PortfoliosLab logo
Tools
Performance Analysis
Risk Analysis
Optimization
Factor Model
See All Tools
Portfolio Analysis
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
BCD vs. DBC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


BCDDBC
YTD Return2.06%2.99%
1Y Return-0.74%1.34%
3Y Return (Ann)11.32%12.65%
5Y Return (Ann)9.47%8.91%
Sharpe Ratio-0.030.13
Daily Std Dev12.20%14.35%
Max Drawdown-29.79%-76.36%
Current Drawdown-18.76%-46.07%

Correlation

0.77
-1.001.00

The correlation between BCD and DBC is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Performance

BCD vs. DBC - Performance Comparison

In the year-to-date period, BCD achieves a 2.06% return, which is significantly lower than DBC's 2.99% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


50.00%55.00%60.00%65.00%70.00%OctoberNovemberDecember2024FebruaryMarch
55.94%
62.12%
BCD
DBC

Compare stocks, funds, or ETFs


abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF

Invesco DB Commodity Index Tracking Fund

BCD vs. DBC - Expense Ratio Comparison

BCD has a 0.29% expense ratio, which is lower than DBC's 0.85% expense ratio.

DBC
Invesco DB Commodity Index Tracking Fund
0.50%1.00%1.50%2.00%0.85%

Risk-Adjusted Performance

BCD vs. DBC - 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 Commodity Index Tracking Fund (DBC). 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
BCD
abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF
-0.03
DBC
Invesco DB Commodity Index Tracking Fund
0.13

BCD vs. DBC - Sharpe Ratio Comparison

The current BCD Sharpe Ratio is -0.03, which is lower than the DBC Sharpe Ratio of 0.13. The chart below compares the 12-month rolling Sharpe Ratio of BCD and DBC.


Rolling 12-month Sharpe Ratio-0.80-0.60-0.40-0.200.000.200.40OctoberNovemberDecember2024FebruaryMarch
-0.03
0.13
BCD
DBC

Dividends

BCD vs. DBC - Dividend Comparison

BCD's dividend yield for the trailing twelve months is around 4.42%, less than DBC's 4.80% yield.


TTM2023202220212020201920182017
BCD
abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF
4.42%4.51%5.21%8.30%1.29%1.55%1.59%0.07%
DBC
Invesco DB Commodity Index Tracking Fund
4.80%4.94%0.59%0.00%0.00%1.59%1.30%0.00%

Drawdowns

BCD vs. DBC - Drawdown Comparison

The maximum BCD drawdown since its inception was -29.79%, smaller than the maximum DBC drawdown of -76.36%. The drawdown chart below compares losses from any high point along the way for BCD and DBC


-26.00%-24.00%-22.00%-20.00%-18.00%-16.00%OctoberNovemberDecember2024FebruaryMarch
-18.76%
-21.52%
BCD
DBC

Volatility

BCD vs. DBC - Volatility Comparison

The current volatility for abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) is 2.25%, while Invesco DB Commodity Index Tracking Fund (DBC) has a volatility of 2.77%. This indicates that BCD experiences smaller price fluctuations and is considered to be less risky than DBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%OctoberNovemberDecember2024FebruaryMarch
2.25%
2.77%
BCD
DBC