USCI vs. GABF
USCI (United States Commodity Index Fund) and GABF (Gabelli Financial Services Opportunities ETF) are both exchange-traded funds - USCI is a Commodities fund tracking the SummerHaven Dynamic Commodity (TR), while GABF is a Financials Equities fund actively managed by Gabelli. USCI is passively managed, while GABF is actively managed. Over the past 3 years, USCI returned 21.04%/yr vs 20.81%/yr for GABF. At a 0.14 correlation, their price movements are largely independent. USCI charges 1.03%/yr vs 0.10%/yr for GABF.
Performance
USCI vs. GABF - Performance Comparison
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Returns By Period
In the year-to-date period, USCI achieves a 22.58% return, which is significantly higher than GABF's -3.61% return.
USCI
- 1D
- -0.94%
- 1M
- -6.82%
- YTD
- 22.58%
- 6M
- 20.76%
- 1Y
- 29.04%
- 3Y*
- 21.04%
- 5Y*
- 18.23%
- 10Y*
- 8.19%
GABF
- 1D
- 0.99%
- 1M
- 2.96%
- YTD
- -3.61%
- 6M
- -4.39%
- 1Y
- -0.71%
- 3Y*
- 20.81%
- 5Y*
- —
- 10Y*
- —
USCI vs. GABF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
USCI United States Commodity Index Fund | 22.58% | 17.63% | 17.24% | -0.00% | -0.88% |
GABF Gabelli Financial Services Opportunities ETF | -3.61% | 3.60% | 44.38% | 38.92% | -0.04% |
Correlation
The correlation between USCI and GABF is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since May 10, 2022 | 0.14 |
The correlation between USCI and GABF shifts across timeframes, from -0.10 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
USCI vs. GABF — Risk / Return Rank
USCI
GABF
USCI vs. GABF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Commodity Index Fund (USCI) and Gabelli Financial Services Opportunities ETF (GABF). 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 | GABF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.78 | ||
| Sortino ratioReturn per unit of downside risk | +2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.01 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.34 | -0.04 | +3.38 |
| Martin ratioReturn relative to average drawdown | 10.82 | -0.10 | +10.92 |
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Drawdowns
USCI vs. GABF - Drawdown Comparison
The maximum USCI drawdown since its inception was -66.41%, which is greater than GABF's maximum drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for USCI and GABF.
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Drawdown Indicators
| USCI | GABF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.41% | -20.86% | -45.55% |
Max Drawdown (1Y)Largest decline over 1 year | -8.73% | -17.16% | +8.43% |
Max Drawdown (3Y)Largest decline over 3 years | -12.01% | -20.86% | +8.85% |
Max Drawdown (5Y)Largest decline over 5 years | -18.84% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.82% | — | — |
Current DrawdownCurrent decline from peak | -7.36% | -8.35% | +0.99% |
Average DrawdownAverage peak-to-trough decline | -29.46% | -4.88% | -24.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 7.44% | -4.75% |
Volatility
USCI vs. GABF - Volatility Comparison
The current volatility for United States Commodity Index Fund (USCI) is 3.42%, while Gabelli Financial Services Opportunities ETF (GABF) has a volatility of 4.81%. This indicates that USCI experiences smaller price fluctuations and is considered to be less risky than GABF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USCI | GABF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.42% | 4.81% | -1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 14.11% | 13.27% | +0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.78% | 17.57% | -0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.45% | 20.52% | -2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 20.52% | -4.67% |
USCI vs. GABF - Expense Ratio Comparison
USCI has a 1.03% expense ratio, which is higher than GABF's 0.10% expense ratio.
Dividends
USCI vs. GABF - Dividend Comparison
USCI has not paid dividends to shareholders, while GABF's dividend yield for the trailing twelve months is around 2.04%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GABF Gabelli Financial Services Opportunities ETF | 2.04% | 1.96% | 4.19% | 4.95% | 1.31% |
USCI United States Commodity Index Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
USCI and GABF have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GABF has higher volatility (4.81%) compared to USCI (3.42%). In terms of maximum drawdown, USCI dropped -66.41% vs GABF's -20.86%.
On 3-year performance, USCI leads with 21.04% vs 20.81% for GABF. On fees, GABF is cheaper at 0.10% per year. On volatility, USCI has been the lower-risk option at 3.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, USCI has performed better with a 21.04% return vs 20.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GABF is cheaper with a 0.10% expense ratio, compared with 1.03% for USCI.
GABF has the higher dividend yield at 2.04%, compared with 0.00% for USCI.
USCI is categorized as Commodities, while GABF is Financials Equities. They also come from different issuers: Concierge Technologies and Gabelli. Their fees differ too: 1.03% for USCI and 0.10% for GABF.
USCI currently has the higher Sharpe Ratio (1.74 vs -0.04), 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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