QCFNX vs. SDCI

Last updated Jun 24, 2026

QCFNX (AQR CVX Fusion Fund Class N) and SDCI (USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund) are both funds - QCFNX is a Systematic Trend fund actively managed by AQR, while SDCI is a Commodities fund tracking the SummerHaven Dynamic Commodity Index Total Return. QCFNX is actively managed, while SDCI is passively managed. At a 0.14 correlation, their price movements are largely independent. QCFNX charges 2.42%/yr vs 0.60%/yr for SDCI.

Performance

QCFNX vs. SDCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR CVX Fusion Fund Class N (QCFNX) 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, QCFNX achieves a 15.15% return, which is significantly lower than SDCI's 19.77% return.

QCFNX

• 1D: 0.24%
• 1M: -0.62%
• YTD: 15.15%
• 6M: 14.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SDCI

• 1D: -0.43%
• 1M: -7.26%
• YTD: 19.77%
• 6M: 17.11%
• 1Y: 25.06%
• 3Y*: 20.23%
• 5Y*: 19.28%
• 10Y*: —

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

QCFNX vs. SDCI - Yearly Performance Comparison

	2026 (YTD)	2025
QCFNX AQR CVX Fusion Fund Class N	15.15%	1.98%
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund	19.77%	-0.45%

Correlation

The correlation between QCFNX and SDCI is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 6, 2025	0.14

Return for Risk

QCFNX vs. SDCI — Risk / Return Rank

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

QCFNX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SDCI

SDCI Risk / Return Rank: 47
SDCI Sharpe Ratio Rank: 45
SDCI Sortino Ratio Rank: 42
SDCI Omega Ratio Rank: 40
SDCI Calmar Ratio Rank: 54
SDCI Martin Ratio Rank: 52

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.

QCFNX vs. SDCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR CVX Fusion Fund Class N (QCFNX) 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.

	QCFNX	SDCI	Difference
Sharpe ratio: Return per unit of total volatility	—	1.51	—
Sortino ratio: Return per unit of downside risk	—	2.05	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	2.54	—
Martin ratio: Return relative to average drawdown	—	8.69	—

Drawdowns

QCFNX vs. SDCI - Drawdown Comparison

The maximum QCFNX drawdown since its inception was -8.02%, smaller than the maximum SDCI drawdown of -45.79%. Use the drawdown chart below to compare losses from any high point for QCFNX and SDCI.

Drawdown Indicators

	QCFNX	SDCI	Difference
Max Drawdown Largest peak-to-trough decline	-8.02%	-45.79%	+37.77%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.92%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.96%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.55%	—
Current Drawdown Current decline from peak	-2.82%	-9.92%	+7.10%
Average Drawdown Average peak-to-trough decline	-1.71%	-11.55%	+9.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.90%	—

Volatility

Volatility by Period

	QCFNX	SDCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.08%	16.91%	-1.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.08%	18.37%	-3.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.08%	17.05%	-1.97%

QCFNX vs. SDCI - Expense Ratio Comparison

QCFNX has a 2.42% expense ratio, which is higher than SDCI's 0.60% expense ratio.

Dividends

QCFNX vs. SDCI - Dividend Comparison

QCFNX's dividend yield for the trailing twelve months is around 6.71%, more than SDCI's 3.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
QCFNX AQR CVX Fusion Fund Class N	6.71%	7.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund	3.07%	3.68%	5.92%	3.46%	33.49%	19.26%	0.20%	0.93%	0.68%

Frequently Asked Questions

Can I hold both QCFNX and SDCI in my portfolio?

QCFNX and SDCI have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.