USE vs. CTWO

Last updated Jun 21, 2026

USE (USCF Energy Commodity Strategy Absolute Return Fund) and CTWO (COtwo Advisors Physical European Carbon Allowance Trust) are both Commodities funds. Over the past year, USE returned 1.36% vs -0.26% for CTWO. At a correlation of -0.06, they often move in opposite directions. Both charge a 0.79% expense ratio.

Performance

USE vs. CTWO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USCF Energy Commodity Strategy Absolute Return Fund (USE) and COtwo Advisors Physical European Carbon Allowance Trust (CTWO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USE achieves a 23.13% return, which is significantly higher than CTWO's -13.85% return.

USE

• 1D: 0.67%
• 1M: -17.07%
• YTD: 23.13%
• 6M: 21.74%
• 1Y: 1.36%
• 3Y*: 10.22%
• 5Y*: —
• 10Y*: —

CTWO

• 1D: 0.00%
• 1M: 0.74%
• YTD: -13.85%
• 6M: -12.42%
• 1Y: -0.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

USE vs. CTWO - Yearly Performance Comparison

	2026 (YTD)	2025
USE USCF Energy Commodity Strategy Absolute Return Fund	23.13%	-16.55%
CTWO COtwo Advisors Physical European Carbon Allowance Trust	-13.85%	4.42%

Correlation

The correlation between USE and CTWO is -0.06, 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 (All Time) Calculated using the full available price history since Jun 20, 2025	-0.06

Return for Risk

USE vs. CTWO — Risk / Return Rank

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

USE

USE Risk / Return Rank: 10
USE Sharpe Ratio Rank: 10
USE Sortino Ratio Rank: 10
USE Omega Ratio Rank: 10
USE Calmar Ratio Rank: 10
USE Martin Ratio Rank: 9

CTWO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

USE vs. CTWO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USCF Energy Commodity Strategy Absolute Return Fund (USE) and COtwo Advisors Physical European Carbon Allowance Trust (CTWO). 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.

	USE	CTWO	Difference
Sharpe ratio: Return per unit of total volatility	0.09	—	—
Sortino ratio: Return per unit of downside risk	0.35	—	—
Omega ratio: Gain probability vs. loss probability	1.04	—	—
Calmar ratio: Return relative to maximum drawdown	0.11	—	—
Martin ratio: Return relative to average drawdown	0.20	—	—

Drawdowns

USE vs. CTWO - Drawdown Comparison

The maximum USE drawdown since its inception was -26.24%, smaller than the maximum CTWO drawdown of -30.13%. Use the drawdown chart below to compare losses from any high point for USE and CTWO.

Drawdown Indicators

	USE	CTWO	Difference
Max Drawdown Largest peak-to-trough decline	-26.24%	-30.13%	+3.89%
Max Drawdown (1Y) Largest decline over 1 year	-26.24%	-30.13%	+3.89%
Max Drawdown (3Y) Largest decline over 3 years	-26.24%	—	—
Current Drawdown Current decline from peak	-20.87%	-23.66%	+2.79%
Average Drawdown Average peak-to-trough decline	-8.04%	-12.48%	+4.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.69%	—	—

Volatility

Volatility by Period

	USE	CTWO	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.48%	—	—
Volatility (6M) Calculated over the trailing 6-month period	27.39%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	31.27%	29.37%	+1.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.31%	29.37%	-2.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.31%	29.37%	-2.06%

USE vs. CTWO - Expense Ratio Comparison

Both USE and CTWO have an expense ratio of 0.79%.

Dividends

USE vs. CTWO - Dividend Comparison

USE's dividend yield for the trailing twelve months is around 2.48%, while CTWO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
CTWO COtwo Advisors Physical European Carbon Allowance Trust	0.00%	0.00%	0.00%	0.00%
USE USCF Energy Commodity Strategy Absolute Return Fund	2.48%	3.06%	38.65%	4.83%

Frequently Asked Questions

Can I hold both USE and CTWO in my portfolio?

USE and CTWO have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, USE or CTWO?

On 1-year performance, USE leads with 1.36% vs -0.26% for CTWO. Both ETFs have the same 0.79% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USE or CTWO?

Over the 1-year period, USE has performed better with a 1.36% return vs -0.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USE or CTWO?

USE and CTWO have the same expense ratio: 0.79% per year.

Which ETF pays a higher dividend yield, USE or CTWO?

USE has the higher dividend yield at 2.48%, compared with 0.00% for CTWO.

What is the main difference between USE and CTWO?

They also come from different issuers: USCF and COtwo Advisors.