BCD vs. DBA
Compare and contrast key facts about abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) and Invesco DB Agriculture Fund (DBA).
BCD and DBA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BCD is an actively managed fund by Abrdn Plc. It was launched on Mar 30, 2017. DBA is a passively managed fund by Invesco that tracks the performance of the DBIQ Diversified Agriculture Index TR. It was launched on Jan 5, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BCD or DBA.
Performance
BCD vs. DBA - Performance Comparison
Returns By Period
In the year-to-date period, BCD achieves a 5.13% return, which is significantly lower than DBA's 26.42% return.
BCD
5.13%
-0.34%
-5.61%
2.19%
10.75%
N/A
DBA
26.42%
3.23%
9.20%
23.84%
11.82%
0.97%
Key characteristics
| BCD | DBA | |
|---|---|---|
| Sharpe Ratio | 0.22 | 1.33 |
| Sortino Ratio | 0.40 | 1.84 |
| Omega Ratio | 1.05 | 1.24 |
| Calmar Ratio | 0.12 | 0.51 |
| Martin Ratio | 0.54 | 4.18 |
| Ulcer Index | 5.14% | 5.79% |
| Daily Std Dev | 12.51% | 18.20% |
| Max Drawdown | -29.79% | -67.97% |
| Current Drawdown | -16.31% | -32.93% |
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BCD vs. DBA - Expense Ratio Comparison
BCD has a 0.29% expense ratio, which is lower than DBA's 0.94% expense ratio.
Correlation
The correlation between BCD and DBA is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
BCD vs. DBA - Risk-Adjusted Performance 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 Invesco DB Agriculture Fund (DBA). 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.
Dividends
BCD vs. DBA - Dividend Comparison
BCD's dividend yield for the trailing twelve months is around 4.29%, more than DBA's 3.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
BCD abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF | 4.29% | 4.51% | 5.21% | 8.30% | 1.29% | 1.56% | 1.59% | 0.07% |
DBA Invesco DB Agriculture Fund | 3.66% | 4.63% | 0.48% | 0.00% | 0.00% | 1.55% | 1.06% | 0.00% |
Drawdowns
BCD vs. DBA - Drawdown Comparison
The maximum BCD drawdown since its inception was -29.79%, smaller than the maximum DBA drawdown of -67.97%. Use the drawdown chart below to compare losses from any high point for BCD and DBA. For additional features, visit the drawdowns tool.
Volatility
BCD vs. DBA - Volatility Comparison
abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) and Invesco DB Agriculture Fund (DBA) have volatilities of 3.84% and 3.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.