BCD vs. DBC
Compare and contrast key facts about abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) and Invesco DB Commodity Index Tracking Fund (DBC).
BCD and DBC 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. DBC is a passively managed fund by Invesco that tracks the performance of the DBIQ Optimum Yield Diversified Commodity Index Excess Return. It was launched on Feb 3, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BCD or DBC.
Performance
BCD vs. DBC - Performance Comparison
Returns By Period
In the year-to-date period, BCD achieves a 5.13% return, which is significantly higher than DBC's 1.59% return.
BCD
5.13%
-0.34%
-5.61%
2.19%
10.75%
N/A
DBC
1.59%
0.27%
-6.00%
-3.13%
9.01%
1.13%
Key characteristics
| BCD | DBC | |
|---|---|---|
| Sharpe Ratio | 0.22 | -0.13 |
| Sortino Ratio | 0.40 | -0.09 |
| Omega Ratio | 1.05 | 0.99 |
| Calmar Ratio | 0.12 | -0.04 |
| Martin Ratio | 0.54 | -0.37 |
| Ulcer Index | 5.14% | 5.15% |
| Daily Std Dev | 12.51% | 14.45% |
| Max Drawdown | -29.79% | -76.36% |
| Current Drawdown | -16.31% | -46.80% |
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BCD vs. DBC - Expense Ratio Comparison
BCD has a 0.29% expense ratio, which is lower than DBC's 0.85% expense ratio.
Correlation
The correlation between BCD and DBC is 0.78, 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.
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.
Dividends
BCD vs. DBC - Dividend Comparison
BCD's dividend yield for the trailing twelve months is around 4.29%, less than DBC's 4.86% 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% |
DBC Invesco DB Commodity Index Tracking Fund | 4.86% | 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%. Use the drawdown chart below to compare losses from any high point for BCD and DBC. For additional features, visit the drawdowns tool.
Volatility
BCD vs. DBC - Volatility Comparison
The current volatility for abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) is 3.84%, while Invesco DB Commodity Index Tracking Fund (DBC) has a volatility of 5.67%. 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.