USCI vs. UMI
USCI (United States Commodity Index Fund) and UMI (USCF Midstream Energy Income Fund ETF) are both exchange-traded funds - USCI is a Commodities fund tracking the SummerHaven Dynamic Commodity Index Total Return, while UMI is a Energy Equities fund actively managed by USCF. USCI is passively managed, while UMI is actively managed. Over the past 5 years, USCI returned 19.79%/yr vs 22.48%/yr for UMI. Their 0.39 correlation means their historical movements had little consistent relationship. USCI charges 1.03%/yr vs 0.85%/yr for UMI.
Performance
USCI vs. UMI - Performance Comparison
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Returns By Period
In the year-to-date period, USCI achieves a 27.88% return, which is significantly higher than UMI's 25.30% return.
USCI
- 1D
- -1.75%
- 1M
- 7.73%
- 6M
- 23.25%
- YTD
- 27.88%
- 1Y
- 35.81%
- 3Y*
- 19.39%
- 5Y*
- 19.79%
- 10Y*
- 8.92%
- ALL TIME*
- 4.38%
UMI
- 1D
- -1.10%
- 1M
- 2.58%
- 6M
- 18.10%
- YTD
- 25.30%
- 1Y
- 26.83%
- 3Y*
- 25.99%
- 5Y*
- 22.48%
- 10Y*
- —
- ALL TIME*
- 14.42%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.15M | $1.04M | $1.15M | |
| $1.26M | $1.23M | $1.84M |
USCI vs. UMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USCI United States Commodity Index Fund | 27.88% | 17.63% | 17.24% | 0.00% | 29.47% | 33.07% | -11.47% | -1.68% | -11.76% | 3.32% |
UMI USCF Midstream Energy Income Fund ETF | 25.30% | 5.11% | 42.97% | 14.60% | 20.78% | 20.97% | -8.25% | 21.06% | -10.64% | 2.76% |
Correlation
The correlation between USCI and UMI is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.32 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.45 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2017 | 0.39 |
The correlation between USCI and UMI shifts across timeframes, from 0.30 (1 year) to 0.45 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
USCI vs. UMI — Risk / Return Rank
USCI
UMI
USCI vs. UMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Commodity Index Fund (USCI) and USCF Midstream Energy Income Fund ETF (UMI). 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 | UMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.32 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 3.60 | -0.38 |
| Martin ratioReturn relative to average drawdown | 10.27 | 9.01 | +1.25 |
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Drawdowns
USCI vs. UMI - Drawdown Comparison
The maximum USCI drawdown since its inception was -66.41%, which is greater than UMI's maximum drawdown of -48.08%. Use the drawdown chart below to compare losses from any high point for USCI and UMI.
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Drawdown Indicators
| USCI | UMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.41% | -48.08% | -18.33% |
Max Drawdown (1Y)Largest decline over 1 year | -11.19% | -7.50% | -3.69% |
Max Drawdown (3Y)Largest decline over 3 years | -12.01% | -17.08% | +5.07% |
Max Drawdown (5Y)Largest decline over 5 years | -18.84% | -20.05% | +1.21% |
Max Drawdown (10Y)Largest decline over 10 years | -45.82% | — | — |
Current DrawdownCurrent decline from peak | -3.57% | -3.08% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -29.26% | -6.53% | -22.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 2.99% | +0.51% |
Volatility
USCI vs. UMI - Volatility Comparison
United States Commodity Index Fund (USCI) has a higher volatility of 5.70% compared to USCF Midstream Energy Income Fund ETF (UMI) at 5.31%. This indicates that USCI's price experiences larger fluctuations and is considered to be riskier than UMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USCI | UMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.70% | 5.31% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 13.93% | 11.73% | +2.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.19% | 14.64% | +2.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.44% | 19.36% | -0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.93% | 23.09% | -7.16% |
USCI vs. UMI - Expense Ratio Comparison
USCI has a 1.03% expense ratio, which is higher than UMI's 0.85% expense ratio.
Dividends
USCI vs. UMI - Dividend Comparison
USCI has not paid dividends to shareholders, while UMI's dividend yield for the trailing twelve months is around 5.86%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
UMI USCF Midstream Energy Income Fund ETF | 5.86% | 6.23% | 4.39% | 4.67% | 4.36% | 3.00% | 2.18% | 2.47% | 2.48% | 0.15% |
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% |
Frequently Asked Questions
USCI and UMI have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USCI has higher volatility (5.70%) compared to UMI (5.31%). In terms of maximum drawdown, USCI dropped -66.41% vs UMI's -48.08%.
On 5-year performance, UMI leads with 22.48% vs 19.79% for USCI. On fees, UMI is cheaper at 0.85% per year. On volatility, UMI has been the lower-risk option at 5.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, UMI has performed better with a 22.48% return vs 19.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UMI is cheaper with a 0.85% expense ratio, compared with 1.03% for USCI.
UMI has the higher dividend yield at 5.86%, compared with 0.00% for USCI.
USCI is categorized as Commodities, while UMI is Energy Equities. Their fees differ too: 1.03% for USCI and 0.85% for UMI.
USCI currently has the higher Sharpe Ratio (2.10 vs 1.84), 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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