SDCI vs SPY
USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SDCI delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SDCI | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.09% | |
| AUM | $570M | $789.1B | |
| Dividend Yield | 3.09% | 1.01% | |
| Holdings | 23 | 505 | |
| YTD Return | +32.44% | +14.47% | |
| 1Y Return | +38.35% | +21.96% | |
| 3Y Return (annualized) | +21.83% | +21.70% | |
| 5Y Return (annualized) | +21.29% | +13.30% | |
| Volatility (annualized) | 16.6% | 15.3% | |
| Max Drawdown | -45.8% | -56.5% | |
| Fund Family | USCF Investments | State Street Investment Management | |
| Category | Commodity | Equity | |
| Inception | May 3, 2018 | Jan 22, 1993 |
SDCI vs SPY Performance
USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) is a ETF from USCF Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year SDCI returned +38.35% while SPY returned +21.96%. Year to date, SDCI is up 32.44% versus a gain of 14.47% for SPY.
Over three years, SDCI compounded at +21.83% per year against +21.70% for SPY; over five years the annualized figures are +21.29% and +13.30% respectively. Across the full 8-year window we track, SDCI has the edge at +11.68% annualized vs +8.87%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SDCI has been the more volatile fund, with annualized monthly volatility of 16.6% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -45.8% for SDCI and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.32. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SDCI charges 0.60% per year while SPY charges 0.09%. On a $10,000 position that is $60 vs $9 annually, a gap of $51 per year that compounds over a long holding period. On income, SDCI currently yields 3.09% against 1.01% for SPY.
Holdings Overlap
SDCI and SPY share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SDCI or SPY?
SDCI has an expense ratio of 0.60% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, SDCI or SPY?
Over the past year SDCI returned +38.35% vs +21.96% for SPY, so SDCI leads on 1-year performance. Over the longest common window we track (8 years), SDCI annualized +11.68% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, SDCI or SPY?
SDCI has been the more volatile fund at 16.6% annualized versus 15.3% for SPY. Worst drawdown: SDCI -45.8% vs SPY -56.5%.
Should I hold both SDCI and SPY?
SDCI and SPY have a monthly-return correlation of 0.32, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SDCI and SPY?
SDCI and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, SDCI or SPY?
SDCI yields 3.09% while SPY yields 1.01%, so SDCI currently pays the higher dividend yield.
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