BCI vs. TMQ

Last updated Jun 4, 2026

BCI (abrdn Bloomberg All Commodity Strategy K-1 Free ETF) is Commodities fund actively managed by Aberdeen, while TMQ (Trilogy Metals Inc.) is a stock. Over the past 5 years, BCI returned 11.07%/yr vs 8.28%/yr for TMQ. At a 0.19 correlation, their price movements are largely independent.

Performance

BCI vs. TMQ - 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 Trilogy Metals Inc. (TMQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BCI achieves a 26.68% return, which is significantly higher than TMQ's 3.25% return.

BCI

• 1D: -0.12%
• 1M: -3.06%
• YTD: 26.68%
• 6M: 25.55%
• 1Y: 38.68%
• 3Y*: 15.96%
• 5Y*: 11.07%
• 10Y*: —

TMQ

• 1D: -6.90%
• 1M: 3.25%
• YTD: 3.25%
• 6M: -1.77%
• 1Y: 244.96%
• 3Y*: 105.93%
• 5Y*: 8.28%
• 10Y*: 24.56%

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

BCI vs. TMQ - 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%
TMQ Trilogy Metals Inc.	3.25%	271.55%	169.77%	-21.82%	-66.67%	-17.50%	-23.08%	50.29%	58.72%	98.18%

Correlation

The correlation between BCI and TMQ is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (All Time) Calculated using the full available price history since Apr 3, 2017	0.19

Return for Risk

BCI vs. TMQ — Risk / Return Rank

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

BCI

BCI Risk / Return Rank: 71
BCI Sharpe Ratio Rank: 68
BCI Sortino Ratio Rank: 61
BCI Omega Ratio Rank: 67
BCI Calmar Ratio Rank: 87
BCI Martin Ratio Rank: 70

TMQ

TMQ Risk / Return Rank: 85
TMQ Sharpe Ratio Rank: 72
TMQ Sortino Ratio Rank: 96
TMQ Omega Ratio Rank: 94
TMQ Calmar Ratio Rank: 85
TMQ Martin Ratio Rank: 76

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. TMQ - 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 Trilogy Metals Inc. (TMQ). 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	TMQ	Difference
Sharpe ratio: Return per unit of total volatility	2.30	1.05	+1.25
Sortino ratio: Return per unit of downside risk	2.92	4.46	-1.55
Omega ratio: Gain probability vs. loss probability	1.41	1.56	-0.15
Calmar ratio: Return relative to maximum drawdown	5.10	3.54	+1.56
Martin ratio: Return relative to average drawdown	13.14	5.29	+7.84
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. TMQ - Sharpe Ratio Comparison

The current BCI Sharpe Ratio is 2.30, which is higher than the TMQ Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of BCI and TMQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BCI	TMQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	1.05	+1.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.06	+0.60
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.24	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	-0.00	+0.48

Drawdowns

BCI vs. TMQ - Drawdown Comparison

The maximum BCI drawdown since its inception was -32.69%, smaller than the maximum TMQ drawdown of -96.55%. Use the drawdown chart below to compare losses from any high point for BCI and TMQ.

Drawdown Indicators

	BCI	TMQ	Difference
Max Drawdown Largest peak-to-trough decline	-32.69%	-96.55%	+63.86%
Max Drawdown (1Y) Largest decline over 1 year	-7.61%	-69.62%	+62.01%
Max Drawdown (3Y) Largest decline over 3 years	-11.38%	-69.62%	+58.24%
Max Drawdown (5Y) Largest decline over 5 years	-26.50%	-87.53%	+61.03%
Max Drawdown (10Y) Largest decline over 10 years	—	-88.01%	—
Current Drawdown Current decline from peak	-4.52%	-58.02%	+53.50%
Average Drawdown Average peak-to-trough decline	-12.00%	-71.96%	+59.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	46.49%	-43.54%

Volatility

BCI vs. TMQ - Volatility Comparison

The current volatility for abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) is 5.16%, while Trilogy Metals Inc. (TMQ) has a volatility of 20.71%. This indicates that BCI experiences smaller price fluctuations and is considered to be less risky than TMQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BCI	TMQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.16%	20.71%	-15.55%
Volatility (6M) Calculated over the trailing 6-month period	14.80%	57.61%	-42.81%
Volatility (1Y) Calculated over the trailing 1-year period	16.92%	234.96%	-218.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.82%	128.32%	-111.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.65%	101.06%	-85.41%

Dividends

BCI vs. TMQ - Dividend Comparison

BCI's dividend yield for the trailing twelve months is around 13.01%, while TMQ has not paid dividends to shareholders.

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%
TMQ Trilogy Metals Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BCI and TMQ in my portfolio?

BCI and TMQ have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BCI or TMQ?

TMQ has higher volatility (20.71%) compared to BCI (5.16%). In terms of maximum drawdown, BCI dropped -32.69% vs TMQ's -96.55%.

Which has better risk-adjusted returns?

BCI currently has the higher Sharpe Ratio (2.30 vs 1.05), 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.