USCI vs. BTC-USD
USCI (United States Commodity Index Fund) is Commodities fund tracking the SummerHaven Dynamic Commodity Index Total Return, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, USCI returned 9.20%/yr vs 59.93%/yr for BTC-USD. Their 0.04 correlation means their historical movements had little consistent relationship.
Performance
USCI vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, USCI achieves a 30.16% return, which is significantly higher than BTC-USD's -28.25% return. Over the past 10 years, USCI has underperformed BTC-USD with an annualized return of 9.20%, while BTC-USD has yielded a comparatively higher 59.93% annualized return.
USCI
- 1D
- 0.05%
- 1M
- 9.65%
- 6M
- 19.52%
- YTD
- 30.16%
- 1Y
- 38.23%
- 3Y*
- 19.78%
- 5Y*
- 19.95%
- 10Y*
- 9.20%
- ALL TIME*
- 4.50%
BTC-USD
- 1D
- -0.07%
- 1M
- 2.11%
- 6M
- -20.17%
- YTD
- -28.25%
- 1Y
- -44.56%
- 3Y*
- 29.12%
- 5Y*
- 9.91%
- 10Y*
- 59.93%
- ALL TIME*
- 87.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BTC-USD Bitcoin | $1567.39T | $1617.70T | $2123.65T |
| $1.01M | $1.13M | $1.88M |
USCI vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USCI United States Commodity Index Fund | 30.16% | 17.63% | 17.24% | 0.00% | 29.47% | 33.07% | -11.47% | -1.68% | -11.76% | 6.32% |
BTC-USD Bitcoin | -28.25% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between USCI and BTC-USD is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.08 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2012 | 0.04 |
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Return for Risk
USCI vs. BTC-USD — Risk / Return Rank
USCI
BTC-USD
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.
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.
| USCI | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.13 | ||
| Sortino ratioReturn per unit of downside risk | +4.32 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 0.85 | +0.51 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | -0.84 | +4.06 |
| Martin ratioReturn relative to average drawdown | 10.29 | -1.29 | +11.59 |
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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.
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Drawdown Indicators
| USCI | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.41% | -85.30% | +18.89% |
Max Drawdown (1Y)Largest decline over 1 year | -11.19% | -53.08% | +41.89% |
Max Drawdown (3Y)Largest decline over 3 years | -12.01% | -53.08% | +41.07% |
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 DrawdownCurrent decline from peak | -1.85% | -49.66% | +47.81% |
Average DrawdownAverage peak-to-trough decline | -29.27% | -42.72% | +13.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 24.84% | -21.34% |
Volatility
USCI vs. BTC-USD - Volatility Comparison
The current volatility for United States Commodity Index Fund (USCI) is 5.30%, while Bitcoin (BTC-USD) has a volatility of 8.58%. 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.
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Volatility by Period
| USCI | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.30% | 8.58% | -3.28% |
Volatility (6M)Calculated over the trailing 6-month period | 14.27% | 33.78% | -19.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.21% | 35.90% | -18.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.42% | 43.65% | -25.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.91% | 56.25% | -40.34% |
Frequently Asked Questions
USCI and BTC-USD have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (8.58%) compared to USCI (5.30%). In terms of maximum drawdown, USCI dropped -66.41% vs BTC-USD's -85.30%.
USCI currently has the higher Sharpe Ratio (2.10 vs -1.03), 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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