USCI vs. BTC-USD

Last updated Apr 2, 2026

Compare and contrast key facts about United States Commodity Index Fund (USCI) and Bitcoin (BTC-USD).

USCI is a passively managed fund by Concierge Technologies that tracks the performance of the SummerHaven Dynamic Commodity (TR). It was launched on Aug 10, 2010.

Performance

USCI vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in United States Commodity Index Fund (USCI) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

USCI vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
USCI United States Commodity Index Fund	22.25%	17.63%	17.24%	-0.00%	29.47%	33.07%	-11.47%	-1.68%	-11.76%	6.32%
BTC-USD Bitcoin	-21.63%	-6.27%	120.76%	155.82%	-64.23%	59.40%	304.57%	94.10%	-73.37%	1,324.24%

Returns By Period

In the year-to-date period, USCI achieves a 22.25% return, which is significantly higher than BTC-USD's -21.63% return. Over the past 10 years, USCI has underperformed BTC-USD with an annualized return of 8.95%, while BTC-USD has yielded a comparatively higher 66.45% annualized return.

USCI

• 1D: -0.46%
• 1M: 9.12%
• YTD: 22.25%
• 6M: 21.55%
• 1Y: 29.71%
• 3Y*: 20.48%
• 5Y*: 21.48%
• 10Y*: 8.95%

BTC-USD

• 1D: 0.51%
• 1M: -0.38%
• YTD: -21.63%
• 6M: -42.21%
• 1Y: -19.49%
• 3Y*: 34.49%
• 5Y*: 3.06%
• 10Y*: 66.45%

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

Return for Risk

USCI vs. BTC-USD — Risk / Return Rank

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

USCI

USCI Risk / Return Rank: 80
USCI Sharpe Ratio Rank: 82
USCI Sortino Ratio Rank: 80
USCI Omega Ratio Rank: 73
USCI Calmar Ratio Rank: 85
USCI Martin Ratio Rank: 79

BTC-USD

BTC-USD Risk / Return Rank: 43
BTC-USD Sharpe Ratio Rank: 61
BTC-USD Sortino Ratio Rank: 55
BTC-USD Omega Ratio Rank: 51
BTC-USD Calmar Ratio Rank: 43
BTC-USD Martin Ratio Rank: 4

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.

USCI vs. BTC-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for United States Commodity Index Fund (USCI) and Bitcoin (BTC-USD). 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	BTC-USD	Difference
Sharpe ratio Return per unit of total volatility	1.63	-0.44	+2.07
Sortino ratio Return per unit of downside risk	2.13	-0.38	+2.51
Omega ratio Gain probability vs. loss probability	1.28	0.96	+0.32
Calmar ratio Return relative to maximum drawdown	2.63	-1.11	+3.73
Martin ratio Return relative to average drawdown	8.94	-1.99	+10.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USCI vs. BTC-USD - Sharpe Ratio Comparison

The current USCI Sharpe Ratio is 1.63, which is higher than the BTC-USD Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of USCI and BTC-USD, 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

	USCI	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.63	-0.44	+2.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.17	0.05	+1.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.97	-0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	1.19	-0.91

Correlation

The correlation between USCI and BTC-USD is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

USCI vs. BTC-USD - Drawdown Comparison

The maximum USCI drawdown since its inception was -66.41%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for USCI and BTC-USD.

Drawdown Indicators

	USCI	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-66.41%	-85.30%	+18.89%
Max Drawdown (1Y) Largest decline over 1 year	-12.01%	-49.65%	+37.64%
Max Drawdown (5Y) Largest decline over 5 years	-18.84%	-76.67%	+57.83%
Max Drawdown (10Y) Largest decline over 10 years	-45.82%	-83.80%	+37.98%
Current Drawdown Current decline from peak	-1.15%	-45.02%	+43.87%
Average Drawdown Average peak-to-trough decline	-29.82%	-41.99%	+12.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.53%	27.60%	-24.07%

Volatility

USCI vs. BTC-USD - Volatility Comparison

The current volatility for United States Commodity Index Fund (USCI) is 6.97%, while Bitcoin (BTC-USD) has a volatility of 13.58%. This indicates that USCI experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USCI	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.97%	13.58%	-6.61%
Volatility (6M) Calculated over the trailing 6-month period	13.85%	35.98%	-22.13%
Volatility (1Y) Calculated over the trailing 1-year period	18.38%	36.76%	-18.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.42%	46.90%	-28.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.78%	56.70%	-40.92%