SDCI vs. USCI
Compare and contrast key facts about USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) and United States Commodity Index Fund (USCI).
SDCI and USCI 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. USCI is a passively managed fund by Concierge Technologies that tracks the performance of the SummerHaven Dynamic Commodity (TR). It was launched on Aug 10, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SDCI or USCI.
Key characteristics
| SDCI | USCI | |
|---|---|---|
| YTD Return | 12.29% | 11.39% |
| 1Y Return | 10.16% | 8.99% |
| 3Y Return (Ann) | 13.92% | 12.66% |
| 5Y Return (Ann) | 13.74% | 11.77% |
| Sharpe Ratio | 0.78 | 0.67 |
| Sortino Ratio | 1.15 | 1.01 |
| Omega Ratio | 1.13 | 1.12 |
| Calmar Ratio | 0.97 | 0.37 |
| Martin Ratio | 2.91 | 2.47 |
| Ulcer Index | 3.52% | 3.66% |
| Daily Std Dev | 13.22% | 13.48% |
| Max Drawdown | -45.79% | -66.41% |
| Current Drawdown | -2.10% | -14.12% |
Correlation
The correlation between SDCI and USCI is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SDCI vs. USCI - Performance Comparison
In the year-to-date period, SDCI achieves a 12.29% return, which is significantly higher than USCI's 11.39% 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. USCI - Expense Ratio Comparison
SDCI has a 0.70% expense ratio, which is lower than USCI's 1.03% expense ratio.
Risk-Adjusted Performance
SDCI vs. USCI - 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 United States Commodity Index Fund (USCI). 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. USCI - Dividend Comparison
SDCI's dividend yield for the trailing twelve months is around 1.08%, while USCI has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | 1.08% | 3.46% | 33.49% | 19.25% | 0.20% | 0.93% | 0.68% |
USCI United States Commodity Index Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SDCI vs. USCI - Drawdown Comparison
The maximum SDCI drawdown since its inception was -45.79%, smaller than the maximum USCI drawdown of -66.41%. Use the drawdown chart below to compare losses from any high point for SDCI and USCI. For additional features, visit the drawdowns tool.
Volatility
SDCI vs. USCI - Volatility Comparison
The current volatility for USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) is 4.19%, while United States Commodity Index Fund (USCI) has a volatility of 4.56%. This indicates that SDCI experiences smaller price fluctuations and is considered to be less risky than USCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.