SPSK vs. SDCI
SPSK (SP Funds Dow Jones Global Sukuk ETF) and SDCI (USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund) are both exchange-traded funds - SPSK is a Global Bonds fund tracking the Dow Jones Sukuk Total Return Index, while SDCI is a Commodities fund tracking the SummerHaven Dynamic Commodity Index Total Return. Both are passively managed. Over the past 5 years, SPSK returned 0.88%/yr vs 20.07%/yr for SDCI. At a 0.04 correlation, their price movements are largely independent. SPSK charges 0.50%/yr vs 0.60%/yr for SDCI.
Performance
SPSK vs. SDCI - Performance Comparison
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Returns By Period
In the year-to-date period, SPSK achieves a 0.10% return, which is significantly lower than SDCI's 24.19% return.
SPSK
- 1D
- -0.11%
- 1M
- -0.16%
- 6M
- -0.04%
- YTD
- 0.10%
- 1Y
- 3.05%
- 3Y*
- 4.28%
- 5Y*
- 0.88%
- 10Y*
- —
SDCI
- 1D
- -0.49%
- 1M
- 0.77%
- 6M
- 22.42%
- YTD
- 24.19%
- 1Y
- 28.33%
- 3Y*
- 20.87%
- 5Y*
- 20.07%
- 10Y*
- —
SPSK vs. SDCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPSK SP Funds Dow Jones Global Sukuk ETF | 0.10% | 6.16% | 2.95% | 3.95% | -7.75% | -1.30% | 3.67% | 0.25% |
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | 24.19% | 17.60% | 17.91% | -0.88% | 33.23% | 36.52% | -10.61% | -0.99% |
Correlation
The correlation between SPSK and SDCI is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 2019 | 0.04 |
The correlation between SPSK and SDCI shifts across timeframes, from -0.23 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPSK vs. SDCI — Risk / Return Rank
SPSK
SDCI
SPSK vs. SDCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SP Funds Dow Jones Global Sukuk ETF (SPSK) and USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI). 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.
| SPSK | SDCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.30 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 2.74 | -1.74 |
| Martin ratioReturn relative to average drawdown | 3.19 | 8.61 | -5.42 |
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Drawdowns
SPSK vs. SDCI - Drawdown Comparison
The maximum SPSK drawdown since its inception was -12.83%, smaller than the maximum SDCI drawdown of -45.79%. Use the drawdown chart below to compare losses from any high point for SPSK and SDCI.
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Drawdown Indicators
| SPSK | SDCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.83% | -45.79% | +32.96% |
Max Drawdown (1Y)Largest decline over 1 year | -2.85% | -11.03% | +8.18% |
Max Drawdown (3Y)Largest decline over 3 years | -3.08% | -11.96% | +8.88% |
Max Drawdown (5Y)Largest decline over 5 years | -12.45% | -18.55% | +6.10% |
Current DrawdownCurrent decline from peak | -0.96% | -6.59% | +5.63% |
Average DrawdownAverage peak-to-trough decline | -3.78% | -11.53% | +7.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 3.50% | -2.61% |
Volatility
SPSK vs. SDCI - Volatility Comparison
The current volatility for SP Funds Dow Jones Global Sukuk ETF (SPSK) is 0.80%, while USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) has a volatility of 4.84%. This indicates that SPSK experiences smaller price fluctuations and is considered to be less risky than SDCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPSK | SDCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.80% | 4.84% | -4.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.44% | 14.60% | -12.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.77% | 17.04% | -13.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.27% | 18.39% | -13.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.43% | 17.07% | -11.64% |
SPSK vs. SDCI - Expense Ratio Comparison
SPSK has a 0.50% expense ratio, which is lower than SDCI's 0.60% expense ratio.
Dividends
SPSK vs. SDCI - Dividend Comparison
SPSK's dividend yield for the trailing twelve months is around 4.36%, more than SDCI's 2.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | 2.96% | 3.68% | 5.92% | 3.46% | 33.49% | 19.26% | 0.20% | 0.93% | 0.68% |
SPSK SP Funds Dow Jones Global Sukuk ETF | 4.36% | 3.63% | 3.53% | 2.95% | 2.22% | 2.56% | 1.78% | 0.00% | 0.00% |
Frequently Asked Questions
SPSK and SDCI 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.
SDCI has higher volatility (4.84%) compared to SPSK (0.80%). In terms of maximum drawdown, SPSK dropped -12.83% vs SDCI's -45.79%.
On 5-year performance, SDCI leads with 20.07% vs 0.88% for SPSK. On fees, SPSK is cheaper at 0.50% per year. On volatility, SPSK has been the lower-risk option at 0.80%. 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 20.07% return vs 0.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPSK is cheaper with a 0.50% expense ratio, compared with 0.60% for SDCI.
SPSK has the higher dividend yield at 4.36%, compared with 2.96% for SDCI.
SPSK is categorized as Global Bonds, while SDCI is Commodities. SPSK tracks Dow Jones Sukuk Total Return Index, while SDCI tracks SummerHaven Dynamic Commodity Index Total Return. They also come from different issuers: SP Funds and USCF Investments. Their fees differ too: 0.50% for SPSK and 0.60% for SDCI.
SDCI currently has the higher Sharpe Ratio (1.77 vs 0.75), 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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