OUSM vs. USCI
OUSM (OShares U.S. Small-Cap Quality Dividend ETF) and USCI (United States Commodity Index Fund) are both exchange-traded funds - OUSM is a Small Cap Blend Equities fund tracking the O'Shares US Small-Cap Quality Dividend Index, while USCI is a Commodities fund tracking the SummerHaven Dynamic Commodity (TR). Both are passively managed. Over the past 5 years, OUSM returned 7.57%/yr vs 18.23%/yr for USCI. At a 0.21 correlation, their price movements are largely independent. OUSM charges 0.48%/yr vs 1.03%/yr for USCI.
Performance
OUSM vs. USCI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, OUSM achieves a 8.25% return, which is significantly lower than USCI's 22.58% return.
OUSM
- 1D
- 0.94%
- 1M
- 3.32%
- YTD
- 8.25%
- 6M
- 6.15%
- 1Y
- 13.62%
- 3Y*
- 11.20%
- 5Y*
- 7.57%
- 10Y*
- —
USCI
- 1D
- -0.94%
- 1M
- -5.98%
- YTD
- 22.58%
- 6M
- 20.76%
- 1Y
- 27.13%
- 3Y*
- 21.04%
- 5Y*
- 18.23%
- 10Y*
- 8.19%
OUSM vs. USCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OUSM OShares U.S. Small-Cap Quality Dividend ETF | 8.25% | 2.17% | 13.45% | 18.82% | -7.89% | 21.45% | 7.64% | 28.04% | -10.60% | 10.85% |
USCI United States Commodity Index Fund | 22.58% | 17.63% | 17.24% | -0.00% | 29.47% | 33.07% | -11.47% | -1.68% | -11.76% | 6.32% |
Correlation
The correlation between OUSM and USCI is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 2016 | 0.21 |
The correlation between OUSM and USCI shifts across timeframes, from -0.10 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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
OUSM vs. USCI — Risk / Return Rank
OUSM
USCI
OUSM vs. USCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for OShares U.S. Small-Cap Quality Dividend ETF (OUSM) and United States Commodity Index Fund (USCI). 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.
| OUSM | USCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.30 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 3.34 | -2.05 |
| Martin ratioReturn relative to average drawdown | 3.76 | 10.82 | -7.06 |
Loading charts...
Drawdowns
OUSM vs. USCI - Drawdown Comparison
The maximum OUSM drawdown since its inception was -39.84%, smaller than the maximum USCI drawdown of -66.41%. Use the drawdown chart below to compare losses from any high point for OUSM and USCI.
Loading charts...
Drawdown Indicators
| OUSM | USCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.84% | -66.41% | +26.57% |
Max Drawdown (1Y)Largest decline over 1 year | -9.21% | -8.73% | -0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -19.44% | -12.01% | -7.43% |
Max Drawdown (5Y)Largest decline over 5 years | -19.44% | -18.84% | -0.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.82% | — |
Current DrawdownCurrent decline from peak | -0.33% | -7.36% | +7.03% |
Average DrawdownAverage peak-to-trough decline | -5.20% | -29.46% | +24.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 2.69% | +0.46% |
Volatility
OUSM vs. USCI - Volatility Comparison
OShares U.S. Small-Cap Quality Dividend ETF (OUSM) has a higher volatility of 3.89% compared to United States Commodity Index Fund (USCI) at 3.42%. This indicates that OUSM's price experiences larger fluctuations and is considered to be riskier than USCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| OUSM | USCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.89% | 3.42% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 9.31% | 14.11% | -4.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.26% | 16.78% | -3.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 18.45% | -2.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.92% | 15.85% | +3.07% |
OUSM vs. USCI - Expense Ratio Comparison
OUSM has a 0.48% expense ratio, which is lower than USCI's 1.03% expense ratio.
Dividends
OUSM vs. USCI - Dividend Comparison
OUSM's dividend yield for the trailing twelve months is around 2.04%, while USCI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
OUSM OShares U.S. Small-Cap Quality Dividend ETF | 2.04% | 2.09% | 1.62% | 1.64% | 1.98% | 1.55% | 2.02% | 1.99% | 2.63% | 2.17% |
USCI United States Commodity Index Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
OUSM and USCI have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OUSM has higher volatility (3.89%) compared to USCI (3.42%). In terms of maximum drawdown, OUSM dropped -39.84% vs USCI's -66.41%.
On 5-year performance, USCI leads with 18.23% vs 7.57% for OUSM. On fees, OUSM is cheaper at 0.48% per year. On volatility, USCI has been the lower-risk option at 3.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, USCI has performed better with a 18.23% return vs 7.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OUSM is cheaper with a 0.48% expense ratio, compared with 1.03% for USCI.
OUSM has the higher dividend yield at 2.04%, compared with 0.00% for USCI.
OUSM is categorized as Small Cap Blend Equities, while USCI is Commodities. OUSM tracks O'Shares US Small-Cap Quality Dividend Index, while USCI tracks SummerHaven Dynamic Commodity (TR). They also come from different issuers: O'Shares Investments and Concierge Technologies. Their fees differ too: 0.48% for OUSM and 1.03% for USCI.
USCI currently has the higher Sharpe Ratio (1.74 vs 0.89), 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 OUSM and USCI
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