BICSX vs. HARD
Compare and contrast key facts about BlackRock Commodity Strategies Portfolio (BICSX) and Simplify Commodities Strategy No K-1 ETF (HARD).
BICSX is managed by Blackrock. It was launched on Oct 2, 2011. HARD is an actively managed fund by Simplify. It was launched on Mar 27, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BICSX or HARD.
Key characteristics
| BICSX | HARD | |
|---|---|---|
| YTD Return | 8.47% | 6.13% |
| 1Y Return | 11.07% | 4.44% |
| Sharpe Ratio | 0.89 | 0.31 |
| Sortino Ratio | 1.29 | 0.54 |
| Omega Ratio | 1.16 | 1.06 |
| Calmar Ratio | 0.52 | 0.33 |
| Martin Ratio | 2.92 | 0.80 |
| Ulcer Index | 3.74% | 4.84% |
| Daily Std Dev | 12.35% | 12.48% |
| Max Drawdown | -51.56% | -11.78% |
| Current Drawdown | -9.18% | -7.16% |
Correlation
The correlation between BICSX and HARD is 0.28, 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.
Performance
BICSX vs. HARD - Performance Comparison
In the year-to-date period, BICSX achieves a 8.47% return, which is significantly higher than HARD's 6.13% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BICSX vs. HARD - Expense Ratio Comparison
BICSX has a 0.72% expense ratio, which is lower than HARD's 0.75% expense ratio.
Risk-Adjusted Performance
BICSX vs. HARD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Commodity Strategies Portfolio (BICSX) and Simplify Commodities Strategy No K-1 ETF (HARD). 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.
Dividends
BICSX vs. HARD - Dividend Comparison
BICSX's dividend yield for the trailing twelve months is around 3.62%, more than HARD's 3.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
BICSX BlackRock Commodity Strategies Portfolio | 3.62% | 9.38% | 9.05% | 2.68% | 0.80% | 2.04% | 2.12% | 0.65% | 0.94% | 0.00% | 0.02% |
HARD Simplify Commodities Strategy No K-1 ETF | 3.54% | 1.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BICSX vs. HARD - Drawdown Comparison
The maximum BICSX drawdown since its inception was -51.56%, which is greater than HARD's maximum drawdown of -11.78%. Use the drawdown chart below to compare losses from any high point for BICSX and HARD. For additional features, visit the drawdowns tool.
Volatility
BICSX vs. HARD - Volatility Comparison
The current volatility for BlackRock Commodity Strategies Portfolio (BICSX) is 3.21%, while Simplify Commodities Strategy No K-1 ETF (HARD) has a volatility of 6.22%. This indicates that BICSX experiences smaller price fluctuations and is considered to be less risky than HARD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.