USCI vs. BDRY
USCI (United States Commodity Index Fund) and BDRY (Breakwave Dry Bulk Shipping ETF) are both Commodities funds - USCI tracks the SummerHaven Dynamic Commodity (TR) while BDRY tracks the Breakwave Dry Freight Futures Index. Both are passively managed. Over the past 5 years, USCI returned 19.28%/yr vs -11.69%/yr for BDRY. At a 0.04 correlation, their price movements are largely independent. USCI charges 1.03%/yr vs 3.76%/yr for BDRY.
Performance
USCI vs. BDRY - Performance Comparison
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Returns By Period
In the year-to-date period, USCI achieves a 28.22% return, which is significantly lower than BDRY's 43.90% return.
USCI
- 1D
- 0.11%
- 1M
- -1.22%
- YTD
- 28.22%
- 6M
- 26.35%
- 1Y
- 40.33%
- 3Y*
- 23.15%
- 5Y*
- 19.28%
- 10Y*
- 8.86%
BDRY
- 1D
- -2.47%
- 1M
- 7.04%
- YTD
- 43.90%
- 6M
- 35.70%
- 1Y
- 142.69%
- 3Y*
- 27.14%
- 5Y*
- -11.69%
- 10Y*
- —
USCI vs. BDRY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
USCI United States Commodity Index Fund | 28.22% | 17.63% | 17.24% | -0.00% | 29.47% | 33.07% | -11.47% | -1.68% | -11.82% |
BDRY Breakwave Dry Bulk Shipping ETF | 43.90% | 44.24% | -47.40% | 25.79% | -68.84% | 282.99% | -50.16% | -15.92% | -27.98% |
Correlation
The correlation between USCI and BDRY is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2018 | 0.04 |
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Return for Risk
USCI vs. BDRY — Risk / Return Rank
USCI
BDRY
USCI vs. BDRY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Commodity Index Fund (USCI) and Breakwave Dry Bulk Shipping ETF (BDRY). 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.
| USCI | BDRY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.45 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.64 | 6.65 | -2.01 |
| Martin ratioReturn relative to average drawdown | 16.18 | 19.36 | -3.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| USCI | BDRY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.43 | 3.40 | -0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.05 | -0.19 | +1.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | -0.13 | +0.43 |
Drawdowns
USCI vs. BDRY - Drawdown Comparison
The maximum USCI drawdown since its inception was -66.41%, smaller than the maximum BDRY drawdown of -89.16%. Use the drawdown chart below to compare losses from any high point for USCI and BDRY.
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Drawdown Indicators
| USCI | BDRY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.41% | -89.16% | +22.75% |
Max Drawdown (1Y)Largest decline over 1 year | -8.73% | -21.60% | +12.87% |
Max Drawdown (3Y)Largest decline over 3 years | -12.01% | -69.71% | +57.70% |
Max Drawdown (5Y)Largest decline over 5 years | -18.84% | -89.16% | +70.32% |
Max Drawdown (10Y)Largest decline over 10 years | -45.82% | — | — |
Current DrawdownCurrent decline from peak | -3.10% | -69.60% | +66.50% |
Average DrawdownAverage peak-to-trough decline | -29.51% | -58.38% | +28.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 7.40% | -4.90% |
Volatility
USCI vs. BDRY - Volatility Comparison
The current volatility for United States Commodity Index Fund (USCI) is 4.51%, while Breakwave Dry Bulk Shipping ETF (BDRY) has a volatility of 11.26%. This indicates that USCI experiences smaller price fluctuations and is considered to be less risky than BDRY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USCI | BDRY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 11.26% | -6.75% |
Volatility (6M)Calculated over the trailing 6-month period | 13.93% | 30.02% | -16.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.70% | 42.29% | -25.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.44% | 60.70% | -42.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 62.58% | -46.73% |
USCI vs. BDRY - Expense Ratio Comparison
USCI has a 1.03% expense ratio, which is lower than BDRY's 3.76% expense ratio.
Dividends
USCI vs. BDRY - Dividend Comparison
Neither USCI nor BDRY has paid dividends to shareholders.
Frequently Asked Questions
USCI and BDRY have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BDRY has higher volatility (11.26%) compared to USCI (4.51%). In terms of maximum drawdown, USCI dropped -66.41% vs BDRY's -89.16%.
On 5-year performance, USCI leads with 19.28% vs -11.69% for BDRY. On fees, USCI is cheaper at 1.03% per year. On volatility, USCI has been the lower-risk option at 4.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, USCI has performed better with a 19.28% return vs -11.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USCI is cheaper with a 1.03% expense ratio, compared with 3.76% for BDRY.
USCI and BDRY have nearly identical dividend yields, around 0.00%.
USCI tracks SummerHaven Dynamic Commodity (TR), while BDRY tracks Breakwave Dry Freight Futures Index. They also come from different issuers: Concierge Technologies and ETFMG. Their fees differ too: 1.03% for USCI and 3.76% for BDRY.
BDRY currently has the higher Sharpe Ratio (3.40 vs 2.43), 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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