- ISIN
- US0032612030
- CUSIP
- 003261203
- Issuer
- Aberdeen
- Inception Date
- Mar 30, 2017
- Region
- Global (Broad)
- Category
- Commodities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg Commodity Index 3 Month Forward Total Return
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Commodity
- Assets Under Management
- $401M
Highlights
- Avg. Volume (1M)
- 43K
- Avg. Volume Value (1M)
- $1.55M
Share Price Chart
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Performance
BCD Performance Chart
abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) is up 16.4% since the beginning of the year. BCD is currently trading at $36 per share. Investors who bought $1,000 worth of BCD shares 5 years ago would now be looking at an investment worth $1,659.
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Returns By Period
abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) has returned 16.41% so far this year and 28.51% over the past 12 months.
abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF
- 1D
- -0.06%
- 1M
- 5.50%
- 6M
- 7.33%
- YTD
- 16.41%
- 1Y
- 28.51%
- 3Y*
- 10.83%
- 5Y*
- 10.65%
- 10Y*
- —
- ALL TIME*
- 8.82%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
BCD Monthly Returns History
Based on dividend-adjusted daily data since Mar 31, 2017, BCD's average daily return is +0.04%, while the average monthly return is +0.77%. At this rate, an investment would double in approximately 7.5 years.
Historically, 59% of months were positive and 41% were negative. The best month was Mar 2022 with a return of +8.9%, while the worst month was Jun 2022 at -11.0%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, BCD closed higher 51% of trading days. The best single day was Mar 1, 2022 with a return of +4.2%, while the worst single day was Mar 9, 2022 at -6.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.46% | 1.97% | 4.50% | 4.72% | -1.41% | -7.55% | 5.53% | 16.41% | |||||
| 2025 | 4.02% | 0.83% | 3.86% | -5.48% | 0.56% | 2.19% | -0.59% | 1.91% | 2.31% | 2.50% | 2.21% | 0.70% | 15.71% |
| 2024 | 0.16% | -1.08% | 4.09% | 2.66% | 2.01% | -1.88% | -3.05% | -0.46% | 4.46% | -1.10% | -0.25% | 0.77% | 6.20% |
| 2023 | 0.43% | -4.38% | -0.24% | -1.03% | -5.76% | 3.20% | 6.11% | -0.80% | -1.49% | 0.63% | -1.77% | -2.24% | -7.58% |
| 2022 | 7.74% | 5.65% | 8.89% | 4.20% | 2.12% | -10.95% | 3.85% | 0.37% | -7.68% | 1.56% | 4.34% | -1.14% | 18.38% |
| 2021 | 2.17% | 6.07% | -1.82% | 7.80% | 3.58% | 2.79% | 1.88% | -0.44% | 4.93% | 2.69% | -5.09% | 4.10% | 31.87% |
Benchmark Metrics
abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF has an annualized alpha of 6.72%, beta of 0.21, and R2 of 0.08 versus S&P 500 Index. Calculated based on daily prices since March 31, 2017.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (39.35%) than losses (30.83%) - typical of diversified or defensive assets.
- Beta of 0.21 may look defensive, but with R2 of 0.08 this ETF 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 ETF's risk.
- R2 of 0.08 means this ETF 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
- 6.72%
- Beta
- 0.21
- R²
- 0.08
- Upside Capture
- 39.35%
- Downside Capture
- 30.83%
Expense Ratio
BCD has an expense ratio of 0.30%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BCD ranks 74 for risk / return — above 74% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BCD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.25 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 2.00 | +0.22 |
| Martin ratioReturn relative to average drawdown | 7.25 | 8.49 | -1.24 |
Dividends
Dividend History
abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF provided a 14.79% dividend yield over the last twelve months, with an annual payout of $5.33 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $5.33 | $5.33 | $1.13 | $1.38 | $1.80 | $2.55 | $0.33 | $0.38 | $0.37 | $0.02 |
Dividend yield | 14.79% | 17.21% | 3.60% | 4.51% | 5.21% | 8.30% | 1.29% | 1.55% | 1.59% | 0.07% |
Monthly Dividends
The table displays the monthly dividend distributions for abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.33 | $5.33 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.13 | $1.13 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.38 | $1.38 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.80 | $1.80 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.55 | $2.55 |
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 abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF. 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 abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF was 29.81%, occurring on Mar 18, 2020. Recovery took 223 trading sessions.
The current abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF drawdown is 6.83%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-29.81%Mar 2020 | 1y 9mo | 10mo 23d | 2y 8moMay 2018 - Feb 2021 | COVID crash2020 |
-23.03%May 2023 | 11mo 27d | 2y 7mo | 3y 6moJun 2022 - Dec 2025 | — |
-12.70%Jun 2026 | 1mo 12d | — | 2mo 22dMay 2026 - now | — |
-10.37%Mar 2022 | 7d | 28d | 1mo 5dMar 2022 - Apr 2022 | Bear market2022 |
-8.49%Jun 2017 | 2mo 7d | 4mo 16d | 6mo 23dApr 2017 - Nov 2017 | — |
Drawdown Indicators
| BCD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.81% | -56.78% | +26.97% |
Max Drawdown (1Y)Largest decline over 1 year | -12.70% | -9.10% | -3.60% |
Max Drawdown (3Y)Largest decline over 3 years | -12.70% | -18.90% | +6.20% |
Max Drawdown (5Y)Largest decline over 5 years | -23.03% | -25.43% | +2.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -6.83% | -1.58% | -5.25% |
Average DrawdownAverage peak-to-trough decline | -9.83% | -10.70% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 2.14% | +1.74% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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