BCI vs. FTGC
BCI (abrdn Bloomberg All Commodity Strategy K-1 Free ETF) and FTGC (First Trust Global Tactical Commodity Strategy Fund) are both Commodities funds. Both are actively managed. Over the past 5 years, BCI returned 11.07%/yr vs 13.08%/yr for FTGC. Their correlation of 0.89 suggests significant overlap in exposure. BCI charges 0.25%/yr vs 0.95%/yr for FTGC.
Performance
BCI vs. FTGC - 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 FTGC slightly higher at 27.15%.
BCI
- 1D
- -0.12%
- 1M
- -3.06%
- YTD
- 26.68%
- 6M
- 25.55%
- 1Y
- 38.68%
- 3Y*
- 15.96%
- 5Y*
- 11.07%
- 10Y*
- —
FTGC
- 1D
- -0.44%
- 1M
- -2.63%
- YTD
- 27.15%
- 6M
- 26.06%
- 1Y
- 41.32%
- 3Y*
- 18.13%
- 5Y*
- 13.08%
- 10Y*
- 7.77%
BCI vs. FTGC - 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% |
FTGC First Trust Global Tactical Commodity Strategy Fund | 27.15% | 14.61% | 9.96% | -5.36% | 17.36% | 27.95% | 2.17% | 6.40% | -12.75% | 3.54% |
Correlation
The correlation between BCI and FTGC is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2017 | 0.89 |
The correlation between BCI and FTGC has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.
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Return for Risk
BCI vs. FTGC — Risk / Return Rank
BCI
FTGC
BCI vs. FTGC - 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 Global Tactical Commodity Strategy Fund (FTGC). 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 | FTGC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.47 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 5.10 | 5.25 | -0.15 |
| Martin ratioReturn relative to average drawdown | 13.14 | 17.39 | -4.25 |
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 | FTGC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 2.66 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.82 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.24 | +0.24 |
Drawdowns
BCI vs. FTGC - Drawdown Comparison
The maximum BCI drawdown since its inception was -32.69%, smaller than the maximum FTGC drawdown of -59.47%. Use the drawdown chart below to compare losses from any high point for BCI and FTGC.
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Drawdown Indicators
| BCI | FTGC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.69% | -59.47% | +26.78% |
Max Drawdown (1Y)Largest decline over 1 year | -7.61% | -7.91% | +0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -11.38% | -10.39% | -0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -26.50% | -22.64% | -3.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.91% | — |
Current DrawdownCurrent decline from peak | -4.52% | -4.65% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -12.00% | -27.42% | +15.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 2.38% | +0.57% |
Volatility
BCI vs. FTGC - Volatility Comparison
abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) has a higher volatility of 5.16% compared to First Trust Global Tactical Commodity Strategy Fund (FTGC) at 4.50%. This indicates that BCI's price experiences larger fluctuations and is considered to be riskier than FTGC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCI | FTGC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 4.50% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 14.80% | 13.15% | +1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.92% | 15.59% | +1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.82% | 16.00% | +0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 14.71% | +0.94% |
BCI vs. FTGC - Expense Ratio Comparison
BCI has a 0.25% expense ratio, which is lower than FTGC's 0.95% expense ratio.
Dividends
BCI vs. FTGC - Dividend Comparison
BCI's dividend yield for the trailing twelve months is around 13.01%, less than FTGC's 15.08% 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% |
FTGC First Trust Global Tactical Commodity Strategy Fund | 15.08% | 17.74% | 3.05% | 3.34% | 10.35% | 7.21% | 0.00% | 0.81% | 0.80% | 1.21% |
Frequently Asked Questions
With a correlation of 0.94, BCI and FTGC 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 FTGC (4.50%). In terms of maximum drawdown, BCI dropped -32.69% vs FTGC's -59.47%.
On 5-year performance, FTGC leads with 13.08% vs 11.07% for BCI. On fees, BCI is cheaper at 0.25% per year. On volatility, FTGC has been the lower-risk option at 4.50%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FTGC has performed better with a 13.08% return vs 11.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BCI is cheaper with a 0.25% expense ratio, compared with 0.95% for FTGC.
FTGC has the higher dividend yield at 15.08%, compared with 13.01% for BCI.
They also come from different issuers: Aberdeen and First Trust. Their fees differ too: 0.25% for BCI and 0.95% for FTGC.
FTGC currently has the higher Sharpe Ratio (2.66 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.
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