BCD vs. EVMT

Last updated Jun 24, 2026

BCD (abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF) and EVMT (Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF) are both Commodities funds. Both are actively managed. Over the past 3 years, BCD returned 10.61%/yr vs 1.17%/yr for EVMT. At a 0.49 correlation, their price movements are largely independent. BCD charges 0.29%/yr vs 0.59%/yr for EVMT.

Performance

BCD vs. EVMT - 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 Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (EVMT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BCD achieves a 11.14% return, which is significantly higher than EVMT's 4.92% return.

BCD

• 1D: -1.38%
• 1M: -7.90%
• YTD: 11.14%
• 6M: 9.67%
• 1Y: 18.61%
• 3Y*: 10.61%
• 5Y*: 10.63%
• 10Y*: —

EVMT

• 1D: -2.36%
• 1M: -7.56%
• YTD: 4.92%
• 6M: 9.06%
• 1Y: 31.03%
• 3Y*: 1.17%
• 5Y*: —
• 10Y*: —

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

BCD vs. EVMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BCD abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF	11.14%	15.71%	6.20%	-7.58%	-7.87%
EVMT Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF	4.92%	30.61%	-10.50%	-27.71%	-16.95%

Correlation

The correlation between BCD and EVMT is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (All Time) Calculated using the full available price history since Apr 26, 2022	0.49

Return for Risk

BCD vs. EVMT — Risk / Return Rank

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

BCD

BCD Risk / Return Rank: 39
BCD Sharpe Ratio Rank: 40
BCD Sortino Ratio Rank: 37
BCD Omega Ratio Rank: 39
BCD Calmar Ratio Rank: 35
BCD Martin Ratio Rank: 43

EVMT

EVMT Risk / Return Rank: 69
EVMT Sharpe Ratio Rank: 68
EVMT Sortino Ratio Rank: 66
EVMT Omega Ratio Rank: 68
EVMT Calmar Ratio Rank: 74
EVMT Martin Ratio Rank: 69

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. EVMT - 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 Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (EVMT). 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.

	BCD	EVMT	Difference
Sharpe ratio: Return per unit of total volatility	1.34	2.01	-0.67
Sortino ratio: Return per unit of downside risk	1.84	2.75	-0.91
Omega ratio: Gain probability vs. loss probability	1.25	1.37	-0.12
Calmar ratio: Return relative to maximum drawdown	1.69	3.44	-1.75
Martin ratio: Return relative to average drawdown	6.74	11.60	-4.86

BCD vs. EVMT - Sharpe Ratio Comparison

The current BCD Sharpe Ratio is 1.34, which is lower than the EVMT Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of BCD and EVMT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BCD vs. EVMT - Drawdown Comparison

The maximum BCD drawdown since its inception was -29.81%, smaller than the maximum EVMT drawdown of -48.34%. Use the drawdown chart below to compare losses from any high point for BCD and EVMT.

Drawdown Indicators

	BCD	EVMT	Difference
Max Drawdown Largest peak-to-trough decline	-29.81%	-48.34%	+18.53%
Max Drawdown (1Y) Largest decline over 1 year	-11.04%	-9.05%	-1.99%
Max Drawdown (3Y) Largest decline over 3 years	-11.04%	-29.38%	+18.34%
Max Drawdown (5Y) Largest decline over 5 years	-23.03%	—	—
Current Drawdown Current decline from peak	-11.04%	-27.57%	+16.53%
Average Drawdown Average peak-to-trough decline	-9.84%	-34.58%	+24.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	2.68%	+0.12%

Volatility

BCD vs. EVMT - Volatility Comparison

The current volatility for abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) is 3.34%, while Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (EVMT) has a volatility of 4.40%. This indicates that BCD experiences smaller price fluctuations and is considered to be less risky than EVMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BCD	EVMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.34%	4.40%	-1.06%
Volatility (6M) Calculated over the trailing 6-month period	12.01%	13.90%	-1.89%
Volatility (1Y) Calculated over the trailing 1-year period	13.99%	15.50%	-1.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.38%	20.46%	-5.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.90%	20.46%	-6.56%

BCD vs. EVMT - Expense Ratio Comparison

BCD has a 0.29% expense ratio, which is lower than EVMT's 0.59% expense ratio.

Dividends

BCD vs. EVMT - Dividend Comparison

BCD's dividend yield for the trailing twelve months is around 15.49%, more than EVMT's 11.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BCD abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF	15.49%	17.21%	3.60%	4.51%	5.21%	8.30%	1.29%	1.55%	1.59%	0.07%
EVMT Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF	11.25%	11.80%	3.62%	5.49%	0.86%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BCD and EVMT in my portfolio?

BCD and EVMT have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BCD or EVMT?

EVMT has higher volatility (4.40%) compared to BCD (3.34%). In terms of maximum drawdown, BCD dropped -29.81% vs EVMT's -48.34%.

Which ETF is better, BCD or EVMT?

On 3-year performance, BCD leads with 10.61% vs 1.17% for EVMT. On fees, BCD is cheaper at 0.29% per year. On volatility, BCD has been the lower-risk option at 3.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BCD or EVMT?

Over the 3-year period, BCD has performed better with a 10.61% return vs 1.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BCD or EVMT?

BCD is cheaper with a 0.29% expense ratio, compared with 0.59% for EVMT.

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

BCD has the higher dividend yield at 15.49%, compared with 11.25% for EVMT.

What is the main difference between BCD and EVMT?

They also come from different issuers: Aberdeen and Invesco. Their fees differ too: 0.29% for BCD and 0.59% for EVMT.

Which has better risk-adjusted returns?

EVMT currently has the higher Sharpe Ratio (2.01 vs 1.34), 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.