FLGV vs. SDCI
FLGV (Franklin Liberty U.S. Treasury Bond ETF) and SDCI (USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund) are both exchange-traded funds - FLGV is a Government Bonds fund actively managed by Franklin Templeton, while SDCI is a Commodities fund tracking the SummerHaven Dynamic Commodity Index Total Return. FLGV is actively managed, while SDCI is passively managed. Over the past 5 years, FLGV returned -0.38%/yr vs 20.07%/yr for SDCI. At a correlation of -0.09, they often move in opposite directions. FLGV charges 0.09%/yr vs 0.60%/yr for SDCI.
Performance
FLGV vs. SDCI - Performance Comparison
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Returns By Period
FLGV
- 1D
- -0.05%
- 1M
- -0.23%
- 6M
- -0.17%
- YTD
- -0.00%
- 1Y
- 3.20%
- 3Y*
- 3.26%
- 5Y*
- -0.38%
- 10Y*
- —
SDCI
- 1D
- -0.49%
- 1M
- 0.77%
- 6M
- 22.42%
- YTD
- 24.19%
- 1Y
- 28.33%
- 3Y*
- 20.87%
- 5Y*
- 20.07%
- 10Y*
- —
FLGV vs. SDCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FLGV Franklin Liberty U.S. Treasury Bond ETF | -0.00% | 6.22% | 0.62% | 4.18% | -11.53% | -2.39% | -0.27% |
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | 24.19% | 17.60% | 17.91% | -0.88% | 33.23% | 36.52% | 21.57% |
Correlation
The correlation between FLGV and SDCI is -0.33, 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 | -0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2020 | -0.09 |
Over the past year, the inverse relationship between FLGV and SDCI has strengthened: their correlation has moved from -0.09 to -0.33, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
FLGV vs. SDCI — Risk / Return Rank
FLGV
SDCI
FLGV vs. SDCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty U.S. Treasury Bond ETF (FLGV) 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.
| FLGV | SDCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.30 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 2.74 | -1.74 |
| Martin ratioReturn relative to average drawdown | 2.67 | 8.61 | -5.94 |
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Drawdowns
FLGV vs. SDCI - Drawdown Comparison
The maximum FLGV drawdown since its inception was -17.63%, smaller than the maximum SDCI drawdown of -45.79%. Use the drawdown chart below to compare losses from any high point for FLGV and SDCI.
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Drawdown Indicators
| FLGV | SDCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.63% | -45.79% | +28.16% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -11.03% | +8.21% |
Max Drawdown (3Y)Largest decline over 3 years | -5.23% | -11.96% | +6.73% |
Max Drawdown (5Y)Largest decline over 5 years | -15.26% | -18.55% | +3.29% |
Current DrawdownCurrent decline from peak | -5.60% | -6.59% | +0.99% |
Average DrawdownAverage peak-to-trough decline | -8.67% | -11.53% | +2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 3.50% | -2.45% |
Volatility
FLGV vs. SDCI - Volatility Comparison
The current volatility for Franklin Liberty U.S. Treasury Bond ETF (FLGV) is 1.22%, while USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) has a volatility of 4.84%. This indicates that FLGV 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.
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Volatility by Period
| FLGV | SDCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 4.84% | -3.62% |
Volatility (6M)Calculated over the trailing 6-month period | 2.70% | 14.60% | -11.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 17.04% | -13.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.44% | 18.39% | -12.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.13% | 17.07% | -11.94% |
FLGV vs. SDCI - Expense Ratio Comparison
FLGV has a 0.09% expense ratio, which is lower than SDCI's 0.60% expense ratio.
Dividends
FLGV vs. SDCI - Dividend Comparison
FLGV's dividend yield for the trailing twelve months is around 4.20%, more than SDCI's 2.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FLGV Franklin Liberty U.S. Treasury Bond ETF | 4.20% | 4.07% | 4.13% | 3.46% | 2.21% | 1.92% | 0.97% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
FLGV and SDCI have a correlation of -0.33, 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 FLGV (1.22%). In terms of maximum drawdown, FLGV dropped -17.63% vs SDCI's -45.79%.
On 5-year performance, SDCI leads with 20.07% vs -0.38% for FLGV. On fees, FLGV is cheaper at 0.09% per year. On volatility, FLGV has been the lower-risk option at 1.22%. 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 -0.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLGV is cheaper with a 0.09% expense ratio, compared with 0.60% for SDCI.
FLGV has the higher dividend yield at 4.20%, compared with 2.96% for SDCI.
FLGV is categorized as Government Bonds, while SDCI is Commodities. They also come from different issuers: Franklin Templeton and USCF Investments. Their fees differ too: 0.09% for FLGV and 0.60% for SDCI.
SDCI currently has the higher Sharpe Ratio (1.77 vs 0.76), 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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