USCF Midstream Energy Income Fund (UMI) Performance
UMI total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +27.0% since Dec 31, 2025
- 1 year
- +31.9% total return
- 5 years
- +19.5% a year
- Since first price
- +14.3% a year since 2017
UMI trailing returns vs SPY, QQQ, AGG
| Period | UMI total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +2.7% | +2.6% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.8% | −2.6% | +3.2% | +1.9% | −0.4% |
| 6 months | +8.4% | +6.5% | +7.8% | +8.4% | −1.5% |
| YTD | +27.0% | +23.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +31.9% | +23.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +99.0%+25.8%/yr | +70.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +143.8%+19.5%/yr | +89.8% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionNov 30, 2017 | +228.6%+14.3%/yr | +131.9% | — | — | — |
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: UMI vs SPY
From Nov 30, 2017: UMI grew to $32,856, SPY to $32,914.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
UMI returns by calendar year
6 of 8 full years positive. Best 2024 (+43.0%), worst 2018 (−10.6%). 2026 is year to date.
UMI annual returns table
| Year | UMI | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +27.0% | −8.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +5.1% | −17.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +43.0% | −10.3% | +24.9% | +25.6% | +1.3% |
| 2023 | +14.6% | −10.6% | +26.2% | +54.9% | +5.7% |
| 2022 | +21.3% | −20.1% | −18.2% | −32.6% | −13.0% |
| 2021 | +21.4% | −13.8% | +28.7% | +27.4% | −1.8% |
| 2020 | −8.2% | −48.1% | +18.3% | +48.6% | +7.5% |
| 2019 | +21.1% | −8.3% | +31.2% | +39.0% | +8.5% |
| 2018 | −10.6% | −18.8% | −4.6% | −0.1% | +0.1% |
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.
UMI largest drawdowns
Now 2.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 11, 2020 | −48.1% | Mar 23, 2020 | Mar 1, 2021 | 41 days | 1.1 years |
| Jun 7, 2022 | −20.1% | Jun 23, 2022 | Jul 31, 2023 | 16 days | 1.1 years |
| Aug 28, 2018 | −18.8% | Dec 24, 2018 | Nov 6, 2019 | 4 months | 1.2 years |
| Jan 21, 2025 | −17.1% | Apr 8, 2025 | Jan 27, 2026 | 3 months | 1.0 years |
| Oct 20, 2021 | −13.8% | Dec 20, 2021 | Feb 1, 2022 | 2 months | 3 months |
| Jun 16, 2021 | −13.6% | Aug 19, 2021 | Oct 11, 2021 | 2 months | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
UMI risk statistics
| Statistic | 3 years | 5 years | Since 2017 |
|---|---|---|---|
| Annualized return | +23.2% | +19.9% | +13.6% |
| Volatility (annualized) | 15.5% | 18.2% | 20.7% |
| Sharpe ratio | 1.16 | 0.90 | 0.60 |
| Sortino ratio | 2.12 | 1.47 | 0.87 |
| Best month | +14.5% | +14.5% | +15.9% |
| Worst month | −8.3% | −13.1% | −26.4% |
| Best 12 months | +51.3% | +51.3% | +53.4% |
| Worst 12 months | −1.1% | −6.1% | −32.2% |
| Positive months | 72% | 68% | 67% |
| Beta vs S&P 500 | 0.36 | 0.62 | — |
| Correlation with S&P 500 | 0.29 | 0.53 | — |
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.
UMI rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 96 | −32.2% | +18.2% | +53.4% | 79% |
| 3-year (a year) | 72 | −0.8% | +19.0% | +29.2% | 96% |
| 5-year (a year) | 48 | +7.5% | +16.9% | +29.9% | 100% |
Every holding period starting at a month-end since 2017. Returns for 3 years and longer are annualized.
UMI performance overview
USCF Midstream Energy Income Fund (UMI) returned +31.9% over the past year and +19.5% a year over five years, with distributions reinvested. Since its first recorded price in 2017 it has returned +14.3% a year, turning $10,000 into about $32,856. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −48.1%, from Feb 11, 2020 to Mar 23, 2020, and it took 11 months to get back to the old high. UMI finished 6 of its 8 full calendar years with a gain; the best year was 2024 (+43.0%) and the worst 2018 (−10.6%). Volatility has been 20.7% a year.
Related: UMI chart, UMI holdings, UMI dividends, UMI valuation. See the UMI overview for the latest quote and fund facts.
UMI performance FAQ
What is the UMI return over the past year?
UMI returned +31.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 23.5%.
What is the average annual return of UMI?
UMI has returned +19.5% a year over 5 years, +14.3% a year since November 30, 2017 (total return, distributions reinvested).
How much would $10,000 invested in UMI be worth?
$10,000 invested in UMI at its first recorded close on November 30, 2017 would be worth about $32,856 on October 23, 2026 with distributions reinvested.
What was the worst year for UMI?
The worst calendar year was 2018, with a total return of −10.6%. The best was 2024 at +43.0%.
What is the biggest drawdown of UMI?
The largest peak-to-trough decline was −48.1% between February 11, 2020 and March 23, 2020. It recovered to the old high on March 1, 2021, 11 months after the bottom.
How volatile is UMI?
Over the past 3 years UMI had an annualized volatility of 15.5% and a Sharpe ratio of 1.16 (excess return over 1–3 month T-bills per unit of risk).