BCD vs. FTGC
BCD (abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF) and FTGC (First Trust Global Tactical Commodity Strategy Fund) are both Commodities funds. Both are actively managed. Over the past 5 years, BCD returned 10.91%/yr vs 12.66%/yr for FTGC. Their correlation of 0.84 suggests significant overlap in exposure. BCD charges 0.29%/yr vs 0.95%/yr for FTGC.
Performance
BCD vs. FTGC - Performance Comparison
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Returns By Period
In the year-to-date period, BCD achieves a 15.08% return, which is significantly lower than FTGC's 25.30% return.
BCD
- 1D
- -0.95%
- 1M
- 0.68%
- 6M
- 10.82%
- YTD
- 15.08%
- 1Y
- 23.43%
- 3Y*
- 11.38%
- 5Y*
- 10.91%
- 10Y*
- —
FTGC
- 1D
- -0.97%
- 1M
- 3.06%
- 6M
- 20.93%
- YTD
- 25.30%
- 1Y
- 34.47%
- 3Y*
- 15.47%
- 5Y*
- 12.66%
- 10Y*
- 7.52%
BCD vs. FTGC - 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 | 15.08% | 15.71% | 6.20% | -7.58% | 18.38% | 31.87% | 4.76% | 7.34% | -8.65% | 3.83% |
FTGC First Trust Global Tactical Commodity Strategy Fund | 25.30% | 14.61% | 9.96% | -5.36% | 17.36% | 27.95% | 2.17% | 6.40% | -12.75% | 3.59% |
Correlation
The correlation between BCD and FTGC is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2017 | 0.84 |
The correlation between BCD and FTGC has been stable across timeframes, ranging from 0.84 to 0.93 - a consistent structural relationship.
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Return for Risk
BCD vs. FTGC — Risk / Return Rank
BCD
FTGC
BCD vs. FTGC - 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 Global Tactical Commodity Strategy Fund (FTGC). 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 | FTGC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.38 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 2.81 | -0.95 |
| Martin ratioReturn relative to average drawdown | 6.23 | 9.29 | -3.06 |
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Drawdowns
BCD vs. FTGC - Drawdown Comparison
The maximum BCD drawdown since its inception was -29.81%, smaller than the maximum FTGC drawdown of -59.47%. Use the drawdown chart below to compare losses from any high point for BCD and FTGC.
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Drawdown Indicators
| BCD | FTGC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.81% | -59.47% | +29.66% |
Max Drawdown (1Y)Largest decline over 1 year | -12.70% | -12.34% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -12.70% | -12.34% | -0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -23.03% | -22.64% | -0.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.91% | — |
Current DrawdownCurrent decline from peak | -7.89% | -6.04% | -1.85% |
Average DrawdownAverage peak-to-trough decline | -9.84% | -27.25% | +17.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.77% | 3.72% | +0.05% |
Volatility
BCD vs. FTGC - Volatility Comparison
abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) and First Trust Global Tactical Commodity Strategy Fund (FTGC) have volatilities of 4.34% and 4.50%, 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.
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Volatility by Period
| BCD | FTGC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 4.50% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 11.99% | 13.39% | -1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.15% | 15.79% | -1.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.40% | 15.87% | -0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.91% | 14.72% | -0.81% |
BCD vs. FTGC - Expense Ratio Comparison
BCD has a 0.29% expense ratio, which is lower than FTGC's 0.95% expense ratio.
Dividends
BCD vs. FTGC - Dividend Comparison
BCD's dividend yield for the trailing twelve months is around 14.96%, less than FTGC's 15.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BCD abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF | 14.96% | 17.21% | 3.60% | 4.51% | 5.21% | 8.30% | 1.29% | 1.55% | 1.59% | 0.07% |
FTGC First Trust Global Tactical Commodity Strategy Fund | 15.46% | 17.74% | 3.05% | 3.34% | 10.35% | 7.21% | 0.00% | 0.81% | 0.80% | 1.21% |
Frequently Asked Questions
With a correlation of 0.93, BCD and FTGC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FTGC has higher volatility (4.50%) compared to BCD (4.34%). In terms of maximum drawdown, BCD dropped -29.81% vs FTGC's -59.47%.
On 5-year performance, FTGC leads with 12.66% vs 10.91% for BCD. On fees, BCD is cheaper at 0.29% per year. On volatility, BCD has been the lower-risk option at 4.34%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FTGC has performed better with a 12.66% return vs 10.91%. 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 FTGC.
FTGC has the higher dividend yield at 15.46%, compared with 14.96% for BCD.
They also come from different issuers: Aberdeen and First Trust. Their fees differ too: 0.29% for BCD and 0.95% for FTGC.
FTGC currently has the higher Sharpe Ratio (2.19 vs 1.66), 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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