USCI vs. GLDM
Compare and contrast key facts about United States Commodity Index Fund (USCI) and SPDR Gold MiniShares Trust (GLDM).
USCI and GLDM 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. GLDM is a passively managed fund by State Street that tracks the performance of the LBMA Gold PM Price. It was launched on Jun 25, 2018. Both USCI and GLDM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USCI or GLDM.
Key characteristics
| USCI | GLDM | |
|---|---|---|
| YTD Return | 11.39% | 27.01% |
| 1Y Return | 8.99% | 35.31% |
| 3Y Return (Ann) | 12.66% | 11.97% |
| 5Y Return (Ann) | 11.77% | 12.25% |
| Sharpe Ratio | 0.67 | 2.31 |
| Sortino Ratio | 1.01 | 3.05 |
| Omega Ratio | 1.12 | 1.40 |
| Calmar Ratio | 0.37 | 5.08 |
| Martin Ratio | 2.47 | 15.25 |
| Ulcer Index | 3.66% | 2.22% |
| Daily Std Dev | 13.48% | 14.62% |
| Max Drawdown | -66.41% | -21.63% |
| Current Drawdown | -14.12% | -5.92% |
Correlation
The correlation between USCI and GLDM is 0.33, 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.
Performance
USCI vs. GLDM - Performance Comparison
In the year-to-date period, USCI achieves a 11.39% return, which is significantly lower than GLDM's 27.01% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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USCI vs. GLDM - Expense Ratio Comparison
USCI has a 1.03% expense ratio, which is higher than GLDM's 0.18% expense ratio.
Risk-Adjusted Performance
USCI vs. GLDM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Commodity Index Fund (USCI) and SPDR Gold MiniShares Trust (GLDM). 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.
Dividends
USCI vs. GLDM - Dividend Comparison
Neither USCI nor GLDM has paid dividends to shareholders.
Drawdowns
USCI vs. GLDM - Drawdown Comparison
The maximum USCI drawdown since its inception was -66.41%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for USCI and GLDM. For additional features, visit the drawdowns tool.
Volatility
USCI vs. GLDM - Volatility Comparison
The current volatility for United States Commodity Index Fund (USCI) is 4.56%, while SPDR Gold MiniShares Trust (GLDM) has a volatility of 5.34%. This indicates that USCI experiences smaller price fluctuations and is considered to be less risky than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.