BCD vs. CCRV
Compare and contrast key facts about abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) and iShares Commodity Curve Carry Strategy ETF (CCRV).
BCD and CCRV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BCD is an actively managed fund by Abrdn Plc. It was launched on Mar 30, 2017. CCRV is a passively managed fund by iShares that tracks the performance of the CCRV-US - ICE BofA Commodity Enhanced Carry Index. It was launched on Sep 1, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BCD or CCRV.
Key characteristics
| BCD | CCRV | |
|---|---|---|
| YTD Return | 3.82% | 4.15% |
| 1Y Return | 0.64% | 0.75% |
| 3Y Return (Ann) | 3.79% | 9.50% |
| Sharpe Ratio | 0.17 | 0.15 |
| Sortino Ratio | 0.33 | 0.30 |
| Omega Ratio | 1.04 | 1.03 |
| Calmar Ratio | 0.10 | 0.17 |
| Martin Ratio | 0.43 | 0.50 |
| Ulcer Index | 5.05% | 4.24% |
| Daily Std Dev | 12.58% | 14.49% |
| Max Drawdown | -29.79% | -24.81% |
| Current Drawdown | -17.35% | -7.11% |
Correlation
The correlation between BCD and CCRV is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BCD vs. CCRV - Performance Comparison
In the year-to-date period, BCD achieves a 3.82% return, which is significantly lower than CCRV's 4.15% 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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BCD vs. CCRV - Expense Ratio Comparison
BCD has a 0.29% expense ratio, which is lower than CCRV's 0.40% expense ratio.
Risk-Adjusted Performance
BCD vs. CCRV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) and iShares Commodity Curve Carry Strategy ETF (CCRV). 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
BCD vs. CCRV - Dividend Comparison
BCD's dividend yield for the trailing twelve months is around 4.35%, less than CCRV's 6.97% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
BCD abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF | 4.35% | 4.51% | 5.21% | 8.30% | 1.29% | 1.56% | 1.59% | 0.07% |
CCRV iShares Commodity Curve Carry Strategy ETF | 6.97% | 7.26% | 33.27% | 26.22% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BCD vs. CCRV - Drawdown Comparison
The maximum BCD drawdown since its inception was -29.79%, which is greater than CCRV's maximum drawdown of -24.81%. Use the drawdown chart below to compare losses from any high point for BCD and CCRV. For additional features, visit the drawdowns tool.
Volatility
BCD vs. CCRV - Volatility Comparison
The current volatility for abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) is 3.48%, while iShares Commodity Curve Carry Strategy ETF (CCRV) has a volatility of 5.07%. This indicates that BCD experiences smaller price fluctuations and is considered to be less risky than CCRV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.