SDCI vs. GSG
SDCI (USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both Commodities funds - SDCI tracks the SummerHaven Dynamic Commodity Index Total Return while GSG tracks the S&P GSCI Total Return Index. Both are passively managed. Over the past 5 years, SDCI returned 19.43%/yr vs 13.07%/yr for GSG. A 0.76 correlation means they provide meaningful diversification when combined. SDCI charges 0.60%/yr vs 0.75%/yr for GSG.
Performance
SDCI vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, SDCI achieves a 20.29% return, which is significantly lower than GSG's 26.84% return.
SDCI
- 1D
- -0.08%
- 1M
- -6.85%
- YTD
- 20.29%
- 6M
- 18.15%
- 1Y
- 22.52%
- 3Y*
- 20.41%
- 5Y*
- 19.43%
- 10Y*
- —
GSG
- 1D
- -0.95%
- 1M
- -12.03%
- YTD
- 26.84%
- 6M
- 26.40%
- 1Y
- 23.99%
- 3Y*
- 14.41%
- 5Y*
- 13.07%
- 10Y*
- 6.69%
SDCI vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | 20.29% | 17.60% | 17.91% | -0.88% | 33.23% | 36.52% | -10.61% | -2.36% | -13.91% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 26.84% | 5.93% | 8.52% | -5.51% | 24.08% | 38.77% | -23.94% | 15.62% | -19.10% |
Correlation
The correlation between SDCI and GSG is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since May 3, 2018 | 0.76 |
The correlation between SDCI and GSG shifts across timeframes, from 0.76 (all time) to 0.88 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SDCI vs. GSG — Risk / Return Rank
SDCI
GSG
SDCI vs. GSG - 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 S&P GSCI Commodity-Indexed Trust (GSG). 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 | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.20 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 1.52 | +0.86 |
| Martin ratioReturn relative to average drawdown | 7.98 | 6.22 | +1.76 |
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Drawdowns
SDCI vs. GSG - Drawdown Comparison
The maximum SDCI drawdown since its inception was -45.79%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for SDCI and GSG.
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Drawdown Indicators
| SDCI | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.79% | -89.62% | +43.83% |
Max Drawdown (1Y)Largest decline over 1 year | -9.53% | -15.88% | +6.35% |
Max Drawdown (3Y)Largest decline over 3 years | -11.96% | -15.88% | +3.92% |
Max Drawdown (5Y)Largest decline over 5 years | -18.55% | -29.12% | +10.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | -9.53% | -61.70% | +52.17% |
Average DrawdownAverage peak-to-trough decline | -11.55% | -63.69% | +52.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 4.46% | -1.53% |
Volatility
SDCI vs. GSG - Volatility Comparison
The current volatility for USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) is 3.15%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 5.46%. This indicates that SDCI experiences smaller price fluctuations and is considered to be less risky than GSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDCI | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 5.46% | -2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 14.31% | 20.81% | -6.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.94% | 23.19% | -6.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.37% | 22.66% | -4.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.06% | 22.03% | -4.97% |
SDCI vs. GSG - Expense Ratio Comparison
SDCI has a 0.60% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
SDCI vs. GSG - Dividend Comparison
SDCI's dividend yield for the trailing twelve months is around 3.06%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 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 | 3.06% | 3.68% | 5.92% | 3.46% | 33.49% | 19.26% | 0.20% | 0.93% | 0.68% |
Frequently Asked Questions
SDCI and GSG have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (5.46%) compared to SDCI (3.15%). In terms of maximum drawdown, SDCI dropped -45.79% vs GSG's -89.62%.
On 5-year performance, SDCI leads with 19.43% vs 13.07% for GSG. On fees, SDCI is cheaper at 0.60% per year. On volatility, SDCI has been the lower-risk option at 3.15%. 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 19.43% return vs 13.07%. 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 0.75% for GSG.
SDCI has the higher dividend yield at 3.06%, compared with 0.00% for GSG.
SDCI tracks SummerHaven Dynamic Commodity Index Total Return, while GSG tracks S&P GSCI Total Return Index. They also come from different issuers: USCF Investments and iShares. Their fees differ too: 0.60% for SDCI and 0.75% for GSG.
SDCI currently has the higher Sharpe Ratio (1.34 vs 1.04), 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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