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Launched · SEC filings

United States Commodity Index Fund

USCINYSE ArcaUSCFD

$106.62−2.31 (−2.12%)

At close: Nov 2, 2026, 4:00 PM ET

D32/ 100

Rank 20 of 23 in Broad Commodity Futures

D32/100Rank 20 of 23inBroad Commodity Futures
Intraday session: down, 79 prints from 108.93 to 106.62. Range 106.62 to 107.70. Use the arrow keys to read each point.107.00107.50108.00108.5010 AM12 PM2 PM4 PM
Expense ratio
1.05%
Fund size
$421M
1Y total return
+39.5%
Yield · Last 12 months
No data
Holdings
30
Avg volume · 30D
13.2K sh
52W range
low $76.24high $112.26
Launched
Filings
SEC EDGAR

The ETF.net USCI Grade

Based on 4 of 6 pillars

D

Score 32 out of 100

Category
Broad Commodity Futures⁠
Rank
20 of 23
Six-pillar profile for USCI. Scores out of 100: Cost 0, Risk 74, Mission not scored, Tradability 49, Holdings not scored, Durability 56. Strongest: Risk (74). Weakest: Cost (0). Based on 4 of 6 pillars.

Score 32 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.
    F0 out of 100
    Rank 23 of 23

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A74 out of 100
    Rank 1 of 23

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C49 out of 100
    Rank 12 of 23

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B56 out of 100
    Rank 12 of 23

Our read on USCI

ETF.net Research

In short

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

  • 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

Asset class
Other
Holdings
30
Top-10 weight
59%
Largest holding
Drey Inst Pref Gov Mm Inst 654624.7%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataDrey Inst Pref Gov Mm Inst 654624.73%208,500,000$209M7
2No dataBny Cash Reserve4.24%35,732,127$35.7M11
3No dataBRENT CRUDE FUTR Feb273.78%291$31.9M2
4No dataWTI CRUDE FUTURE May273.74%339$31.5M3
5No dataGASOLINE RBOB FUT Jan273.73%242$31.5M4
6No dataNY Harb ULSD Fut Apr273.68%174$31M2
7No dataSUGAR #11 (WORLD) May273.68%1,468$31M5
8No dataLow Su Gasoil G Dec263.67%219$30.9M2
9No dataLME ZINC FUTURE Dec263.64%318$30.7M2
10No dataLME PRI ALUM FUTR Jan273.62%396$30.5M2
11No dataCOFFEE 'C' FUTURE Mar273.58%291$30.2M7
12No dataSOYBEAN MEAL FUTR Jan273.54%918$29.9M2
13No dataCOPPER FUTURE Mar273.54%181$29.8M2
14No dataCATTLE FEEDER FUT Jan273.48%177$29.4M2
15No dataLme Tin Future DEC263.45%119$29.1M3

Showing 1–15 of 30 holdings

USCI Performance

Launched Mar 20, 2010

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

USCI$13,948
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. USCI $13,948. SPY $11,199. Use the arrow keys to read each point.$10,000$12,000$14,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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+40.4%
1 month−0.4%
3 months+7.8%
1 year+39.5%
3 yearsper year+22.6%
5 yearsper year+20.1%
10 yearsper year+10.0%

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+40.4%
2025+17.6%
2024+17.2%
20230.0%
2022+29.5%
2021+33.1%
2020−11.5%

USCI in the news

USCI Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

USCI Risk

Risk pillarA74 out of 100Rank 1 of 23 in Broad Commodity Futures
How much the fund’s monthly returns vary, scaled to a year.
12.9%
Annualised · 36 months to Oct 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.
1.31
vs 3-month T-bills · to Oct 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.

FMP measures it over up to five years of monthly returns.

USCI Cost

Compare USCI and SDMF

Overpaying vs SDMF, cheapest in Broad Commodity Futures

$15,138

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • USCI 1.05%

    $19,495

  • SDMF 0.21% Cheapest

    $4,357

$10,000
30 years

Cost over time

  • USCI 1.05%
  • SDMF 0.21%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530USCI $19,495SDMF $4,357

Year by year

YearUSCISDMFOverpaying
10$1,847$383$1,464
20$6,927$1,491$5,436
30$19,495$4,357$15,138

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