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Bloomberg Commodity Index (^BCOM)
Performance
Return for Risk
Drawdowns
Volatility

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Bloomberg Commodity Index

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Bloomberg Commodity Index, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

Bloomberg Commodity Index (^BCOM) has returned 23.30% so far this year and 27.11% over the past 12 months. Over the last ten years, ^BCOM has returned 5.67% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.


Bloomberg Commodity Index

1D
0.18%
1M
11.15%
YTD
23.30%
6M
29.26%
1Y
27.11%
3Y*
8.63%
5Y*
10.04%
10Y*
5.67%

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Jan 2, 1991, ^BCOM's average daily return is +0.01%, while the average monthly return is +0.16%. At this rate, your investment would double in approximately 36.1 years.

Historically, 52% of months were positive and 48% were negative. The best month was May 2009 with a return of +13.0%, while the worst month was Oct 2008 at -21.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 11 months.

On a daily basis, ^BCOM closed higher 51% of trading days. The best single day was Sep 6, 2011 with a return of +14.8%, while the worst single day was Sep 5, 2011 at -13.6%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
202610.04%0.81%11.15%23.30%
20253.58%0.45%3.55%-5.14%-0.93%2.03%-0.82%1.58%1.79%2.56%2.90%-0.65%11.07%
2024-0.09%-1.89%2.89%2.20%1.30%-1.94%-4.50%-0.38%4.43%-2.24%0.05%0.63%0.12%
2023-0.89%-5.05%-0.61%-1.13%-6.08%3.59%5.78%-1.22%-1.12%-0.21%-2.69%-3.10%-12.55%
20228.77%6.20%8.61%4.08%1.44%-10.88%4.08%-0.15%-8.35%1.67%2.38%-2.80%13.75%
20212.62%6.47%-2.15%8.29%2.73%1.85%1.83%-0.30%4.97%2.58%-7.31%3.52%27.05%

Benchmark Metrics

Bloomberg Commodity Index has an annualized alpha of 0.49%, beta of 0.17, and R² of 0.04 versus S&P 500 Index. Calculated based on daily prices since January 03, 1991.

  • This index participated in 37.16% of S&P 500 Index downside but only 22.01% of its upside — more exposed to losses than it benefited from rallies.
  • Beta of 0.17 may look defensive, but with R² of 0.04 this index is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this index's risk.
  • R² of 0.04 means this index moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
0.49%
Beta
0.17
0.04
Upside Capture
22.01%
Downside Capture
37.16%

Return for Risk

Risk / Return Rank

^BCOM ranks 91 for risk / return — in the top 91% of indices on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.


^BCOM Risk / Return Rank: 9191
Overall Rank
^BCOM Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
^BCOM Sortino Ratio Rank: 8787
Sortino Ratio Rank
^BCOM Omega Ratio Rank: 8989
Omega Ratio Rank
^BCOM Calmar Ratio Rank: 9898
Calmar Ratio Rank
^BCOM Martin Ratio Rank: 9191
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Bloomberg Commodity Index (^BCOM) and compare them to a chosen benchmark (S&P 500 Index).


^BCOMBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.58

0.90

+0.68

Sortino ratio

Return per unit of downside risk

2.07

1.39

+0.69

Omega ratio

Gain probability vs. loss probability

1.29

1.21

+0.08

Calmar ratio

Return relative to maximum drawdown

4.97

1.40

+3.57

Martin ratio

Return relative to average drawdown

12.42

6.61

+5.81

Explore ^BCOM risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Bloomberg Commodity Index. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Bloomberg Commodity Index was 75.00%, occurring on Mar 18, 2020. The portfolio has not yet recovered.

The current Bloomberg Commodity Index drawdown is 43.16%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-75%Jul 3, 20082952Mar 18, 2020
-42.22%May 19, 1997448Feb 26, 19991213Nov 13, 20031661
-18.59%Jan 17, 1991746Dec 6, 1993524Dec 19, 19951270
-16.88%May 12, 2006167Jan 9, 2007247Jan 2, 2008414
-11.91%Dec 14, 200561Mar 8, 200643May 9, 2006104

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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