BCD vs. GSG
BCD (abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both Commodities funds. BCD is actively managed, while GSG is passively managed. Over the past 5 years, BCD returned 11.98%/yr vs 15.74%/yr for GSG. A 0.75 correlation means they provide meaningful diversification when combined. BCD charges 0.29%/yr vs 0.75%/yr for GSG.
Performance
BCD vs. GSG - 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 GSG's 42.58% return.
BCD
- 1D
- -0.16%
- 1M
- -1.43%
- YTD
- 20.45%
- 6M
- 20.51%
- 1Y
- 31.80%
- 3Y*
- 14.44%
- 5Y*
- 11.98%
- 10Y*
- —
GSG
- 1D
- 0.77%
- 1M
- -4.83%
- YTD
- 42.58%
- 6M
- 41.06%
- 1Y
- 51.52%
- 3Y*
- 19.31%
- 5Y*
- 15.74%
- 10Y*
- 7.69%
BCD vs. GSG - 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% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 42.58% | 5.93% | 8.52% | -5.51% | 24.08% | 38.77% | -23.94% | 15.62% | -13.88% | 9.85% |
Correlation
The correlation between BCD and GSG is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2017 | 0.75 |
The correlation between BCD and GSG has been stable across timeframes, ranging from 0.75 to 0.82 - a consistent structural relationship.
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Return for Risk
BCD vs. GSG — Risk / Return Rank
BCD
GSG
BCD vs. GSG - 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 iShares S&P GSCI Commodity-Indexed Trust (GSG). 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 | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.40 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.42 | 5.47 | -1.05 |
| Martin ratioReturn relative to average drawdown | 12.57 | 14.39 | -1.83 |
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 | GSG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | 2.26 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.70 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | -0.09 | +0.76 |
Drawdowns
BCD vs. GSG - Drawdown Comparison
The maximum BCD drawdown since its inception was -29.81%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for BCD and GSG.
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Drawdown Indicators
| BCD | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.81% | -89.62% | +59.81% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -9.46% | +2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -10.50% | -14.94% | +4.44% |
Max Drawdown (5Y)Largest decline over 5 years | -23.03% | -29.12% | +6.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | -3.60% | -56.95% | +53.35% |
Average DrawdownAverage peak-to-trough decline | -9.86% | -63.71% | +53.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 3.59% | -1.05% |
Volatility
BCD vs. GSG - Volatility Comparison
The current volatility for abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) is 4.33%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.65%. This indicates that BCD experiences smaller price fluctuations and is considered to be less risky than GSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCD | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 7.65% | -3.32% |
Volatility (6M)Calculated over the trailing 6-month period | 11.74% | 20.42% | -8.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.72% | 22.95% | -9.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.41% | 22.61% | -7.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.90% | 22.03% | -8.13% |
BCD vs. GSG - Expense Ratio Comparison
BCD has a 0.29% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
BCD vs. GSG - Dividend Comparison
BCD's dividend yield for the trailing twelve months is around 14.29%, while GSG 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% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 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 GSG have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (7.65%) compared to BCD (4.33%). In terms of maximum drawdown, BCD dropped -29.81% vs GSG's -89.62%.
On 5-year performance, GSG leads with 15.74% 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, GSG has performed better with a 15.74% 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 0.75% for GSG.
BCD has the higher dividend yield at 14.29%, compared with 0.00% for GSG.
They also come from different issuers: Aberdeen and iShares. Their fees differ too: 0.29% for BCD and 0.75% for GSG.
BCD currently has the higher Sharpe Ratio (2.33 vs 2.26), 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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