Correlation
The correlation between BCIM and SETM is 0.25, 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.
BCIM vs. SETM
Compare and contrast key facts about abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM) and Sprott Energy Transition Materials ETF (SETM).
BCIM and SETM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BCIM is a passively managed fund by abrdn that tracks the performance of the Bloomberg Industrial Metals. It was launched on Sep 22, 2021. SETM is a passively managed fund by Sprott that tracks the performance of the Nasdaq Sprott Energy Transition Materials Select Index - AUD - Benchmark TR Gross. It was launched on Feb 1, 2023. Both BCIM and SETM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BCIM or SETM.
Performance
BCIM vs. SETM - Performance Comparison
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Key characteristics
BCIM:
-0.50
SETM:
-0.59
BCIM:
-0.74
SETM:
-0.79
BCIM:
0.91
SETM:
0.91
BCIM:
-0.29
SETM:
-0.55
BCIM:
-1.07
SETM:
-1.25
BCIM:
10.99%
SETM:
18.81%
BCIM:
19.34%
SETM:
37.21%
BCIM:
-43.36%
SETM:
-42.81%
BCIM:
-35.16%
SETM:
-26.58%
Returns By Period
In the year-to-date period, BCIM achieves a 2.26% return, which is significantly higher than SETM's -0.66% return.
BCIM
2.26%
1.80%
-0.59%
-9.48%
-4.87%
N/A
N/A
SETM
-0.66%
5.80%
-14.22%
-21.89%
N/A
N/A
N/A
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BCIM vs. SETM - Expense Ratio Comparison
BCIM has a 0.41% expense ratio, which is lower than SETM's 0.65% expense ratio.
Risk-Adjusted Performance
BCIM vs. SETM — Risk-Adjusted Performance Rank
BCIM
SETM
BCIM vs. SETM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM) and Sprott Energy Transition Materials ETF (SETM). 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.
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Dividends
BCIM vs. SETM - Dividend Comparison
BCIM's dividend yield for the trailing twelve months is around 11.22%, more than SETM's 2.07% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
BCIM abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF | 11.22% | 11.47% | 3.35% | 0.71% | 1.57% |
SETM Sprott Energy Transition Materials ETF | 2.07% | 2.06% | 2.47% | 0.00% | 0.00% |
Drawdowns
BCIM vs. SETM - Drawdown Comparison
The maximum BCIM drawdown since its inception was -43.36%, roughly equal to the maximum SETM drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for BCIM and SETM.
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Volatility
BCIM vs. SETM - Volatility Comparison
The current volatility for abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM) is 4.32%, while Sprott Energy Transition Materials ETF (SETM) has a volatility of 6.42%. This indicates that BCIM experiences smaller price fluctuations and is considered to be less risky than SETM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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