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ETFs

USCF Energy Commodity Strategy Absolute Return Fund

USE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 4, 2023
Expense Ratio
0.79%
Type
Global Commodities & Metals
Fund Owner
United States Commodity Funds
Volume (1m avg. daily)
$2,551
AUM
$3,744,770
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
TREASURY BILL 0 11/30/2023
24.09%
n/a
TREASURY BILL 0 11/14/2023
21.87%
n/a
TREASURY BILL 0 12/21/2023
16.01%
n/a
US DOLLARS
13.78%
n/a
TREASURY BILL 0 10/26/2023
9.28%
n/a
TREASURY BILL 0 12/7/2023
6.02%
n/a
BNY CASH RESERVE
4.92%
n/a
TREASURY BILL 0 10/12/2023
4.04%
n/a
Derivatives offset
-101.09%
Invest with USE

What is USE?

The Fund is an actively managed exchange-traded fund. The Fund seeks long-term total return by using a proprietary methodology to invest in and allocate among energy-related derivative instruments based upon oil, petroleum, and natural gas, as well as other energy-related derivative instruments. Specifically, the Fund anticipates that it will invest in futures contracts including, but not limited to, WTI crude oil, Henry Hub natural gas, NY Harbor ultra-low sulfur diesel (formerly heating oil), RBOB gasoline, Brent crude oil and gasoil.

ETFs related toUSE

ETFs correlated to USE include USO, BNO, OILK

USE
USCF ETF Trust - USCF Energy Commodity Strategy Absolute Return Fund
USO
United States Commodity Funds LLC - United States Oil Fund
BNO
United States Commodity Funds LLC - United States Brent Crude Oil Fund
OILK
ProShares Trust - ProShares K-1 Free Crude Oil Strategy ETF
UCO
ProShares Trust - ProShares Ultra Bloomberg Crude Oil 2x Shares
DBO
Invesco DB Multi-Sector Commodity Trust - Invesco DB Oil Fund
USOI
Credit Suisse AG Nassau Branch - Credit Suisse X-Links Crude Oil Shares Covered Call ETN
GSG
BlackRock Institutional Trust Company N.A. - iShares S&P GSCI Commodity-Indexed Trust
COMT
BlackRock Institutional Trust Company N.A. - iShares GSCI Commodity Dynamic Roll Strategy ETF
PDBC
Invesco Capital Management LLC - Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
DBC
DB Commodity Services LLC - Invesco DB Commodity Index Tracking Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toUSE

#SPIRAL

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Risk Rating

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#ROT

Ride the Oil Trend

Category

Featured, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with USE using Composer

FAQ

USE is a Global Commodities & Metals ETF. The Fund is an actively managed exchange-traded fund. The Fund seeks long-term total return by using a proprietary methodology to invest in and allocate among energy-related derivative instruments based upon oil, petroleum, and natural gas, as well as other energy-related derivative instruments. Specifically, the Fund anticipates that it will invest in futures contracts including, but not limited to, WTI crude oil, Henry Hub natural gas, NY Harbor ultra-low sulfur diesel (formerly heating oil), RBOB gasoline, Brent crude oil and gasoil.

Yes, USE is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, USE is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on USE is 0.086%. This is the percent change in the value of USE over the most recent 1-month period. The 3-month return on USE is 0.2589%. This is the percent change in the value of USE over the most recent 3-month period.

ETFs similar to USE include DBE, RENW, and UGA.

ETFs correlated to USE include USO, BNO, and OILK.

ETFs that are inversely correlated to USE include SCO, NRGD, and OILD.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.