BCD vs. RLY
BCD (abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF) and RLY (State Street Multi-Asset Real Return ETF) are both exchange-traded funds - BCD is a Commodities fund tracking the Bloomberg Commodity Index 3 Month Forward Total Return, while RLY is a Global Allocation fund tracking the Bloomberg U.S. Government Inflation-Linked Bond Index. Both are passively managed. Over the past 5 years, BCD returned 10.65%/yr vs 10.48%/yr for RLY. Their 0.64 correlation means they have sometimes moved together and sometimes differently. BCD charges 0.30%/yr vs 0.50%/yr for RLY.
Performance
BCD vs. RLY - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with BCD having a 16.41% return and RLY slightly lower at 15.77%.
BCD
- 1D
- -0.06%
- 1M
- 5.50%
- 6M
- 7.33%
- YTD
- 16.41%
- 1Y
- 28.51%
- 3Y*
- 10.83%
- 5Y*
- 10.65%
- 10Y*
- —
- ALL TIME*
- 8.82%
RLY
- 1D
- -0.46%
- 1M
- 4.07%
- 6M
- 7.44%
- YTD
- 15.77%
- 1Y
- 27.64%
- 3Y*
- 12.72%
- 5Y*
- 10.48%
- 10Y*
- 8.27%
- ALL TIME*
- 4.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.39M | $1.55M | $2.26M | |
| $4.60M | $7.84M | $7.75M |
BCD vs. RLY - 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 | 16.41% | 15.71% | 6.20% | -7.58% | 18.38% | 31.87% | 4.76% | 7.34% | -8.65% | 3.83% |
RLY State Street Multi-Asset Real Return ETF | 15.77% | 20.26% | 2.53% | 2.56% | 7.86% | 22.85% | -0.59% | 15.63% | -11.72% | 10.00% |
Correlation
The correlation between BCD and RLY is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.68 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2017 | 0.64 |
The correlation between BCD and RLY has been stable across timeframes, ranging from 0.64 to 0.70 - a consistent structural relationship.
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Return for Risk
BCD vs. RLY — Risk / Return Rank
BCD
RLY
BCD vs. RLY - 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 State Street Multi-Asset Real Return ETF (RLY). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BCD | RLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.48 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 3.66 | -1.44 |
| Martin ratioReturn relative to average drawdown | 7.25 | 12.77 | -5.51 |
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Drawdowns
BCD vs. RLY - Drawdown Comparison
The maximum BCD drawdown since its inception was -29.81%, smaller than the maximum RLY drawdown of -37.75%. Use the drawdown chart below to compare losses from any high point for BCD and RLY.
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Drawdown Indicators
| BCD | RLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.81% | -37.75% | +7.94% |
Max Drawdown (1Y)Largest decline over 1 year | -12.70% | -7.54% | -5.16% |
Max Drawdown (3Y)Largest decline over 3 years | -12.70% | -10.08% | -2.62% |
Max Drawdown (5Y)Largest decline over 5 years | -23.03% | -18.94% | -4.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.17% | — |
Current DrawdownCurrent decline from peak | -6.83% | -2.74% | -4.09% |
Average DrawdownAverage peak-to-trough decline | -9.83% | -9.40% | -0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 2.16% | +1.72% |
Volatility
BCD vs. RLY - Volatility Comparison
abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) has a higher volatility of 3.93% compared to State Street Multi-Asset Real Return ETF (RLY) at 2.68%. This indicates that BCD's price experiences larger fluctuations and is considered to be riskier than RLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCD | RLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 2.68% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 11.95% | 8.44% | +3.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.22% | 10.60% | +3.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.36% | 13.46% | +1.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.91% | 13.80% | +0.11% |
BCD vs. RLY - Expense Ratio Comparison
BCD has a 0.30% expense ratio, which is lower than RLY's 0.50% expense ratio.
Dividends
BCD vs. RLY - Dividend Comparison
BCD's dividend yield for the trailing twelve months is around 14.79%, more than RLY's 3.06% 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 | 14.79% | 17.21% | 3.60% | 4.51% | 5.21% | 8.30% | 1.29% | 1.55% | 1.59% | 0.07% | 0.00% | 0.00% |
RLY State Street Multi-Asset Real Return ETF | 3.06% | 3.24% | 3.31% | 3.71% | 5.66% | 12.15% | 2.16% | 3.45% | 2.76% | 1.85% | 2.07% | 1.80% |
Frequently Asked Questions
BCD and RLY have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCD has higher volatility (3.93%) compared to RLY (2.68%). In terms of maximum drawdown, BCD dropped -29.81% vs RLY's -37.75%.
On 5-year performance, BCD leads with 10.65% vs 10.48% for RLY. On fees, BCD is cheaper at 0.30% per year. On volatility, RLY has been the lower-risk option at 2.68%. 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 10.65% return vs 10.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BCD is cheaper with a 0.30% expense ratio, compared with 0.50% for RLY.
BCD has the higher dividend yield at 14.79%, compared with 3.06% for RLY.
BCD is categorized as Commodities, while RLY is Global Allocation. BCD tracks Bloomberg Commodity Index 3 Month Forward Total Return, while RLY tracks Bloomberg U.S. Government Inflation-Linked Bond Index. They also come from different issuers: Aberdeen and State Street. Their fees differ too: 0.30% for BCD and 0.50% for RLY.
RLY currently has the higher Sharpe Ratio (2.61 vs 1.98), 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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