BCD vs. BCIM

Last updated Jun 4, 2026

BCD (abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF) and BCIM (abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF) are both exchange-traded funds - BCD is a Commodities fund actively managed by Aberdeen, while BCIM is a Metals fund tracking the Bloomberg Industrial Metals. BCD is actively managed, while BCIM is passively managed. A 0.51 correlation means they provide meaningful diversification when combined. BCD charges 0.29%/yr vs 0.41%/yr for BCIM.

Performance

BCD vs. BCIM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) and abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BCD

• 1D: -0.16%
• 1M: -1.43%
• YTD: 20.45%
• 6M: 20.51%
• 1Y: 31.80%
• 3Y*: 14.44%
• 5Y*: 11.98%
• 10Y*: —

BCIM

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BCD vs. BCIM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BCD abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF	20.45%	15.71%	6.20%	-7.58%	18.38%	3.59%
BCIM abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF	0.00%	10.71%	3.30%	-9.68%	-3.29%	4.17%

Correlation

The correlation between BCD and BCIM is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (All Time) Calculated using the full available price history since Sep 24, 2021	0.51

Over the past year, the correlation between BCD and BCIM has dropped to 0.13 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.

Return for Risk

BCD vs. BCIM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BCD

BCD Risk / Return Rank: 71
BCD Sharpe Ratio Rank: 70
BCD Sortino Ratio Rank: 64
BCD Omega Ratio Rank: 70
BCD Calmar Ratio Rank: 82
BCD Martin Ratio Rank: 68

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.

BCD vs. BCIM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) and abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM). 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.

	BCD	BCIM	Difference
Sharpe ratio: Return per unit of total volatility	2.33	—	—
Sortino ratio: Return per unit of downside risk	3.02	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	4.42	—	—
Martin ratio: Return relative to average drawdown	12.57	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BCD	BCIM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	—	—

Drawdowns

Drawdown Indicators

	BCD	BCIM	Difference
Max Drawdown Largest peak-to-trough decline	-29.81%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.22%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-10.50%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.03%	—	—
Current Drawdown Current decline from peak	-3.60%	—	—
Average Drawdown Average peak-to-trough decline	-9.86%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.54%	—	—

Volatility

Volatility by Period

	BCD	BCIM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.33%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.74%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.72%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.41%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.90%	—	—

BCD vs. BCIM - Expense Ratio Comparison

BCD has a 0.29% expense ratio, which is lower than BCIM's 0.41% expense ratio.

Dividends

BCD vs. BCIM - Dividend Comparison

BCD's dividend yield for the trailing twelve months is around 14.29%, more than BCIM's 3.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BCD abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF	14.29%	17.21%	3.60%	4.51%	5.21%	8.30%	1.29%	1.55%	1.59%	0.07%
BCIM abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF	3.77%	3.77%	11.47%	3.36%	0.72%	1.57%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BCD and BCIM in my portfolio?

BCD and BCIM have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BCD or BCIM?

On fees, BCD is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BCD or BCIM?

BCD is cheaper with a 0.29% expense ratio, compared with 0.41% for BCIM.

Which ETF pays a higher dividend yield, BCD or BCIM?

BCD has the higher dividend yield at 14.29%, compared with 3.77% for BCIM.

What is the main difference between BCD and BCIM?

BCD is categorized as Commodities, while BCIM is Metals. Their fees differ too: 0.29% for BCD and 0.41% for BCIM.