CCRV vs. BCD

Last updated Aug 4, 2026

CCRV (iShares Commodity Curve Carry Strategy ETF) and BCD (abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF) are both Commodities funds - CCRV tracks the CCRV-US - ICE BofA Commodity Enhanced Carry Index while BCD tracks the Bloomberg Commodity Index 3 Month Forward Total Return. Both are passively managed. Their 0.70 correlation means they have sometimes moved together and sometimes differently. CCRV charges 0.40%/yr vs 0.30%/yr for BCD.

Performance

CCRV vs. BCD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Commodity Curve Carry Strategy ETF (CCRV) and abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CCRV

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

BCD

• 1D: -0.42%
• 1M: 5.06%
• 6M: 11.29%
• YTD: 15.92%
• 1Y: 27.97%
• 3Y*: 10.85%
• 5Y*: 10.91%
• 10Y*: —
• ALL TIME*: 8.77%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BCD abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF	$1.71M	$1.62M	$2.21M

CCRV vs. BCD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CCRV iShares Commodity Curve Carry Strategy ETF	0.00%	-0.05%	5.74%	5.47%	19.91%	33.78%	7.16%
BCD abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF	15.92%	15.71%	6.20%	-7.58%	18.38%	31.87%	8.37%

Correlation

The correlation between CCRV and BCD is 0.00, 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.	0.00
Correlation (3Y) Balances recent behavior with more history.	0.55
Correlation (5Y) Shows whether the relationship held over a longer period.	0.68
Correlation (All Time) Calculated using the full available price history since Sep 3, 2020	0.70

Over the past year, the correlation between CCRV and BCD has dropped to 0.00 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.

Return for Risk

CCRV vs. BCD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CCRV

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

BCD

BCD Risk / Return Rank: 72
BCD Sharpe Ratio Rank: 83
BCD Sortino Ratio Rank: 79
BCD Omega Ratio Rank: 81
BCD Calmar Ratio Rank: 61
BCD Martin Ratio Rank: 58

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CCRV vs. BCD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Commodity Curve Carry Strategy ETF (CCRV) and abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD). 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.

	CCRV	BCD	Difference
Sharpe ratio: Return per unit of total volatility	—	1.98	—
Sortino ratio: Return per unit of downside risk	—	2.62	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	2.21	—
Martin ratio: Return relative to average drawdown	—	7.18	—

Drawdowns

Drawdown Indicators

	CCRV	BCD	Difference
Max Drawdown Largest peak-to-trough decline	—	-29.81%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-12.70%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.70%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.03%	—
Current Drawdown Current decline from peak	—	-7.22%	—
Average Drawdown Average peak-to-trough decline	—	-9.82%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.90%	—

Volatility

Volatility by Period

	CCRV	BCD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.99%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.43%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	14.24%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	15.36%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	13.91%	—

CCRV vs. BCD - Expense Ratio Comparison

CCRV has a 0.40% expense ratio, which is higher than BCD's 0.30% expense ratio.

Dividends

CCRV vs. BCD - Dividend Comparison

CCRV has not paid dividends to shareholders, while BCD's dividend yield for the trailing twelve months is around 14.85%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BCD abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF	14.85%	17.21%	3.60%	4.51%	5.21%	8.30%	1.29%	1.55%	1.59%	0.07%
CCRV iShares Commodity Curve Carry Strategy ETF	0.00%	0.00%	4.43%	7.26%	33.27%	26.22%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CCRV and BCD in my portfolio?

CCRV and BCD have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CCRV or BCD?

On fees, BCD 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, CCRV or BCD?

BCD is cheaper with a 0.30% expense ratio, compared with 0.40% for CCRV.

Which ETF pays a higher dividend yield, CCRV or BCD?

BCD has the higher dividend yield at 14.85%, compared with 0.00% for CCRV.

What is the main difference between CCRV and BCD?

CCRV tracks CCRV-US - ICE BofA Commodity Enhanced Carry Index, while BCD tracks Bloomberg Commodity Index 3 Month Forward Total Return. They also come from different issuers: iShares and Aberdeen. Their fees differ too: 0.40% for CCRV and 0.30% for BCD.