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Launched

USCF Energy Commodity Strategy Absolute Return Fund

USENYSE ArcaUSCFC

$37.85−2.05 (−5.14%)

As of Nov 2, 2026, 3:59 PM ET

C40/ 100

Rank 10 of 14 in Commodity Futures

C40/100Rank 10 of 14inCommodity Futures
Intraday session: down, 78 prints from 39.90 to 37.85. Range 37.74 to 38.28. Use the arrow keys to read each point.38.5039.0039.5010 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$3M
1Y total return
+63.6%
Yield · Last 12 months
1.76%
Holdings
6
Avg volume · 30D
4.8K sh
52W range
low $21.56high $40.47
Launched

The ETF.net USE Grade

Based on 4 of 6 pillars

C

Score 40 out of 100

Category
Commodity Futures⁠
Rank
10 of 14
Six-pillar profile for USE. Scores out of 100: Cost 53, Risk 34, Mission not scored, Tradability 34, Holdings not scored, Durability 26. Strongest: Cost (53). Weakest: Durability (26). Based on 4 of 6 pillars.

Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
42
This cap took
−2
Published Score
40 Grade C

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C53 out of 100
    Rank 7 of 14

  • 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.
    D34 out of 100
    Rank 10 of 14

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D34 out of 100
    Rank 9 of 14

  • 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.
    D26 out of 100
    Rank 14 of 14

Our read on USE

ETF.net Research

In short

CMost commodity funds hand you the whole grocery basket. USE shops one aisle: oil, petroleum and natural gas, run through derivatives with an absolute-return mandate instead of a buy-and-hold index.

Stated mandate

The report identifies USE as a Commodity Pool Fund whose strategy is implemented primarily through commodity-linked derivatives, with subsidiary exposure used to support RIC tax requirements.

Why people hold it

  • Single-theme by design. The mandate points at oil, petroleum and natural gas, not the metals-grains-energy grab bag inside diversified peers like PDBC or HARD.
  • Costs 0.79% a year, a shade under the typical commodity-futures fund and below index peers such as DBB at 0.81%.
  • Clean plumbing for a futures strategy: a commodity pool built on commodity-linked derivatives, with a subsidiary sleeve used to support RIC tax treatment.

Worth knowing

  • A small fund that trades thinly. That usually shows up as wider spreads and more attention needed on how orders get placed.
  • Energy futures move sharply in both directions, and an absolute-return label does not mute that. It sits in the lower half of its commodity-futures peer group.
  • Launched in 2023, so the operating history is short, and cash goes out at most once or twice a year rather than on a monthly rhythm.

USE Performance

Launched May 4, 2023

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

Not enough history yet.Not enough history yet.
USE$16,356
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. USE $16,356. SPY $11,199. Use the arrow keys to read each point.$10,000$12,500$15,000Oct 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 USE. Periods over one year show the average yearly return.
PeriodUSE
Year to date+74.2%
1 month+11.3%
3 months+23.1%
1 year+63.6%
3 yearsper year+18.2%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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 USE
YearReturn barUSE
2026 YTD+74.2%
2025−15.0%
2024+22.4%
2023+10.0%

Since listing, May 4, 2023

USE in the news

USE Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
1.76%Last 12 months
Payout per share
$0.70Last 12 months
Last payment
$0.70 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2023–2026

One bar per payment. 4 payments from 2023 to 2026 YTD. Aug 28, 2023 $0.46; Dec 27, 2023 $1.06; Dec 27, 2024 $10.72; Dec 22, 2025 $0.70. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 23, 2025$0.70
Dec 27, 2024Dec 31, 2024$10.72
Dec 27, 2023Dec 29, 2023$1.06
Aug 28, 2023Aug 31, 2023$0.46

$10,000 in USE 3 years ago paid $3,483 in dividends.

USE Risk

Risk pillarD34 out of 100Rank 10 of 14 in Commodity Futures
How much the fund’s monthly returns vary, scaled to a year.
34.5%
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.
0.52
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.
−28.2%
41 months · trough Jul 2026
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.
1.37
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.

USE Cost

Compare USE and USG

Overpaying vs USG, cheapest in Commodity Futures

$6,133

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

  • USE 0.79%

    $15,174

  • USG 0.45% Cheapest

    $9,041

$10,000
30 years

Cost over time

  • USE 0.79%
  • USG 0.45%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530USE $15,174USG $9,041

Year by year

YearUSEUSGOverpaying
10$1,405$812$593
20$5,331$3,128$2,203
30$15,174$9,041$6,133

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