- ISIN
- US0032612030
- CUSIP
- 003261203
- Issuer
- Aberdeen
- Inception Date
- Mar 30, 2017
- Region
- Global (Broad)
- Category
- Commodities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Commodity
- Assets Under Management
- $403M
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 12.7% since the beginning of the year. BCD is currently trading at $35 per share. Investors who bought $1,000 worth of BCD shares 5 years ago would now be looking at an investment worth $1,687.
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Returns By Period
abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) has returned 12.69% so far this year and 18.46% over the past 12 months.
abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF
- 1D
- -0.37%
- 1M
- -6.61%
- YTD
- 12.69%
- 6M
- 12.67%
- 1Y
- 18.46%
- 3Y*
- 11.12%
- 5Y*
- 11.03%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.15%
- 1Y
- 24.03%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
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 +0.74%. At this rate, an investment would double in approximately 7.8 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% | -5.55% | 12.69% | ||||||
| 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 6.41%, 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 (33.33%) - 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
- 6.41%
- Beta
- 0.21
- R²
- 0.08
- Upside Capture
- 39.35%
- Downside Capture
- 33.33%
Expense Ratio
BCD has an expense ratio of 0.29%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BCD ranks 39 for risk / return — below 39% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by 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 | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 2.78 | -0.89 |
| Martin ratioReturn relative to average drawdown | 6.83 | 12.44 | -5.61 |
Dividends
Dividend History
abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF provided a 15.27% 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 | 15.27% | 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 | ||||||
| 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 9.80%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -29.81%Mar 2020 | 1y 9mo | 10mo 23d | 2y 8moMay 2018 - Feb 2021 |
2023 bear market2023 | -23.03%May 2023 | 11mo 27d | 2y 7mo | 3y 6moJun 2022 - Dec 2025 |
Bear market2022 | -10.37%Mar 2022 | 7d | 28d | 1mo 5dMar 2022 - Apr 2022 |
2026 pullback2026 | -9.80%Jun 2026 | 1mo 10d | — | 1mo 12dMay 2026 - now |
2017 pullback2017 | -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 | -9.80% | -9.10% | -0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -10.50% | -18.90% | +8.40% |
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 | -9.80% | -1.80% | -8.00% |
Average DrawdownAverage peak-to-trough decline | -9.84% | -10.71% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.03% | +0.97% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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