BCD vs. MMIN
BCD (abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF) and MMIN (IQ MacKay Municipal Insured ETF) are both exchange-traded funds - BCD is a Commodities fund actively managed by Aberdeen, while MMIN is a Municipal Bonds fund tracking the Bloomberg Barclays Municipal All Insured Bond Index. BCD is actively managed, while MMIN is passively managed. Over the past 5 years, BCD returned 11.98%/yr vs 0.74%/yr for MMIN. At a correlation of -0.03, they often move in opposite directions. BCD charges 0.29%/yr vs 0.31%/yr for MMIN.
Performance
BCD vs. MMIN - 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 MMIN's 2.32% return.
BCD
- 1D
- -0.16%
- 1M
- -1.43%
- YTD
- 20.45%
- 6M
- 20.51%
- 1Y
- 31.80%
- 3Y*
- 14.44%
- 5Y*
- 11.98%
- 10Y*
- —
MMIN
- 1D
- 0.00%
- 1M
- 0.85%
- YTD
- 2.32%
- 6M
- 2.74%
- 1Y
- 9.31%
- 3Y*
- 4.21%
- 5Y*
- 0.74%
- 10Y*
- —
BCD vs. MMIN - 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% | 2.46% |
MMIN IQ MacKay Municipal Insured ETF | 2.32% | 4.65% | 0.93% | 7.45% | -11.20% | 1.35% | 7.47% | 8.08% | 1.97% | 1.20% |
Correlation
The correlation between BCD and MMIN is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2017 | -0.03 |
Over the past year, the inverse relationship between BCD and MMIN has strengthened: their correlation has moved from -0.03 to -0.23, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
BCD vs. MMIN — Risk / Return Rank
BCD
MMIN
BCD vs. MMIN - 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 IQ MacKay Municipal Insured ETF (MMIN). 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 | MMIN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.33 | 2.46 | -0.13 |
Sortino ratioReturn per unit of downside risk | 3.02 | 3.66 | -0.63 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.49 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 4.42 | 3.25 | +1.17 |
Martin ratioReturn relative to average drawdown | 12.57 | 11.93 | +0.64 |
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 | MMIN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | 2.46 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.15 | +0.63 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.38 | +0.29 |
Drawdowns
BCD vs. MMIN - Drawdown Comparison
The maximum BCD drawdown since its inception was -29.81%, which is greater than MMIN's maximum drawdown of -16.87%. Use the drawdown chart below to compare losses from any high point for BCD and MMIN.
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Drawdown Indicators
| BCD | MMIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.81% | -16.87% | -12.94% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -2.87% | -4.35% |
Max Drawdown (3Y)Largest decline over 3 years | -10.50% | -7.22% | -3.28% |
Max Drawdown (5Y)Largest decline over 5 years | -23.03% | -16.87% | -6.16% |
Current DrawdownCurrent decline from peak | -3.60% | -0.08% | -3.52% |
Average DrawdownAverage peak-to-trough decline | -9.86% | -4.32% | -5.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 0.78% | +1.76% |
Volatility
BCD vs. MMIN - Volatility Comparison
abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) has a higher volatility of 4.33% compared to IQ MacKay Municipal Insured ETF (MMIN) at 1.16%. This indicates that BCD's price experiences larger fluctuations and is considered to be riskier than MMIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCD | MMIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 1.16% | +3.17% |
Volatility (6M)Calculated over the trailing 6-month period | 11.74% | 2.49% | +9.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.72% | 3.81% | +9.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.41% | 5.02% | +10.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.90% | 6.97% | +6.93% |
BCD vs. MMIN - Expense Ratio Comparison
BCD has a 0.29% expense ratio, which is lower than MMIN's 0.31% expense ratio.
Dividends
BCD vs. MMIN - Dividend Comparison
BCD's dividend yield for the trailing twelve months is around 14.29%, more than MMIN's 4.12% 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% |
MMIN IQ MacKay Municipal Insured ETF | 4.12% | 4.07% | 3.96% | 3.73% | 2.93% | 1.72% | 2.21% | 2.75% | 2.78% | 0.47% |
Frequently Asked Questions
BCD and MMIN have a correlation of -0.23, 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 MMIN (1.16%). In terms of maximum drawdown, BCD dropped -29.81% vs MMIN's -16.87%.
On 5-year performance, BCD leads with 11.98% vs 0.74% for MMIN. On fees, BCD is cheaper at 0.29% per year. On volatility, MMIN has been the lower-risk option at 1.16%. 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 0.74%. 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 0.31% for MMIN.
BCD has the higher dividend yield at 14.29%, compared with 4.12% for MMIN.
BCD is categorized as Commodities, while MMIN is Municipal Bonds. They also come from different issuers: Aberdeen and New York Life. Their fees differ too: 0.29% for BCD and 0.31% for MMIN.
MMIN currently has the higher Sharpe Ratio (2.46 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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