BCI vs. COMB
BCI (abrdn Bloomberg All Commodity Strategy K-1 Free ETF) and COMB (GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF) are both Commodities funds. Both are actively managed. Over the past 5 years, BCI returned 11.07%/yr vs 11.27%/yr for COMB. Their correlation of 0.95 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
BCI vs. COMB - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with BCI having a 26.68% return and COMB slightly higher at 26.81%.
BCI
- 1D
- -0.12%
- 1M
- -3.06%
- YTD
- 26.68%
- 6M
- 25.55%
- 1Y
- 38.68%
- 3Y*
- 15.96%
- 5Y*
- 11.07%
- 10Y*
- —
COMB
- 1D
- 0.03%
- 1M
- -2.98%
- YTD
- 26.81%
- 6M
- 25.89%
- 1Y
- 38.86%
- 3Y*
- 16.31%
- 5Y*
- 11.27%
- 10Y*
- —
BCI vs. COMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF | 26.68% | 15.07% | 5.47% | -8.79% | 15.09% | 26.18% | -2.77% | 7.06% | -11.21% | 4.10% |
COMB GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF | 26.81% | 15.12% | 5.24% | -7.75% | 14.56% | 26.34% | -2.95% | 7.02% | -11.41% | 4.98% |
Correlation
The correlation between BCI and COMB is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since May 25, 2017 | 0.95 |
The correlation between BCI and COMB has been stable across timeframes, ranging from 0.95 to 0.99 - a consistent structural relationship.
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Return for Risk
BCI vs. COMB — Risk / Return Rank
BCI
COMB
BCI vs. COMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) and GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB). 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.
| BCI | COMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.41 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 5.10 | 5.08 | +0.03 |
| Martin ratioReturn relative to average drawdown | 13.14 | 13.24 | -0.10 |
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
| BCI | COMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 2.29 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.68 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.52 | -0.04 |
Drawdowns
BCI vs. COMB - Drawdown Comparison
The maximum BCI drawdown since its inception was -32.69%, roughly equal to the maximum COMB drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for BCI and COMB.
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Drawdown Indicators
| BCI | COMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.69% | -33.50% | +0.81% |
Max Drawdown (1Y)Largest decline over 1 year | -7.61% | -7.69% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -11.38% | -11.35% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -26.50% | -26.63% | +0.13% |
Current DrawdownCurrent decline from peak | -4.52% | -4.35% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -12.00% | -12.06% | +0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 2.94% | +0.01% |
Volatility
BCI vs. COMB - Volatility Comparison
abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) and GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) have volatilities of 5.16% and 5.14%, 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
| BCI | COMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 5.14% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 14.80% | 14.99% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.92% | 17.02% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.82% | 16.70% | +0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 15.13% | +0.52% |
BCI vs. COMB - Expense Ratio Comparison
Both BCI and COMB have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
BCI vs. COMB - Dividend Comparison
BCI's dividend yield for the trailing twelve months is around 13.01%, more than COMB's 7.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF | 13.01% | 16.49% | 3.29% | 3.93% | 19.98% | 19.43% | 0.68% | 1.47% | 1.13% | 5.02% |
COMB GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF | 7.14% | 9.05% | 2.48% | 6.57% | 30.85% | 15.83% | 0.07% | 1.48% | 0.97% | 0.20% |
Frequently Asked Questions
With a correlation of 0.99, BCI and COMB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BCI has higher volatility (5.16%) compared to COMB (5.14%). In terms of maximum drawdown, BCI dropped -32.69% vs COMB's -33.50%.
On 5-year performance, COMB leads with 11.27% vs 11.07% for BCI. Both ETFs have the same 0.25% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, COMB has performed better with a 11.27% return vs 11.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BCI and COMB have the same expense ratio: 0.25% per year.
BCI has the higher dividend yield at 13.01%, compared with 7.14% for COMB.
They also come from different issuers: Aberdeen and GraniteShares.
BCI currently has the higher Sharpe Ratio (2.30 vs 2.29), 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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