BCI vs. KMLM
Compare and contrast key facts about abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) and KFA Mount Lucas Index Strategy ETF (KMLM).
BCI and KMLM 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. KMLM is an actively managed fund by CICC. It was launched on Dec 2, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BCI or KMLM.
Key characteristics
| BCI | KMLM | |
|---|---|---|
| YTD Return | 4.60% | 2.95% |
| 1Y Return | 4.92% | -4.78% |
| 3Y Return (Ann) | 5.86% | 5.59% |
| Sharpe Ratio | 0.42 | -0.42 |
| Daily Std Dev | 12.47% | 11.84% |
| Max Drawdown | -32.69% | -24.15% |
| Current Drawdown | -20.27% | -19.94% |
Correlation
The correlation between BCI and KMLM is 0.17, 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.
Performance
BCI vs. KMLM - Performance Comparison
In the year-to-date period, BCI achieves a 4.60% return, which is significantly higher than KMLM's 2.95% 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. KMLM - Expense Ratio Comparison
BCI has a 0.25% expense ratio, which is lower than KMLM's 0.90% expense ratio.
Risk-Adjusted Performance
BCI vs. KMLM - 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 KFA Mount Lucas Index Strategy ETF (KMLM). 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. KMLM - Dividend Comparison
BCI's dividend yield for the trailing twelve months is around 3.76%, while KMLM has not paid dividends to shareholders.
| 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% |
KMLM KFA Mount Lucas Index Strategy ETF | 0.00% | 0.00% | 8.12% | 6.94% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BCI vs. KMLM - Drawdown Comparison
The maximum BCI drawdown since its inception was -32.69%, which is greater than KMLM's maximum drawdown of -24.15%. Use the drawdown chart below to compare losses from any high point for BCI and KMLM. For additional features, visit the drawdowns tool.
Volatility
BCI vs. KMLM - Volatility Comparison
The current volatility for abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) is 2.73%, while KFA Mount Lucas Index Strategy ETF (KMLM) has a volatility of 4.23%. This indicates that BCI experiences smaller price fluctuations and is considered to be less risky than KMLM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.