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USCI

GradeDNew York Stock Exchange Arca

United States Commodity Index Fund

Commodities · USCF · Inception 2010-03-20 · SEC filings

$110.30+0.70 (+0.64%)

As of Sep 23, 2026, 2:20 PM EDT

Intraday session: up, 56 prints from 109.59 to 110.30. Range 109.69 to 110.53. Use the arrow keys to read each point.$109.60$110.0010 AM12 PM2 PM4 PM
Expense ratio
1.05%
Fund size
$412M
1Y return
+42.4%
Yield · Last 12 months
—
Volume · 30D
0M sh
NAV per share
$109.73
52W range
low $75.87high $111.86

The ETF.net USCI Grade

D

33/ 100

Rank 20 of 23 in Broad Commodity Futures⁠

Confidence Medium

Six-pillar profile for USCI. Scores out of 100: Cost 5, Risk 76, Mission not scored, Tradability 40, Holdings not scored, Durability 55. Strongest: Risk (76). Weakest: Cost (5). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 33 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 5
    Category rank22/23 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 76
    Category rank4/23 · top 17%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 40
    Category rank16/23 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 55
    Category rank12/23 · mid-pack

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on USCI

ETF.net Research

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.

Stated mandate

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

  1. 01Broad by design: the index spreads exposure across a diversified group of commodities instead of riding one barrel of oil or one bar of gold.
  2. 02Rules run it, not hunches. USCI follows a published index, so the rulebook behind the basket is knowable rather than a manager's judgment call.
  3. 03Trading since 2010, it carries a real-world record through a full commodity cycle, not a backtest.

Worth knowing

  1. 011.05% a year is a premium in this aisle: BCI charges 0.26%, CMDY 0.29%. That fee gap is the clearest trade-off here.
  2. 02It is a commodity pool, not a standard fund wrapper, which is why several rivals market themselves as K-1 free. Tax paperwork differs.
  3. 03Trades thinly next to the category's biggest names, which can mean wider spreads. It also runs without a regular distribution schedule.

USCI Holdings

As of Sep 20, 2026, 6:38 AM
Asset class
Other
Holdings
—
Top-10 weight
61%
Largest holding
DREY INST PREF GOV MM INST 654625.3%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—DREY INST PREF GOV MM INST 654625.28%202,500,000$203M7
002—BNY CASH RESERVE4.30%34,455,163$34M13
003—Low Su Gasoil G Dec264.27%253$34M2
004—NY Harb ULSD Fut Dec264.16%173$33M2
005—GASOLINE RBOB FUT Nov264.10%240$33M6
006—WTI CRUDE FUTURE Dec264.06%353$32M4
007—BRENT CRUDE FUTR Jan274.03%336$32M2
008—CATTLE FEEDER FUT Oct263.60%178$29M5
009—LIVE CATTLE FUTR Oct263.58%332$29M2
010—LME PRI ALUM FUTR Jan273.56%347$29M2
011—LME ZINC FUTURE Nov263.54%287$28M3
012—SOYBEAN OIL FUTR Dec263.52%689$28M2
013—COPPER FUTURE Dec263.49%167$28M3
014—SILVER FUTURE Dec263.40%81$27M2
015—LEAN HOGS FUTURE Oct263.37%865$27M2

Showing 1–15 of 31 holdings

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$14,236
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. USCI $14,236. SPY $11,723. Use the arrow keys to read each point.$9,134$12,017$14,900Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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.

Trailing total return for USCI. Periods over one year show the average yearly return.
PeriodUSCI
Year to date+41.2%
1 month+3.3%
3 months+18.2%
1 year+42.4%
3 years+22.4%per year
5 years+22.3%per year
10 years+10.1%per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for USCI
YearReturn barUSCI
2026 YTD+41.2%
2025+17.6%
2024+17.2%
2023+0.0%
2022+29.5%
2021+33.1%
2020−11.5%

USCI in the news

ETF.net Research hasn’t filed on USCI yet — coverage lands here as it’s written.

USCI Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

USCI Risk

How much the fund’s monthly returns vary, scaled to a year.
12.9%
Annualised · 36 months to Aug 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
1.25
vs 3-month T-bills · to Aug 2026
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.

The largest fall from a peak to the low that followed.
−18.8%
Trough Sep 2022
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.

How strongly the fund’s returns move with its asset-class index.
0.85
vs its asset-class index
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

Expense ratio1.05%
  • The middle half of Broad Commodity Futures funds
  • Median 0.72%

19 of the 21 Broad Commodity Futures funds charge less.

USCI costs $105.00 a year on $10,000. The median Broad Commodity Futures fund costs $72.00.