BDRY vs. BCI
BDRY (Breakwave Dry Bulk Shipping ETF) and BCI (abrdn Bloomberg All Commodity Strategy K-1 Free ETF) are both Commodities funds - BDRY tracks the Breakwave Dry Freight Futures Index while BCI tracks the Bloomberg Commodity Index Total Return. Both are passively managed. Over the past 5 years, BDRY returned -12.25%/yr vs 10.01%/yr for BCI. Their 0.05 correlation means their historical movements had little consistent relationship. BDRY charges 3.76%/yr vs 0.26%/yr for BCI.
Performance
BDRY vs. BCI - Performance Comparison
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Returns By Period
In the year-to-date period, BDRY achieves a 53.02% return, which is significantly higher than BCI's 22.53% return.
BDRY
- 1D
- 0.45%
- 1M
- 9.37%
- 6M
- 16.39%
- YTD
- 53.02%
- 1Y
- 79.89%
- 3Y*
- 39.44%
- 5Y*
- -12.25%
- 10Y*
- —
- ALL TIME*
- -7.35%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $33.67M | $55.32M | $39.13M | |
| $397.41K | $463.93K | $806.29K |
BDRY vs. BCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BDRY Breakwave Dry Bulk Shipping ETF | 53.02% | 44.24% | -47.40% | 25.79% | -68.84% | 282.99% | -50.16% | -15.92% | -27.66% |
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF | 22.53% | 15.07% | 5.47% | -8.79% | 15.09% | 26.18% | -2.77% | 7.06% | -11.06% |
Correlation
The correlation between BDRY and BCI is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.02 |
Correlation (3Y) Balances recent behavior with more history. | -0.02 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2018 | 0.05 |
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Return for Risk
BDRY vs. BCI — Risk / Return Rank
BDRY
BCI
BDRY vs. BCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Breakwave Dry Bulk Shipping ETF (BDRY) and abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI). 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.
| BDRY | BCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.35 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 2.37 | +1.42 |
| Martin ratioReturn relative to average drawdown | 10.30 | 7.60 | +2.70 |
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Drawdowns
BDRY vs. BCI - Drawdown Comparison
The maximum BDRY drawdown since its inception was -89.16%, which is greater than BCI's maximum drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for BDRY and BCI.
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Drawdown Indicators
| BDRY | BCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.16% | -32.69% | -56.47% |
Max Drawdown (1Y)Largest decline over 1 year | -21.60% | -14.82% | -6.78% |
Max Drawdown (3Y)Largest decline over 3 years | -69.71% | -14.82% | -54.89% |
Max Drawdown (5Y)Largest decline over 5 years | -89.16% | -26.50% | -62.66% |
Current DrawdownCurrent decline from peak | -67.67% | -7.64% | -60.03% |
Average DrawdownAverage peak-to-trough decline | -58.58% | -11.96% | -46.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.92% | 4.61% | +3.31% |
Volatility
BDRY vs. BCI - Volatility Comparison
Breakwave Dry Bulk Shipping ETF (BDRY) has a higher volatility of 10.70% compared to abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) at 5.02%. This indicates that BDRY's price experiences larger fluctuations and is considered to be riskier than BCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BDRY | BCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.70% | 5.02% | +5.68% |
Volatility (6M)Calculated over the trailing 6-month period | 28.10% | 15.08% | +13.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.11% | 17.55% | +22.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.80% | 16.85% | +42.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.13% | 15.68% | +46.45% |
BDRY vs. BCI - Expense Ratio Comparison
BDRY has a 3.76% expense ratio, which is higher than BCI's 0.26% expense ratio.
Dividends
BDRY vs. BCI - Dividend Comparison
BDRY has not paid dividends to shareholders, while BCI's dividend yield for the trailing twelve months is around 13.46%.
| 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% |
BDRY Breakwave Dry Bulk Shipping ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BDRY and BCI have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BDRY has higher volatility (10.70%) compared to BCI (5.02%). In terms of maximum drawdown, BDRY dropped -89.16% vs BCI's -32.69%.
On 5-year performance, BCI leads with 10.01% vs -12.25% for BDRY. On fees, BCI is cheaper at 0.26% per year. On volatility, BCI has been the lower-risk option at 5.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BCI has performed better with a 10.01% return vs -12.25%. 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 3.76% for BDRY.
BCI has the higher dividend yield at 13.46%, compared with 0.00% for BDRY.
BDRY tracks Breakwave Dry Freight Futures Index, while BCI tracks Bloomberg Commodity Index Total Return. They also come from different issuers: ETFMG and Aberdeen. Their fees differ too: 3.76% for BDRY and 0.26% for BCI.
BDRY currently has the higher Sharpe Ratio (2.06 vs 2.00), 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.
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