IBTP vs. SDCI
IBTP (iShares iBonds Dec 2034 Term Treasury ETF) and SDCI (USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund) are both exchange-traded funds - IBTP is a Government Bonds fund tracking the ICE 2034 Maturity US Treasury Index, while SDCI is a Commodities fund tracking the SummerHaven Dynamic Commodity Index Total Return. Both are passively managed. Over the past year, IBTP returned 0.81% vs 39.13% for SDCI. Their -0.19 correlation means they have often moved in opposite directions in the past. IBTP charges 0.07%/yr vs 0.60%/yr for SDCI.
Performance
IBTP vs. SDCI - Performance Comparison
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Returns By Period
In the year-to-date period, IBTP achieves a -1.35% return, which is significantly lower than SDCI's 31.41% return.
IBTP
- 1D
- -0.34%
- 1M
- -1.20%
- 6M
- -1.18%
- YTD
- -1.35%
- 1Y
- 0.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.03%
SDCI
- 1D
- 0.63%
- 1M
- 10.03%
- 6M
- 20.73%
- YTD
- 31.41%
- 1Y
- 39.13%
- 3Y*
- 20.52%
- 5Y*
- 20.86%
- 10Y*
- —
- ALL TIME*
- 11.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.61M | $1.28M | $1.38M | |
| $5.69M | $7.12M | $7.50M |
IBTP vs. SDCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBTP iShares iBonds Dec 2034 Term Treasury ETF | -1.35% | 8.16% | -0.12% |
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | 31.41% | 17.60% | 7.07% |
Correlation
The correlation between IBTP and SDCI is -0.34, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.34 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2024 | -0.19 |
The correlation between IBTP and SDCI shifts across timeframes, from -0.34 (1 year) to -0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBTP vs. SDCI — Risk / Return Rank
IBTP
SDCI
IBTP vs. SDCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2034 Term Treasury ETF (IBTP) 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.
| IBTP | SDCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.36 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | 3.33 | -2.83 |
| Martin ratioReturn relative to average drawdown | 1.16 | 10.55 | -9.39 |
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Drawdowns
IBTP vs. SDCI - Drawdown Comparison
The maximum IBTP drawdown since its inception was -7.40%, smaller than the maximum SDCI drawdown of -45.79%. Use the drawdown chart below to compare losses from any high point for IBTP and SDCI.
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Drawdown Indicators
| IBTP | SDCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.40% | -45.79% | +38.39% |
Max Drawdown (1Y)Largest decline over 1 year | -3.99% | -11.03% | +7.04% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.96% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.55% | — |
Current DrawdownCurrent decline from peak | -3.52% | -1.53% | -1.99% |
Average DrawdownAverage peak-to-trough decline | -2.15% | -11.47% | +9.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 3.48% | -1.77% |
Volatility
IBTP vs. SDCI - Volatility Comparison
The current volatility for iShares iBonds Dec 2034 Term Treasury ETF (IBTP) is 1.16%, while USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) has a volatility of 5.28%. This indicates that IBTP 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
| IBTP | SDCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 5.28% | -4.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.55% | 14.48% | -10.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.62% | 17.36% | -12.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.88% | 18.44% | -12.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.88% | 17.07% | -11.19% |
IBTP vs. SDCI - Expense Ratio Comparison
IBTP has a 0.07% expense ratio, which is lower than SDCI's 0.60% expense ratio.
Dividends
IBTP vs. SDCI - Dividend Comparison
IBTP's dividend yield for the trailing twelve months is around 4.10%, more than SDCI's 2.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IBTP iShares iBonds Dec 2034 Term Treasury ETF | 3.74% | 3.92% | 1.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | 2.80% | 3.68% | 5.92% | 3.46% | 33.49% | 19.26% | 0.20% | 0.93% | 0.68% |
Frequently Asked Questions
IBTP and SDCI have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDCI has higher volatility (5.28%) compared to IBTP (1.16%). In terms of maximum drawdown, IBTP dropped -7.40% vs SDCI's -45.79%.
On 1-year performance, SDCI leads with 39.13% vs 0.81% for IBTP. On fees, IBTP is cheaper at 0.07% per year. On volatility, IBTP has been the lower-risk option at 1.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SDCI has performed better with a 39.13% return vs 0.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTP is cheaper with a 0.07% expense ratio, compared with 0.60% for SDCI.
IBTP has the higher dividend yield at 3.74%, compared with 2.80% for SDCI.
IBTP is categorized as Government Bonds, while SDCI is Commodities. IBTP tracks ICE 2034 Maturity US Treasury Index, while SDCI tracks SummerHaven Dynamic Commodity Index Total Return. They also come from different issuers: iShares and USCF. Their fees differ too: 0.07% for IBTP and 0.60% for SDCI.
SDCI currently has the higher Sharpe Ratio (2.12 vs 0.43), 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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