USCI vs. SDCI
USCI (United States Commodity Index Fund) and SDCI (USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund) are both Commodities funds - USCI tracks the SummerHaven Dynamic Commodity (TR) while SDCI tracks the SummerHaven Dynamic Commodity Index Total Return. Both are passively managed. Over the past 5 years, USCI returned 18.39%/yr vs 19.28%/yr for SDCI. Their correlation of 0.94 suggests significant overlap in exposure. USCI charges 1.03%/yr vs 0.60%/yr for SDCI.
Performance
USCI vs. SDCI - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with USCI having a 19.17% return and SDCI slightly higher at 19.77%.
USCI
- 1D
- -0.23%
- 1M
- -7.10%
- YTD
- 19.17%
- 6M
- 17.13%
- 1Y
- 24.71%
- 3Y*
- 19.66%
- 5Y*
- 18.39%
- 10Y*
- 8.18%
SDCI
- 1D
- -0.43%
- 1M
- -7.26%
- YTD
- 19.77%
- 6M
- 17.11%
- 1Y
- 25.06%
- 3Y*
- 20.23%
- 5Y*
- 19.28%
- 10Y*
- —
USCI vs. SDCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
USCI United States Commodity Index Fund | 19.17% | 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 | 19.77% | 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 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year 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.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.26 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 2.54 | -0.04 |
| Martin ratioReturn relative to average drawdown | 8.53 | 8.69 | -0.16 |
Loading charts...
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.
Loading charts...
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 | -9.94% | -9.92% | -0.02% |
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 | -9.94% | -9.92% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -29.43% | -11.55% | -17.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 2.90% | +0.01% |
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 3.15% and 3.14%, 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 charts...
Volatility by Period
| USCI | SDCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 3.14% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 14.03% | 14.30% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.73% | 16.91% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.35% | 18.37% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 17.05% | -1.20% |
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 3.07%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | 3.07% | 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 (3.15%) compared to SDCI (3.14%). In terms of maximum drawdown, USCI dropped -66.41% vs SDCI's -45.79%.
On 5-year performance, SDCI leads with 19.28% vs 18.39% 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 19.28% return vs 18.39%. 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 3.07%, compared with 0.00% for USCI.
USCI tracks SummerHaven Dynamic Commodity (TR), while SDCI tracks SummerHaven Dynamic Commodity Index Total Return. They also come from different issuers: Concierge Technologies and USCF Investments. Their fees differ too: 1.03% for USCI and 0.60% for SDCI.
SDCI currently has the higher Sharpe Ratio (1.51 vs 1.50), 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.
Find the right allocation for USCI and SDCI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer