USCFCommoditiesOil & Gas#3 of 104 by YTD

USCF Energy Commodity Strategy Absolute Return FundUSE

S&P 500 Bucket avg Compare

$36.23+0.9%

+$0.33 · Nov 5 close

Buy

AUM: $3M
Fee: 0.79%
Yield: 1.9%

Bumpy · 1Y: 2.7×S&P
Volume: 1K
NAV: $36.23

What's insideSee holdings →

US DOLLARS 100.0%

52-week range10% below the high

$21.56$40.29

Returns	Today	1W	1M	3M	YTD	1Y	3Y	5Y	Max
Total return	+0.9%	−9.1%	+1.3%	+17.4%	+58.2%	+51.1%	+50.0%	—	+81.3%
Peer average	+1.3%	−3.9%	−5.8%	+1.1%	+33.7%	+29.7%	+14.3%	+38.0%	—
S&P 500 · VOO	+2.3%	+0.1%	−3.3%	−2.1%	+11.3%	+13.6%	+81.6%	+75.4%	—

USE in One Breath

USE Among Oil & Gas ETFs

YTD

#1BNOUSCF+108.1%$733M

#2OILKProShares+74.8%$283M

#3USEUSCF+58.2%$2.7M

#4FCGFirst Trust+21.4%$600M

#5LNGXGlobal X+18.8%$51.0M

#6UNGUSCF−17.8%$574M

#7UNLUSCF−27.2%$14.5M

End-of-day Nov 10, 2026 · 7 Oil & gas ETFs by YTD

$10,000 in USE

$10,000 in USE became

$18,133

In the S&P 500 (VOO)

$18,959

Total return, dividends in · May 4, 2023 – Nov 5, 2026 · S&P 500 uses VOO

USE’s Top Holdings

Today

US DOLLARSUs Dollars100.0%

USCF USE · 32 holdings · top 1 shown · tile size = share of the fund · as of Nov 9, 2026

What USE Holds

Today

All holdings100.0%

US DOLLARS 100.0

USCF USE · share of the fund · as of Nov 9, 2026

Us’ Share of USE

Today

100.0%

$1000 of every $1,000 in USE is Us

Us held by USE

$2.7M

USCF USE · each square = $10 of $1,000 · as of Nov 9, 2026

USE’s Share of Oil & Gas ETFs

Today

0.1%

of the $2.3B in 8 Oil & gas ETFs

USE$2.7M0.1%

BNO$733M32.4%

FCG$600M26.5%

5 others$930M41.0%

Oil & gas ETF AUM · Nov 10, 2026

USE Fee per $100 vs Peers

Today

$0.79a year
per $100

$79 a year on $10,000

LNGX$0.45

FCG$0.59

OILK$0.70

USE$0.79

BNO$1.15

UNG$1.17

Expense ratio · Oil & gas peers · Nov 10, 2026

Inside USE

32 holdings · as of Nov 9, 2026

USE

USCF Energy Commodity Strategy Absolute Return Fund

Today

All holdings100.0%US DOLLARSUS Dollars100.0%

#	Ticker	Company		Weight ▼
1	—	US Dollars		100.00%

See all 1 holdings ↓

USCF USE · current holdings by weight · as of Nov 9, 2026 · each tile is one holding

All USE Holdings

1 holdings · as of Nov 9, 2026

USE

USE’s Holdings

Today

#
1	—US Dollars	100.00%	$10,000.00	2.7M	$2.7M

USCF USE · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 9, 2026

How It Compares

USE

USCF Energy Commodity Strategy Absolute Return Fund’s Peers

YTD


BNO	USCFRead Desk	1.15%	+108.1%	+103.1%	$733M
FCG	First TrustRead Desk	0.59%	+21.4%	+26.4%	$600M
UNG	USCFRead Desk	1.17%	−17.8%	−28.9%	$574M
OILK	ProSharesRead Desk	0.70%	+74.8%	+68.8%	$283M
LNGX	Global XRead Desk	0.45%	+18.8%	+22.0%	$51M
USE	USCFThis fundRead Desk	0.79%	+58.2%	+51.1%	$3M

Oil & gas peers · YTD and past-year returns · as of Nov 10, 2026 · sorted by AUM

Head to Head

Put USE head to head with BNO →

BNO vs USE

YTD

BNOUSCF · Oil & gasUSEUSCF · Oil & gas

Year to date

+108.1%

+58.2%

BNO wins+49.9 pts

Past year

+103.1%

+51.1%

BNO wins+51.9 pts

Fee

1.15%

0.79%

USE winslower fee

Yield

0.0%

1.9%

USE wins+1.9 pts

AUM

$733M

$2.7M

BNO269.9× more

2–2level

USCF BNO and USCF USE · year-to-date · as of Nov 10, 2026 · AUM not scored

USE vs VOO

YTD

USE · USCF Energy Commodity Strategy Absolute Return Fund

+58.2%

VOO · S&P 500

+11.3%

Gap

46.9 pts

USCF USE and Vanguard VOO · YTD total return · as of Nov 10, 2026

USE vs Its Peer Average

YTD

USEAvsBPeer average

1D+0.9%+1.3%

1M+1.3%−5.8%

3M+17.4%+1.1%

YTD+58.2%+33.7%

1Y+51.1%+29.7%

3Y+50.0%+14.3%

5Y[…]+38.0%

5–1USE wins

7 Oil & gas peers · each row scaled to its leader

How Bumpy Is USE?

View

USE

How Bumpy

2.7×the S&P 500’s swings

CalmerBumpierS&P 1×USE

Calm rank among 7 oil & gas funds#5

Other oil & gas funds1.9× to 4.2×

USCF USE · daily swings over the past year vs the S&P 500

USE

Worst Drop

−28.2%from its May 19 high

Still below the high−9.2%

$10,000 at the high is now$9,080

USCF USE · fall from the highest close, past year

USE

On a Bad Day

−1.5×rose, on average, when the S&P 500 fell

USE’s worst day: Monday, Jul 27

USE

−6.1%

S&P 500

0.0%

Up days54 of every 100

S&P 500 up days52 of every 100

USCF USE · average move on days the S&P 500 fell

USE

Return for the Bumps

1Y#3 of 7 oil & gas funds

#1OILKProShares

most for the bumps

#2BNOUSCF

#3USEUSCF

#4FCGFirst Trust

#5LNGXGlobal X

calmest ride

#6UNGUSCF

lost money

#7UNLUSCF

lost money

Ranked by return above cash for each unit of bumpiness (Sharpe ratio) · cash = 3.7%

USE

Cost

Today

$79a year per $10,000

LNGX

$45

FCG

$59

OILK

$70

USE

$79

BNO

$115

UNG

$117

UNL

$165

Expense ratio 0.79%, taken from the fund’s value

USE

Volatility & Beta

36.6%annual volatility

S&P 500 volatility13.6%

Downside volatility24.1%

Beta vs SPY−0.97

Correlation vs SPY−0.36

Beta rank, lowest first, of 7#2

Daily total returns × √252 · past 252 trading days

USE

Max Drawdown

−28.2%peak to trough

Peak closeMay 19, 2026

Current drawdown−9.2%

Worst day−6.08% · Jul 27

Closing prices, dividends in

USE

Up / Down Capture

−153%down capture vs SPY

Down days

−153%

Up days

−79%

S&P 500

100%

Up ÷ down capture[…]

Up days53.6% (S&P 52.0%)

Average daily move on SPY up days and down days

USE

Sharpe & Sortino vs Peers

Fund	Sharpe	Sortino	Volatility	Max DD	Beta	Fee / $10k
OILK	1.99	2.92	31.9%	−21.2%	−0.81	$70
BNO	1.97	2.95	49.0%	−34.5%	−1.53	$115
USE	1.29	1.97	36.6%	−28.2%	−0.97	$79
FCG	0.82	1.14	28.8%	−19.7%	−0.42	$59
LNGX	0.72	1.01	26.5%	−17.9%	−0.33	$45
UNG	−0.54	−0.75	57.9%	−46.7%	−0.43	$117
UNL	−1.14	−1.46	34.2%	−42.2%	−0.35	$165

Sharpe = (return − 3.7% cash) ÷ volatility · Sortino uses downside volatility only

USE

Trading

Today

0.00%at its holdings’ value

Close$36.23

NAV$36.23

Fee per $10,000$79 a year

Avg. volume 30D6K shares

Premium / discount history starts once daily NAV is saved

Close vs net asset value, Nov 5

The Details

USE

Fund Facts

Today

2023launched May 4

Tracks[…]

Exchange · CUSIPAMEX · 90290T874

StructureETF

Leverage1x

Cost on $10,000$79 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

USCF USE · fund facts · as of Nov 10, 2026

USE

Payouts by Year

$0.70per share, Dec 2025

Distribution yield1.9%

PaidOnce a year

Latest ex-date · paidDec 22 · Dec 23, 2025

4 payouts added up$12.95 a share

USCF USE · distributions by ex-date · 2023–2025

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

Trading & Liquidity

Net asset value$36.23

Premium / discount[…]

Median spread · 30D[…]

Volume today1K

Average volume · 30D6K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.79%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$79.00

Our risk indicator4/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Dec 22, 2025	Dec 23, 2025	$0.70
Dec 27, 2024	Dec 31, 2024	$10.72
Dec 27, 2023	Dec 29, 2023	$1.06
Aug 28, 2023	Aug 31, 2023	$0.46

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