SDCI vs. CPER
SDCI (USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund) and CPER (United States Copper Index Fund) are both exchange-traded funds - SDCI is a Commodities fund tracking the SummerHaven Dynamic Commodity Index Total Return, while CPER is a Copper fund tracking the SummerHaven Copper Index Total Return. Both are passively managed. Over the past 5 years, SDCI returned 20.72%/yr vs 8.40%/yr for CPER. Their 0.44 correlation means their historical movements had little consistent relationship. SDCI charges 0.60%/yr vs 1.06%/yr for CPER.
Performance
SDCI vs. CPER - Performance Comparison
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Returns By Period
In the year-to-date period, SDCI achieves a 29.05% return, which is significantly higher than CPER's 13.39% return.
SDCI
- 1D
- -1.80%
- 1M
- 8.06%
- 6M
- 23.88%
- YTD
- 29.05%
- 1Y
- 36.63%
- 3Y*
- 20.01%
- 5Y*
- 20.72%
- 10Y*
- —
- ALL TIME*
- 11.33%
CPER
- 1D
- 0.20%
- 1M
- 6.30%
- 6M
- 10.48%
- YTD
- 13.39%
- 1Y
- 43.78%
- 3Y*
- 18.39%
- 5Y*
- 8.40%
- 10Y*
- 10.80%
- ALL TIME*
- 3.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $17.79M | $15.35M | $24.62M | |
| $6.30M | $7.22M | $7.46M |
SDCI vs. CPER - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | 29.05% | 17.60% | 17.91% | -0.88% | 33.23% | 36.52% | -10.61% | -2.36% | -13.91% |
CPER United States Copper Index Fund | 13.39% | 38.95% | 4.23% | 4.55% | -15.14% | 25.21% | 23.90% | 6.66% | -15.45% |
Correlation
The correlation between SDCI and CPER is 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.21 |
Correlation (3Y) Balances recent behavior with more history. | 0.37 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.44 |
Correlation (All Time) Calculated using the full available price history since May 3, 2018 | 0.44 |
Over the past year, the correlation between SDCI and CPER has dropped to 0.21 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
SDCI vs. CPER — Risk / Return Rank
SDCI
CPER
SDCI vs. CPER - 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 United States Copper Index Fund (CPER). 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 | CPER | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.28 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.34 | 2.68 | +0.66 |
| Martin ratioReturn relative to average drawdown | 10.56 | 8.34 | +2.23 |
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Drawdowns
SDCI vs. CPER - Drawdown Comparison
The maximum SDCI drawdown since its inception was -45.79%, smaller than the maximum CPER drawdown of -54.04%. Use the drawdown chart below to compare losses from any high point for SDCI and CPER.
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Drawdown Indicators
| SDCI | CPER | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.79% | -54.04% | +8.25% |
Max Drawdown (1Y)Largest decline over 1 year | -11.03% | -16.43% | +5.40% |
Max Drawdown (3Y)Largest decline over 3 years | -11.96% | -24.77% | +12.81% |
Max Drawdown (5Y)Largest decline over 5 years | -18.55% | -34.75% | +16.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.42% | — |
Current DrawdownCurrent decline from peak | -3.30% | -2.36% | -0.94% |
Average DrawdownAverage peak-to-trough decline | -11.46% | -25.18% | +13.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 5.27% | -1.79% |
Volatility
SDCI vs. CPER - Volatility Comparison
The current volatility for USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) is 5.71%, while United States Copper Index Fund (CPER) has a volatility of 6.29%. This indicates that SDCI experiences smaller price fluctuations and is considered to be less risky than CPER based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDCI | CPER | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.71% | 6.29% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 13.97% | 20.70% | -6.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.33% | 28.05% | -10.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.47% | 27.08% | -8.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.08% | 24.12% | -7.04% |
SDCI vs. CPER - Expense Ratio Comparison
SDCI has a 0.60% expense ratio, which is lower than CPER's 1.06% expense ratio.
Dividends
SDCI vs. CPER - Dividend Comparison
SDCI's dividend yield for the trailing twelve months is around 2.85%, while CPER has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CPER United States Copper Index Fund | 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 | 2.85% | 3.68% | 5.92% | 3.46% | 33.49% | 19.26% | 0.20% | 0.93% | 0.68% |
Frequently Asked Questions
SDCI and CPER have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CPER has higher volatility (6.29%) compared to SDCI (5.71%). In terms of maximum drawdown, SDCI dropped -45.79% vs CPER's -54.04%.
On 5-year performance, SDCI leads with 20.72% vs 8.40% for CPER. On fees, SDCI is cheaper at 0.60% per year. On volatility, SDCI has been the lower-risk option at 5.71%. 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 20.72% return vs 8.40%. 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 1.06% for CPER.
SDCI has the higher dividend yield at 2.85%, compared with 0.00% for CPER.
SDCI is categorized as Commodities, while CPER is Copper. SDCI tracks SummerHaven Dynamic Commodity Index Total Return, while CPER tracks SummerHaven Copper Index Total Return. Their fees differ too: 0.60% for SDCI and 1.06% for CPER.
SDCI currently has the higher Sharpe Ratio (2.13 vs 1.57), 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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