USCI vs. SVOL
USCI (United States Commodity Index Fund) and SVOL (Simplify Volatility Premium ETF) are both exchange-traded funds - USCI is a Commodities fund tracking the SummerHaven Dynamic Commodity (TR), while SVOL is a Volatility fund actively managed by Simplify. USCI is passively managed, while SVOL is actively managed. Over the past 5 years, USCI returned 18.23%/yr vs 6.22%/yr for SVOL. At a 0.15 correlation, their price movements are largely independent. USCI charges 1.03%/yr vs 0.50%/yr for SVOL.
Performance
USCI vs. SVOL - Performance Comparison
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Returns By Period
In the year-to-date period, USCI achieves a 22.58% return, which is significantly higher than SVOL's -0.84% return.
USCI
- 1D
- -0.94%
- 1M
- -5.98%
- YTD
- 22.58%
- 6M
- 20.76%
- 1Y
- 27.13%
- 3Y*
- 21.04%
- 5Y*
- 18.23%
- 10Y*
- 8.19%
SVOL
- 1D
- 1.14%
- 1M
- 1.70%
- YTD
- -0.84%
- 6M
- 0.96%
- 1Y
- 14.90%
- 3Y*
- 5.92%
- 5Y*
- 6.22%
- 10Y*
- —
USCI vs. SVOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
USCI United States Commodity Index Fund | 22.58% | 17.63% | 17.24% | -0.00% | 29.47% | 6.34% |
SVOL Simplify Volatility Premium ETF | -0.84% | 2.41% | 6.77% | 22.88% | -3.30% | 12.70% |
Correlation
The correlation between USCI and SVOL is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since May 13, 2021 | 0.15 |
The correlation between USCI and SVOL shifts across timeframes, from -0.03 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
USCI vs. SVOL — Risk / Return Rank
USCI
SVOL
USCI vs. SVOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Commodity Index Fund (USCI) and Simplify Volatility Premium ETF (SVOL). 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 | SVOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.11 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.34 | 0.80 | +2.54 |
| Martin ratioReturn relative to average drawdown | 10.82 | 1.90 | +8.92 |
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Drawdowns
USCI vs. SVOL - Drawdown Comparison
The maximum USCI drawdown since its inception was -66.41%, which is greater than SVOL's maximum drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for USCI and SVOL.
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Drawdown Indicators
| USCI | SVOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.41% | -33.50% | -32.91% |
Max Drawdown (1Y)Largest decline over 1 year | -8.73% | -13.01% | +4.28% |
Max Drawdown (3Y)Largest decline over 3 years | -12.01% | -33.50% | +21.49% |
Max Drawdown (5Y)Largest decline over 5 years | -18.84% | -33.50% | +14.66% |
Max Drawdown (10Y)Largest decline over 10 years | -45.82% | — | — |
Current DrawdownCurrent decline from peak | -7.36% | -3.40% | -3.96% |
Average DrawdownAverage peak-to-trough decline | -29.46% | -4.76% | -24.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 5.50% | -2.81% |
Volatility
USCI vs. SVOL - Volatility Comparison
United States Commodity Index Fund (USCI) and Simplify Volatility Premium ETF (SVOL) have volatilities of 3.42% and 3.48%, 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 | SVOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.42% | 3.48% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 14.11% | 9.95% | +4.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.78% | 20.81% | -4.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.45% | 22.01% | -3.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 21.90% | -6.05% |
USCI vs. SVOL - Expense Ratio Comparison
USCI has a 1.03% expense ratio, which is higher than SVOL's 0.50% expense ratio.
Dividends
USCI vs. SVOL - Dividend Comparison
USCI has not paid dividends to shareholders, while SVOL's dividend yield for the trailing twelve months is around 22.19%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
SVOL Simplify Volatility Premium ETF | 22.19% | 19.82% | 16.79% | 16.36% | 18.32% | 4.65% |
USCI United States Commodity Index Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
USCI and SVOL have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SVOL has higher volatility (3.48%) compared to USCI (3.42%). In terms of maximum drawdown, USCI dropped -66.41% vs SVOL's -33.50%.
On 5-year performance, USCI leads with 18.23% vs 6.22% for SVOL. On fees, SVOL is cheaper at 0.50% 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, USCI has performed better with a 18.23% return vs 6.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SVOL is cheaper with a 0.50% expense ratio, compared with 1.03% for USCI.
SVOL has the higher dividend yield at 22.19%, compared with 0.00% for USCI.
USCI is categorized as Commodities, while SVOL is Volatility. They also come from different issuers: Concierge Technologies and Simplify. Their fees differ too: 1.03% for USCI and 0.50% for SVOL.
USCI currently has the higher Sharpe Ratio (1.74 vs 0.50), 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.
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