BCI vs. EIAMX

Last updated Jun 4, 2026

BCI (abrdn Bloomberg All Commodity Strategy K-1 Free ETF) and EIAMX (Eaton Vance Multi-Asset Credit Fund) are both funds - BCI is a Commodities fund actively managed by Aberdeen, while EIAMX is a High Yield Bonds fund managed by Eaton Vance. Over the past 5 years, BCI returned 11.07%/yr vs 4.17%/yr for EIAMX. At a 0.18 correlation, their price movements are largely independent. BCI charges 0.25%/yr vs 0.71%/yr for EIAMX.

Performance

BCI vs. EIAMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) and Eaton Vance Multi-Asset Credit Fund (EIAMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BCI achieves a 26.68% return, which is significantly higher than EIAMX's 1.46% return.

BCI

• 1D: -0.12%
• 1M: -3.06%
• YTD: 26.68%
• 6M: 25.55%
• 1Y: 38.68%
• 3Y*: 15.96%
• 5Y*: 11.07%
• 10Y*: —

EIAMX

• 1D: 0.00%
• 1M: 0.54%
• YTD: 1.46%
• 6M: 1.81%
• 1Y: 5.54%
• 3Y*: 7.54%
• 5Y*: 4.17%
• 10Y*: 4.86%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BCI vs. EIAMX - 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%	2.94%
EIAMX Eaton Vance Multi-Asset Credit Fund	1.46%	6.31%	8.22%	9.93%	-6.18%	4.57%	1.89%	11.67%	-2.45%	7.72%

Correlation

The correlation between BCI and EIAMX is -0.06, 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	-0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (All Time) Calculated using the full available price history since Apr 3, 2017	0.18

The correlation between BCI and EIAMX shifts across timeframes, from -0.06 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BCI vs. EIAMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BCI

BCI Risk / Return Rank: 71
BCI Sharpe Ratio Rank: 68
BCI Sortino Ratio Rank: 61
BCI Omega Ratio Rank: 67
BCI Calmar Ratio Rank: 87
BCI Martin Ratio Rank: 70

EIAMX

EIAMX Risk / Return Rank: 84
EIAMX Sharpe Ratio Rank: 61
EIAMX Sortino Ratio Rank: 96
EIAMX Omega Ratio Rank: 95
EIAMX Calmar Ratio Rank: 80
EIAMX Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BCI vs. EIAMX - 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 Eaton Vance Multi-Asset Credit Fund (EIAMX). 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	EIAMX	Difference
Sharpe ratio: Return per unit of total volatility	2.30	2.30	0.00
Sortino ratio: Return per unit of downside risk	2.92	5.22	-2.30
Omega ratio: Gain probability vs. loss probability	1.41	1.78	-0.37
Calmar ratio: Return relative to maximum drawdown	5.10	3.65	+1.45
Martin ratio: Return relative to average drawdown	13.14	17.14	-4.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BCI vs. EIAMX - Sharpe Ratio Comparison

The current BCI Sharpe Ratio is 2.30, which is comparable to the EIAMX Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of BCI and EIAMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BCI	EIAMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	2.30	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	1.31	-0.65
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.22	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.23	+0.25

Drawdowns

BCI vs. EIAMX - Drawdown Comparison

The maximum BCI drawdown since its inception was -32.69%, smaller than the maximum EIAMX drawdown of -43.35%. Use the drawdown chart below to compare losses from any high point for BCI and EIAMX.

Drawdown Indicators

	BCI	EIAMX	Difference
Max Drawdown Largest peak-to-trough decline	-32.69%	-43.35%	+10.66%
Max Drawdown (1Y) Largest decline over 1 year	-7.61%	-1.52%	-6.09%
Max Drawdown (3Y) Largest decline over 3 years	-11.38%	-2.95%	-8.43%
Max Drawdown (5Y) Largest decline over 5 years	-26.50%	-10.02%	-16.48%
Max Drawdown (10Y) Largest decline over 10 years	—	-43.35%	—
Current Drawdown Current decline from peak	-4.52%	-8.87%	+4.35%
Average Drawdown Average peak-to-trough decline	-12.00%	-16.13%	+4.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	0.32%	+2.63%

Volatility

BCI vs. EIAMX - Volatility Comparison

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) has a higher volatility of 5.16% compared to Eaton Vance Multi-Asset Credit Fund (EIAMX) at 0.62%. This indicates that BCI's price experiences larger fluctuations and is considered to be riskier than EIAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BCI	EIAMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.16%	0.62%	+4.54%
Volatility (6M) Calculated over the trailing 6-month period	14.80%	1.78%	+13.02%
Volatility (1Y) Calculated over the trailing 1-year period	16.92%	2.42%	+14.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.82%	3.20%	+13.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.65%	22.48%	-6.83%

BCI vs. EIAMX - Expense Ratio Comparison

BCI has a 0.25% expense ratio, which is lower than EIAMX's 0.71% expense ratio.

Dividends

BCI vs. EIAMX - Dividend Comparison

BCI's dividend yield for the trailing twelve months is around 13.01%, more than EIAMX's 6.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%
EIAMX Eaton Vance Multi-Asset Credit Fund	6.88%	7.04%	7.35%	5.52%	5.46%	4.10%	4.46%	4.94%	2.41%	2.88%	3.15%	3.77%

Frequently Asked Questions

Can I hold both BCI and EIAMX in my portfolio?

BCI and EIAMX have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BCI or EIAMX?

BCI has higher volatility (5.16%) compared to EIAMX (0.62%). In terms of maximum drawdown, BCI dropped -32.69% vs EIAMX's -43.35%.

Which has better risk-adjusted returns?

EIAMX currently has the higher Sharpe Ratio (2.30 vs 2.30), 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.