklin Templeton and USCF Investments. Their fees differ too: 0.35% for FLCO and 0.60% for SDCI.
SDCI currently has the higher Sharpe Ratio (1.77 vs 0.81), 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.
Find the right allocation for FLCO and SDCI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer