BCD vs. FXO
BCD (abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF) and FXO (First Trust Financials AlphaDEX Fund) are both exchange-traded funds - BCD is a Commodities fund actively managed by Aberdeen, while FXO is a Financials Equities fund tracking the StrataQuant Financials Index. BCD is actively managed, while FXO is passively managed. Over the past 5 years, BCD returned 10.63%/yr vs 9.91%/yr for FXO. At a 0.18 correlation, their price movements are largely independent. BCD charges 0.29%/yr vs 0.62%/yr for FXO.
Performance
BCD vs. FXO - Performance Comparison
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Returns By Period
In the year-to-date period, BCD achieves a 11.14% return, which is significantly higher than FXO's 3.78% return.
BCD
- 1D
- -1.38%
- 1M
- -7.90%
- YTD
- 11.14%
- 6M
- 9.67%
- 1Y
- 18.61%
- 3Y*
- 10.61%
- 5Y*
- 10.63%
- 10Y*
- —
FXO
- 1D
- 1.06%
- 1M
- 4.51%
- YTD
- 3.78%
- 6M
- 1.91%
- 1Y
- 16.03%
- 3Y*
- 22.20%
- 5Y*
- 9.91%
- 10Y*
- 13.32%
BCD vs. FXO - 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 | 11.14% | 15.71% | 6.20% | -7.58% | 18.38% | 31.87% | 4.76% | 7.34% | -8.65% | 3.83% |
FXO First Trust Financials AlphaDEX Fund | 3.78% | 13.59% | 27.72% | 9.28% | -9.24% | 37.76% | 5.95% | 26.31% | -11.72% | 14.24% |
Correlation
The correlation between BCD and FXO is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2017 | 0.18 |
The correlation between BCD and FXO shifts across timeframes, from -0.08 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BCD vs. FXO — Risk / Return Rank
BCD
FXO
BCD vs. FXO - 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 Financials AlphaDEX Fund (FXO). 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 | FXO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.18 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.37 | +0.32 |
| Martin ratioReturn relative to average drawdown | 6.74 | 4.09 | +2.65 |
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Drawdowns
BCD vs. FXO - Drawdown Comparison
The maximum BCD drawdown since its inception was -29.81%, smaller than the maximum FXO drawdown of -71.30%. Use the drawdown chart below to compare losses from any high point for BCD and FXO.
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Drawdown Indicators
| BCD | FXO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.81% | -71.30% | +41.49% |
Max Drawdown (1Y)Largest decline over 1 year | -11.04% | -11.72% | +0.68% |
Max Drawdown (3Y)Largest decline over 3 years | -11.04% | -21.35% | +10.31% |
Max Drawdown (5Y)Largest decline over 5 years | -23.03% | -28.80% | +5.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.55% | — |
Current DrawdownCurrent decline from peak | -11.04% | 0.00% | -11.04% |
Average DrawdownAverage peak-to-trough decline | -9.84% | -13.08% | +3.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 3.93% | -1.13% |
Volatility
BCD vs. FXO - Volatility Comparison
The current volatility for abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) is 3.34%, while First Trust Financials AlphaDEX Fund (FXO) has a volatility of 4.02%. This indicates that BCD experiences smaller price fluctuations and is considered to be less risky than FXO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCD | FXO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.34% | 4.02% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 12.01% | 11.03% | +0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.99% | 15.66% | -1.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.38% | 21.86% | -6.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.90% | 24.09% | -10.19% |
BCD vs. FXO - Expense Ratio Comparison
BCD has a 0.29% expense ratio, which is lower than FXO's 0.62% expense ratio.
Dividends
BCD vs. FXO - Dividend Comparison
BCD's dividend yield for the trailing twelve months is around 15.49%, more than FXO's 2.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
FXO First Trust Financials AlphaDEX Fund | 2.08% | 1.78% | 1.97% | 2.98% | 2.49% | 1.91% | 2.60% | 1.72% | 2.60% | 1.62% | 1.35% | 1.51% |
Frequently Asked Questions
BCD and FXO have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FXO has higher volatility (4.02%) compared to BCD (3.34%). In terms of maximum drawdown, BCD dropped -29.81% vs FXO's -71.30%.
On 5-year performance, BCD leads with 10.63% vs 9.91% for FXO. 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.
Over the 5-year period, BCD has performed better with a 10.63% return vs 9.91%. 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 0.62% for FXO.
BCD has the higher dividend yield at 15.49%, compared with 2.08% for FXO.
BCD is categorized as Commodities, while FXO is Financials Equities. They also come from different issuers: Aberdeen and First Trust. Their fees differ too: 0.29% for BCD and 0.62% for FXO.
BCD currently has the higher Sharpe Ratio (1.34 vs 1.03), 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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