SDCI vs. CCRV
Compare and contrast key facts about USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) and iShares Commodity Curve Carry Strategy ETF (CCRV).
SDCI and CCRV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SDCI is an actively managed fund by Wainwright, Inc.. It was launched on May 3, 2018. CCRV is a passively managed fund by iShares that tracks the performance of the CCRV-US - ICE BofA Commodity Enhanced Carry Index. It was launched on Sep 1, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SDCI or CCRV.
Key characteristics
| SDCI | CCRV | |
|---|---|---|
| YTD Return | 12.29% | 4.58% |
| 1Y Return | 10.16% | 2.53% |
| 3Y Return (Ann) | 13.92% | 9.67% |
| Sharpe Ratio | 0.78 | 0.18 |
| Sortino Ratio | 1.15 | 0.35 |
| Omega Ratio | 1.13 | 1.04 |
| Calmar Ratio | 0.97 | 0.22 |
| Martin Ratio | 2.91 | 0.62 |
| Ulcer Index | 3.52% | 4.22% |
| Daily Std Dev | 13.22% | 14.51% |
| Max Drawdown | -45.79% | -24.81% |
| Current Drawdown | -2.10% | -6.73% |
Correlation
The correlation between SDCI and CCRV is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SDCI vs. CCRV - Performance Comparison
In the year-to-date period, SDCI achieves a 12.29% return, which is significantly higher than CCRV's 4.58% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SDCI vs. CCRV - Expense Ratio Comparison
SDCI has a 0.70% expense ratio, which is higher than CCRV's 0.40% expense ratio.
Risk-Adjusted Performance
SDCI vs. CCRV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) and iShares Commodity Curve Carry Strategy ETF (CCRV). 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.
Dividends
SDCI vs. CCRV - Dividend Comparison
SDCI's dividend yield for the trailing twelve months is around 1.08%, less than CCRV's 6.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | 1.08% | 3.46% | 33.49% | 19.25% | 0.20% | 0.93% | 0.68% |
CCRV iShares Commodity Curve Carry Strategy ETF | 6.94% | 7.26% | 33.27% | 26.22% | 0.00% | 0.00% | 0.00% |
Drawdowns
SDCI vs. CCRV - Drawdown Comparison
The maximum SDCI drawdown since its inception was -45.79%, which is greater than CCRV's maximum drawdown of -24.81%. Use the drawdown chart below to compare losses from any high point for SDCI and CCRV. For additional features, visit the drawdowns tool.
Volatility
SDCI vs. CCRV - Volatility Comparison
The current volatility for USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) is 4.19%, while iShares Commodity Curve Carry Strategy ETF (CCRV) has a volatility of 5.12%. This indicates that SDCI experiences smaller price fluctuations and is considered to be less risky than CCRV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.