CEW vs. BCI
CEW (WisdomTree Emerging Currency Strategy Fund) and BCI (abrdn Bloomberg All Commodity Strategy K-1 Free ETF) are both exchange-traded funds - CEW is a Currency fund actively managed by WisdomTree, while BCI is a Commodities fund tracking the Bloomberg Commodity Index Total Return. CEW is actively managed, while BCI is passively managed. Over the past 5 years, CEW returned 3.29%/yr vs 9.52%/yr for BCI. At a 0.32 correlation, their price movements are largely independent. CEW charges 0.55%/yr vs 0.26%/yr for BCI.
Performance
CEW vs. BCI - Performance Comparison
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Returns By Period
In the year-to-date period, CEW achieves a 2.22% return, which is significantly lower than BCI's 15.26% return.
CEW
- 1D
- -0.57%
- 1M
- -0.25%
- YTD
- 2.22%
- 6M
- 2.63%
- 1Y
- 7.46%
- 3Y*
- 6.46%
- 5Y*
- 3.29%
- 10Y*
- 2.45%
BCI
- 1D
- -1.23%
- 1M
- -9.78%
- YTD
- 15.26%
- 6M
- 13.54%
- 1Y
- 23.04%
- 3Y*
- 11.40%
- 5Y*
- 9.52%
- 10Y*
- —
CEW vs. BCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CEW WisdomTree Emerging Currency Strategy Fund | 2.22% | 14.48% | -0.99% | 9.06% | -1.65% | -6.62% | -0.04% | 4.78% | -5.09% | 5.48% |
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF | 15.26% | 15.07% | 5.47% | -8.79% | 15.09% | 26.18% | -2.77% | 7.06% | -11.21% | 3.81% |
Correlation
The correlation between CEW and BCI is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2017 | 0.32 |
The correlation between CEW and BCI shifts across timeframes, from -0.05 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CEW vs. BCI — Risk / Return Rank
CEW
BCI
CEW vs. BCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Currency Strategy Fund (CEW) 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.
| CEW | BCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 1.76 | +0.18 |
| Martin ratioReturn relative to average drawdown | 6.41 | 6.95 | -0.54 |
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Drawdowns
CEW vs. BCI - Drawdown Comparison
The maximum CEW drawdown since its inception was -27.89%, smaller than the maximum BCI drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for CEW and BCI.
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Drawdown Indicators
| CEW | BCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.89% | -32.69% | +4.80% |
Max Drawdown (1Y)Largest decline over 1 year | -3.85% | -13.12% | +9.27% |
Max Drawdown (3Y)Largest decline over 3 years | -5.28% | -13.12% | +7.84% |
Max Drawdown (5Y)Largest decline over 5 years | -13.68% | -26.50% | +12.82% |
Max Drawdown (10Y)Largest decline over 10 years | -17.72% | — | — |
Current DrawdownCurrent decline from peak | -1.57% | -13.12% | +11.55% |
Average DrawdownAverage peak-to-trough decline | -12.97% | -11.99% | -0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 3.34% | -2.17% |
Volatility
CEW vs. BCI - Volatility Comparison
The current volatility for WisdomTree Emerging Currency Strategy Fund (CEW) is 1.83%, while abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) has a volatility of 3.55%. This indicates that CEW experiences smaller price fluctuations and is considered to be less risky 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
| CEW | BCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 3.55% | -1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 5.27% | 14.98% | -9.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.38% | 17.20% | -10.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.87% | 16.79% | -9.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.00% | 15.65% | -8.65% |
CEW vs. BCI - Expense Ratio Comparison
CEW has a 0.55% expense ratio, which is higher than BCI's 0.26% expense ratio.
Dividends
CEW vs. BCI - Dividend Comparison
CEW's dividend yield for the trailing twelve months is around 2.42%, less than BCI's 14.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF | 14.30% | 16.49% | 3.29% | 3.93% | 19.98% | 19.43% | 0.68% | 1.47% | 1.13% | 5.02% |
CEW WisdomTree Emerging Currency Strategy Fund | 2.42% | 2.47% | 5.42% | 2.00% | 0.80% | 0.00% | 0.64% | 1.90% | 1.87% | 0.00% |
Frequently Asked Questions
CEW and BCI have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCI has higher volatility (3.55%) compared to CEW (1.83%). In terms of maximum drawdown, CEW dropped -27.89% vs BCI's -32.69%.
On 5-year performance, BCI leads with 9.52% vs 3.29% for CEW. On fees, BCI is cheaper at 0.26% per year. On volatility, CEW has been the lower-risk option at 1.83%. 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 9.52% return vs 3.29%. 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 0.55% for CEW.
BCI has the higher dividend yield at 14.30%, compared with 2.42% for CEW.
CEW is categorized as Currency, while BCI is Commodities. They also come from different issuers: WisdomTree and Aberdeen. Their fees differ too: 0.55% for CEW and 0.26% for BCI.
BCI currently has the higher Sharpe Ratio (1.36 vs 1.17), 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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