BCI vs. ISCMF

Last updated Apr 1, 2026

Compare and contrast key facts about abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) and iShares Diversified Commodity Swap UCITS ETF (ISCMF).

BCI and ISCMF 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 Aberdeen. It was launched on Mar 30, 2017. ISCMF is a passively managed fund by iShares that tracks the performance of the Bloomberg Commodity Index. It was launched on Mar 4, 2022.

Performance

BCI vs. ISCMF - 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 iShares Diversified Commodity Swap UCITS ETF (ISCMF). The values are adjusted to include any dividend payments, if applicable.

BCI vs. ISCMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF	24.37%	15.07%	5.47%	-8.79%	-6.77%
ISCMF iShares Diversified Commodity Swap UCITS ETF	17.84%	19.65%	3.13%	-9.58%	-5.08%

Returns By Period

In the year-to-date period, BCI achieves a 24.37% return, which is significantly higher than ISCMF's 17.84% return.

BCI

• 1D: 0.04%
• 1M: 11.37%
• YTD: 24.37%
• 6M: 31.23%
• 1Y: 31.71%
• 3Y*: 13.50%
• 5Y*: 13.31%
• 10Y*: —

ISCMF

• 1D: 0.00%
• 1M: 7.22%
• YTD: 17.84%
• 6M: 26.76%
• 1Y: 29.86%
• 3Y*: 12.27%
• 5Y*: —
• 10Y*: —

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

BCI vs. ISCMF - Expense Ratio Comparison

BCI has a 0.25% expense ratio, which is higher than ISCMF's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

BCI

abrdn Bloomberg All Commodity Strategy K-1 Free ETF

ISCMF

iShares Diversified Commodity Swap UCITS ETF

Return for Risk

BCI vs. ISCMF — Risk / Return Rank

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

BCI

BCI Risk / Return Rank: 89
BCI Sharpe Ratio Rank: 89
BCI Sortino Ratio Rank: 89
BCI Omega Ratio Rank: 87
BCI Calmar Ratio Rank: 94
BCI Martin Ratio Rank: 86

ISCMF

ISCMF Risk / Return Rank: 94
ISCMF Sharpe Ratio Rank: 86
ISCMF Sortino Ratio Rank: 96
ISCMF Omega Ratio Rank: 99
ISCMF Calmar Ratio Rank: 97
ISCMF Martin Ratio Rank: 91

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. ISCMF - 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 iShares Diversified Commodity Swap UCITS ETF (ISCMF). 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	ISCMF	Difference
Sharpe ratio Return per unit of total volatility	1.87	1.79	+0.07
Sortino ratio Return per unit of downside risk	2.46	3.44	-0.98
Omega ratio Gain probability vs. loss probability	1.35	2.36	-1.01
Calmar ratio Return relative to maximum drawdown	3.52	5.25	-1.73
Martin ratio Return relative to average drawdown	9.71	12.38	-2.67
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. ISCMF - Sharpe Ratio Comparison

The current BCI Sharpe Ratio is 1.87, which is comparable to the ISCMF Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of BCI and ISCMF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BCI	ISCMF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.87	1.79	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.40	+0.07

Correlation

The correlation between BCI and ISCMF is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

BCI vs. ISCMF - Dividend Comparison

BCI's dividend yield for the trailing twelve months is around 13.26%, while ISCMF has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF	13.26%	16.49%	3.29%	3.93%	19.98%	19.43%	0.68%	1.47%	1.13%	5.02%
ISCMF iShares Diversified Commodity Swap UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

BCI vs. ISCMF - Drawdown Comparison

The maximum BCI drawdown since its inception was -32.69%, which is greater than ISCMF's maximum drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for BCI and ISCMF.

Drawdown Indicators

	BCI	ISCMF	Difference
Max Drawdown Largest peak-to-trough decline	-32.69%	-25.42%	-7.27%
Max Drawdown (1Y) Largest decline over 1 year	-9.28%	-5.69%	-3.59%
Max Drawdown (5Y) Largest decline over 5 years	-26.50%	—	—
Current Drawdown Current decline from peak	0.00%	-2.55%	+2.55%
Average Drawdown Average peak-to-trough decline	-12.19%	-13.98%	+1.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	2.41%	+0.96%

Volatility

BCI vs. ISCMF - Volatility Comparison

The current volatility for abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) is 7.07%, while iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a volatility of 9.72%. This indicates that BCI experiences smaller price fluctuations and is considered to be less risky than ISCMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BCI	ISCMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.07%	9.72%	-2.65%
Volatility (6M) Calculated over the trailing 6-month period	13.57%	13.85%	-0.28%
Volatility (1Y) Calculated over the trailing 1-year period	17.09%	16.72%	+0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.63%	14.05%	+2.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.57%	14.05%	+1.52%