TBLL vs. SDCI
TBLL (Invesco Short Term Treasury ETF) and SDCI (USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund) are both exchange-traded funds - TBLL is a Ultrashort Bond fund tracking the ICE U.S. Treasury Short Bond Index, while SDCI is a Commodities fund tracking the SummerHaven Dynamic Commodity Index Total Return. Both are passively managed. Over the past 5 years, TBLL returned 3.43%/yr vs 20.07%/yr for SDCI. At a correlation of -0.05, they often move in opposite directions. TBLL charges 0.08%/yr vs 0.60%/yr for SDCI.
Performance
TBLL vs. SDCI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TBLL achieves a 1.82% return, which is significantly lower than SDCI's 24.19% return.
TBLL
- 1D
- 0.04%
- 1M
- 0.26%
- 6M
- 1.72%
- YTD
- 1.82%
- 1Y
- 3.84%
- 3Y*
- 4.61%
- 5Y*
- 3.43%
- 10Y*
- —
SDCI
- 1D
- -0.49%
- 1M
- 0.77%
- 6M
- 22.42%
- YTD
- 24.19%
- 1Y
- 28.33%
- 3Y*
- 20.87%
- 5Y*
- 20.07%
- 10Y*
- —
TBLL vs. SDCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TBLL Invesco Short Term Treasury ETF | 1.82% | 4.21% | 5.11% | 5.01% | 1.11% | -0.01% | 0.93% | 2.20% | 1.36% |
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | 24.19% | 17.60% | 17.91% | -0.88% | 33.23% | 36.52% | -10.61% | -2.36% | -13.91% |
Correlation
The correlation between TBLL and SDCI is -0.14, 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 | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since May 3, 2018 | -0.05 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TBLL vs. SDCI — Risk / Return Rank
TBLL
SDCI
TBLL vs. SDCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Short Term Treasury ETF (TBLL) 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.
| TBLL | SDCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +17.51 | ||
| Sortino ratioReturn per unit of downside risk | +128.61 | ||
| Omega ratioGain probability vs. loss probability | 51.38 | 1.30 | +50.08 |
| Calmar ratioReturn relative to maximum drawdown | 206.15 | 2.74 | +203.41 |
| Martin ratioReturn relative to average drawdown | 2,119.64 | 8.61 | +2,111.02 |
Loading charts...
Drawdowns
TBLL vs. SDCI - Drawdown Comparison
The maximum TBLL drawdown since its inception was -0.63%, smaller than the maximum SDCI drawdown of -45.79%. Use the drawdown chart below to compare losses from any high point for TBLL and SDCI.
Loading charts...
Drawdown Indicators
| TBLL | SDCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.63% | -45.79% | +45.16% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -11.03% | +11.01% |
Max Drawdown (3Y)Largest decline over 3 years | -0.36% | -11.96% | +11.60% |
Max Drawdown (5Y)Largest decline over 5 years | -0.36% | -18.55% | +18.19% |
Current DrawdownCurrent decline from peak | 0.00% | -6.59% | +6.59% |
Average DrawdownAverage peak-to-trough decline | -0.14% | -11.53% | +11.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 3.50% | -3.50% |
Volatility
TBLL vs. SDCI - Volatility Comparison
The current volatility for Invesco Short Term Treasury ETF (TBLL) is 0.09%, while USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) has a volatility of 4.84%. This indicates that TBLL 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.
Loading charts...
Volatility by Period
| TBLL | SDCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.09% | 4.84% | -4.75% |
Volatility (6M)Calculated over the trailing 6-month period | 0.14% | 14.60% | -14.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.20% | 17.04% | -16.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.45% | 18.39% | -17.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.56% | 17.07% | -16.51% |
TBLL vs. SDCI - Expense Ratio Comparison
TBLL has a 0.08% expense ratio, which is lower than SDCI's 0.60% expense ratio.
Dividends
TBLL vs. SDCI - Dividend Comparison
TBLL's dividend yield for the trailing twelve months is around 3.75%, more than SDCI's 2.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
TBLL Invesco Short Term Treasury ETF | 3.75% | 4.08% | 4.99% | 4.63% | 1.37% | 0.03% | 0.80% | 2.08% | 1.69% | 0.71% |
Frequently Asked Questions
TBLL and SDCI have a correlation of -0.14, 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 TBLL (0.09%). In terms of maximum drawdown, TBLL dropped -0.63% vs SDCI's -45.79%.
On 5-year performance, SDCI leads with 20.07% vs 3.43% for TBLL. On fees, TBLL is cheaper at 0.08% per year. On volatility, TBLL has been the lower-risk option at 0.09%. 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 3.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TBLL is cheaper with a 0.08% expense ratio, compared with 0.60% for SDCI.
TBLL has the higher dividend yield at 3.75%, compared with 2.96% for SDCI.
TBLL is categorized as Ultrashort Bond, while SDCI is Commodities. TBLL tracks ICE U.S. Treasury Short Bond Index, while SDCI tracks SummerHaven Dynamic Commodity Index Total Return. They also come from different issuers: Invesco and USCF Investments. Their fees differ too: 0.08% for TBLL and 0.60% for SDCI.
TBLL currently has the higher Sharpe Ratio (19.28 vs 1.77), 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.
Find the right allocation for TBLL and SDCI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer