BCD vs. FAAR
BCD (abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF) and FAAR (First Trust Alternative Absolute Return Strategy ETF) are both Commodities funds. Both are actively managed. Over the past 5 years, BCD returned 11.98%/yr vs 8.07%/yr for FAAR. At a 0.39 correlation, their price movements are largely independent. BCD charges 0.29%/yr vs 0.95%/yr for FAAR.
Performance
BCD vs. FAAR - Performance Comparison
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Returns By Period
In the year-to-date period, BCD achieves a 20.45% return, which is significantly lower than FAAR's 25.73% return.
BCD
- 1D
- -0.16%
- 1M
- -1.43%
- YTD
- 20.45%
- 6M
- 20.51%
- 1Y
- 31.80%
- 3Y*
- 14.44%
- 5Y*
- 11.98%
- 10Y*
- —
FAAR
- 1D
- 0.01%
- 1M
- -0.79%
- YTD
- 25.73%
- 6M
- 23.17%
- 1Y
- 40.73%
- 3Y*
- 11.79%
- 5Y*
- 8.07%
- 10Y*
- 5.17%
BCD vs. FAAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCD abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF | 20.45% | 15.71% | 6.20% | -7.58% | 18.38% | 31.87% | 4.76% | 7.34% | -8.65% | 3.08% |
FAAR First Trust Alternative Absolute Return Strategy ETF | 25.73% | 8.07% | 5.97% | -5.63% | 10.15% | 12.34% | 8.60% | -1.28% | -9.17% | 4.10% |
Correlation
The correlation between BCD and FAAR is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2017 | 0.39 |
Over the past year, BCD and FAAR have become more correlated (0.66) than their long-term average of 0.39, meaning their price movements have been converging.
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Return for Risk
BCD vs. FAAR — Risk / Return Rank
BCD
FAAR
BCD vs. FAAR - 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 First Trust Alternative Absolute Return Strategy ETF (FAAR). 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 | FAAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.52 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.42 | 8.44 | -4.02 |
| Martin ratioReturn relative to average drawdown | 12.57 | 23.64 | -11.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BCD | FAAR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | 3.04 | -0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.62 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.45 | +0.22 |
Drawdowns
BCD vs. FAAR - Drawdown Comparison
The maximum BCD drawdown since its inception was -29.81%, which is greater than FAAR's maximum drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for BCD and FAAR.
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Drawdown Indicators
| BCD | FAAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.81% | -18.03% | -11.78% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -4.85% | -2.37% |
Max Drawdown (3Y)Largest decline over 3 years | -10.50% | -11.54% | +1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -23.03% | -18.03% | -5.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.03% | — |
Current DrawdownCurrent decline from peak | -3.60% | -1.11% | -2.49% |
Average DrawdownAverage peak-to-trough decline | -9.86% | -7.85% | -2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 1.73% | +0.81% |
Volatility
BCD vs. FAAR - Volatility Comparison
abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) has a higher volatility of 4.33% compared to First Trust Alternative Absolute Return Strategy ETF (FAAR) at 2.44%. This indicates that BCD's price experiences larger fluctuations and is considered to be riskier than FAAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCD | FAAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 2.44% | +1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 11.74% | 9.72% | +2.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.72% | 13.48% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.41% | 13.02% | +2.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.90% | 11.51% | +2.39% |
BCD vs. FAAR - Expense Ratio Comparison
BCD has a 0.29% expense ratio, which is lower than FAAR's 0.95% expense ratio.
Dividends
BCD vs. FAAR - Dividend Comparison
BCD's dividend yield for the trailing twelve months is around 14.29%, more than FAAR's 9.15% 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% |
FAAR First Trust Alternative Absolute Return Strategy ETF | 9.15% | 11.63% | 3.45% | 3.20% | 5.82% | 6.49% | 3.05% | 1.02% | 0.58% | 2.83% |
Frequently Asked Questions
BCD and FAAR have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCD has higher volatility (4.33%) compared to FAAR (2.44%). In terms of maximum drawdown, BCD dropped -29.81% vs FAAR's -18.03%.
On 5-year performance, BCD leads with 11.98% vs 8.07% for FAAR. On fees, BCD is cheaper at 0.29% per year. On volatility, FAAR has been the lower-risk option at 2.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BCD has performed better with a 11.98% return vs 8.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BCD is cheaper with a 0.29% expense ratio, compared with 0.95% for FAAR.
BCD has the higher dividend yield at 14.29%, compared with 9.15% for FAAR.
They also come from different issuers: Aberdeen and First Trust. Their fees differ too: 0.29% for BCD and 0.95% for FAAR.
FAAR currently has the higher Sharpe Ratio (3.04 vs 2.33), 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.
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