SDCI vs. UGA
SDCI (USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund) and UGA (United States Gasoline Fund, LP) are both exchange-traded funds - SDCI is a Commodities fund tracking the SummerHaven Dynamic Commodity Index Total Return, while UGA is a Oil & Gas fund tracking the Near-Month NYMEX RBOB Gasoline Futures Contract. Both are passively managed. Over the past 5 years, SDCI returned 20.72%/yr vs 25.31%/yr for UGA. Their 0.60 correlation means they have sometimes moved together and sometimes differently. SDCI charges 0.60%/yr vs 1.02%/yr for UGA.
Performance
SDCI vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, SDCI achieves a 29.05% return, which is significantly lower than UGA's 80.98% 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%
UGA
- 1D
- -5.27%
- 1M
- 8.52%
- 6M
- 69.92%
- YTD
- 80.98%
- 1Y
- 78.20%
- 3Y*
- 16.66%
- 5Y*
- 25.31%
- 10Y*
- 16.82%
- ALL TIME*
- 4.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.30M | $7.22M | $7.46M | |
| $8.16M | $5.91M | $4.98M |
SDCI vs. UGA - 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% |
UGA United States Gasoline Fund, LP | 80.98% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 41.25% | -30.68% |
Correlation
The correlation between SDCI and UGA is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.70 |
Correlation (All Time) Calculated using the full available price history since May 3, 2018 | 0.60 |
The correlation between SDCI and UGA shifts across timeframes, from 0.60 (all time) to 0.76 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SDCI vs. UGA — Risk / Return Rank
SDCI
UGA
SDCI vs. UGA - 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 Gasoline Fund, LP (UGA). 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 | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.35 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.34 | 3.87 | -0.53 |
| Martin ratioReturn relative to average drawdown | 10.56 | 10.83 | -0.27 |
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Drawdowns
SDCI vs. UGA - Drawdown Comparison
The maximum SDCI drawdown since its inception was -45.79%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for SDCI and UGA.
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Drawdown Indicators
| SDCI | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.79% | -86.59% | +40.80% |
Max Drawdown (1Y)Largest decline over 1 year | -11.03% | -20.32% | +9.29% |
Max Drawdown (3Y)Largest decline over 3 years | -11.96% | -26.68% | +14.72% |
Max Drawdown (5Y)Largest decline over 5 years | -18.55% | -38.11% | +19.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -3.30% | -10.61% | +7.31% |
Average DrawdownAverage peak-to-trough decline | -11.46% | -36.53% | +25.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 7.25% | -3.77% |
Volatility
SDCI vs. UGA - Volatility Comparison
The current volatility for USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) is 5.71%, while United States Gasoline Fund, LP (UGA) has a volatility of 12.68%. This indicates that SDCI experiences smaller price fluctuations and is considered to be less risky than UGA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDCI | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.71% | 12.68% | -6.97% |
Volatility (6M)Calculated over the trailing 6-month period | 13.97% | 32.51% | -18.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.33% | 36.42% | -19.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.47% | 34.68% | -16.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.08% | 37.30% | -20.22% |
SDCI vs. UGA - Expense Ratio Comparison
SDCI has a 0.60% expense ratio, which is lower than UGA's 1.02% expense ratio.
Dividends
SDCI vs. UGA - Dividend Comparison
SDCI's dividend yield for the trailing twelve months is around 2.85%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
UGA United States Gasoline Fund, LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SDCI and UGA have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (12.68%) compared to SDCI (5.71%). In terms of maximum drawdown, SDCI dropped -45.79% vs UGA's -86.59%.
On 5-year performance, UGA leads with 25.31% vs 20.72% for SDCI. 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, UGA has performed better with a 25.31% return vs 20.72%. 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 1.02% for UGA.
SDCI has the higher dividend yield at 2.85%, compared with 0.00% for UGA.
SDCI is categorized as Commodities, while UGA is Oil & Gas. SDCI tracks SummerHaven Dynamic Commodity Index Total Return, while UGA tracks Near-Month NYMEX RBOB Gasoline Futures Contract. Their fees differ too: 0.60% for SDCI and 1.02% for UGA.
UGA currently has the higher Sharpe Ratio (2.16 vs 2.13), 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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