SCLS vs. ZSC

Last updated Jun 6, 2026

SCLS (Stoneport Advisors Commodity Long Short ETF) and ZSC (USCF Sustainable Commodity Strategy Fund) are both Commodities funds. SCLS is passively managed, while ZSC is actively managed. At a 0.22 correlation, their price movements are largely independent. SCLS charges 1.10%/yr vs 0.59%/yr for ZSC.

Performance

SCLS vs. ZSC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Stoneport Advisors Commodity Long Short ETF (SCLS) and USCF Sustainable Commodity Strategy Fund (ZSC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCLS achieves a 21.94% return, which is significantly higher than ZSC's 6.19% return.

SCLS

• 1D: -0.49%
• 1M: -1.08%
• YTD: 21.94%
• 6M: 21.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ZSC

• 1D: -2.41%
• 1M: -3.64%
• YTD: 6.19%
• 6M: 11.51%
• 1Y: 30.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SCLS vs. ZSC - Yearly Performance Comparison

	2026 (YTD)	2025
SCLS Stoneport Advisors Commodity Long Short ETF	21.94%	1.61%
ZSC USCF Sustainable Commodity Strategy Fund	6.19%	3.86%

Correlation

The correlation between SCLS and ZSC is 0.22, 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 5, 2025	0.22

Return for Risk

SCLS vs. ZSC — Risk / Return Rank

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

ZSC

ZSC Risk / Return Rank: 75
ZSC Sharpe Ratio Rank: 77
ZSC Sortino Ratio Rank: 72
ZSC Omega Ratio Rank: 79
ZSC Calmar Ratio Rank: 80
ZSC Martin Ratio Rank: 69

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.

SCLS vs. ZSC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Stoneport Advisors Commodity Long Short ETF (SCLS) and USCF Sustainable Commodity Strategy Fund (ZSC). 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.

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

Sharpe Ratios by Period

	SCLS	ZSC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.39	0.12	+2.27

Drawdowns

SCLS vs. ZSC - Drawdown Comparison

The maximum SCLS drawdown since its inception was -7.90%, smaller than the maximum ZSC drawdown of -26.49%. Use the drawdown chart below to compare losses from any high point for SCLS and ZSC.

Drawdown Indicators

	SCLS	ZSC	Difference
Max Drawdown Largest peak-to-trough decline	-7.90%	-26.49%	+18.59%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.69%	—
Current Drawdown Current decline from peak	-4.41%	-5.63%	+1.22%
Average Drawdown Average peak-to-trough decline	-1.37%	-14.71%	+13.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.52%	—

Volatility

Volatility by Period

	SCLS	ZSC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.96%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.44%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.77%	12.93%	+5.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.77%	12.31%	+6.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.77%	12.31%	+6.46%

SCLS vs. ZSC - Expense Ratio Comparison

SCLS has a 1.10% expense ratio, which is higher than ZSC's 0.59% expense ratio.

Dividends

SCLS vs. ZSC - Dividend Comparison

SCLS's dividend yield for the trailing twelve months is around 0.32%, less than ZSC's 1.65% yield.

Position	TTM	2025	2024	2023
SCLS Stoneport Advisors Commodity Long Short ETF	0.32%	0.39%	0.00%	0.00%
ZSC USCF Sustainable Commodity Strategy Fund	1.65%	1.75%	2.18%	1.40%

Frequently Asked Questions

Can I hold both SCLS and ZSC in my portfolio?

SCLS and ZSC have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SCLS or ZSC?

On fees, ZSC is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SCLS or ZSC?

ZSC is cheaper with a 0.59% expense ratio, compared with 1.10% for SCLS.

Which ETF pays a higher dividend yield, SCLS or ZSC?

ZSC has the higher dividend yield at 1.65%, compared with 0.32% for SCLS.

What is the main difference between SCLS and ZSC?

They also come from different issuers: Stoneport Advisors and USCF. Their fees differ too: 1.10% for SCLS and 0.59% for ZSC.