BCD vs. GLTR
BCD (abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF) and GLTR (Aberdeen Standard Physical Precious Metals Basket Shares ETF) are both exchange-traded funds - BCD is a Commodities fund actively managed by Aberdeen, while GLTR is a Precious Metals fund tracking the ETFS Physical Precious Metals Basket Index. BCD is actively managed, while GLTR is passively managed. Over the past 5 years, BCD returned 11.98%/yr vs 15.32%/yr for GLTR. At a 0.46 correlation, their price movements are largely independent. BCD charges 0.29%/yr vs 0.60%/yr for GLTR.
Performance
BCD vs. GLTR - Performance Comparison
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Returns By Period
In the year-to-date period, BCD achieves a 20.45% return, which is significantly higher than GLTR's 1.47% return.
BCD
- 1D
- -0.16%
- 1M
- -1.43%
- YTD
- 20.45%
- 6M
- 20.51%
- 1Y
- 31.80%
- 3Y*
- 14.44%
- 5Y*
- 11.98%
- 10Y*
- —
GLTR
- 1D
- -1.81%
- 1M
- -1.45%
- YTD
- 1.47%
- 6M
- 10.73%
- 1Y
- 53.06%
- 3Y*
- 32.36%
- 5Y*
- 15.32%
- 10Y*
- 13.17%
BCD vs. GLTR - 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% |
GLTR Aberdeen Standard Physical Precious Metals Basket Shares ETF | 1.47% | 87.25% | 20.63% | 2.01% | -0.25% | -9.60% | 29.52% | 20.96% | -2.85% | 2.22% |
Correlation
The correlation between BCD and GLTR is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2017 | 0.46 |
The correlation between BCD and GLTR has been stable across timeframes, ranging from 0.46 to 0.55 - a consistent structural relationship.
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Return for Risk
BCD vs. GLTR — Risk / Return Rank
BCD
GLTR
BCD vs. GLTR - 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 Aberdeen Standard Physical Precious Metals Basket Shares ETF (GLTR). 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 | GLTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.29 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 4.42 | 1.80 | +2.63 |
| Martin ratioReturn relative to average drawdown | 12.57 | 4.13 | +8.43 |
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 | GLTR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | 1.42 | +0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.65 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.32 | +0.35 |
Drawdowns
BCD vs. GLTR - Drawdown Comparison
The maximum BCD drawdown since its inception was -29.81%, smaller than the maximum GLTR drawdown of -55.70%. Use the drawdown chart below to compare losses from any high point for BCD and GLTR.
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Drawdown Indicators
| BCD | GLTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.81% | -55.70% | +25.89% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -29.70% | +22.48% |
Max Drawdown (3Y)Largest decline over 3 years | -10.50% | -29.70% | +19.20% |
Max Drawdown (5Y)Largest decline over 5 years | -23.03% | -29.70% | +6.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.70% | — |
Current DrawdownCurrent decline from peak | -3.60% | -26.86% | +23.26% |
Average DrawdownAverage peak-to-trough decline | -9.86% | -28.83% | +18.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 12.88% | -10.34% |
Volatility
BCD vs. GLTR - Volatility Comparison
The current volatility for abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) is 4.33%, while Aberdeen Standard Physical Precious Metals Basket Shares ETF (GLTR) has a volatility of 9.13%. This indicates that BCD experiences smaller price fluctuations and is considered to be less risky than GLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCD | GLTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 9.13% | -4.80% |
Volatility (6M)Calculated over the trailing 6-month period | 11.74% | 35.41% | -23.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.72% | 37.58% | -23.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.41% | 23.63% | -8.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.90% | 20.50% | -6.60% |
BCD vs. GLTR - Expense Ratio Comparison
BCD has a 0.29% expense ratio, which is lower than GLTR's 0.60% expense ratio.
Dividends
BCD vs. GLTR - Dividend Comparison
BCD's dividend yield for the trailing twelve months is around 14.29%, while GLTR has not paid dividends to shareholders.
| 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% |
GLTR Aberdeen Standard Physical Precious Metals Basket Shares ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BCD and GLTR have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLTR has higher volatility (9.13%) compared to BCD (4.33%). In terms of maximum drawdown, BCD dropped -29.81% vs GLTR's -55.70%.
On 5-year performance, GLTR leads with 15.32% vs 11.98% for BCD. On fees, BCD is cheaper at 0.29% per year. On volatility, BCD has been the lower-risk option at 4.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GLTR has performed better with a 15.32% return vs 11.98%. 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 0.60% for GLTR.
BCD has the higher dividend yield at 14.29%, compared with 0.00% for GLTR.
BCD is categorized as Commodities, while GLTR is Precious Metals. Their fees differ too: 0.29% for BCD and 0.60% for GLTR.
BCD currently has the higher Sharpe Ratio (2.33 vs 1.42), 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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