USCI vs. SDCI
USCI (United States Commodity Index Fund) and SDCI (USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund) are both Commodities funds from USCF tracking the SummerHaven Dynamic Commodity Index Total Return. Both are passively managed. Over the past 5 years, USCI returned 19.95%/yr vs 20.86%/yr for SDCI. Their correlation of 0.94 means they have usually moved in the same direction. USCI charges 1.03%/yr vs 0.60%/yr for SDCI.
Performance
USCI vs. SDCI - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with USCI having a 30.16% return and SDCI slightly higher at 31.41%.
USCI
- 1D
- 0.05%
- 1M
- 9.65%
- 6M
- 19.52%
- YTD
- 30.16%
- 1Y
- 38.23%
- 3Y*
- 19.78%
- 5Y*
- 19.95%
- 10Y*
- 9.20%
- ALL TIME*
- 4.50%
SDCI
- 1D
- 0.63%
- 1M
- 10.03%
- 6M
- 20.73%
- YTD
- 31.41%
- 1Y
- 39.13%
- 3Y*
- 20.52%
- 5Y*
- 20.86%
- 10Y*
- —
- ALL TIME*
- 11.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.69M | $7.12M | $7.50M | |
| $1.01M | $1.13M | $1.88M |
USCI vs. SDCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
USCI United States Commodity Index Fund | 30.16% | 17.63% | 17.24% | 0.00% | 29.47% | 33.07% | -11.47% | -1.68% | -14.18% |
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | 31.41% | 17.60% | 17.91% | -0.88% | 33.23% | 36.52% | -10.61% | -2.36% | -13.91% |
Correlation
The correlation between USCI and SDCI is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (3Y) Balances recent behavior with more history. | 0.98 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (All Time) Calculated using the full available price history since May 3, 2018 | 0.94 |
The correlation between USCI and SDCI has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.
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Return for Risk
USCI vs. SDCI — Risk / Return Rank
USCI
SDCI
USCI vs. SDCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Commodity Index Fund (USCI) and USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI). 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 | SDCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.36 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 3.33 | -0.11 |
| Martin ratioReturn relative to average drawdown | 10.29 | 10.55 | -0.26 |
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Drawdowns
USCI vs. SDCI - Drawdown Comparison
The maximum USCI drawdown since its inception was -66.41%, which is greater than SDCI's maximum drawdown of -45.79%. Use the drawdown chart below to compare losses from any high point for USCI and SDCI.
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Drawdown Indicators
| USCI | SDCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.41% | -45.79% | -20.62% |
Max Drawdown (1Y)Largest decline over 1 year | -11.19% | -11.03% | -0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -12.01% | -11.96% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -18.84% | -18.55% | -0.29% |
Max Drawdown (10Y)Largest decline over 10 years | -45.82% | — | — |
Current DrawdownCurrent decline from peak | -1.85% | -1.53% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -29.27% | -11.47% | -17.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 3.48% | +0.02% |
Volatility
USCI vs. SDCI - Volatility Comparison
United States Commodity Index Fund (USCI) and USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) have volatilities of 5.30% and 5.28%, 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.
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Volatility by Period
| USCI | SDCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.30% | 5.28% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 14.27% | 14.48% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.21% | 17.36% | -0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.42% | 18.44% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.91% | 17.07% | -1.16% |
USCI vs. SDCI - Expense Ratio Comparison
USCI has a 1.03% expense ratio, which is higher than SDCI's 0.60% expense ratio.
Dividends
USCI vs. SDCI - Dividend Comparison
USCI has not paid dividends to shareholders, while SDCI's dividend yield for the trailing twelve months is around 2.80%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | 2.80% | 3.68% | 5.92% | 3.46% | 33.49% | 19.26% | 0.20% | 0.93% | 0.68% |
USCI United States Commodity Index Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, USCI and SDCI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
USCI has higher volatility (5.30%) compared to SDCI (5.28%). In terms of maximum drawdown, USCI dropped -66.41% vs SDCI's -45.79%.
On 5-year performance, SDCI leads with 20.86% vs 19.95% for USCI. On fees, SDCI is cheaper at 0.60% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SDCI has performed better with a 20.86% return vs 19.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SDCI is cheaper with a 0.60% expense ratio, compared with 1.03% for USCI.
SDCI has the higher dividend yield at 2.80%, compared with 0.00% for USCI.
Both ETFs track SummerHaven Dynamic Commodity Index Total Return. Their fees differ too: 1.03% for USCI and 0.60% for SDCI.
SDCI currently has the higher Sharpe Ratio (2.12 vs 2.10), 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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