United States Commodity Index Fund
$111.09+0.21 (+0.19%)
- 1.05%
- $422M
- +45.8%
- 0M sh
- $110.99
- low $76.12high $111.86
The ETF.net USCI Grade
D
Score 33 out of 100
- 19 of 23
Score 33 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F5 out of 100Rank 22 of 23Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A77 out of 100Rank 1 of 23Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C41 out of 100Rank 17 of 23Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B56 out of 100Rank 12 of 23
Our read on USCI
DA 2010-vintage commodity fund that tracks the SummerHaven Dynamic Commodity Index Total Return, a broad basket of futures, through an old-school commodity pool wrapper and a premium price tag.
USCI seeks to track the daily percentage performance of the SummerHaven Dynamic Commodity Index Total Return, before expenses. The index represents a diversified group of commodities.
Why people hold it
- Broad by design: the index spreads exposure across a diversified group of commodities instead of riding one barrel of oil or one bar of gold.
- Rules run it, not hunches. USCI follows a published index, so the rulebook behind the basket is knowable rather than a manager's judgment call.
- Trading since 2010, it carries a real-world record through a full commodity cycle, not a backtest.
Worth knowing
- 1.05% a year is a premium in this aisle: BCI charges 0.26%, CMDY 0.29%. That fee gap is the clearest trade-off here.
- It is a commodity pool, not a standard fund wrapper, which is why several rivals market themselves as K-1 free. Tax paperwork differs.
- Trades thinly next to the category's biggest names, which can mean wider spreads. It also runs without a regular distribution schedule.
USCI Holdings
- Other
- 32
- 59%
- Drey Inst Pref Gov Mm Inst 6546
Geography
- United States100.00%
USCI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
USCI$14,576
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | USCI |
|---|---|
| Year to date | +42.9% |
| 1 month | +0.4% |
| 3 months | +15.5% |
| 1 year | +45.8% |
| 3 years | +24.6% |
| 5 years | +21.1% |
| 10 years | +10.6% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | USCI |
|---|---|---|
| 2026 YTD | +42.9% | |
| 2025 | +17.6% | |
| 2024 | +17.2% | |
| 2023 | 0.0% | |
| 2022 | +29.5% | |
| 2021 | +33.1% | |
| 2020 | −11.5% |
USCI in the news
USCI Dividends
No distributions in the last 12 months.
USCI Risk
- 12.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.31
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −18.8%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.85
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
USCI Cost
1.05%
USCI1.05%
- The middle half of Broad Commodity Futures funds
- Median 0.70%
20 of the 22 Broad Commodity Futures funds charge less.
Other funds in Broad Commodity Futures
- CFAARFirst Trust Alternative Absolute Return Strategy ETFExpense ratio 0.98%1 year return +21.7%
- DDBPInvesco DB Precious Metals FundExpense ratio 0.76%1 year return +6.3%
- DHXCInvestment Managers Series Trust III - Mast Hedgeindex Strategic Commodities ETFExpense ratio 0.69%1 year return —
- DCOMBGraniteShares Bloomberg Commodity Broad Strategy No K-1 ETFExpense ratio 1.15%1 year return +43.0%
- FKRBNKraneShares Global Carbon Strategy ETFExpense ratio 0.91%1 year return +3.8%