SDCI vs. GRID
SDCI (USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both exchange-traded funds - SDCI is a Commodities fund actively managed by Wainwright, Inc., while GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. SDCI is actively managed, while GRID is passively managed. Over the past 5 years, SDCI returned 19.07%/yr vs 16.83%/yr for GRID. At a 0.23 correlation, their price movements are largely independent. Both charge a 0.70% expense ratio.
Performance
SDCI vs. GRID - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SDCI having a 23.24% return and GRID slightly higher at 23.59%.
SDCI
- 1D
- -1.02%
- 1M
- -6.15%
- YTD
- 23.24%
- 6M
- 21.10%
- 1Y
- 27.81%
- 3Y*
- 21.61%
- 5Y*
- 19.07%
- 10Y*
- —
GRID
- 1D
- -0.18%
- 1M
- -4.22%
- YTD
- 23.59%
- 6M
- 24.02%
- 1Y
- 43.17%
- 3Y*
- 23.21%
- 5Y*
- 16.83%
- 10Y*
- 19.76%
SDCI vs. GRID - 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% |
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 23.59% | 29.65% | 15.18% | 21.57% | -13.89% | 27.65% | 48.84% | 42.80% | -20.43% |
Correlation
The correlation between SDCI and GRID is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since May 3, 2018 | 0.23 |
The correlation between SDCI and GRID shifts across timeframes, from -0.02 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SDCI vs. GRID — Risk / Return Rank
SDCI
GRID
SDCI vs. GRID - 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 Clean Edge Smart Grid Infrastructure Index Fund (GRID). 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 | GRID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.35 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.26 | 3.57 | -0.32 |
| Martin ratioReturn relative to average drawdown | 10.91 | 12.89 | -1.99 |
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Drawdowns
SDCI vs. GRID - Drawdown Comparison
The maximum SDCI drawdown since its inception was -45.79%, which is greater than GRID's maximum drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for SDCI and GRID.
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Drawdown Indicators
| SDCI | GRID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.79% | -40.56% | -5.23% |
Max Drawdown (1Y)Largest decline over 1 year | -9.04% | -11.73% | +2.69% |
Max Drawdown (3Y)Largest decline over 3 years | -11.96% | -20.77% | +8.81% |
Max Drawdown (5Y)Largest decline over 5 years | -18.55% | -29.64% | +11.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.56% | — |
Current DrawdownCurrent decline from peak | -7.31% | -5.40% | -1.91% |
Average DrawdownAverage peak-to-trough decline | -11.56% | -8.42% | -3.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 3.25% | -0.55% |
Volatility
SDCI vs. GRID - Volatility Comparison
The current volatility for USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) is 3.46%, while First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a volatility of 9.56%. This indicates that SDCI experiences smaller price fluctuations and is considered to be less risky than GRID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDCI | GRID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 9.56% | -6.10% |
Volatility (6M)Calculated over the trailing 6-month period | 14.34% | 17.70% | -3.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.93% | 20.73% | -3.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.47% | 21.24% | -2.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.07% | 22.90% | -5.83% |
SDCI vs. GRID - Expense Ratio Comparison
Both SDCI and GRID have an expense ratio of 0.70%.
Dividends
SDCI vs. GRID - Dividend Comparison
SDCI's dividend yield for the trailing twelve months is around 2.99%, more than GRID's 0.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 0.80% | 1.01% | 1.06% | 1.23% | 1.26% | 0.63% | 0.68% | 1.26% | 1.28% | 1.07% | 1.07% | 1.23% |
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% | 0.00% |
Frequently Asked Questions
SDCI and GRID have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRID has higher volatility (9.56%) compared to SDCI (3.46%). In terms of maximum drawdown, SDCI dropped -45.79% vs GRID's -40.56%.
On 5-year performance, SDCI leads with 19.07% vs 16.83% for GRID. Both ETFs have the same 0.70% expense ratio. 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.
Over the 5-year period, SDCI has performed better with a 19.07% return vs 16.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SDCI and GRID have the same expense ratio: 0.70% per year.
SDCI has the higher dividend yield at 2.99%, compared with 0.80% for GRID.
SDCI is categorized as Commodities, while GRID is Alternative Energy Equities. They also come from different issuers: Wainwright, Inc. and First Trust.
GRID currently has the higher Sharpe Ratio (2.02 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.
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