USCI vs. CMDY
Compare and contrast key facts about United States Commodity Index Fund (USCI) and iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY).
USCI and CMDY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. CMDY is a passively managed fund by iShares that tracks the performance of the Bloomberg Roll Select Commodity Total Return Index. It was launched on Apr 3, 2018. Both USCI and CMDY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
USCI vs. CMDY - Performance Comparison
Loading graphics...
USCI vs. CMDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
USCI United States Commodity Index Fund | 22.82% | 17.63% | 17.24% | -0.00% | 29.47% | 33.07% | -11.47% | -1.68% | -11.78% |
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 21.89% | 15.81% | 5.43% | -9.33% | 14.55% | 26.38% | 1.15% | 4.96% | -11.11% |
Returns By Period
The year-to-date returns for both stocks are quite close, with USCI having a 22.82% return and CMDY slightly lower at 21.89%.
USCI
- 1D
- -0.70%
- 1M
- 11.64%
- YTD
- 22.82%
- 6M
- 22.37%
- 1Y
- 32.16%
- 3Y*
- 20.66%
- 5Y*
- 21.59%
- 10Y*
- 9.00%
CMDY
- 1D
- -0.40%
- 1M
- 8.85%
- YTD
- 21.89%
- 6M
- 27.68%
- 1Y
- 29.42%
- 3Y*
- 12.60%
- 5Y*
- 12.80%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
USCI vs. CMDY - Expense Ratio Comparison
USCI has a 1.03% expense ratio, which is higher than CMDY's 0.28% expense ratio.
Return for Risk
USCI vs. CMDY — Risk / Return Rank
USCI
CMDY
USCI vs. CMDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Commodity Index Fund (USCI) and iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY). 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 | CMDY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.76 | 1.80 | -0.04 |
Sortino ratioReturn per unit of downside risk | 2.28 | 2.36 | -0.08 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.34 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.76 | 3.17 | -0.41 |
Martin ratioReturn relative to average drawdown | 9.39 | 9.89 | -0.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| USCI | CMDY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 1.80 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.18 | 0.82 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.55 | -0.26 |
Correlation
The correlation between USCI and CMDY is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
USCI vs. CMDY - Dividend Comparison
USCI has not paid dividends to shareholders, while CMDY's dividend yield for the trailing twelve months is around 10.58%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
USCI United States Commodity Index Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 10.58% | 12.89% | 4.23% | 5.10% | 3.98% | 16.09% | 0.15% | 2.21% | 1.73% |
Drawdowns
USCI vs. CMDY - Drawdown Comparison
The maximum USCI drawdown since its inception was -66.41%, which is greater than CMDY's maximum drawdown of -31.19%. Use the drawdown chart below to compare losses from any high point for USCI and CMDY.
Loading graphics...
Drawdown Indicators
| USCI | CMDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.41% | -31.19% | -35.22% |
Max Drawdown (1Y)Largest decline over 1 year | -12.01% | -9.57% | -2.44% |
Max Drawdown (5Y)Largest decline over 5 years | -18.84% | -26.56% | +7.72% |
Max Drawdown (10Y)Largest decline over 10 years | -45.82% | — | — |
Current DrawdownCurrent decline from peak | -0.70% | -0.44% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -29.82% | -13.39% | -16.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 3.06% | +0.47% |
Volatility
USCI vs. CMDY - Volatility Comparison
United States Commodity Index Fund (USCI) and iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) have volatilities of 6.98% and 6.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| USCI | CMDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.98% | 6.73% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 13.85% | 13.01% | +0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.38% | 16.42% | +1.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.42% | 15.63% | +2.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.78% | 14.54% | +1.24% |