USE vs. DJCB

Last updated Jun 6, 2026

USE (USCF Energy Commodity Strategy Absolute Return Fund) and DJCB (ETRACS Bloomberg Commodity Index Total Return ETN Series B) are both Commodities funds. USE is actively managed, while DJCB is passively managed. At a 0.24 correlation, their price movements are largely independent. USE charges 0.79%/yr vs 0.50%/yr for DJCB.

Performance

USE vs. DJCB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USCF Energy Commodity Strategy Absolute Return Fund (USE) and ETRACS Bloomberg Commodity Index Total Return ETN Series B (DJCB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

USE

• 1D: -2.97%
• 1M: -1.03%
• YTD: 40.44%
• 6M: 44.80%
• 1Y: 32.58%
• 3Y*: 15.57%
• 5Y*: —
• 10Y*: —

DJCB

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

USE vs. DJCB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
USE USCF Energy Commodity Strategy Absolute Return Fund	40.44%	-14.97%	22.58%	9.98%
DJCB ETRACS Bloomberg Commodity Index Total Return ETN Series B	0.00%	0.00%	3.39%	0.15%

Correlation

The correlation between USE and DJCB is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (All Time) Calculated using the full available price history since May 5, 2023	0.24

Return for Risk

USE vs. DJCB — Risk / Return Rank

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

USE

USE Risk / Return Rank: 28
USE Sharpe Ratio Rank: 31
USE Sortino Ratio Rank: 32
USE Omega Ratio Rank: 30
USE Calmar Ratio Rank: 27
USE Martin Ratio Rank: 21

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. DJCB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USCF Energy Commodity Strategy Absolute Return Fund (USE) and ETRACS Bloomberg Commodity Index Total Return ETN Series B (DJCB). 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.

	USE	DJCB	Difference
Sharpe ratio: Return per unit of total volatility	1.03	—	—
Sortino ratio: Return per unit of downside risk	1.60	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.25	—	—
Martin ratio: Return relative to average drawdown	2.45	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	USE	DJCB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	—	—

Drawdowns

Drawdown Indicators

	USE	DJCB	Difference
Max Drawdown Largest peak-to-trough decline	-26.24%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-26.24%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-26.24%	—	—
Current Drawdown Current decline from peak	-9.74%	—	—
Average Drawdown Average peak-to-trough decline	-7.96%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	13.34%	—	—

Volatility

Volatility by Period

	USE	DJCB	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	26.18%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	31.73%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.12%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.12%	—	—

USE vs. DJCB - Expense Ratio Comparison

USE has a 0.79% expense ratio, which is higher than DJCB's 0.50% expense ratio.

Dividends

USE vs. DJCB - Dividend Comparison

USE's dividend yield for the trailing twelve months is around 2.18%, while DJCB has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
DJCB ETRACS Bloomberg Commodity Index Total Return ETN Series B	0.00%	0.00%	0.00%	0.00%
USE USCF Energy Commodity Strategy Absolute Return Fund	2.18%	3.06%	38.65%	4.83%

Frequently Asked Questions

Can I hold both USE and DJCB in my portfolio?

USE and DJCB have a correlation of 0.24, 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 DJCB?

On fees, DJCB is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, USE or DJCB?

DJCB is cheaper with a 0.50% expense ratio, compared with 0.79% for USE.

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

USE has the higher dividend yield at 2.18%, compared with 0.00% for DJCB.

What is the main difference between USE and DJCB?

They also come from different issuers: USCF and UBS. Their fees differ too: 0.79% for USE and 0.50% for DJCB.