UDI vs. ILCV

Last updated Jun 4, 2026

UDI (USCF ESG Dividend Income Fund) and ILCV (iShares Morningstar Value ETF) are both Large Cap Value Equities funds. UDI is actively managed, while ILCV is passively managed. Over the past 3 years, UDI returned 16.39%/yr vs 18.61%/yr for ILCV. Their correlation of 0.89 suggests significant overlap in exposure. UDI charges 0.65%/yr vs 0.04%/yr for ILCV.

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.

Returns By Period

In the year-to-date period, UDI achieves a 9.46% return, which is significantly higher than ILCV's 7.75% return.

UDI

• 1D: -0.16%
• 1M: 1.43%
• YTD: 9.46%
• 6M: 11.05%
• 1Y: 21.78%
• 3Y*: 16.39%
• 5Y*: —
• 10Y*: —

ILCV

• 1D: -0.44%
• 1M: 2.76%
• YTD: 7.75%
• 6M: 7.41%
• 1Y: 26.58%
• 3Y*: 18.61%
• 5Y*: 11.42%
• 10Y*: 11.68%

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

UDI vs. ILCV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
UDI USCF ESG Dividend Income Fund	9.46%	14.23%	17.07%	6.35%	3.81%
ILCV iShares Morningstar Value ETF	7.75%	18.79%	17.03%	14.43%	-1.69%

Correlation

The correlation between UDI and ILCV is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jun 9, 2022	0.89

The correlation between UDI and ILCV shifts across timeframes, from 0.75 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.

UDI vs. ILCV - Sectors Allocation Comparison

Sectors	UDI	ILCV
Financial Services	29.5%	16.5%
Healthcare	16.8%	11.5%
Energy	11.9%	6.0%
Real Estate	8.7%	2.0%
Utilities	8.3%	3.5%
Technology	6.8%	23.8%
Communication Services	6.1%	8.0%
Basic Materials	4.2%	2.4%
Consumer Defensive	2.9%	7.6%
Industrials	2.5%	8.8%
Consumer Cyclical	2.4%	9.5%

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: 70
UDI Sharpe Ratio Rank: 65
UDI Sortino Ratio Rank: 67
UDI Omega Ratio Rank: 61
UDI Calmar Ratio Rank: 77
UDI Martin Ratio Rank: 77

ILCV

ILCV Risk / Return Rank: 82
ILCV Sharpe Ratio Rank: 82
ILCV Sortino Ratio Rank: 84
ILCV Omega Ratio Rank: 81
ILCV Calmar Ratio Rank: 79
ILCV Martin Ratio Rank: 83

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	2.15	2.72	-0.57
Sortino ratio: Return per unit of downside risk	3.07	3.85	-0.78
Omega ratio: Gain probability vs. loss probability	1.37	1.50	-0.12
Calmar ratio: Return relative to maximum drawdown	3.87	4.08	-0.21
Martin ratio: Return relative to average drawdown	14.72	16.87	-2.15
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 2.15, which is comparable to the ILCV Sharpe Ratio of 2.72. The chart below compares the historical Sharpe Ratios of UDI and ILCV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UDI	ILCV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	2.72	-0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.81	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.46	+0.46

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	-5.66%	-6.55%	+0.89%
Max Drawdown (3Y) Largest decline over 3 years	-14.17%	-14.95%	+0.78%
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	-0.97%	-0.60%	-0.37%
Average Drawdown Average peak-to-trough decline	-3.07%	-9.32%	+6.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.48%	1.58%	-0.10%

Volatility

UDI vs. ILCV - Volatility Comparison

USCF ESG Dividend Income Fund (UDI) has a higher volatility of 2.67% compared to iShares Morningstar Value ETF (ILCV) at 2.01%. This indicates that UDI's price experiences larger fluctuations and is considered to be riskier 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	2.67%	2.01%	+0.66%
Volatility (6M) Calculated over the trailing 6-month period	6.95%	6.97%	-0.02%
Volatility (1Y) Calculated over the trailing 1-year period	10.19%	9.82%	+0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.04%	14.21%	-0.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.04%	16.66%	-2.62%

UDI vs. ILCV - Expense Ratio Comparison

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

Dividends

UDI vs. ILCV - Dividend Comparison

UDI's dividend yield for the trailing twelve months is around 2.49%, more than ILCV's 1.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ILCV iShares Morningstar Value ETF	1.63%	1.77%	1.99%	2.27%	2.32%	2.01%	2.96%	2.70%	2.93%	2.32%	2.76%	3.01%
UDI USCF ESG Dividend Income Fund	2.49%	2.42%	5.33%	2.61%	1.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UDI and ILCV in my portfolio?

UDI and ILCV have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UDI or ILCV?

UDI has higher volatility (2.67%) compared to ILCV (2.01%). In terms of maximum drawdown, UDI dropped -14.17% vs ILCV's -58.63%.

Which ETF is better, UDI or ILCV?

On 3-year performance, ILCV leads with 18.61% vs 16.39% for UDI. On fees, ILCV is cheaper at 0.04% per year. On volatility, ILCV has been the lower-risk option at 2.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UDI or ILCV?

Over the 3-year period, ILCV has performed better with a 18.61% return vs 16.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UDI or ILCV?

ILCV is cheaper with a 0.04% expense ratio, compared with 0.65% for UDI.

Which ETF pays a higher dividend yield, UDI or ILCV?

UDI has the higher dividend yield at 2.49%, compared with 1.63% for ILCV.

What is the main difference between UDI and ILCV?

They also come from different issuers: USCF Advisers and iShares. Their fees differ too: 0.65% for UDI and 0.04% for ILCV.

Which has better risk-adjusted returns?

ILCV currently has the higher Sharpe Ratio (2.72 vs 2.15), 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.