SCO vs. SDCI
SCO (ProShares UltraShort Bloomberg Crude Oil) and SDCI (USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund) are both exchange-traded funds - SCO is a Oil & Gas fund tracking the Bloomberg Commodity Balanced WTI Crude Oil Index (-200%), while SDCI is a Commodities fund tracking the SummerHaven Dynamic Commodity Index Total Return. Both are passively managed. Over the past 5 years, SCO returned -37.73%/yr vs 20.07%/yr for SDCI. At a correlation of -0.64, they often move in opposite directions. SCO charges 0.95%/yr vs 0.60%/yr for SDCI.
Performance
SCO vs. SDCI - Performance Comparison
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Returns By Period
In the year-to-date period, SCO achieves a -57.74% return, which is significantly lower than SDCI's 24.19% return.
SCO
- 1D
- 0.03%
- 1M
- 18.27%
- 6M
- -55.73%
- YTD
- -57.74%
- 1Y
- -49.59%
- 3Y*
- -29.10%
- 5Y*
- -37.73%
- 10Y*
- -37.09%
SDCI
- 1D
- -0.49%
- 1M
- 0.77%
- 6M
- 22.42%
- YTD
- 24.19%
- 1Y
- 28.33%
- 3Y*
- 20.87%
- 5Y*
- 20.07%
- 10Y*
- —
SCO vs. SDCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SCO ProShares UltraShort Bloomberg Crude Oil | -57.74% | 15.90% | -19.00% | -12.41% | -62.59% | -72.62% | -4.20% | -58.50% | 62.85% |
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | 24.19% | 17.60% | 17.91% | -0.88% | 33.23% | 36.52% | -10.61% | -2.36% | -13.91% |
Correlation
The correlation between SCO and SDCI is -0.77, 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 | -0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.74 |
Correlation (All Time) Calculated using the full available price history since May 3, 2018 | -0.64 |
The correlation between SCO and SDCI shifts across timeframes, from -0.77 (1 year) to -0.64 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SCO vs. SDCI — Risk / Return Rank
SCO
SDCI
SCO vs. SDCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Bloomberg Crude Oil (SCO) 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.
| SCO | SDCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.69 | ||
| Sortino ratioReturn per unit of downside risk | -3.78 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.30 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 2.74 | -3.45 |
| Martin ratioReturn relative to average drawdown | -1.32 | 8.61 | -9.93 |
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Drawdowns
SCO vs. SDCI - Drawdown Comparison
The maximum SCO drawdown since its inception was -99.80%, which is greater than SDCI's maximum drawdown of -45.79%. Use the drawdown chart below to compare losses from any high point for SCO and SDCI.
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Drawdown Indicators
| SCO | SDCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.80% | -45.79% | -54.01% |
Max Drawdown (1Y)Largest decline over 1 year | -72.24% | -11.03% | -61.21% |
Max Drawdown (3Y)Largest decline over 3 years | -75.14% | -11.96% | -63.18% |
Max Drawdown (5Y)Largest decline over 5 years | -94.80% | -18.55% | -76.25% |
Max Drawdown (10Y)Largest decline over 10 years | -99.51% | — | — |
Current DrawdownCurrent decline from peak | -99.72% | -6.59% | -93.13% |
Average DrawdownAverage peak-to-trough decline | -85.24% | -11.53% | -73.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.10% | 3.50% | +35.60% |
Volatility
SCO vs. SDCI - Volatility Comparison
ProShares UltraShort Bloomberg Crude Oil (SCO) has a higher volatility of 17.87% compared to USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) at 4.84%. This indicates that SCO'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.
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Volatility by Period
| SCO | SDCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.87% | 4.84% | +13.03% |
Volatility (6M)Calculated over the trailing 6-month period | 48.31% | 14.60% | +33.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.84% | 17.04% | +39.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.20% | 18.39% | +41.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.80% | 17.07% | +54.73% |
SCO vs. SDCI - Expense Ratio Comparison
SCO has a 0.95% expense ratio, which is higher than SDCI's 0.60% expense ratio.
Dividends
SCO vs. SDCI - Dividend Comparison
SCO has not paid dividends to shareholders, while SDCI's dividend yield for the trailing twelve months is around 2.96%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SCO ProShares UltraShort Bloomberg Crude Oil | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | 2.96% | 3.68% | 5.92% | 3.46% | 33.49% | 19.26% | 0.20% | 0.93% | 0.68% |
Frequently Asked Questions
SCO and SDCI have a correlation of -0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCO has higher volatility (17.87%) compared to SDCI (4.84%). In terms of maximum drawdown, SCO dropped -99.80% vs SDCI's -45.79%.
On 5-year performance, SDCI leads with 20.07% vs -37.73% for SCO. On fees, SDCI is cheaper at 0.60% per year. On volatility, SDCI has been the lower-risk option at 4.84%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SDCI has performed better with a 20.07% return vs -37.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SDCI is cheaper with a 0.60% expense ratio, compared with 0.95% for SCO.
SDCI has the higher dividend yield at 2.96%, compared with 0.00% for SCO.
SCO is categorized as Oil & Gas, while SDCI is Commodities. SCO tracks Bloomberg Commodity Balanced WTI Crude Oil Index (-200%), while SDCI tracks SummerHaven Dynamic Commodity Index Total Return. They also come from different issuers: ProShares and USCF Investments. Their fees differ too: 0.95% for SCO and 0.60% for SDCI.
SDCI currently has the higher Sharpe Ratio (1.77 vs -0.91), 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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