BCD vs. QQQ
Compare and contrast key facts about abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) and Invesco QQQ (QQQ).
BCD and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BCD is an actively managed fund by Abrdn Plc. It was launched on Mar 30, 2017. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BCD or QQQ.
Key characteristics
| BCD | QQQ | |
|---|---|---|
| YTD Return | 6.86% | 2.41% |
| 1Y Return | 2.78% | 33.17% |
| 3Y Return (Ann) | 11.01% | 7.97% |
| 5Y Return (Ann) | 10.39% | 18.00% |
| Sharpe Ratio | 0.19 | 2.04 |
| Daily Std Dev | 12.25% | 16.36% |
| Max Drawdown | -29.79% | -82.98% |
| Current Drawdown | -14.93% | -6.17% |
Correlation
The correlation between BCD and QQQ is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BCD vs. QQQ - Performance Comparison
In the year-to-date period, BCD achieves a 6.86% return, which is significantly higher than QQQ's 2.41% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BCD vs. QQQ - Expense Ratio Comparison
BCD has a 0.29% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
BCD vs. QQQ - Risk-Adjusted Performance 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 (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.
Dividends
BCD vs. QQQ - Dividend Comparison
BCD's dividend yield for the trailing twelve months is around 4.22%, more than QQQ's 0.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCD abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF | 4.22% | 4.51% | 5.21% | 8.30% | 1.29% | 1.55% | 1.59% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.63% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
BCD vs. QQQ - Drawdown Comparison
The maximum BCD drawdown since its inception was -29.79%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for BCD and QQQ. For additional features, visit the drawdowns tool.
Volatility
BCD vs. QQQ - Volatility Comparison
The current volatility for abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) is 2.58%, while Invesco QQQ (QQQ) has a volatility of 4.48%. This indicates that BCD experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.