USCF SummerHaven Dynamic Commodity Strategy… (SDCI) Performance
SDCI total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +45.5% since Dec 31, 2025
- 1 year
- +42.3% total return
- 5 years
- +21.4% a year
- Since first price
- +12.6% a year since 2018
SDCI trailing returns vs SPY, QQQ, AGG
| Period | SDCI total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.2% | +1.2% | −1.0% | −5.0% | +0.9% |
| 3 months | +9.0% | +9.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +14.3% | +14.3% | +7.8% | +8.4% | −1.5% |
| YTD | +45.5% | +45.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +42.3% | +37.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +91.1%+24.1%/yr | +71.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +164.1%+21.4%/yr | +56.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionMay 3, 2018 | +173.3%+12.6%/yr | +45.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SDCI vs SPY
From May 3, 2018: SDCI grew to $27,332, SPY to $32,913.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SDCI returns by calendar year
4 of 7 full years positive. Best 2021 (+36.5%), worst 2020 (−10.6%). 2026 is year to date.
SDCI annual returns table
| Year | SDCI | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +45.5% | −11.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +17.6% | −12.0% | +17.7% | +20.8% | +7.2% |
| 2024 | +17.9% | −8.2% | +24.9% | +25.6% | +1.3% |
| 2023 | −0.9% | −9.1% | +26.2% | +54.9% | +5.7% |
| 2022 | +33.2% | −18.5% | −18.2% | −32.6% | −13.0% |
| 2021 | +36.5% | −10.5% | +28.7% | +27.4% | −1.8% |
| 2020 | −10.6% | −33.9% | +18.3% | +48.6% | +7.5% |
| 2019 | −2.4% | −12.3% | +31.2% | +39.0% | +8.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SDCI largest drawdowns
At an all-time high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| May 22, 2018 | −45.8% | Mar 18, 2020 | Oct 15, 2021 | 1.8 years | 3.4 years |
| Jun 9, 2022 | −18.5% | Jul 14, 2022 | Apr 2, 2024 | 35 days | 1.8 years |
| Mar 8, 2022 | −17.8% | Mar 15, 2022 | Jun 3, 2022 | 7 days | 3 months |
| Apr 2, 2025 | −12.0% | Apr 8, 2025 | Jun 13, 2025 | 6 days | 2 months |
| May 12, 2026 | −11.0% | Jun 24, 2026 | Jul 23, 2026 | 43 days | 2 months |
| Oct 20, 2021 | −10.5% | Dec 1, 2021 | Jan 11, 2022 | 42 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SDCI risk statistics
| Statistic | 3 years | 5 years | Since 2018 |
|---|---|---|---|
| Annualized return | +23.3% | +22.5% | +12.1% |
| Volatility (annualized) | 12.8% | 15.3% | 16.5% |
| Sharpe ratio | 1.36 | 1.17 | 0.62 |
| Sortino ratio | 3.15 | 2.32 | 0.99 |
| Best month | +11.6% | +11.6% | +11.6% |
| Worst month | −5.6% | −8.1% | −16.9% |
| Best 12 months | +46.2% | +46.2% | +57.7% |
| Worst 12 months | +6.2% | −12.5% | −33.4% |
| Positive months | 72% | 72% | 63% |
| Beta vs S&P 500 | -0.11 | 0.13 | — |
| Correlation with S&P 500 | -0.11 | 0.13 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SDCI rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 90 | −33.4% | +17.8% | +57.7% | 72% |
| 3-year (a year) | 66 | −2.6% | +16.5% | +30.2% | 92% |
| 5-year (a year) | 42 | +3.9% | +17.9% | +24.1% | 100% |
Every holding period starting at a month-end since 2018. Returns for 3 years and longer are annualized.
SDCI performance overview
USCF SummerHaven Dynamic Commodity Strategy… (SDCI) returned +42.3% over the past year and +21.4% a year over five years, with distributions reinvested. Since its first recorded price in 2018 it has returned +12.6% a year, turning $10,000 into about $27,332. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −45.8%, from May 22, 2018 to Mar 18, 2020, and it took 1.6 years to get back to the old high. SDCI finished 4 of its 7 full calendar years with a gain; the best year was 2021 (+36.5%) and the worst 2020 (−10.6%). Volatility has been 16.5% a year.
Related: SDCI chart, SDCI dividends. See the SDCI overview for the latest quote and fund facts.
SDCI performance FAQ
What is the SDCI return over the past year?
SDCI returned +42.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 37.3%.
What is the average annual return of SDCI?
SDCI has returned +21.4% a year over 5 years, +12.6% a year since May 3, 2018 (total return, distributions reinvested).
How much would $10,000 invested in SDCI be worth?
$10,000 invested in SDCI at its first recorded close on May 3, 2018 would be worth about $27,332 on October 23, 2026 with distributions reinvested.
What was the worst year for SDCI?
The worst calendar year was 2020, with a total return of −10.6%. The best was 2021 at +36.5%.
What is the biggest drawdown of SDCI?
The largest peak-to-trough decline was −45.8% between May 22, 2018 and March 18, 2020. It recovered to the old high on October 15, 2021, 1.6 years after the bottom.
How volatile is SDCI?
Over the past 3 years SDCI had an annualized volatility of 12.8% and a Sharpe ratio of 1.36 (excess return over 1–3 month T-bills per unit of risk).