SDCI vs. COMB

Last updated Jun 3, 2026

SDCI (USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund) and COMB (GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF) are both Commodities funds. Both are actively managed. Over the past 5 years, SDCI returned 20.46%/yr vs 11.51%/yr for COMB. A 0.78 correlation means they provide meaningful diversification when combined. SDCI charges 0.70%/yr vs 0.25%/yr for COMB.

Performance

SDCI vs. COMB - 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 GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SDCI achieves a 28.69% return, which is significantly higher than COMB's 26.77% return.

SDCI

• 1D: 0.28%
• 1M: -0.35%
• YTD: 28.69%
• 6M: 27.00%
• 1Y: 41.84%
• 3Y*: 23.67%
• 5Y*: 20.46%
• 10Y*: —

COMB

• 1D: 0.40%
• 1M: -1.83%
• YTD: 26.77%
• 6M: 26.20%
• 1Y: 38.87%
• 3Y*: 16.29%
• 5Y*: 11.51%
• 10Y*: —

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

SDCI vs. COMB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund	28.69%	17.60%	17.91%	-0.88%	33.23%	36.52%	-10.61%	-2.36%	-13.91%
COMB GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF	26.77%	15.12%	5.24%	-7.75%	14.56%	26.34%	-2.95%	7.02%	-13.40%

Correlation

The correlation between SDCI and COMB is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since May 4, 2018	0.78

The correlation between SDCI and COMB has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.

Return for Risk

SDCI vs. COMB — Risk / Return Rank

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

SDCI

SDCI Risk / Return Rank: 76
SDCI Sharpe Ratio Rank: 76
SDCI Sortino Ratio Rank: 68
SDCI Omega Ratio Rank: 68
SDCI Calmar Ratio Rank: 86
SDCI Martin Ratio Rank: 83

COMB

COMB Risk / Return Rank: 72
COMB Sharpe Ratio Rank: 68
COMB Sortino Ratio Rank: 61
COMB Omega Ratio Rank: 68
COMB Calmar Ratio Rank: 89
COMB Martin Ratio Rank: 74

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. COMB - 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 GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB). 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.

	SDCI	COMB	Difference
Sharpe ratio Return per unit of total volatility	2.50	2.29	+0.20
Sortino ratio Return per unit of downside risk	3.16	2.91	+0.25
Omega ratio Gain probability vs. loss probability	1.41	1.41	0.00
Calmar ratio Return relative to maximum drawdown	4.77	5.45	-0.68
Martin ratio Return relative to average drawdown	17.26	14.31	+2.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SDCI vs. COMB - Sharpe Ratio Comparison

The current SDCI Sharpe Ratio is 2.50, which is comparable to the COMB Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of SDCI and COMB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SDCI	COMB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.50	2.29	+0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.11	0.69	+0.42
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.52	+0.16

Drawdowns

SDCI vs. COMB - Drawdown Comparison

The maximum SDCI drawdown since its inception was -45.79%, which is greater than COMB's maximum drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for SDCI and COMB.

Drawdown Indicators

	SDCI	COMB	Difference
Max Drawdown Largest peak-to-trough decline	-45.79%	-33.50%	-12.29%
Max Drawdown (1Y) Largest decline over 1 year	-9.04%	-7.69%	-1.35%
Max Drawdown (3Y) Largest decline over 3 years	-11.96%	-11.35%	-0.61%
Max Drawdown (5Y) Largest decline over 5 years	-18.55%	-26.63%	+8.08%
Current Drawdown Current decline from peak	-3.21%	-4.38%	+1.17%
Average Drawdown Average peak-to-trough decline	-11.59%	-12.06%	+0.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	2.93%	-0.43%

Volatility

SDCI vs. COMB - Volatility Comparison

The current volatility for USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) is 4.72%, while GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) has a volatility of 5.31%. This indicates that SDCI experiences smaller price fluctuations and is considered to be less risky than COMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SDCI	COMB	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	5.31%	-0.59%
Volatility (6M) Calculated over the trailing 6-month period	14.16%	14.99%	-0.83%
Volatility (1Y) Calculated over the trailing 1-year period	16.84%	17.15%	-0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.47%	16.71%	+1.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.08%	15.14%	+1.94%

SDCI vs. COMB - Expense Ratio Comparison

SDCI has a 0.70% expense ratio, which is higher than COMB's 0.25% expense ratio.

Dividends

SDCI vs. COMB - Dividend Comparison

SDCI's dividend yield for the trailing twelve months is around 2.86%, less than COMB's 7.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
COMB GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF	7.14%	9.05%	2.48%	6.57%	30.85%	15.83%	0.07%	1.48%	0.97%	0.20%
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund	2.86%	3.68%	5.92%	3.46%	33.49%	19.26%	0.20%	0.93%	0.68%	0.00%

Frequently Asked Questions

Can I hold both SDCI and COMB in my portfolio?

SDCI and COMB have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SDCI or COMB?

COMB has higher volatility (5.31%) compared to SDCI (4.72%). In terms of maximum drawdown, SDCI dropped -45.79% vs COMB's -33.50%.

Which ETF is better, SDCI or COMB?

On 5-year performance, SDCI leads with 20.46% vs 11.51% for COMB. On fees, COMB is cheaper at 0.25% per year. On volatility, SDCI has been the lower-risk option at 4.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SDCI or COMB?

Over the 5-year period, SDCI has performed better with a 20.46% return vs 11.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SDCI or COMB?

COMB is cheaper with a 0.25% expense ratio, compared with 0.70% for SDCI.

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

COMB has the higher dividend yield at 7.14%, compared with 2.86% for SDCI.

What is the main difference between SDCI and COMB?

They also come from different issuers: Wainwright, Inc. and GraniteShares. Their fees differ too: 0.70% for SDCI and 0.25% for COMB.

Which has better risk-adjusted returns?

SDCI currently has the higher Sharpe Ratio (2.50 vs 2.29), 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.