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CMDT vs USCI: Differences, Returns & Fees

CMDT is an actively managed commodity fund and USCI a commodity futures fund, and over the year USCI returned +43.7% against +33.0%. Net assets: $751m on Jun 30, 2026 for PIMCO Commodity Strategy Active Exchange-Traded Fund, and $419m on Oct 14, 2026 for United States Commodity Index Fund ETV.

CMDT costs 0.40 points a year less; their one-year returns differ by 10.7 points.

CMDT vs USCI: Differences, Returns & Fees
CMDTUSCI
Expense ratio0.65%1.05%
Net assets, CMDT as of Jun 30, 2026 and USCI as of Oct 14, 2026$751m$419m
Total return, 1 year+33.0%+43.7%
What it tracksNo index, actively managedBroad futures
Holdings in commonnot published
+33.0%
CMDT total return, 1 year
+43.7%
USCI total return, 1 year
0.65%
CMDT expense ratio
1.05%
USCI expense ratio
Client brief · page 1 of 2Report BR-6C7DEB9626

CMDT and USCI are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. CMDT follows No index, actively managed and USCI follows Broad futures.
  2. One-year total return. Over 1 year to Oct 14, 2026 CMDT returned +33.0% and USCI +43.7% with distributions reinvested, a gap of 10.7 points.
  3. Cost. CMDT charges 0.65% of assets a year and USCI 1.05%, a gap of 0.40 points.

Data as of Oct 14, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.

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On the same fields

CMDT
PIMCO Commodity Strategy Active Exchange-Traded Fund
USCI
United States Commodity Index Fund ETV
Where it sits Commodity ETF Commodity ETF
Issuer PIMCO USCF
What it is Actively managed Holds broad futures
Total return, 1 year +33.0% +43.7%
Its benchmark over the same days +41.5% (BCI) not published
Gap to its benchmark −8.6 pts vs BCI not available
Expense ratio 0.65% 1.05%
Holdings 259 not read by ETFIQ
Net assets, CMDT as of Jun 30, 2026 and USCI as of Oct 14, 2026 $751m $419m

CMDT and USCI on the fields both publish, as of Oct 14, 2026. Source: ETFIQ.

About CMDT

CMDT is actively managed and tracks no index. Over the year to Oct 14, 2026 it returned +33.0% with distributions reinvested, against +41.5% for its benchmark, the Bloomberg Commodity Index Total Return. The prospectus expense ratio is 0.65% a year.

About USCI

USCI holds broad futures. Over the year to Oct 14, 2026 it returned +43.7% with distributions reinvested. The prospectus expense ratio is 1.05% a year.

Questions people ask

Which returned more over the last year, CMDT or USCI?
In the year to Oct 14, 2026, with distributions reinvested, CMDT returned +33.0% and USCI +43.7%.
Which is cheaper, CMDT or USCI?
CMDT is cheaper, by 0.40 percentage points a year. That is about $40 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
CMDT vs NBCMCMDT vs PITCMDT vs FAARCMDT vs SDCICMDY vs USCICOMT vs USCIDBC vs USCIFAAR vs USCI
CMDT on its own →USCI on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
CMDT filings on SEC EDGAR ↗CMDT prospectus with the expense ratio (SEC) ↗PIMCO website ↗USCI filings on SEC EDGAR ↗USCF website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

Cite this pageCitation, APA and Markdown

ETFIQ, CMDT against USCI, data as of Oct 14, 2026. https://etfiq.com/compare/any/cmdt-vs-usci

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Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.