BCIM vs. SIVR

Last updated Jun 4, 2026

BCIM (abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF) and SIVR (abrdn Physical Silver Shares ETF) are both exchange-traded funds - BCIM is a Metals fund tracking the Bloomberg Industrial Metals, while SIVR is a Silver fund tracking the LBMA Silver Price ($/ozt). Both are passively managed. At a 0.39 correlation, their price movements are largely independent. BCIM charges 0.41%/yr vs 0.30%/yr for SIVR.

Performance

BCIM vs. SIVR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM) and abrdn Physical Silver Shares ETF (SIVR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BCIM

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SIVR

• 1D: -2.62%
• 1M: 0.42%
• YTD: 2.85%
• 6M: 24.90%
• 1Y: 110.95%
• 3Y*: 45.38%
• 5Y*: 21.00%
• 10Y*: 15.77%

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

BCIM vs. SIVR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BCIM abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF	0.00%	10.71%	3.30%	-9.68%	-3.29%	4.17%
SIVR abrdn Physical Silver Shares ETF	2.85%	145.34%	21.08%	-0.91%	2.59%	2.94%

Correlation

The correlation between BCIM and SIVR is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (All Time) Calculated using the full available price history since Sep 24, 2021	0.39

Over the past year, the correlation between BCIM and SIVR has dropped to 0.11 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.

Return for Risk

BCIM vs. SIVR — Risk / Return Rank

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

SIVR

SIVR Risk / Return Rank: 48
SIVR Sharpe Ratio Rank: 54
SIVR Sortino Ratio Rank: 39
SIVR Omega Ratio Rank: 56
SIVR Calmar Ratio Rank: 52
SIVR Martin Ratio Rank: 36

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.

BCIM vs. SIVR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM) and abrdn Physical Silver Shares ETF (SIVR). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BCIM	SIVR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.90	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.32	—

Drawdowns

Drawdown Indicators

	BCIM	SIVR	Difference
Max Drawdown Largest peak-to-trough decline	—	-75.85%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-42.42%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-42.42%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-42.42%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.42%	—
Current Drawdown Current decline from peak	—	-37.25%	—
Average Drawdown Average peak-to-trough decline	—	-47.85%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	19.64%	—

Volatility

Volatility by Period

	BCIM	SIVR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	16.28%	—
Volatility (6M) Calculated over the trailing 6-month period	—	58.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	58.84%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	36.17%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	31.87%	—

BCIM vs. SIVR - Expense Ratio Comparison

BCIM has a 0.41% expense ratio, which is higher than SIVR's 0.30% expense ratio.

Dividends

BCIM vs. SIVR - Dividend Comparison

BCIM's dividend yield for the trailing twelve months is around 3.77%, while SIVR has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
BCIM abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF	3.77%	3.77%	11.47%	3.36%	0.72%	1.57%
SIVR abrdn Physical Silver Shares ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BCIM and SIVR in my portfolio?

BCIM and SIVR have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BCIM or SIVR?

On fees, SIVR is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BCIM or SIVR?

SIVR is cheaper with a 0.30% expense ratio, compared with 0.41% for BCIM.

Which ETF pays a higher dividend yield, BCIM or SIVR?

BCIM has the higher dividend yield at 3.77%, compared with 0.00% for SIVR.

What is the main difference between BCIM and SIVR?

BCIM is categorized as Metals, while SIVR is Silver. BCIM tracks Bloomberg Industrial Metals, while SIVR tracks LBMA Silver Price ($/ozt). They also come from different issuers: Aberdeen and abrdn. Their fees differ too: 0.41% for BCIM and 0.30% for SIVR.