BCI vs. VOO

Last updated Jun 4, 2026

BCI (abrdn Bloomberg All Commodity Strategy K-1 Free ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - BCI is a Commodities fund actively managed by Aberdeen, while VOO is a S&P 500 fund tracking the S&P 500 Index. BCI is actively managed, while VOO is passively managed. Over the past 5 years, BCI returned 11.07%/yr vs 13.90%/yr for VOO. At a 0.25 correlation, their price movements are largely independent. BCI charges 0.25%/yr vs 0.03%/yr for VOO.

Performance

BCI vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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 VOO's 10.91% return.

BCI

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

VOO

• 1D: -0.70%
• 1M: 5.04%
• YTD: 10.91%
• 6M: 10.93%
• 1Y: 28.04%
• 3Y*: 22.44%
• 5Y*: 13.90%
• 10Y*: 15.56%

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

BCI vs. VOO - 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%
VOO Vanguard S&P 500 ETF	10.91%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	31.37%	-4.50%	15.02%

Correlation

The correlation between BCI and VOO 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	0.19
Correlation (All Time) Calculated using the full available price history since Apr 3, 2017	0.25

The correlation between BCI and VOO shifts across timeframes, from -0.09 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.

BCI vs. VOO - Sectors Allocation Comparison

Sectors	BCI	VOO
Financial Services	100.0%	11.6%
Basic Materials	-	1.8%
Communication Services	-	11.3%
Consumer Cyclical	-	10.2%
Consumer Defensive	-	4.9%
Energy	-	3.5%
Healthcare	-	8.5%
Industrials	-	8.3%
Real Estate	-	1.9%
Technology	-	35.7%
Utilities	-	2.4%

Return for Risk

BCI vs. VOO — 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

VOO

VOO Risk / Return Rank: 70
VOO Sharpe Ratio Rank: 71
VOO Sortino Ratio Rank: 70
VOO Omega Ratio Rank: 70
VOO Calmar Ratio Rank: 62
VOO Martin Ratio Rank: 75

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. VOO - 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 Vanguard S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe ratio: Return per unit of total volatility	2.30	2.39	-0.09
Sortino ratio: Return per unit of downside risk	2.92	3.25	-0.34
Omega ratio: Gain probability vs. loss probability	1.41	1.43	-0.02
Calmar ratio: Return relative to maximum drawdown	5.10	3.16	+1.94
Martin ratio: Return relative to average drawdown	13.14	14.73	-1.59
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. VOO - Sharpe Ratio Comparison

The current BCI Sharpe Ratio is 2.30, which is comparable to the VOO Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of BCI and VOO, 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	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	2.39	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.83	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.89	-0.41

Drawdowns

BCI vs. VOO - Drawdown Comparison

The maximum BCI drawdown since its inception was -32.69%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for BCI and VOO.

Drawdown Indicators

	BCI	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-32.69%	-33.99%	+1.30%
Max Drawdown (1Y) Largest decline over 1 year	-7.61%	-8.90%	+1.29%
Max Drawdown (3Y) Largest decline over 3 years	-11.38%	-18.69%	+7.31%
Max Drawdown (5Y) Largest decline over 5 years	-26.50%	-24.52%	-1.98%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-4.52%	-0.70%	-3.82%
Average Drawdown Average peak-to-trough decline	-12.00%	-3.69%	-8.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	1.91%	+1.04%

Volatility

BCI vs. VOO - Volatility Comparison

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) has a higher volatility of 5.16% compared to Vanguard S&P 500 ETF (VOO) at 2.84%. This indicates that BCI's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BCI	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.16%	2.84%	+2.32%
Volatility (6M) Calculated over the trailing 6-month period	14.80%	8.90%	+5.90%
Volatility (1Y) Calculated over the trailing 1-year period	16.92%	11.80%	+5.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.82%	16.81%	+0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.65%	18.01%	-2.36%

BCI vs. VOO - Expense Ratio Comparison

BCI has a 0.25% expense ratio, which is higher than VOO's 0.03% 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%.

Dividends

BCI vs. VOO - Dividend Comparison

BCI's dividend yield for the trailing twelve months is around 13.01%, more than VOO's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.03%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both BCI and VOO in my portfolio?

BCI and VOO 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 VOO?

BCI has higher volatility (5.16%) compared to VOO (2.84%). In terms of maximum drawdown, BCI dropped -32.69% vs VOO's -33.99%.

Which ETF is better, BCI or VOO?

On 5-year performance, VOO leads with 13.90% vs 11.07% for BCI. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 2.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BCI or VOO?

Over the 5-year period, VOO has performed better with a 13.90% return vs 11.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BCI or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.25% for BCI.

Which ETF pays a higher dividend yield, BCI or VOO?

BCI has the higher dividend yield at 13.01%, compared with 1.03% for VOO.

What is the main difference between BCI and VOO?

BCI is categorized as Commodities, while VOO is S&P 500. They also come from different issuers: Aberdeen and Vanguard. Their fees differ too: 0.25% for BCI and 0.03% for VOO.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (2.39 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.