PIT vs. SDCI

Last updated Aug 2, 2026

PIT (VanEck Commodity Strategy ETF) and SDCI (USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund) are both Commodities funds. PIT is actively managed, while SDCI is passively managed. Over the past 3 years, PIT returned 19.64%/yr vs 20.52%/yr for SDCI. Their correlation of 0.87 means they have usually moved in the same direction. PIT charges 0.55%/yr vs 0.60%/yr for SDCI.

Performance

PIT vs. SDCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Commodity Strategy ETF (PIT) 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, PIT achieves a 39.56% return, which is significantly higher than SDCI's 31.41% return.

PIT

• 1D: -0.05%
• 1M: 12.06%
• 6M: 25.04%
• YTD: 39.56%
• 1Y: 56.01%
• 3Y*: 19.64%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.95%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PIT VanEck Commodity Strategy ETF	$1.38M	$2.80M	$3.76M
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund	$5.69M	$7.12M	$7.50M

PIT vs. SDCI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PIT VanEck Commodity Strategy ETF	39.56%	21.63%	6.77%	-4.54%	1.67%
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund	31.41%	17.60%	17.91%	-0.88%	2.40%

Correlation

The correlation between PIT and SDCI is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (All Time) Calculated using the full available price history since Dec 22, 2022	0.87

The correlation between PIT and SDCI has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.

Return for Risk

PIT vs. SDCI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PIT

PIT Risk / Return Rank: 88
PIT Sharpe Ratio Rank: 93
PIT Sortino Ratio Rank: 89
PIT Omega Ratio Rank: 90
PIT Calmar Ratio Rank: 84
PIT Martin Ratio Rank: 82

SDCI

SDCI Risk / Return Rank: 85
SDCI Sharpe Ratio Rank: 88
SDCI Sortino Ratio Rank: 85
SDCI Omega Ratio Rank: 83
SDCI Calmar Ratio Rank: 86
SDCI Martin Ratio Rank: 81

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PIT vs. SDCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Commodity Strategy ETF (PIT) 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.

	PIT	SDCI	Difference
Sharpe ratio: Return per unit of total volatility	2.47	2.12	+0.34
Sortino ratio: Return per unit of downside risk	3.08	2.81	+0.27
Omega ratio: Gain probability vs. loss probability	1.42	1.36	+0.06
Calmar ratio: Return relative to maximum drawdown	3.19	3.33	-0.14
Martin ratio: Return relative to average drawdown	10.87	10.55	+0.32

PIT vs. SDCI - Sharpe Ratio Comparison

The current PIT Sharpe Ratio is 2.47, which is comparable to the SDCI Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of PIT 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.

Drawdowns

PIT vs. SDCI - Drawdown Comparison

The maximum PIT drawdown since its inception was -17.20%, smaller than the maximum SDCI drawdown of -45.79%. Use the drawdown chart below to compare losses from any high point for PIT and SDCI.

Drawdown Indicators

	PIT	SDCI	Difference
Max Drawdown Largest peak-to-trough decline	-17.20%	-45.79%	+28.59%
Max Drawdown (1Y) Largest decline over 1 year	-17.20%	-11.03%	-6.17%
Max Drawdown (3Y) Largest decline over 3 years	-17.20%	-11.96%	-5.24%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.55%	—
Current Drawdown Current decline from peak	-5.78%	-1.53%	-4.25%
Average Drawdown Average peak-to-trough decline	-4.27%	-11.47%	+7.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.05%	3.48%	+1.57%

Volatility

PIT vs. SDCI - Volatility Comparison

VanEck Commodity Strategy ETF (PIT) has a higher volatility of 6.47% compared to USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) at 5.28%. This indicates that PIT's price experiences larger fluctuations and is considered to be riskier than SDCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PIT	SDCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.47%	5.28%	+1.19%
Volatility (6M) Calculated over the trailing 6-month period	19.93%	14.48%	+5.45%
Volatility (1Y) Calculated over the trailing 1-year period	22.30%	17.36%	+4.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.70%	18.44%	-0.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.70%	17.07%	+0.63%

PIT vs. SDCI - Expense Ratio Comparison

PIT has a 0.55% expense ratio, which is lower than SDCI's 0.60% expense ratio.

Dividends

PIT vs. SDCI - Dividend Comparison

PIT's dividend yield for the trailing twelve months is around 6.39%, more than SDCI's 2.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
PIT VanEck Commodity Strategy ETF	6.39%	8.92%	3.59%	6.44%	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

Can I hold both PIT and SDCI in my portfolio?

With a correlation of 0.91, PIT and SDCI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PIT or SDCI?

PIT has higher volatility (6.47%) compared to SDCI (5.28%). In terms of maximum drawdown, PIT dropped -17.20% vs SDCI's -45.79%.

Which ETF is better, PIT or SDCI?

On 3-year performance, SDCI leads with 20.52% vs 19.64% for PIT. On fees, PIT is cheaper at 0.55% per year. On volatility, SDCI has been the lower-risk option at 5.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PIT or SDCI?

Over the 3-year period, SDCI has performed better with a 20.52% return vs 19.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PIT or SDCI?

PIT is cheaper with a 0.55% expense ratio, compared with 0.60% for SDCI.

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

PIT has the higher dividend yield at 6.39%, compared with 2.80% for SDCI.

What is the main difference between PIT and SDCI?

They also come from different issuers: VanEck and USCF. Their fees differ too: 0.55% for PIT and 0.60% for SDCI.

Which has better risk-adjusted returns?

PIT currently has the higher Sharpe Ratio (2.47 vs 2.12), 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.