USCF Energy Commodity Strategy Absolute Return Fund
$37.41+0.34 (+0.91%)
- 0.79%
- $3M
- +41.7%
- 1.89%
- 0M sh
- $37.22
- low $21.56high $37.72
The ETF.net USE Grade
C
Score 42 out of 100
- 11 of 15
Score 42 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.
Cost
The fund’s net expense ratio, ranked against its category.C54 out of 100Rank 7 of 15Mission
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.D28 out of 100Rank 14 of 15Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C41 out of 100Rank 8 of 15Holdings
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.D27 out of 100Rank 14 of 15
Our read on USE
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.
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 Holdings
- Other
- 6
- 100%
- Bny Cash Reserve
USE Performance
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$14,172
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 | USE |
|---|---|
| Year to date | +61.9% |
| 1 month | +1.4% |
| 3 months | +37.2% |
| 1 year | +41.7% |
| 3 years | +14.9% |
| 5 years | — |
| 10 years | — |
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 | USE |
|---|---|---|
| 2026 YTD | +61.9% | |
| 2025 | −15.0% | |
| 2024 | +22.4% | |
| 2023 | +10.0% |
USE in the news
USE Dividends
- 1.89%
- $0.70
- $0.70 per share
- Annual
Distribution history
USE Risk
- 34.2%
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.
- 0.36
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.
- −28.2%
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.
- 1.37
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
USE Cost
0.79%
USE0.79%
- The middle half of Commodity Futures funds
- Median 0.79%
6 of the 14 Commodity Futures funds charge less.
Other funds in Commodity Futures
- CACOMHarbor Active Commodity ETFExpense ratio 0.93%1 year return —
- CCMDTPIMCO Commodity Strategy Active Exchange-Traded FundExpense ratio 0.98%1 year return +34.1%
- CZSCUSCF ETF Trust - USCF Sustainable Commodity Strategy FundExpense ratio 0.79%1 year return +17.1%
- DKCCAKraneShares California Carbon Allowance Strategy ETFExpense ratio 0.95%1 year return −3.3%
- FCCOMSimplify Chinese Commodities Strategy No K-1 ETFExpense ratio 0.99%1 year return —