SDCI vs. CCRV

Last updated Jun 24, 2026

SDCI (USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund) and CCRV (iShares Commodity Curve Carry Strategy ETF) are both Commodities funds - SDCI tracks the SummerHaven Dynamic Commodity Index Total Return while CCRV tracks the CCRV-US - ICE BofA Commodity Enhanced Carry Index. Both are passively managed. A 0.73 correlation means they provide meaningful diversification when combined. SDCI charges 0.60%/yr vs 0.40%/yr for CCRV.

Performance

SDCI vs. CCRV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) and iShares Commodity Curve Carry Strategy ETF (CCRV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SDCI

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

CCRV

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SDCI vs. CCRV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund	19.77%	17.60%	17.91%	-0.88%	33.23%	36.52%	7.08%
CCRV iShares Commodity Curve Carry Strategy ETF	0.00%	-0.05%	5.74%	5.47%	19.91%	33.78%	7.16%

Correlation

The correlation between SDCI and CCRV is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since Sep 3, 2020	0.73

Over the past year, the correlation between SDCI and CCRV has dropped to 0.19 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.

Return for Risk

SDCI vs. CCRV — Risk / Return Rank

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

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

CCRV

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

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.

SDCI vs. CCRV - Risk-Adjusted Trends 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.

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.

	SDCI	CCRV	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

Drawdown Indicators

	SDCI	CCRV	Difference
Max Drawdown Largest peak-to-trough decline	-45.79%	—	—
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	-9.92%	—	—
Average Drawdown Average peak-to-trough decline	-11.55%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	—	—

Volatility

Volatility by Period

	SDCI	CCRV	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	16.91%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.37%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.05%	—	—

SDCI vs. CCRV - Expense Ratio Comparison

SDCI has a 0.60% expense ratio, which is higher than CCRV's 0.40% expense ratio.

Dividends

SDCI vs. CCRV - Dividend Comparison

SDCI's dividend yield for the trailing twelve months is around 3.07%, while CCRV has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
CCRV iShares Commodity Curve Carry Strategy ETF	0.00%	0.00%	4.43%	7.26%	33.27%	26.22%	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 SDCI and CCRV in my portfolio?

SDCI and CCRV have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SDCI or CCRV?

On fees, CCRV is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SDCI or CCRV?

CCRV is cheaper with a 0.40% expense ratio, compared with 0.60% for SDCI.

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

SDCI has the higher dividend yield at 3.07%, compared with 0.00% for CCRV.

What is the main difference between SDCI and CCRV?

SDCI tracks SummerHaven Dynamic Commodity Index Total Return, while CCRV tracks CCRV-US - ICE BofA Commodity Enhanced Carry Index. They also come from different issuers: USCF Investments and iShares. Their fees differ too: 0.60% for SDCI and 0.40% for CCRV.