BCD vs. QQQ
BCD (abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - BCD is a Commodities fund actively managed by Aberdeen, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. BCD is actively managed, while QQQ is passively managed. Over the past 5 years, BCD returned 11.98%/yr vs 17.97%/yr for QQQ. At a 0.20 correlation, their price movements are largely independent. BCD charges 0.29%/yr vs 0.18%/yr for QQQ.
Performance
BCD vs. QQQ - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with BCD having a 20.45% return and QQQ slightly higher at 21.30%.
BCD
- 1D
- -0.16%
- 1M
- -1.43%
- YTD
- 20.45%
- 6M
- 20.51%
- 1Y
- 31.80%
- 3Y*
- 14.44%
- 5Y*
- 11.98%
- 10Y*
- —
QQQ
- 1D
- -0.26%
- 1M
- 10.60%
- YTD
- 21.30%
- 6M
- 19.66%
- 1Y
- 41.82%
- 3Y*
- 28.78%
- 5Y*
- 17.97%
- 10Y*
- 21.94%
BCD vs. QQQ - 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% |
QQQ Invesco QQQ ETF | 21.30% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 18.49% |
Correlation
The correlation between BCD and QQQ is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2017 | 0.20 |
The correlation between BCD and QQQ shifts across timeframes, from -0.02 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BCD vs. QQQ — Risk / Return Rank
BCD
QQQ
BCD vs. QQQ - 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 Invesco QQQ ETF (QQQ). 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 | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.45 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.42 | 3.51 | +0.91 |
| Martin ratioReturn relative to average drawdown | 12.57 | 13.49 | -0.93 |
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 | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | 2.64 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.81 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.99 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.41 | +0.26 |
Drawdowns
BCD vs. QQQ - Drawdown Comparison
The maximum BCD drawdown since its inception was -29.81%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for BCD and QQQ.
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Drawdown Indicators
| BCD | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.81% | -82.97% | +53.16% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -11.96% | +4.74% |
Max Drawdown (3Y)Largest decline over 3 years | -10.50% | -22.77% | +12.27% |
Max Drawdown (5Y)Largest decline over 5 years | -23.03% | -35.12% | +12.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -3.60% | -0.26% | -3.34% |
Average DrawdownAverage peak-to-trough decline | -9.86% | -32.79% | +22.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 3.11% | -0.57% |
Volatility
BCD vs. QQQ - Volatility Comparison
abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) and Invesco QQQ ETF (QQQ) have volatilities of 4.33% and 4.49%, 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 | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 4.49% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 11.74% | 12.10% | -0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.72% | 15.94% | -2.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.41% | 22.38% | -6.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.90% | 22.29% | -8.39% |
BCD vs. QQQ - Expense Ratio Comparison
BCD has a 0.29% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Dividends
BCD vs. QQQ - Dividend Comparison
BCD's dividend yield for the trailing twelve months is around 14.29%, more than QQQ's 0.38% 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 | 14.29% | 17.21% | 3.60% | 4.51% | 5.21% | 8.30% | 1.29% | 1.55% | 1.59% | 0.07% | 0.00% | 0.00% |
QQQ Invesco QQQ ETF | 0.38% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Frequently Asked Questions
BCD and QQQ have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQ has higher volatility (4.49%) compared to BCD (4.33%). In terms of maximum drawdown, BCD dropped -29.81% vs QQQ's -82.97%.
On 5-year performance, QQQ leads with 17.97% vs 11.98% for BCD. On fees, QQQ is cheaper at 0.18% 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, QQQ has performed better with a 17.97% return vs 11.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQ is cheaper with a 0.18% expense ratio, compared with 0.29% for BCD.
BCD has the higher dividend yield at 14.29%, compared with 0.38% for QQQ.
BCD is categorized as Commodities, while QQQ is Nasdaq-100. They also come from different issuers: Aberdeen and Invesco. Their fees differ too: 0.29% for BCD and 0.18% for QQQ.
QQQ currently has the higher Sharpe Ratio (2.64 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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