SDCI vs. UNG
SDCI (USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund) and UNG (United States Natural Gas Fund LP) are both exchange-traded funds - SDCI is a Commodities fund tracking the SummerHaven Dynamic Commodity Index Total Return, while UNG is a Oil & Gas fund tracking the Front Month Natural Gas Futures. Both are passively managed. Over the past 5 years, SDCI returned 19.43%/yr vs -24.05%/yr for UNG. At a 0.17 correlation, their price movements are largely independent. SDCI charges 0.60%/yr vs 1.17%/yr for UNG.
Performance
SDCI vs. UNG - Performance Comparison
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Returns By Period
In the year-to-date period, SDCI achieves a 20.29% return, which is significantly higher than UNG's -4.00% return.
SDCI
- 1D
- -0.08%
- 1M
- -6.85%
- YTD
- 20.29%
- 6M
- 18.15%
- 1Y
- 22.52%
- 3Y*
- 20.41%
- 5Y*
- 19.43%
- 10Y*
- —
UNG
- 1D
- 0.26%
- 1M
- 7.59%
- YTD
- -4.00%
- 6M
- -0.68%
- 1Y
- -33.35%
- 3Y*
- -26.96%
- 5Y*
- -24.05%
- 10Y*
- -21.19%
SDCI vs. UNG - 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% |
UNG United States Natural Gas Fund LP | -4.00% | -27.07% | -17.11% | -64.04% | 12.89% | 35.76% | -45.43% | -31.77% | 9.92% |
Correlation
The correlation between SDCI and UNG is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since May 3, 2018 | 0.17 |
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Return for Risk
SDCI vs. UNG — Risk / Return Rank
SDCI
UNG
SDCI vs. UNG - 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 Natural Gas Fund LP (UNG). 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 | UNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.89 | ||
| Sortino ratioReturn per unit of downside risk | +2.34 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.94 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | -0.84 | +3.21 |
| Martin ratioReturn relative to average drawdown | 7.98 | -1.28 | +9.26 |
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Drawdowns
SDCI vs. UNG - Drawdown Comparison
The maximum SDCI drawdown since its inception was -45.79%, smaller than the maximum UNG drawdown of -99.88%. Use the drawdown chart below to compare losses from any high point for SDCI and UNG.
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Drawdown Indicators
| SDCI | UNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.79% | -99.88% | +54.09% |
Max Drawdown (1Y)Largest decline over 1 year | -9.53% | -39.94% | +30.41% |
Max Drawdown (3Y)Largest decline over 3 years | -11.96% | -68.16% | +56.20% |
Max Drawdown (5Y)Largest decline over 5 years | -18.55% | -92.49% | +73.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -93.55% | — |
Current DrawdownCurrent decline from peak | -9.53% | -99.86% | +90.33% |
Average DrawdownAverage peak-to-trough decline | -11.55% | -89.97% | +78.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 29.14% | -26.21% |
Volatility
SDCI vs. UNG - Volatility Comparison
The current volatility for USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) is 3.15%, while United States Natural Gas Fund LP (UNG) has a volatility of 11.95%. This indicates that SDCI experiences smaller price fluctuations and is considered to be less risky than UNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDCI | UNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 11.95% | -8.80% |
Volatility (6M)Calculated over the trailing 6-month period | 14.31% | 51.06% | -36.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.94% | 60.47% | -43.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.37% | 64.14% | -45.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.06% | 54.79% | -37.73% |
SDCI vs. UNG - Expense Ratio Comparison
SDCI has a 0.60% expense ratio, which is lower than UNG's 1.17% expense ratio.
Dividends
SDCI vs. UNG - Dividend Comparison
SDCI's dividend yield for the trailing twelve months is around 3.06%, while UNG 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 | 3.06% | 3.68% | 5.92% | 3.46% | 33.49% | 19.26% | 0.20% | 0.93% | 0.68% |
UNG United States Natural Gas 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 UNG have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UNG has higher volatility (11.95%) compared to SDCI (3.15%). In terms of maximum drawdown, SDCI dropped -45.79% vs UNG's -99.88%.
On 5-year performance, SDCI leads with 19.43% vs -24.05% for UNG. 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 -24.05%. 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 1.17% for UNG.
SDCI has the higher dividend yield at 3.06%, compared with 0.00% for UNG.
SDCI is categorized as Commodities, while UNG is Oil & Gas. SDCI tracks SummerHaven Dynamic Commodity Index Total Return, while UNG tracks Front Month Natural Gas Futures. Their fees differ too: 0.60% for SDCI and 1.17% for UNG.
SDCI currently has the higher Sharpe Ratio (1.34 vs -0.55), 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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