BCI vs. DBC
Compare and contrast key facts about abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) and Invesco DB Commodity Index Tracking Fund (DBC).
BCI and DBC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BCI is an actively managed fund by Abrdn Plc. It was launched on Mar 30, 2017. DBC is a passively managed fund by Invesco that tracks the performance of the DBIQ Optimum Yield Diversified Commodity Index Excess Return. It was launched on Feb 3, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BCI or DBC.
Key characteristics
| BCI | DBC | |
|---|---|---|
| YTD Return | 4.60% | 4.85% |
| 1Y Return | 4.92% | 7.14% |
| 3Y Return (Ann) | 5.86% | 9.89% |
| 5Y Return (Ann) | 6.72% | 9.33% |
| Sharpe Ratio | 0.42 | 0.54 |
| Daily Std Dev | 12.47% | 13.98% |
| Max Drawdown | -32.69% | -76.36% |
| Current Drawdown | -20.27% | -45.09% |
Correlation
The correlation between BCI and DBC is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BCI vs. DBC - Performance Comparison
In the year-to-date period, BCI achieves a 4.60% return, which is significantly lower than DBC's 4.85% 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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BCI vs. DBC - Expense Ratio Comparison
BCI has a 0.25% expense ratio, which is lower than DBC's 0.85% expense ratio.
Risk-Adjusted Performance
BCI vs. DBC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) and Invesco DB Commodity Index Tracking Fund (DBC). 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
BCI vs. DBC - Dividend Comparison
BCI's dividend yield for the trailing twelve months is around 3.76%, less than DBC's 4.71% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF | 3.76% | 3.93% | 19.98% | 19.43% | 0.68% | 1.47% | 1.13% | 5.02% |
DBC Invesco DB Commodity Index Tracking Fund | 4.71% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% | 0.00% |
Drawdowns
BCI vs. DBC - Drawdown Comparison
The maximum BCI drawdown since its inception was -32.69%, smaller than the maximum DBC drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for BCI and DBC. For additional features, visit the drawdowns tool.
Volatility
BCI vs. DBC - Volatility Comparison
abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) and Invesco DB Commodity Index Tracking Fund (DBC) have volatilities of 2.73% and 2.86%, 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.