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HARD vs USE

Simplify Commodities Strategy No K-1 ETF vs USCF Energy Commodity Strategy Absolute Return Fund

HARD

Simplify Commodities Strategy No K-1 ETF

Annual cost

0.78%

Fund size

$114M

USE

USCF Energy Commodity Strategy Absolute Return Fund

Annual cost

0.79%

Fund size

$2M

Key differences

HARD is a commodity ETF, while USE is an alternative ETF. HARD charges 0.78% a year and USE 0.79%.

  • HARD is a commodity fund, while USE is an alternative fund. They carry different risk/return profiles.
  • HARD is much larger than USE. Larger funds are usually more liquid and less likely to close.
  • Over the last three years, USE has delivered higher annualized returns.

Side-by-side comparison

HARDUSE
Annual cost (TER)0.78%0.79%
Fund size (AUM)$114M$2M
Since20232023
Dividend yield3.40%2.21%
Asset classcommodityalternative
Region
Strategymulti strategy
CAGR 1Y+19.8%+34.1%
CAGR 3Y+11.9%+17.5%
CAGR 5YN/AN/A
Sharpe 3Y0.490.60
Volatility 1Y26.58%31.73%
Max drawdown-13.51%-26.24%

Similar to HARD and USE