SNOW vs. USCI
SNOW (Snowflake Inc.) is a stock, while USCI (United States Commodity Index Fund) is Commodities fund tracking the SummerHaven Dynamic Commodity Index Total Return. Over the past 5 years, SNOW returned -0.60%/yr vs 19.25%/yr for USCI. At a 0.10 correlation, their price movements are largely independent.
Performance
SNOW vs. USCI - Performance Comparison
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Returns By Period
In the year-to-date period, SNOW achieves a 19.19% return, which is significantly lower than USCI's 23.68% return.
SNOW
- 1D
- -2.26%
- 1M
- 8.76%
- 6M
- 19.33%
- YTD
- 19.19%
- 1Y
- 24.00%
- 3Y*
- 14.97%
- 5Y*
- -0.60%
- 10Y*
- —
USCI
- 1D
- -0.50%
- 1M
- -0.05%
- 6M
- 22.70%
- YTD
- 23.68%
- 1Y
- 28.10%
- 3Y*
- 20.39%
- 5Y*
- 19.25%
- 10Y*
- 8.41%
SNOW vs. USCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SNOW Snowflake Inc. | 19.19% | 42.06% | -22.41% | 38.64% | -57.63% | 20.38% | 14.86% |
USCI United States Commodity Index Fund | 23.68% | 17.63% | 17.24% | -0.00% | 29.47% | 33.07% | 8.07% |
Correlation
The correlation between SNOW and USCI is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2020 | 0.10 |
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Return for Risk
SNOW vs. USCI — Risk / Return Rank
SNOW
USCI
SNOW vs. USCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Snowflake Inc. (SNOW) 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.
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.
| SNOW | USCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.43 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.30 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.39 | 2.67 | -2.28 |
| Martin ratioReturn relative to average drawdown | 0.84 | 8.50 | -7.65 |
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Drawdowns
SNOW vs. USCI - Drawdown Comparison
The maximum SNOW drawdown since its inception was -72.99%, which is greater than USCI's maximum drawdown of -66.41%. Use the drawdown chart below to compare losses from any high point for SNOW and USCI.
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Drawdown Indicators
| SNOW | USCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.99% | -66.41% | -6.58% |
Max Drawdown (1Y)Largest decline over 1 year | -56.30% | -11.19% | -45.11% |
Max Drawdown (3Y)Largest decline over 3 years | -56.30% | -12.01% | -44.29% |
Max Drawdown (5Y)Largest decline over 5 years | -72.99% | -18.84% | -54.15% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.82% | — |
Current DrawdownCurrent decline from peak | -34.94% | -6.52% | -28.42% |
Average DrawdownAverage peak-to-trough decline | -48.89% | -29.37% | -19.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.10% | 3.51% | +22.59% |
Volatility
SNOW vs. USCI - Volatility Comparison
Snowflake Inc. (SNOW) has a higher volatility of 12.19% compared to United States Commodity Index Fund (USCI) at 4.94%. This indicates that SNOW's price experiences larger fluctuations and is considered to be riskier than USCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SNOW | USCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.19% | 4.94% | +7.25% |
Volatility (6M)Calculated over the trailing 6-month period | 53.30% | 14.42% | +38.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.06% | 16.91% | +49.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.97% | 18.40% | +43.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.49% | 15.88% | +46.61% |
Dividends
SNOW vs. USCI - Dividend Comparison
Neither SNOW nor USCI has paid dividends to shareholders.
Frequently Asked Questions
SNOW and USCI have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNOW has higher volatility (12.19%) compared to USCI (4.94%). In terms of maximum drawdown, SNOW dropped -72.99% vs USCI's -66.41%.
USCI currently has the higher Sharpe Ratio (1.77 vs 0.33), 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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