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USCI vs. BTC-USD
Performance
Return for Risk
Drawdowns
Volatility

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.

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Returns By Period

In the year-to-date period, USCI achieves a 26.41% return, which is significantly higher than BTC-USD's -27.60% return. Over the past 10 years, USCI has underperformed BTC-USD with an annualized return of 8.62%, while BTC-USD has yielded a comparatively higher 59.71% annualized return.


USCI

1D
-1.41%
1M
-2.86%
YTD
26.41%
6M
24.03%
1Y
38.42%
3Y*
22.48%
5Y*
18.94%
10Y*
8.62%

BTC-USD

1D
-1.08%
1M
-21.71%
YTD
-27.60%
6M
-31.22%
1Y
-39.53%
3Y*
35.01%
5Y*
12.25%
10Y*
59.71%
*Multi-year figures are annualized to reflect compound growth (CAGR)

USCI vs. BTC-USD - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
USCI
United States Commodity Index Fund
26.41%17.63%17.24%-0.00%29.47%33.07%-11.47%-1.68%-11.76%6.32%
BTC-USD
Bitcoin
-27.60%-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 0.08, 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

0.08

Correlation (3Y)
Calculated over the trailing 3-year period

0.04

Correlation (5Y)
Calculated over the trailing 5-year period

0.08

Correlation (10Y)
Calculated over the trailing 10-year period

0.06

Correlation (All Time)
Calculated using the full available price history since Sep 20, 2012

0.04

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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: 7373
Overall Rank
USCI Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
USCI Sortino Ratio Rank: 6565
Sortino Ratio Rank
USCI Omega Ratio Rank: 6565
Omega Ratio Rank
USCI Calmar Ratio Rank: 8383
Calmar Ratio Rank
USCI Martin Ratio Rank: 7979
Martin Ratio Rank

BTC-USD
BTC-USD Risk / Return Rank: 3030
Overall Rank
BTC-USD Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
BTC-USD Sortino Ratio Rank: 3434
Sortino Ratio Rank
BTC-USD Omega Ratio Rank: 3232
Omega Ratio Rank
BTC-USD Calmar Ratio Rank: 4848
Calmar Ratio Rank
BTC-USD Martin Ratio Rank: 2121
Martin Ratio Rank
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.


USCIBTC-USDDifference
Sharpe ratioReturn per unit of total volatility

+3.23

Sortino ratioReturn per unit of downside risk

+4.25

Omega ratioGain probability vs. loss probability

1.39

0.87

+0.52

Calmar ratioReturn relative to maximum drawdown

4.42

-0.80

+5.22

Martin ratioReturn relative to average drawdown

15.31

-1.39

+16.71

USCI vs. BTC-USD - Sharpe Ratio Comparison

The current USCI Sharpe Ratio is 2.30, which is higher than the BTC-USD Sharpe Ratio of -0.92. The chart below compares the historical Sharpe Ratios of USCI and BTC-USD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Sharpe Ratios by Period


USCIBTC-USDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.30

-0.92

+3.23

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.03

0.23

+0.81

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.55

0.88

-0.33

Sharpe Ratio (All Time)

Calculated using the full available price history

0.29

1.13

-0.83

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


USCIBTC-USDDifference

Max Drawdown

Largest peak-to-trough decline

-66.41%

-85.30%

+18.89%

Max Drawdown (1Y)

Largest decline over 1 year

-8.73%

-49.65%

+40.92%

Max Drawdown (3Y)

Largest decline over 3 years

-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

-4.46%

-49.21%

+44.75%

Average Drawdown

Average peak-to-trough decline

-29.50%

-42.28%

+12.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.52%

33.87%

-31.35%

Volatility

USCI vs. BTC-USD - Volatility Comparison

The current volatility for United States Commodity Index Fund (USCI) is 4.69%, while Bitcoin (BTC-USD) has a volatility of 10.14%. 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


USCIBTC-USDDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.69%

10.14%

-5.45%

Volatility (6M)

Calculated over the trailing 6-month period

14.00%

34.17%

-20.17%

Volatility (1Y)

Calculated over the trailing 1-year period

16.76%

35.51%

-18.75%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.44%

44.98%

-26.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.85%

56.69%

-40.84%

Frequently Asked Questions


USCI and BTC-USD have a correlation of 0.08, 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 (10.14%) compared to USCI (4.69%). In terms of maximum drawdown, USCI dropped -66.41% vs BTC-USD's -85.30%.

USCI currently has the higher Sharpe Ratio (2.30 vs -0.92), 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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