BCAT vs. BCI
BCAT (BlackRock Capital Allocation Term Trust) is a stock, while BCI (abrdn Bloomberg All Commodity Strategy K-1 Free ETF) is Commodities fund tracking the Bloomberg Commodity Index Total Return. Over the past 5 years, BCAT returned 8.22%/yr vs 9.96%/yr for BCI. Their 0.12 correlation means their historical movements had little consistent relationship.
Performance
BCAT vs. BCI - Performance Comparison
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Returns By Period
In the year-to-date period, BCAT achieves a 26.22% return, which is significantly higher than BCI's 20.53% return.
BCAT
- 1D
- -1.00%
- 1M
- 0.85%
- 6M
- 19.20%
- YTD
- 26.22%
- 1Y
- 31.26%
- 3Y*
- 21.41%
- 5Y*
- 8.22%
- 10Y*
- —
- ALL TIME*
- 9.29%
BCI
- 1D
- 0.81%
- 1M
- 3.56%
- 6M
- 10.83%
- YTD
- 20.53%
- 1Y
- 33.76%
- 3Y*
- 11.58%
- 5Y*
- 9.96%
- 10Y*
- —
- ALL TIME*
- 6.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.18M | $12.15M | $11.32M | |
| $35.02M | $56.04M | $40.48M |
BCAT vs. BCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BCAT BlackRock Capital Allocation Term Trust | 26.22% | 16.78% | 19.37% | 19.30% | -22.64% | -5.21% | 9.35% |
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF | 20.53% | 15.07% | 5.47% | -8.79% | 15.09% | 26.18% | 10.65% |
Correlation
The correlation between BCAT and BCI is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.02 |
Correlation (3Y) Balances recent behavior with more history. | 0.06 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2020 | 0.12 |
The correlation between BCAT and BCI shifts across timeframes, from -0.02 (1 year) to 0.12 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BCAT vs. BCI — Risk / Return Rank
BCAT
BCI
BCAT vs. BCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Capital Allocation Term Trust (BCAT) and abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| BCAT | BCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.33 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.94 | 2.29 | +1.65 |
| Martin ratioReturn relative to average drawdown | 17.60 | 7.18 | +10.42 |
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Drawdowns
BCAT vs. BCI - Drawdown Comparison
The maximum BCAT drawdown since its inception was -36.13%, which is greater than BCI's maximum drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for BCAT and BCI.
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Drawdown Indicators
| BCAT | BCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.13% | -32.69% | -3.44% |
Max Drawdown (1Y)Largest decline over 1 year | -7.98% | -14.82% | +6.84% |
Max Drawdown (3Y)Largest decline over 3 years | -13.69% | -14.82% | +1.13% |
Max Drawdown (5Y)Largest decline over 5 years | -33.67% | -26.50% | -7.17% |
Current DrawdownCurrent decline from peak | -1.00% | -9.15% | +8.15% |
Average DrawdownAverage peak-to-trough decline | -12.45% | -11.96% | -0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 4.71% | -2.93% |
Volatility
BCAT vs. BCI - Volatility Comparison
The current volatility for BlackRock Capital Allocation Term Trust (BCAT) is 3.96%, while abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) has a volatility of 5.17%. This indicates that BCAT experiences smaller price fluctuations and is considered to be less risky than BCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCAT | BCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.96% | 5.17% | -1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 9.92% | 13.76% | -3.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.15% | 17.65% | -5.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.22% | 16.87% | -1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.88% | 15.68% | +0.20% |
Dividends
BCAT vs. BCI - Dividend Comparison
BCAT's dividend yield for the trailing twelve months is around 19.83%, more than BCI's 13.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BCAT BlackRock Capital Allocation Term Trust | 19.83% | 23.45% | 17.48% | 10.08% | 9.01% | 6.42% | 0.48% | 0.00% | 0.00% | 0.00% |
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF | 13.68% | 16.49% | 3.29% | 3.93% | 19.98% | 19.43% | 0.68% | 1.47% | 1.13% | 5.02% |
Frequently Asked Questions
BCAT and BCI have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCI has higher volatility (5.17%) compared to BCAT (3.96%). In terms of maximum drawdown, BCAT dropped -36.13% vs BCI's -32.69%.
BCAT currently has the higher Sharpe Ratio (2.59 vs 1.92), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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