FLJH vs. SDCI

Last updated Jun 4, 2026

FLJH (Franklin FTSE Japan Hedged ETF) and SDCI (USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund) are both exchange-traded funds - FLJH is a Japan Equities fund tracking the FTSE Japan RIC Capped Hedged to USD Net Tax Index, while SDCI is a Commodities fund actively managed by Wainwright, Inc.. FLJH is passively managed, while SDCI is actively managed. Over the past 5 years, FLJH returned 20.80%/yr vs 20.15%/yr for SDCI. At a 0.14 correlation, their price movements are largely independent. FLJH charges 0.09%/yr vs 0.70%/yr for SDCI.

Performance

FLJH vs. SDCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE Japan Hedged ETF (FLJH) 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, FLJH achieves a 20.31% return, which is significantly lower than SDCI's 28.92% return.

FLJH

• 1D: 0.71%
• 1M: 8.59%
• YTD: 20.31%
• 6M: 18.71%
• 1Y: 46.83%
• 3Y*: 27.99%
• 5Y*: 20.80%
• 10Y*: —

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)

FLJH vs. SDCI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FLJH Franklin FTSE Japan Hedged ETF	20.31%	25.26%	25.89%	36.02%	-2.75%	12.68%	10.65%	20.34%	-13.83%
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 FLJH and SDCI is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (All Time) Calculated using the full available price history since May 4, 2018	0.14

The correlation between FLJH and SDCI shifts across timeframes, from -0.05 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.

FLJH vs. SDCI - Sectors Allocation Comparison

Sectors	FLJH	SDCI
Industrials	26.6%	-
Technology	17.4%	-
Financial Services	15.9%	15.4%
Consumer Cyclical	12.8%	-
Communication Services	7.1%	-
Healthcare	5.9%	-
Basic Materials	4.3%	-
Consumer Defensive	4.2%	-
Real Estate	3.4%	-
Utilities	1.3%	-
Energy	1.0%	-

Return for Risk

FLJH vs. SDCI — Risk / Return Rank

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

FLJH

FLJH Risk / Return Rank: 80
FLJH Sharpe Ratio Rank: 79
FLJH Sortino Ratio Rank: 79
FLJH Omega Ratio Rank: 79
FLJH Calmar Ratio Rank: 82
FLJH Martin Ratio Rank: 83

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.

FLJH vs. SDCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Japan Hedged ETF (FLJH) 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.

	FLJH	SDCI	Difference
Sharpe ratio Return per unit of total volatility	2.62	2.44	+0.18
Sortino ratio Return per unit of downside risk	3.61	3.10	+0.51
Omega ratio Gain probability vs. loss probability	1.48	1.41	+0.08
Calmar ratio Return relative to maximum drawdown	4.36	4.53	-0.17
Martin ratio Return relative to average drawdown	17.09	16.31	+0.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLJH vs. SDCI - Sharpe Ratio Comparison

The current FLJH Sharpe Ratio is 2.62, which is comparable to the SDCI Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of FLJH 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

	FLJH	SDCI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.62	2.44	+0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.13	1.10	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.68	+0.07

Drawdowns

FLJH vs. SDCI - Drawdown Comparison

The maximum FLJH drawdown since its inception was -31.51%, smaller than the maximum SDCI drawdown of -45.79%. Use the drawdown chart below to compare losses from any high point for FLJH and SDCI.

Drawdown Indicators

	FLJH	SDCI	Difference
Max Drawdown Largest peak-to-trough decline	-31.51%	-45.79%	+14.28%
Max Drawdown (1Y) Largest decline over 1 year	-10.80%	-9.04%	-1.76%
Max Drawdown (3Y) Largest decline over 3 years	-20.39%	-11.96%	-8.43%
Max Drawdown (5Y) Largest decline over 5 years	-20.39%	-18.55%	-1.84%
Current Drawdown Current decline from peak	0.00%	-3.04%	+3.04%
Average Drawdown Average peak-to-trough decline	-5.32%	-11.58%	+6.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.75%	2.51%	+0.24%

Volatility

FLJH vs. SDCI - Volatility Comparison

The current volatility for Franklin FTSE Japan Hedged ETF (FLJH) is 3.45%, while USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) has a volatility of 4.61%. This indicates that FLJH 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.

Volatility by Period

	FLJH	SDCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.45%	4.61%	-1.16%
Volatility (6M) Calculated over the trailing 6-month period	13.38%	14.15%	-0.77%
Volatility (1Y) Calculated over the trailing 1-year period	17.98%	16.83%	+1.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.51%	18.46%	+0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.82%	17.08%	+2.74%

FLJH vs. SDCI - Expense Ratio Comparison

FLJH has a 0.09% expense ratio, which is lower than SDCI's 0.70% expense ratio.

Dividends

FLJH vs. SDCI - Dividend Comparison

FLJH's dividend yield for the trailing twelve months is around 3.24%, more than SDCI's 2.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLJH Franklin FTSE Japan Hedged ETF	3.24%	3.90%	5.06%	25.59%	26.67%	1.29%	0.00%	0.00%	5.92%	0.10%
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%	0.00%

Frequently Asked Questions

Can I hold both FLJH and SDCI in my portfolio?

FLJH and SDCI have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLJH or SDCI?

SDCI has higher volatility (4.61%) compared to FLJH (3.45%). In terms of maximum drawdown, FLJH dropped -31.51% vs SDCI's -45.79%.

Which ETF is better, FLJH or SDCI?

On 5-year performance, FLJH leads with 20.80% vs 20.15% for SDCI. On fees, FLJH is cheaper at 0.09% per year. On volatility, FLJH has been the lower-risk option at 3.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLJH or SDCI?

Over the 5-year period, FLJH has performed better with a 20.80% return vs 20.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLJH or SDCI?

FLJH is cheaper with a 0.09% expense ratio, compared with 0.70% for SDCI.

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

FLJH has the higher dividend yield at 3.24%, compared with 2.85% for SDCI.

What is the main difference between FLJH and SDCI?

FLJH is categorized as Japan Equities, while SDCI is Commodities. They also come from different issuers: Franklin Templeton and Wainwright, Inc.. Their fees differ too: 0.09% for FLJH and 0.70% for SDCI.

Which has better risk-adjusted returns?

FLJH currently has the higher Sharpe Ratio (2.62 vs 2.44), 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.