ZSC vs. EVMT

Last updated Jun 4, 2026

ZSC (USCF Sustainable Commodity Strategy Fund) and EVMT (Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF) are both Commodities funds. Both are actively managed. Over the past year, ZSC returned 36.39% vs 41.86% for EVMT. At a 0.38 correlation, their price movements are largely independent. Both charge a 0.59% expense ratio.

Performance

ZSC vs. EVMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USCF Sustainable Commodity Strategy Fund (ZSC) and Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (EVMT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ZSC achieves a 9.47% return, which is significantly lower than EVMT's 13.45% return.

ZSC

• 1D: -0.63%
• 1M: 0.21%
• YTD: 9.47%
• 6M: 15.02%
• 1Y: 36.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EVMT

• 1D: -1.66%
• 1M: 2.45%
• YTD: 13.45%
• 6M: 22.53%
• 1Y: 41.86%
• 3Y*: 4.71%
• 5Y*: —
• 10Y*: —

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

ZSC vs. EVMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ZSC USCF Sustainable Commodity Strategy Fund	9.47%	28.43%	-14.39%	-10.63%
EVMT Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF	13.45%	30.61%	-10.50%	-12.07%

Correlation

The correlation between ZSC and EVMT is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (All Time) Calculated using the full available price history since Aug 10, 2023	0.38

Return for Risk

ZSC vs. EVMT — Risk / Return Rank

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

ZSC

ZSC Risk / Return Rank: 84
ZSC Sharpe Ratio Rank: 87
ZSC Sortino Ratio Rank: 83
ZSC Omega Ratio Rank: 87
ZSC Calmar Ratio Rank: 86
ZSC Martin Ratio Rank: 77

EVMT

EVMT Risk / Return Rank: 85
EVMT Sharpe Ratio Rank: 85
EVMT Sortino Ratio Rank: 84
EVMT Omega Ratio Rank: 84
EVMT Calmar Ratio Rank: 89
EVMT Martin Ratio Rank: 85

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.

ZSC vs. EVMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USCF Sustainable Commodity Strategy Fund (ZSC) and Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (EVMT). 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.

	ZSC	EVMT	Difference
Sharpe ratio: Return per unit of total volatility	2.88	2.79	+0.09
Sortino ratio: Return per unit of downside risk	3.73	3.72	+0.01
Omega ratio: Gain probability vs. loss probability	1.54	1.51	+0.04
Calmar ratio: Return relative to maximum drawdown	4.76	5.28	-0.53
Martin ratio: Return relative to average drawdown	14.69	17.86	-3.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZSC vs. EVMT - Sharpe Ratio Comparison

The current ZSC Sharpe Ratio is 2.88, which is comparable to the EVMT Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of ZSC and EVMT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ZSC	EVMT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.88	2.79	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	-0.26	+0.48

Drawdowns

ZSC vs. EVMT - Drawdown Comparison

The maximum ZSC drawdown since its inception was -26.49%, smaller than the maximum EVMT drawdown of -48.34%. Use the drawdown chart below to compare losses from any high point for ZSC and EVMT.

Drawdown Indicators

	ZSC	EVMT	Difference
Max Drawdown Largest peak-to-trough decline	-26.49%	-48.34%	+21.85%
Max Drawdown (1Y) Largest decline over 1 year	-7.69%	-7.96%	+0.27%
Max Drawdown (3Y) Largest decline over 3 years	—	-29.38%	—
Current Drawdown Current decline from peak	-2.71%	-21.69%	+18.98%
Average Drawdown Average peak-to-trough decline	-14.74%	-34.74%	+20.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.48%	2.35%	+0.13%

Volatility

ZSC vs. EVMT - Volatility Comparison

The current volatility for USCF Sustainable Commodity Strategy Fund (ZSC) is 3.19%, while Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (EVMT) has a volatility of 4.51%. This indicates that ZSC experiences smaller price fluctuations and is considered to be less risky than EVMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZSC	EVMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.19%	4.51%	-1.32%
Volatility (6M) Calculated over the trailing 6-month period	9.09%	13.47%	-4.38%
Volatility (1Y) Calculated over the trailing 1-year period	12.70%	15.09%	-2.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.24%	20.51%	-8.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.24%	20.51%	-8.27%

ZSC vs. EVMT - Expense Ratio Comparison

Both ZSC and EVMT have an expense ratio of 0.59%.

Dividends

ZSC vs. EVMT - Dividend Comparison

ZSC's dividend yield for the trailing twelve months is around 1.60%, less than EVMT's 10.40% yield.

Position	TTM	2025	2024	2023	2022
EVMT Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF	10.40%	11.80%	3.62%	5.49%	0.86%
ZSC USCF Sustainable Commodity Strategy Fund	1.60%	1.75%	2.18%	1.40%	0.00%

Frequently Asked Questions

Can I hold both ZSC and EVMT in my portfolio?

ZSC and EVMT have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ZSC or EVMT?

EVMT has higher volatility (4.51%) compared to ZSC (3.19%). In terms of maximum drawdown, ZSC dropped -26.49% vs EVMT's -48.34%.

Which ETF is better, ZSC or EVMT?

On 1-year performance, EVMT leads with 41.86% vs 36.39% for ZSC. Both ETFs have the same 0.59% expense ratio. On volatility, ZSC has been the lower-risk option at 3.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ZSC or EVMT?

Over the 1-year period, EVMT has performed better with a 41.86% return vs 36.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ZSC or EVMT?

ZSC and EVMT have the same expense ratio: 0.59% per year.

Which ETF pays a higher dividend yield, ZSC or EVMT?

EVMT has the higher dividend yield at 10.40%, compared with 1.60% for ZSC.

What is the main difference between ZSC and EVMT?

They also come from different issuers: USCF and Invesco.

Which has better risk-adjusted returns?

ZSC currently has the higher Sharpe Ratio (2.88 vs 2.79), 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.