UDI vs. ILCV

Last updated Apr 1, 2026

Compare and contrast key facts about USCF ESG Dividend Income Fund (UDI) and iShares Morningstar Value ETF (ILCV).

UDI and ILCV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UDI is an actively managed fund by USCF Advisers. It was launched on Jun 8, 2022. ILCV is a passively managed fund by iShares that tracks the performance of the Morningstar US Large-Mid Cap Broad Value Index. It was launched on Jun 28, 2004.

Performance

UDI vs. ILCV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USCF ESG Dividend Income Fund (UDI) and iShares Morningstar Value ETF (ILCV). The values are adjusted to include any dividend payments, if applicable.

UDI vs. ILCV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
UDI USCF ESG Dividend Income Fund	5.95%	14.23%	17.07%	6.35%	3.81%
ILCV iShares Morningstar Value ETF	-0.92%	18.79%	17.03%	14.43%	-1.69%

Returns By Period

In the year-to-date period, UDI achieves a 5.95% return, which is significantly higher than ILCV's -0.92% return.

UDI

• 1D: 1.04%
• 1M: -2.12%
• YTD: 5.95%
• 6M: 9.33%
• 1Y: 18.09%
• 3Y*: 14.74%
• 5Y*: —
• 10Y*: —

ILCV

• 1D: 1.96%
• 1M: -4.49%
• YTD: -0.92%
• 6M: 4.39%
• 1Y: 16.47%
• 3Y*: 15.74%
• 5Y*: 10.84%
• 10Y*: 10.99%

*Multi-year figures are annualized to reflect compound growth (CAGR)

UDI vs. ILCV - Expense Ratio Comparison

UDI has a 0.65% expense ratio, which is higher than ILCV's 0.04% expense ratio.

UDI

USCF ESG Dividend Income Fund

ILCV

iShares Morningstar Value ETF

Return for Risk

UDI vs. ILCV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UDI

UDI Risk / Return Rank: 69
UDI Sharpe Ratio Rank: 69
UDI Sortino Ratio Rank: 67
UDI Omega Ratio Rank: 67
UDI Calmar Ratio Rank: 65
UDI Martin Ratio Rank: 74

ILCV

ILCV Risk / Return Rank: 66
ILCV Sharpe Ratio Rank: 64
ILCV Sortino Ratio Rank: 64
ILCV Omega Ratio Rank: 68
ILCV Calmar Ratio Rank: 61
ILCV Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UDI vs. ILCV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USCF ESG Dividend Income Fund (UDI) and iShares Morningstar Value ETF (ILCV). 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.

	UDI	ILCV	Difference
Sharpe ratio Return per unit of total volatility	1.24	1.08	+0.15
Sortino ratio Return per unit of downside risk	1.73	1.57	+0.16
Omega ratio Gain probability vs. loss probability	1.25	1.24	+0.01
Calmar ratio Return relative to maximum drawdown	1.70	1.50	+0.20
Martin ratio Return relative to average drawdown	7.96	7.14	+0.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UDI vs. ILCV - Sharpe Ratio Comparison

The current UDI Sharpe Ratio is 1.24, which is comparable to the ILCV Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of UDI and ILCV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	UDI	ILCV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.24	1.08	+0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.76	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	0.44	+0.44

Correlation

The correlation between UDI and ILCV 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.

Dividends

UDI vs. ILCV - Dividend Comparison

UDI's dividend yield for the trailing twelve months is around 2.53%, more than ILCV's 1.77% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UDI USCF ESG Dividend Income Fund	2.53%	2.42%	5.33%	2.61%	1.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ILCV iShares Morningstar Value ETF	1.77%	1.77%	1.99%	2.27%	2.32%	2.01%	2.96%	2.70%	2.93%	2.32%	2.76%	3.01%

Drawdowns

UDI vs. ILCV - Drawdown Comparison

The maximum UDI drawdown since its inception was -14.17%, smaller than the maximum ILCV drawdown of -58.63%. Use the drawdown chart below to compare losses from any high point for UDI and ILCV.

Drawdown Indicators

	UDI	ILCV	Difference
Max Drawdown Largest peak-to-trough decline	-14.17%	-58.63%	+44.46%
Max Drawdown (1Y) Largest decline over 1 year	-11.23%	-11.82%	+0.59%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.58%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.53%	—
Current Drawdown Current decline from peak	-2.82%	-4.72%	+1.90%
Average Drawdown Average peak-to-trough decline	-3.16%	-9.39%	+6.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.45%	2.48%	-0.03%

Volatility

UDI vs. ILCV - Volatility Comparison

The current volatility for USCF ESG Dividend Income Fund (UDI) is 3.17%, while iShares Morningstar Value ETF (ILCV) has a volatility of 3.81%. This indicates that UDI experiences smaller price fluctuations and is considered to be less risky than ILCV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UDI	ILCV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.17%	3.81%	-0.64%
Volatility (6M) Calculated over the trailing 6-month period	7.30%	7.65%	-0.35%
Volatility (1Y) Calculated over the trailing 1-year period	14.73%	15.31%	-0.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.22%	14.26%	-0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.22%	16.68%	-2.46%