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USCI vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between USCI and SPY is 0.31, 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.


-0.50.00.51.0
Correlation: 0.3

Performance

USCI vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in United States Commodity Index Fund (USCI) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

0.00%100.00%200.00%300.00%400.00%500.00%600.00%NovemberDecember2025FebruaryMarchApril
41.39%
537.12%
USCI
SPY

Key characteristics

Sharpe Ratio

USCI:

0.79

SPY:

0.54

Sortino Ratio

USCI:

1.13

SPY:

0.89

Omega Ratio

USCI:

1.15

SPY:

1.13

Calmar Ratio

USCI:

0.60

SPY:

0.58

Martin Ratio

USCI:

3.45

SPY:

2.39

Ulcer Index

USCI:

3.41%

SPY:

4.51%

Daily Std Dev

USCI:

14.96%

SPY:

20.07%

Max Drawdown

USCI:

-66.41%

SPY:

-55.19%

Current Drawdown

USCI:

-4.42%

SPY:

-10.54%

Returns By Period

In the year-to-date period, USCI achieves a 7.38% return, which is significantly higher than SPY's -6.44% return. Over the past 10 years, USCI has underperformed SPY with an annualized return of 4.26%, while SPY has yielded a comparatively higher 11.95% annualized return.


USCI

YTD

7.38%

1M

-0.80%

6M

13.65%

1Y

12.34%

5Y*

22.72%

10Y*

4.26%

SPY

YTD

-6.44%

1M

-5.00%

6M

-5.02%

1Y

9.54%

5Y*

15.80%

10Y*

11.95%

*Annualized

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USCI vs. SPY - Expense Ratio Comparison

USCI has a 1.03% expense ratio, which is higher than SPY's 0.09% expense ratio.


Expense ratio chart for USCI: current value is 1.03%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
USCI: 1.03%
Expense ratio chart for SPY: current value is 0.09%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPY: 0.09%

Risk-Adjusted Performance

USCI vs. SPY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

USCI
The Risk-Adjusted Performance Rank of USCI is 7373
Overall Rank
The Sharpe Ratio Rank of USCI is 7474
Sharpe Ratio Rank
The Sortino Ratio Rank of USCI is 7272
Sortino Ratio Rank
The Omega Ratio Rank of USCI is 6969
Omega Ratio Rank
The Calmar Ratio Rank of USCI is 7070
Calmar Ratio Rank
The Martin Ratio Rank of USCI is 7777
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 6565
Overall Rank
The Sharpe Ratio Rank of SPY is 6262
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 6464
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 6565
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 6969
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 6767
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

USCI vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for United States Commodity Index Fund (USCI) and SPDR S&P 500 ETF (SPY). 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.


The chart of Sharpe ratio for USCI, currently valued at 0.79, compared to the broader market-1.000.001.002.003.004.00
USCI: 0.79
SPY: 0.54
The chart of Sortino ratio for USCI, currently valued at 1.13, compared to the broader market-2.000.002.004.006.008.00
USCI: 1.13
SPY: 0.89
The chart of Omega ratio for USCI, currently valued at 1.15, compared to the broader market0.501.001.502.00
USCI: 1.15
SPY: 1.13
The chart of Calmar ratio for USCI, currently valued at 0.60, compared to the broader market0.002.004.006.008.0010.0012.00
USCI: 0.60
SPY: 0.58
The chart of Martin ratio for USCI, currently valued at 3.45, compared to the broader market0.0020.0040.0060.00
USCI: 3.45
SPY: 2.39

The current USCI Sharpe Ratio is 0.79, which is higher than the SPY Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of USCI and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.79
0.54
USCI
SPY

Dividends

USCI vs. SPY - Dividend Comparison

USCI has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.31%.


TTM20242023202220212020201920182017201620152014
USCI
United States Commodity Index Fund
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPY
SPDR S&P 500 ETF
1.31%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

USCI vs. SPY - Drawdown Comparison

The maximum USCI drawdown since its inception was -66.41%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for USCI and SPY. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-4.42%
-10.54%
USCI
SPY

Volatility

USCI vs. SPY - Volatility Comparison

The current volatility for United States Commodity Index Fund (USCI) is 8.68%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.13%. This indicates that USCI experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%NovemberDecember2025FebruaryMarchApril
8.68%
15.13%
USCI
SPY