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SDMF vs USCI

Simplify DBi CTA Managed Futures Index ETF

SDMFBNYSE Arca

United States Commodity Index Fund

USCIDNYSE Arca

Overlap

Expense ratio

SDMF −0.84pt a year

SDMF0.21%USCI1.05%

Avg volume · 30D

SDMF 1.9×the volume

SDMF25.4KUSCI13.2K

SDMF vs USCI Performance

Jul 31, 2026 – Oct 30, 2026

+4.8%SDMF+7.8%USCI

Jul 31, 2026 to Oct 30, 2026. SDMF +4.8%. USCI +7.8%. Use the arrow keys to read each point.−2.5%0%2.5%10%Jul 2026Sep 2026Oct 2026
Expense ratio
SDMF 0.21%, better
USCI 1.05%
Fund size
SDMF $49M
USCI $421M
1Y total return
SDMF No data
USCI +39.5%
Holdings
SDMF 27
USCI 30
Avg volume (30D)
SDMF 25.4K sh, better
USCI 13.2K sh
NAV per share
SDMF $27.08
USCI $109.28
52W range

ETF.net Grade

SDMF: Cost 100, Risk 72, Mission not scored, Tradability 37, Holdings 25, Durability 30. USCI: Cost 0, Risk 74, Mission not scored, Tradability 49, Holdings not scored, Durability 56.
Pillar letters and Scores for SDMF, USCI, with each pillar’s weight
PillarSDMFUSCI
Cost30% weightA100HigherF0
Mission25% weightNot scoredNot scored
Risk15% weightA72A74Higher
Tradability15% weightD37C49Higher
Holdings10% weightD25Not scored
Durability5% weightD30B56Higher

Rank among Broad Commodity Futures funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. SDMF and USCI are both graded against the same 21 Broad Commodity Futures funds, so their Grades compare head to head.

Broad Commodity Futures⁠

Category · 21 funds
See all 21 ›

SDMF ranks 4th and USCI 19th of 21 funds in the Broad Commodity Futures Category.

  1. Rank 1ACERYState Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETFScore 77
  2. Rank 2ACMDYiShares Bloomberg Roll Select Commodity Strategy ETFScore 69
  3. Rank 3ACOMBGraniteShares Bloomberg Commodity Broad Strategy No K-1 ETFScore 68
  4. Rank 4BSDMFSimplify DBi CTA Managed Futures Index ETFScore 67
  5. Rank 5BBCDabrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETFScore 63
  6. Rank 18DFAARFirst Trust Alternative Absolute Return Strategy ETFScore 39
  7. Rank 19DUSCIUnited States Commodity Index FundScore 32
  8. Rank 20DDBPInvesco DB Precious Metals FundScore 30

Our read on each fund

ETF.net Research

SDMFBSimplify DBi CTA Managed Futures Index ETF

USCIDUnited States Commodity Index Fund

In short

SDMF Managed futures without the hedge fund bill. SDMF tracks an index built to replicate what CTA trend funds are actually doing, using a short list of liquid futures markets, for 0.35% a year.

USCI A 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

SDMF The Fund seeks long-term capital appreciation.

USCI 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

  • SDMF Charges 0.35%, roughly half the typical fee among futures-strategy funds in its group. Cheap shelf space for a strategy that usually arrives with hedge fund pricing.
  • Rules over hunches: it follows the DBi CTA Managed Futures Index and its advertised 10-factor replication approach, not a trader's discretion.simplify.us
  • Its cohort is mostly long-only commodity baskets (BCI, CMDY). This one is a managed futures strategy, which can lean either direction across futures markets.
  • Ordinary 1940 Act ETF plumbing: daily pricing, intraday trading, no lockup or subscription paperwork.
  • USCI 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

  • SDMF Launched in 2026, so there is no long record here and the risk picture rests on limited history.
  • A small fund that has traded lightly since launch, so spreads can run wider than the big commodity index names in its category.
  • The stated goal is long-term capital appreciation, and payouts come once or twice a year at most. Not built as an income stream.
  • USCI 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.

Full SDMF profile⁠

Full USCI profile⁠

SDMF vs USCI Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

SDMF vs USCI Cost

Overpaying USCI vs SDMF

$15,138

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

  • SDMF 0.21%

    $4,357

  • USCI 1.05%

    $19,495

$10,000
30 years

Cost over time

  • SDMF 0.21%
  • USCI 1.05%
  • 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

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

Expense ratio

  • 0.21%SDMF, cheaper
  • 1.05%USCI
  • Middle half of Broad Commodity Futures funds
  • Median 0.68%

SDMF cheapest of 21 funds

USCI 21st cheapest of 21 funds

SDMF vs USCI Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
SDMF No data
USCI None
Last payment
SDMF $0.10
USCI No data
Ex-dividend
SDMF Sep 25, 2026
USCI No data
Paid on
SDMF Sep 30, 2026
USCI No data
Frequency
SDMF Quarterly
USCI No data

Distribution history

Per share, 2026, same scale for both

SDMFQuarterly · 2 paymentsAll SDMF payments⁠
One bar per payment. 2 payments in 2026 YTD. Jun 25, 2026 $0.10; Sep 25, 2026 $0.10. Use the arrow keys to read each point.$0$0.102026YTD
USCIAll USCI payments⁠

No distribution history available.

SDMF vs USCI Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
SDMF No dataUSCI 12.9%
Return per unit of riskSharpe ratio, 3 years
SDMF No dataUSCI 1.31
Worst fallMax drawdown, 5 years
SDMF No dataUSCI −18.8%
Market sensitivityBeta, 5 years
SDMF 0.27USCI 0.85

SDMF and USCI in the news

All news⁠

Popular comparisons

  • SDMFBvsCERYA

    Simplify DBi CTA Managed Futures Index ETF · State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF

    Expense ratio
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    Category
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  • USCIDvsCERYA

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  • SDMFBvsCMDYA

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    Category
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    Category
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