Performance analysis of USE (USCF ENERGY COMMODITY STRATEGY ABSOLUTE RETURN FUND)
Annual Return
Over the past 3 years, USE has had an average annual return of +12.82%, underperforming the benchmark SPY, which returned +19.62% annual.
Since May 4, 2023, USE has had an average annual return of +16.06%, underperforming the benchmark SPY, which returned +22.57% annual.
| 2026 | 2025 | 2024 | 2023 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| +40.96% | -14.98% | +22.45% | +10.03% |
Monthly Return
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annually Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.17% | +2.68% | +34.38% | +11.90% | -7.73% | -17.55% | +22.67% | +40.96% | |||||
| 2025 | +4.52% | -6.11% | +5.90% | -13.53% | -3.24% | +12.23% | +9.40% | -1.86% | -0.89% | -12.79% | -5.86% | -0.29% | -14.98% |
| 2024 | +6.23% | +5.45% | +7.46% | +0.49% | -3.81% | +9.08% | +1.81% | -3.00% | -4.68% | +1.90% | -4.43% | +5.22% | +22.45% |
| 2023 | -0.64% | +3.92% | +14.95% | +0.74% | +6.24% | -4.82% | +2.22% | -10.97% | +10.03% |
Drawdown analysis of USE (USCF ENERGY COMMODITY STRATEGY ABSOLUTE RETURN FUND)
The maximum drawdown for the USE was -28.17%, occurring on Jul 1, 2026. This drawdown has not yet recovered.
The current USE drawdown is -9.41%.
Since May 4, 2023 USE has experienced the following drawdowns:
- 20% or more: 2 times
- 10% or more: 4 times
| Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -28.17% | May 19, 2026 | 29 | Jul 1, 2026 | Ongoing | Ongoing | Ongoing |
| -26.27% | Oct 7, 2024 | 330 | Feb 2, 2026 | 27 | Mar 12, 2026 | 357 |
| -18.85% | Oct 19, 2023 | 54 | Jan 8, 2024 | 49 | Mar 19, 2024 | 103 |
| -12.99% | Jul 5, 2024 | 46 | Sep 10, 2024 | 19 | Oct 7, 2024 | 65 |
| -9.89% | Apr 15, 2024 | 35 | Jun 4, 2024 | 11 | Jun 20, 2024 | 46 |
| -8.26% | May 24, 2023 | 22 | Jun 27, 2023 | 7 | Jul 7, 2023 | 29 |
| -8.00% | Mar 30, 2026 | 13 | Apr 17, 2026 | 4 | Apr 23, 2026 | 17 |
| -7.91% | Sep 27, 2023 | 6 | Oct 5, 2023 | 10 | Oct 19, 2023 | 16 |
| -7.63% | Apr 29, 2026 | 7 | May 8, 2026 | 7 | May 19, 2026 | 14 |
| -6.02% | Mar 20, 2026 | 1 | Mar 23, 2026 | 5 | Mar 30, 2026 | 6 |
| -3.58% | Aug 4, 2023 | 8 | Aug 16, 2023 | 11 | Aug 31, 2023 | 19 |
| -3.26% | May 9, 2023 | 3 | May 12, 2023 | 3 | May 17, 2023 | 6 |
| -3.18% | Jul 13, 2023 | 2 | Jul 17, 2023 | 5 | Jul 24, 2023 | 7 |
| -2.15% | Mar 13, 2026 | 1 | Mar 16, 2026 | 1 | Mar 17, 2026 | 2 |
| -1.90% | Mar 18, 2026 | 1 | Mar 19, 2026 | 1 | Mar 20, 2026 | 2 |
| -1.60% | Sep 19, 2023 | 1 | Sep 20, 2023 | 5 | Sep 27, 2023 | 6 |
| -1.37% | Mar 19, 2024 | 3 | Mar 22, 2024 | 3 | Mar 27, 2024 | 6 |
| -1.36% | Jul 7, 2023 | 1 | Jul 10, 2023 | 1 | Jul 11, 2023 | 2 |
| -1.25% | Apr 4, 2024 | 3 | Apr 9, 2024 | 2 | Apr 11, 2024 | 5 |
| -1.04% | Apr 23, 2026 | 1 | Apr 24, 2026 | 2 | Apr 28, 2026 | 3 |
| -0.90% | Jun 20, 2024 | 3 | Jun 25, 2024 | 2 | Jun 27, 2024 | 5 |
| -0.87% | Aug 1, 2023 | 1 | Aug 2, 2023 | 1 | Aug 3, 2023 | 2 |
| -0.62% | May 17, 2023 | 3 | May 22, 2023 | 1 | May 23, 2023 | 4 |
| -0.50% | Sep 6, 2023 | 1 | Sep 7, 2023 | 2 | Sep 11, 2023 | 3 |
| -0.36% | Jul 1, 2024 | 1 | Jul 2, 2024 | 2 | Jul 5, 2024 | 3 |