SDCI vs. FTXL

Last updated Jun 14, 2026

SDCI (USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund) and FTXL (First Trust Nasdaq Semiconductor ETF) are both exchange-traded funds - SDCI is a Commodities fund actively managed by Wainwright, Inc., while FTXL is a Semiconductors fund tracking the Nasdaq U.S. Smart Semiconductor Index. SDCI is actively managed, while FTXL is passively managed. Over the past 5 years, SDCI returned 19.07%/yr vs 33.62%/yr for FTXL. At a 0.17 correlation, their price movements are largely independent. SDCI charges 0.70%/yr vs 0.60%/yr for FTXL.

Performance

SDCI vs. FTXL - 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 First Trust Nasdaq Semiconductor ETF (FTXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SDCI achieves a 23.24% return, which is significantly lower than FTXL's 108.47% return.

SDCI

• 1D: -1.02%
• 1M: -6.15%
• YTD: 23.24%
• 6M: 21.10%
• 1Y: 27.81%
• 3Y*: 21.61%
• 5Y*: 19.07%
• 10Y*: —

FTXL

• 1D: 2.27%
• 1M: 10.74%
• YTD: 108.47%
• 6M: 110.95%
• 1Y: 204.23%
• 3Y*: 57.13%
• 5Y*: 33.62%
• 10Y*: —

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

SDCI vs. FTXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund	23.24%	17.60%	17.91%	-0.88%	33.23%	36.52%	-10.61%	-2.36%	-13.91%
FTXL First Trust Nasdaq Semiconductor ETF	108.47%	48.94%	7.59%	54.41%	-33.88%	36.04%	46.08%	61.77%	-15.90%

Correlation

The correlation between SDCI and FTXL is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (All Time) Calculated using the full available price history since May 3, 2018	0.17

The correlation between SDCI and FTXL shifts across timeframes, from 0.03 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SDCI vs. FTXL — Risk / Return Rank

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

SDCI

SDCI Risk / Return Rank: 62
SDCI Sharpe Ratio Rank: 60
SDCI Sortino Ratio Rank: 55
SDCI Omega Ratio Rank: 53
SDCI Calmar Ratio Rank: 73
SDCI Martin Ratio Rank: 68

FTXL

FTXL Risk / Return Rank: 97
FTXL Sharpe Ratio Rank: 98
FTXL Sortino Ratio Rank: 95
FTXL Omega Ratio Rank: 95
FTXL Calmar Ratio Rank: 98
FTXL Martin Ratio Rank: 98

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. FTXL - 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 First Trust Nasdaq Semiconductor ETF (FTXL). 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	FTXL	Difference
Sharpe ratio: Return per unit of total volatility	1.74	5.10	-3.36
Sortino ratio: Return per unit of downside risk	2.31	4.76	-2.45
Omega ratio: Gain probability vs. loss probability	1.29	1.66	-0.37
Calmar ratio: Return relative to maximum drawdown	3.26	13.68	-10.42
Martin ratio: Return relative to average drawdown	10.91	47.98	-37.08

SDCI vs. FTXL - Sharpe Ratio Comparison

The current SDCI Sharpe Ratio is 1.74, which is lower than the FTXL Sharpe Ratio of 5.10. The chart below compares the historical Sharpe Ratios of SDCI and FTXL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SDCI vs. FTXL - Drawdown Comparison

The maximum SDCI drawdown since its inception was -45.79%, roughly equal to the maximum FTXL drawdown of -43.87%. Use the drawdown chart below to compare losses from any high point for SDCI and FTXL.

Drawdown Indicators

	SDCI	FTXL	Difference
Max Drawdown Largest peak-to-trough decline	-45.79%	-43.87%	-1.92%
Max Drawdown (1Y) Largest decline over 1 year	-9.04%	-14.51%	+5.47%
Max Drawdown (3Y) Largest decline over 3 years	-11.96%	-41.57%	+29.61%
Max Drawdown (5Y) Largest decline over 5 years	-18.55%	-43.87%	+25.32%
Current Drawdown Current decline from peak	-7.31%	-3.35%	-3.96%
Average Drawdown Average peak-to-trough decline	-11.56%	-10.54%	-1.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.70%	4.13%	-1.43%

Volatility

SDCI vs. FTXL - Volatility Comparison

The current volatility for USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) is 3.46%, while First Trust Nasdaq Semiconductor ETF (FTXL) has a volatility of 19.23%. This indicates that SDCI experiences smaller price fluctuations and is considered to be less risky than FTXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SDCI	FTXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.46%	19.23%	-15.77%
Volatility (6M) Calculated over the trailing 6-month period	14.34%	32.79%	-18.45%
Volatility (1Y) Calculated over the trailing 1-year period	16.93%	38.90%	-21.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.47%	36.63%	-18.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.07%	34.55%	-17.48%

SDCI vs. FTXL - Expense Ratio Comparison

SDCI has a 0.70% expense ratio, which is higher than FTXL's 0.60% expense ratio.

Dividends

SDCI vs. FTXL - Dividend Comparison

SDCI's dividend yield for the trailing twelve months is around 2.99%, more than FTXL's 0.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FTXL First Trust Nasdaq Semiconductor ETF	0.13%	0.28%	0.54%	0.60%	0.89%	0.25%	0.48%	0.92%	0.71%	0.47%	0.12%
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund	2.99%	3.68%	5.92%	3.46%	33.49%	19.26%	0.20%	0.93%	0.68%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SDCI and FTXL in my portfolio?

SDCI and FTXL have a correlation of 0.03, 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 FTXL?

FTXL has higher volatility (19.23%) compared to SDCI (3.46%). In terms of maximum drawdown, SDCI dropped -45.79% vs FTXL's -43.87%.

Which ETF is better, SDCI or FTXL?

On 5-year performance, FTXL leads with 33.62% vs 19.07% for SDCI. On fees, FTXL is cheaper at 0.60% per year. On volatility, SDCI has been the lower-risk option at 3.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SDCI or FTXL?

Over the 5-year period, FTXL has performed better with a 33.62% return vs 19.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SDCI or FTXL?

FTXL is cheaper with a 0.60% expense ratio, compared with 0.70% for SDCI.

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

SDCI has the higher dividend yield at 2.99%, compared with 0.13% for FTXL.

What is the main difference between SDCI and FTXL?

SDCI is categorized as Commodities, while FTXL is Semiconductors. They also come from different issuers: Wainwright, Inc. and First Trust. Their fees differ too: 0.70% for SDCI and 0.60% for FTXL.

Which has better risk-adjusted returns?

FTXL currently has the higher Sharpe Ratio (5.10 vs 1.74), 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.