TLH vs. SDCI
TLH (iShares 10-20 Year Treasury Bond ETF) and SDCI (USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund) are both exchange-traded funds - TLH is a Government Bonds fund tracking the ICE U.S. Treasury 10-20 Year 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, TLH returned -4.57%/yr vs 19.99%/yr for SDCI. At a correlation of -0.13, they often move in opposite directions. TLH charges 0.15%/yr vs 0.60%/yr for SDCI.
Performance
TLH vs. SDCI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TLH achieves a 0.09% return, which is significantly lower than SDCI's 22.97% return.
TLH
- 1D
- -0.04%
- 1M
- 1.05%
- 6M
- -0.16%
- YTD
- 0.09%
- 1Y
- 3.69%
- 3Y*
- 1.79%
- 5Y*
- -4.57%
- 10Y*
- -1.18%
SDCI
- 1D
- 2.96%
- 1M
- -1.95%
- 6M
- 20.78%
- YTD
- 22.97%
- 1Y
- 29.29%
- 3Y*
- 20.92%
- 5Y*
- 19.99%
- 10Y*
- —
TLH vs. SDCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TLH iShares 10-20 Year Treasury Bond ETF | 0.09% | 6.47% | -4.21% | 4.03% | -25.24% | -5.38% | 13.78% | 10.11% | 4.85% |
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | 22.97% | 17.60% | 17.91% | -0.88% | 33.23% | 36.52% | -10.61% | -2.36% | -13.91% |
Correlation
The correlation between TLH and SDCI is -0.31, 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 | -0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since May 3, 2018 | -0.13 |
The correlation between TLH and SDCI shifts across timeframes, from -0.31 (1 year) to -0.11 (5 years), reflecting how their relationship changes across market environments.
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
TLH vs. SDCI — Risk / Return Rank
TLH
SDCI
TLH vs. SDCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 10-20 Year Treasury Bond ETF (TLH) 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.
| TLH | SDCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.29 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | 2.67 | -2.10 |
| Martin ratioReturn relative to average drawdown | 1.47 | 8.65 | -7.17 |
Loading charts...
Drawdowns
TLH vs. SDCI - Drawdown Comparison
The maximum TLH drawdown since its inception was -41.14%, smaller than the maximum SDCI drawdown of -45.79%. Use the drawdown chart below to compare losses from any high point for TLH and SDCI.
Loading charts...
Drawdown Indicators
| TLH | SDCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.14% | -45.79% | +4.65% |
Max Drawdown (1Y)Largest decline over 1 year | -6.50% | -11.03% | +4.53% |
Max Drawdown (3Y)Largest decline over 3 years | -15.27% | -11.96% | -3.31% |
Max Drawdown (5Y)Largest decline over 5 years | -35.41% | -18.55% | -16.86% |
Max Drawdown (10Y)Largest decline over 10 years | -41.14% | — | — |
Current DrawdownCurrent decline from peak | -29.40% | -7.51% | -21.89% |
Average DrawdownAverage peak-to-trough decline | -10.83% | -11.54% | +0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 3.40% | -0.89% |
Volatility
TLH vs. SDCI - Volatility Comparison
The current volatility for iShares 10-20 Year Treasury Bond ETF (TLH) is 2.38%, while USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) has a volatility of 4.88%. This indicates that TLH 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
| TLH | SDCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.38% | 4.88% | -2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 5.76% | 14.60% | -8.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.83% | 16.99% | -9.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.67% | 18.39% | -5.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.19% | 17.08% | -5.89% |
TLH vs. SDCI - Expense Ratio Comparison
TLH has a 0.15% expense ratio, which is lower than SDCI's 0.60% expense ratio.
Dividends
TLH vs. SDCI - Dividend Comparison
TLH's dividend yield for the trailing twelve months is around 4.47%, more than SDCI's 2.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | 2.99% | 3.68% | 5.92% | 3.46% | 33.49% | 19.26% | 0.20% | 0.93% | 0.68% | 0.00% | 0.00% | 0.00% |
TLH iShares 10-20 Year Treasury Bond ETF | 4.47% | 4.17% | 4.28% | 3.83% | 2.78% | 1.50% | 2.65% | 2.31% | 2.17% | 1.83% | 1.91% | 2.13% |
Frequently Asked Questions
TLH and SDCI have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDCI has higher volatility (4.88%) compared to TLH (2.38%). In terms of maximum drawdown, TLH dropped -41.14% vs SDCI's -45.79%.
On 5-year performance, SDCI leads with 19.99% vs -4.57% for TLH. On fees, TLH is cheaper at 0.15% per year. On volatility, TLH has been the lower-risk option at 2.38%. 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 19.99% return vs -4.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TLH is cheaper with a 0.15% expense ratio, compared with 0.60% for SDCI.
TLH has the higher dividend yield at 4.47%, compared with 2.99% for SDCI.
TLH is categorized as Government Bonds, while SDCI is Commodities. TLH tracks ICE U.S. Treasury 10-20 Year Bond Index, while SDCI tracks SummerHaven Dynamic Commodity Index Total Return. They also come from different issuers: iShares and USCF Investments. Their fees differ too: 0.15% for TLH and 0.60% for SDCI.
SDCI currently has the higher Sharpe Ratio (1.73 vs 0.47), 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 TLH 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