USCI vs. SBLK
USCI (United States Commodity Index Fund) is Commodities fund tracking the SummerHaven Dynamic Commodity Index Total Return, while SBLK (Star Bulk Carriers Corp.) is a stock. Over the past 10 years, USCI returned 8.41%/yr vs 29.24%/yr for SBLK. At a 0.23 correlation, their price movements are largely independent.
Performance
USCI vs. SBLK - Performance Comparison
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Returns By Period
In the year-to-date period, USCI achieves a 23.68% return, which is significantly lower than SBLK's 41.89% return. Over the past 10 years, USCI has underperformed SBLK with an annualized return of 8.41%, while SBLK has yielded a comparatively higher 29.24% annualized return.
USCI
- 1D
- -0.50%
- 1M
- -0.05%
- 6M
- 22.70%
- YTD
- 23.68%
- 1Y
- 28.10%
- 3Y*
- 20.39%
- 5Y*
- 19.25%
- 10Y*
- 8.41%
SBLK
- 1D
- 1.82%
- 1M
- -1.13%
- 6M
- 38.85%
- YTD
- 41.89%
- 1Y
- 48.44%
- 3Y*
- 23.17%
- 5Y*
- 17.99%
- 10Y*
- 29.24%
USCI vs. SBLK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USCI United States Commodity Index Fund | 23.68% | 17.63% | 17.24% | -0.00% | 29.47% | 33.07% | -11.47% | -1.68% | -11.76% | 6.32% |
SBLK Star Bulk Carriers Corp. | 41.89% | 30.76% | -21.04% | 19.24% | 8.50% | 185.15% | -24.77% | 29.82% | -18.83% | 120.35% |
Correlation
The correlation between USCI and SBLK is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2010 | 0.23 |
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Return for Risk
USCI vs. SBLK — Risk / Return Rank
USCI
SBLK
USCI vs. SBLK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Commodity Index Fund (USCI) and Star Bulk Carriers Corp. (SBLK). 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 | SBLK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.28 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 3.02 | -0.35 |
| Martin ratioReturn relative to average drawdown | 8.50 | 8.05 | +0.45 |
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Drawdowns
USCI vs. SBLK - Drawdown Comparison
The maximum USCI drawdown since its inception was -66.41%, smaller than the maximum SBLK drawdown of -99.76%. Use the drawdown chart below to compare losses from any high point for USCI and SBLK.
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Drawdown Indicators
| USCI | SBLK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.41% | -99.76% | +33.35% |
Max Drawdown (1Y)Largest decline over 1 year | -11.19% | -17.49% | +6.30% |
Max Drawdown (3Y)Largest decline over 3 years | -12.01% | -48.44% | +36.43% |
Max Drawdown (5Y)Largest decline over 5 years | -18.84% | -48.44% | +29.60% |
Max Drawdown (10Y)Largest decline over 10 years | -45.82% | -73.77% | +27.95% |
Current DrawdownCurrent decline from peak | -6.52% | -93.60% | +87.08% |
Average DrawdownAverage peak-to-trough decline | -29.37% | -82.73% | +53.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 6.55% | -3.04% |
Volatility
USCI vs. SBLK - Volatility Comparison
The current volatility for United States Commodity Index Fund (USCI) is 4.94%, while Star Bulk Carriers Corp. (SBLK) has a volatility of 10.44%. This indicates that USCI experiences smaller price fluctuations and is considered to be less risky than SBLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USCI | SBLK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 10.44% | -5.50% |
Volatility (6M)Calculated over the trailing 6-month period | 14.42% | 23.70% | -9.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.91% | 30.33% | -13.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.40% | 42.70% | -24.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.88% | 52.07% | -36.19% |
Dividends
USCI vs. SBLK - Dividend Comparison
USCI has not paid dividends to shareholders, while SBLK's dividend yield for the trailing twelve months is around 3.91%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
SBLK Star Bulk Carriers Corp. | 3.91% | 1.56% | 16.72% | 7.38% | 33.80% | 9.93% | 0.57% | 0.42% |
USCI United States Commodity Index Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
USCI and SBLK have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBLK has higher volatility (10.44%) compared to USCI (4.94%). In terms of maximum drawdown, USCI dropped -66.41% vs SBLK's -99.76%.
USCI currently has the higher Sharpe Ratio (1.77 vs 1.75), 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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