USCI vs. USO
Compare and contrast key facts about United States Commodity Index Fund (USCI) and United States Oil Fund LP (USO).
USCI and USO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USCI is a passively managed fund by Concierge Technologies that tracks the performance of the SummerHaven Dynamic Commodity (TR). It was launched on Aug 10, 2010. USO is a passively managed fund by Concierge Technologies that tracks the performance of the Front Month Light Sweet Crude Oil. It was launched on Apr 10, 2006. Both USCI and USO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
USCI vs. USO - Performance Comparison
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USCI vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USCI United States Commodity Index Fund | 22.82% | 17.63% | 17.24% | -0.00% | 29.47% | 33.07% | -11.47% | -1.68% | -11.76% | 6.32% |
USO United States Oil Fund LP | 83.99% | -8.46% | 13.35% | -4.94% | 28.97% | 64.68% | -67.79% | 32.61% | -19.57% | 2.47% |
Returns By Period
In the year-to-date period, USCI achieves a 22.82% return, which is significantly lower than USO's 83.99% return. Over the past 10 years, USCI has outperformed USO with an annualized return of 9.00%, while USO has yielded a comparatively lower 5.48% annualized return.
USCI
- 1D
- -0.70%
- 1M
- 11.64%
- YTD
- 22.82%
- 6M
- 22.37%
- 1Y
- 32.16%
- 3Y*
- 20.66%
- 5Y*
- 21.59%
- 10Y*
- 9.00%
USO
- 1D
- -1.99%
- 1M
- 55.28%
- YTD
- 83.99%
- 6M
- 72.54%
- 1Y
- 64.55%
- 3Y*
- 24.19%
- 5Y*
- 24.91%
- 10Y*
- 5.48%
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USCI vs. USO - Expense Ratio Comparison
USCI has a 1.03% expense ratio, which is higher than USO's 0.79% expense ratio.
Return for Risk
USCI vs. USO — Risk / Return Rank
USCI
USO
USCI vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Commodity Index Fund (USCI) and United States Oil Fund LP (USO). 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.
| USCI | USO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.76 | 1.65 | +0.11 |
Sortino ratioReturn per unit of downside risk | 2.28 | 2.32 | -0.04 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.30 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.76 | 3.44 | -0.68 |
Martin ratioReturn relative to average drawdown | 9.39 | 5.96 | +3.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| USCI | USO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 1.65 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.18 | 0.73 | +0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.14 | +0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | -0.19 | +0.48 |
Correlation
The correlation between USCI and USO is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
USCI vs. USO - Dividend Comparison
Neither USCI nor USO has paid dividends to shareholders.
Drawdowns
USCI vs. USO - Drawdown Comparison
The maximum USCI drawdown since its inception was -66.41%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for USCI and USO.
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Drawdown Indicators
| USCI | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.41% | -98.19% | +31.78% |
Max Drawdown (1Y)Largest decline over 1 year | -12.01% | -20.39% | +8.38% |
Max Drawdown (5Y)Largest decline over 5 years | -18.84% | -36.23% | +17.39% |
Max Drawdown (10Y)Largest decline over 10 years | -45.82% | -86.75% | +40.93% |
Current DrawdownCurrent decline from peak | -0.70% | -86.46% | +85.76% |
Average DrawdownAverage peak-to-trough decline | -29.82% | -75.21% | +45.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 11.77% | -8.24% |
Volatility
USCI vs. USO - Volatility Comparison
The current volatility for United States Commodity Index Fund (USCI) is 6.98%, while United States Oil Fund LP (USO) has a volatility of 21.87%. This indicates that USCI experiences smaller price fluctuations and is considered to be less risky than USO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USCI | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.98% | 21.87% | -14.89% |
Volatility (6M)Calculated over the trailing 6-month period | 13.85% | 29.71% | -15.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.38% | 39.38% | -21.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.42% | 34.41% | -15.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.78% | 38.33% | -22.55% |