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 20.72%/yr vs -29.56%/yr for UNG. Their 0.17 correlation means their historical movements had little consistent relationship. 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 29.05% return, which is significantly higher than UNG's -17.54% 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%
UNG
- 1D
- 0.50%
- 1M
- -12.69%
- 6M
- -20.39%
- YTD
- -17.54%
- 1Y
- -25.77%
- 3Y*
- -28.62%
- 5Y*
- -29.56%
- 10Y*
- -22.65%
- ALL TIME*
- -28.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.30M | $7.22M | $7.46M | |
| $81.89M | $81.97M | $83.57M |
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 | 29.05% | 17.60% | 17.91% | -0.88% | 33.23% | 36.52% | -10.61% | -2.36% | -13.91% |
UNG United States Natural Gas Fund LP | -17.54% | -27.07% | -17.11% | -64.04% | 12.89% | 35.76% | -45.43% | -31.77% | 9.92% |
Correlation
The correlation between SDCI and UNG is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer 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 | +2.57 | ||
| Sortino ratioReturn per unit of downside risk | +3.10 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 0.96 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 3.34 | -0.62 | +3.95 |
| Martin ratioReturn relative to average drawdown | 10.56 | -1.02 | +11.58 |
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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 | -11.03% | -42.01% | +30.98% |
Max Drawdown (3Y)Largest decline over 3 years | -11.96% | -69.26% | +57.30% |
Max Drawdown (5Y)Largest decline over 5 years | -18.55% | -92.75% | +74.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -93.77% | — |
Current DrawdownCurrent decline from peak | -3.30% | -99.88% | +96.58% |
Average DrawdownAverage peak-to-trough decline | -11.46% | -90.03% | +78.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 25.26% | -21.78% |
Volatility
SDCI vs. UNG - Volatility Comparison
The current volatility for USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) is 5.71%, while United States Natural Gas Fund LP (UNG) has a volatility of 10.03%. 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 | 5.71% | 10.03% | -4.32% |
Volatility (6M)Calculated over the trailing 6-month period | 13.97% | 40.36% | -26.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.33% | 59.10% | -41.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.47% | 64.16% | -45.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.08% | 54.70% | -37.62% |
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 2.85%, 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 | 2.85% | 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 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UNG has higher volatility (10.03%) compared to SDCI (5.71%). In terms of maximum drawdown, SDCI dropped -45.79% vs UNG's -99.88%.
On 5-year performance, SDCI leads with 20.72% vs -29.56% for UNG. 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, SDCI has performed better with a 20.72% return vs -29.56%. 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 2.85%, 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 (2.13 vs -0.44), 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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