SDCI vs. HEWJ
Compare and contrast key facts about USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) and iShares Currency Hedged MSCI Japan ETF (HEWJ).
SDCI and HEWJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SDCI is an actively managed fund by Wainwright, Inc.. It was launched on May 3, 2018. HEWJ is a passively managed fund by iShares that tracks the performance of the MSCI Japan 100% Hedged to USD Index. It was launched on Jan 31, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SDCI or HEWJ.
Key characteristics
| SDCI | HEWJ | |
|---|---|---|
| YTD Return | 12.29% | 23.89% |
| 1Y Return | 10.16% | 25.29% |
| 3Y Return (Ann) | 13.92% | 16.58% |
| 5Y Return (Ann) | 13.74% | 15.15% |
| Sharpe Ratio | 0.78 | 1.34 |
| Sortino Ratio | 1.15 | 1.75 |
| Omega Ratio | 1.13 | 1.26 |
| Calmar Ratio | 0.97 | 1.27 |
| Martin Ratio | 2.91 | 4.26 |
| Ulcer Index | 3.52% | 6.24% |
| Daily Std Dev | 13.22% | 19.86% |
| Max Drawdown | -45.79% | -31.53% |
| Current Drawdown | -2.10% | -5.71% |
Correlation
The correlation between SDCI and HEWJ is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SDCI vs. HEWJ - Performance Comparison
In the year-to-date period, SDCI achieves a 12.29% return, which is significantly lower than HEWJ's 23.89% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SDCI vs. HEWJ - Expense Ratio Comparison
SDCI has a 0.70% expense ratio, which is higher than HEWJ's 0.49% expense ratio.
Risk-Adjusted Performance
SDCI vs. HEWJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) and iShares Currency Hedged MSCI Japan ETF (HEWJ). 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.
Dividends
SDCI vs. HEWJ - Dividend Comparison
SDCI's dividend yield for the trailing twelve months is around 1.08%, less than HEWJ's 1.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | 1.08% | 3.46% | 33.49% | 19.25% | 0.20% | 0.93% | 0.68% | 0.00% | 0.00% | 0.00% | 0.00% |
HEWJ iShares Currency Hedged MSCI Japan ETF | 1.88% | 2.03% | 47.67% | 2.03% | 1.20% | 2.78% | 1.37% | 1.21% | 1.88% | 3.25% | 2.15% |
Drawdowns
SDCI vs. HEWJ - Drawdown Comparison
The maximum SDCI drawdown since its inception was -45.79%, which is greater than HEWJ's maximum drawdown of -31.53%. Use the drawdown chart below to compare losses from any high point for SDCI and HEWJ. For additional features, visit the drawdowns tool.
Volatility
SDCI vs. HEWJ - Volatility Comparison
The current volatility for USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) is 4.19%, while iShares Currency Hedged MSCI Japan ETF (HEWJ) has a volatility of 4.91%. This indicates that SDCI experiences smaller price fluctuations and is considered to be less risky than HEWJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.