BCI vs. TAXM
BCI (abrdn Bloomberg All Commodity Strategy K-1 Free ETF) and TAXM (BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents) are both exchange-traded funds - BCI is a Commodities fund tracking the Bloomberg Commodity Index Total Return, while TAXM is a Municipal Bonds fund actively managed by BondBloxx. BCI is passively managed, while TAXM is actively managed. Over the past year, BCI returned 35.51% vs 4.10% for TAXM. Their -0.20 correlation means they have often moved in opposite directions in the past. BCI charges 0.26%/yr vs 0.35%/yr for TAXM.
Performance
BCI vs. TAXM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BCI achieves a 22.53% return, which is significantly higher than TAXM's 0.14% return.
BCI
- 1D
- -0.21%
- 1M
- 7.31%
- 6M
- 10.17%
- YTD
- 22.53%
- 1Y
- 35.51%
- 3Y*
- 11.89%
- 5Y*
- 10.01%
- 10Y*
- —
- ALL TIME*
- 7.06%
TAXM
- 1D
- -0.13%
- 1M
- -1.61%
- 6M
- -0.49%
- YTD
- 0.14%
- 1Y
- 4.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $33.67M | $55.32M | $39.13M | |
| $158.92K | $254.95K | $177.53K |
BCI vs. TAXM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF | 22.53% | 8.33% |
TAXM BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents | 0.14% | 3.90% |
Correlation
The correlation between BCI and TAXM is -0.27, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.27 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025 | -0.20 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BCI vs. TAXM — Risk / Return Rank
BCI
TAXM
BCI vs. TAXM - 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 BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents (TAXM). 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 | TAXM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.33 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 1.71 | +0.66 |
| Martin ratioReturn relative to average drawdown | 7.60 | 5.40 | +2.20 |
Loading charts...
Drawdowns
BCI vs. TAXM - Drawdown Comparison
The maximum BCI drawdown since its inception was -32.69%, which is greater than TAXM's maximum drawdown of -3.10%. Use the drawdown chart below to compare losses from any high point for BCI and TAXM.
Loading charts...
Drawdown Indicators
| BCI | TAXM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.69% | -3.10% | -29.59% |
Max Drawdown (1Y)Largest decline over 1 year | -14.82% | -2.70% | -12.12% |
Max Drawdown (3Y)Largest decline over 3 years | -14.82% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.50% | — | — |
Current DrawdownCurrent decline from peak | -7.64% | -1.82% | -5.82% |
Average DrawdownAverage peak-to-trough decline | -11.96% | -0.72% | -11.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.61% | 0.85% | +3.76% |
Volatility
BCI vs. TAXM - Volatility Comparison
abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) has a higher volatility of 5.02% compared to BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents (TAXM) at 0.99%. This indicates that BCI's price experiences larger fluctuations and is considered to be riskier than TAXM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BCI | TAXM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.02% | 0.99% | +4.03% |
Volatility (6M)Calculated over the trailing 6-month period | 15.08% | 2.28% | +12.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.55% | 2.79% | +14.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.85% | 3.49% | +13.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.68% | 3.49% | +12.19% |
BCI vs. TAXM - Expense Ratio Comparison
BCI has a 0.26% expense ratio, which is lower than TAXM's 0.35% expense ratio.
Dividends
BCI vs. TAXM - Dividend Comparison
BCI's dividend yield for the trailing twelve months is around 13.46%, more than TAXM's 3.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF | 13.46% | 16.49% | 3.29% | 3.93% | 19.98% | 19.43% | 0.68% | 1.47% | 1.13% | 5.02% |
TAXM BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents | 3.01% | 2.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BCI and TAXM have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCI has higher volatility (5.02%) compared to TAXM (0.99%). In terms of maximum drawdown, BCI dropped -32.69% vs TAXM's -3.10%.
On 1-year performance, BCI leads with 35.51% vs 4.10% for TAXM. On fees, BCI is cheaper at 0.26% per year. On volatility, TAXM has been the lower-risk option at 0.99%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BCI has performed better with a 35.51% return vs 4.10%. 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 0.35% for TAXM.
BCI has the higher dividend yield at 13.46%, compared with 3.01% for TAXM.
BCI is categorized as Commodities, while TAXM is Municipal Bonds. They also come from different issuers: Aberdeen and BondBloxx. Their fees differ too: 0.26% for BCI and 0.35% for TAXM.
BCI currently has the higher Sharpe Ratio (2.00 vs 1.66), 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.
Find the right allocation for BCI and TAXM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer