BCI vs. FAAR
BCI (abrdn Bloomberg All Commodity Strategy K-1 Free ETF) and FAAR (First Trust Alternative Absolute Return Strategy ETF) are both Commodities funds. BCI is passively managed, while FAAR is actively managed. Over the past 5 years, BCI returned 9.82%/yr vs 7.89%/yr for FAAR. At a 0.43 correlation, their price movements are largely independent. BCI charges 0.26%/yr vs 0.95%/yr for FAAR.
Performance
BCI vs. FAAR - Performance Comparison
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Returns By Period
In the year-to-date period, BCI achieves a 16.69% return, which is significantly lower than FAAR's 20.23% return.
BCI
- 1D
- -0.65%
- 1M
- -8.66%
- YTD
- 16.69%
- 6M
- 16.52%
- 1Y
- 22.05%
- 3Y*
- 11.86%
- 5Y*
- 9.82%
- 10Y*
- —
FAAR
- 1D
- -0.05%
- 1M
- -4.34%
- YTD
- 20.23%
- 6M
- 19.92%
- 1Y
- 26.86%
- 3Y*
- 10.91%
- 5Y*
- 7.89%
- 10Y*
- 4.79%
BCI vs. FAAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF | 16.69% | 15.07% | 5.47% | -8.79% | 15.09% | 26.18% | -2.77% | 7.06% | -11.21% | 3.81% |
FAAR First Trust Alternative Absolute Return Strategy ETF | 20.23% | 8.07% | 5.97% | -5.63% | 10.15% | 12.34% | 8.60% | -1.28% | -9.17% | 3.99% |
Correlation
The correlation between BCI and FAAR is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2017 | 0.43 |
Over the past year, BCI and FAAR have become more correlated (0.70) than their long-term average of 0.43, meaning their price movements have been converging.
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Return for Risk
BCI vs. FAAR — Risk / Return Rank
BCI
FAAR
BCI vs. FAAR - 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 First Trust Alternative Absolute Return Strategy ETF (FAAR). 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.
| BCI | FAAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.35 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 4.75 | -2.91 |
| Martin ratioReturn relative to average drawdown | 6.82 | 14.70 | -7.88 |
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Drawdowns
BCI vs. FAAR - Drawdown Comparison
The maximum BCI drawdown since its inception was -32.69%, which is greater than FAAR's maximum drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for BCI and FAAR.
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Drawdown Indicators
| BCI | FAAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.69% | -18.03% | -14.66% |
Max Drawdown (1Y)Largest decline over 1 year | -12.04% | -5.68% | -6.36% |
Max Drawdown (3Y)Largest decline over 3 years | -12.04% | -11.54% | -0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -26.50% | -18.03% | -8.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.03% | — |
Current DrawdownCurrent decline from peak | -12.04% | -5.43% | -6.61% |
Average DrawdownAverage peak-to-trough decline | -11.98% | -7.82% | -4.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 1.89% | +1.67% |
Volatility
BCI vs. FAAR - Volatility Comparison
abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) has a higher volatility of 3.49% compared to First Trust Alternative Absolute Return Strategy ETF (FAAR) at 2.47%. This indicates that BCI's price experiences larger fluctuations and is considered to be riskier than FAAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCI | FAAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.49% | 2.47% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 14.94% | 9.68% | +5.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.18% | 13.37% | +3.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.79% | 12.95% | +3.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 11.53% | +4.12% |
BCI vs. FAAR - Expense Ratio Comparison
BCI has a 0.26% expense ratio, which is lower than FAAR's 0.95% expense ratio.
Dividends
BCI vs. FAAR - Dividend Comparison
BCI's dividend yield for the trailing twelve months is around 14.13%, more than FAAR's 9.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF | 14.13% | 16.49% | 3.29% | 3.93% | 19.98% | 19.43% | 0.68% | 1.47% | 1.13% | 5.02% |
FAAR First Trust Alternative Absolute Return Strategy ETF | 9.57% | 11.63% | 3.45% | 3.20% | 5.82% | 6.49% | 3.05% | 1.02% | 0.58% | 2.83% |
Frequently Asked Questions
BCI and FAAR 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.
BCI has higher volatility (3.49%) compared to FAAR (2.47%). In terms of maximum drawdown, BCI dropped -32.69% vs FAAR's -18.03%.
On 5-year performance, BCI leads with 9.82% vs 7.89% for FAAR. On fees, BCI is cheaper at 0.26% per year. On volatility, FAAR has been the lower-risk option at 2.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BCI has performed better with a 9.82% return vs 7.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BCI is cheaper with a 0.26% expense ratio, compared with 0.95% for FAAR.
BCI has the higher dividend yield at 14.13%, compared with 9.57% for FAAR.
They also come from different issuers: Aberdeen and First Trust. Their fees differ too: 0.26% for BCI and 0.95% for FAAR.
FAAR currently has the higher Sharpe Ratio (2.02 vs 1.29), 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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