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ZSC

GradeCNew York Stock Exchange Arca

USCF ETF Trust - USCF Sustainable Commodity Strategy Fund

Commodities · USCF · Inception 2023-08-09

$31.35+0.05 (+0.16%)

As of Sep 23, 2026, 2:45 PM EDT

History starts Aug 9, 2023.
Intraday session: up, 2 prints from 31.30 to 31.35. Range 31.30 to 31.35. Use the arrow keys to read each point.$31.30$31.32$31.3410 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$3M
1Y return
+29.2%
Yield · Last 12 months
1.55%
Holdings
32
Volume · 30D
0M sh
NAV per share
$31.22
52W range
low $24.70high $32.05

The ETF.net ZSC Grade

C

40/ 100

Rank 12 of 15 in Commodity Futures⁠

Confidence Medium

Six-pillar profile for ZSC. Scores out of 100: Cost 54, Risk 70, Mission not scored, Tradability 13, Holdings not scored, Durability 27. Strongest: Risk (70). Weakest: Tradability (13). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned46This cap took−6Published score40 Grade C

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 54
    Category rank8/15 · mid-pack

  • 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 70
    Category rank3/15 · top 20%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 13
    Category rank15/15 · bottom quartile

  • 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.
    DScore 27
    Category rank15/15 · bottom quartile

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

Our read on ZSC

ETF.net Research

CA commodity fund that cleans up after itself. ZSC spreads exposure across agriculture, renewable energy and electrification metals, then buys carbon offsets sized to the estimated emissions of its own holdings.

Stated mandate

ZSC invests in commodity-linked derivatives, primarily through its wholly owned Cayman subsidiary, and may use carbon-credit futures to offset the emissions associated with its commodity derivatives.

Why people hold it

  1. 01Buys carbon offset investments equal to the estimated aggregate emissions of its holdings, a net-zero step written into the strategy rather than bolted on afterward.uscfinvestments.com
  2. 02Three themed sleeves instead of one legacy basket: agriculture, renewable energy, and battery and electrification metals, picked actively rather than copied from an index.uscfinvestments.com
  3. 03At 0.79% a year it sits just under the typical futures-based commodity fund, notable for an actively managed, purpose-built portfolio.
  4. 04A 1940 Act registered fund that holds its commodity derivatives through a wholly owned Cayman subsidiary, running a compact book of roughly 30 positions.

Worth knowing

  1. 01Small and thinly traded next to the cohort's heavyweights like PDBC, so spreads can widen and a big order can push the price around.
  2. 02Carbon credit futures move on their own supply and demand, so part of the ride tracks the carbon market, not just crops and metals.uscfinvestments.com
  3. 03Launched in 2023 with a short record, and on scale and trading it lands in the lower half of the futures-based commodity group.

ZSC Holdings

As of Sep 20, 2026, 6:39 AM
Asset class
Stocks
Holdings
32
Top-10 weight
75%
Largest holding
TREASURY BILL 0 9/22/202633.2%

Sectors

  • Technology42.0%
  • Industrials33.2%
  • Utilities24.8%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—TREASURY BILL 0 9/22/202633.17%2,000,000$2M16
002—BNY CASH RESERVE13.71%826,440$826K13
003—CORN FUTURE Dec265.25%12$317K1
004—Aluminum Futures Dec264.31%3$260K2
005—ECX EMISSION Dec263.30%2$199K2
006—SOYBEAN FUTURE Nov263.24%3$196K2
007—ROUGH RICE (CBOT) Nov263.11%6$188K1
008—Lithium LiOH COME Dec263.02%11$182K2
009—WHEAT FUTURE(CBT) Dec262.96%5$179K4
010—CANOLA FUTR (WCE) Nov262.73%14$164K1
011—MICRO COPPER Dec262.50%9$151K3
012—Cobalt Fastmarket Dec262.50%3$150K2
013—RAPESEED EURO Nov262.09%4$126K1
014—LME ZINC FUTURE Dec261.63%1$98K2
015—Biodiesel D4 RIN CDec261.62%1$98K1

Showing 1–15 of 29 holdings

ZSC Performance

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

ZSC$12,921
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. ZSC $12,921. SPY $11,723. Use the arrow keys to read each point.$9,251$11,281$13,311Sep 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 ZSC. Periods over one year show the average yearly return.
PeriodZSC
Year to date+12.6%
1 month+2.2%
3 months+5.7%
1 year+29.2%
3 years+6.5%per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—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 ZSC
YearReturn barZSC
2026 YTD+12.6%
2025+28.4%
2024−14.4%
2023−10.6%

Since listing, Aug 9, 2023

ZSC in the news

ZSC 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 Sep 22, 2026.
1.55%Last 12 months
Payout per share
$0.49Last 12 months
Last payment
$0.49 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. 3 payments from 2023 to 2026 YTD. Dec 27, 2023 $0.37; Dec 27, 2024 $0.49; Dec 22, 2025 $0.49. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 23, 2025$0.49
Dec 27, 2024Dec 31, 2024$0.49
Dec 27, 2023Dec 29, 2023$0.37

ZSC Risk

How much the fund’s monthly returns vary, scaled to a year.
14.1%
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.
0.07
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.
−26.5%
37 months · trough Apr 2025
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.
0.26
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.

ZSC Cost

Expense ratio0.79%
  • The middle half of Commodity Futures funds
  • Median 0.79%

5 of the 13 Commodity Futures funds charge less.

ZSC costs $79.00 a year on $10,000. The median Commodity Futures fund costs $79.00.