CMDY vs. BCD
Compare and contrast key facts about iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) and abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD).
CMDY and BCD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CMDY is a passively managed fund by iShares that tracks the performance of the Bloomberg Roll Select Commodity Total Return Index. It was launched on Apr 3, 2018. BCD is an actively managed fund by Abrdn Plc. It was launched on Mar 30, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CMDY or BCD.
Key characteristics
| CMDY | BCD | |
|---|---|---|
| YTD Return | 4.45% | 5.98% |
| 1Y Return | 3.36% | 5.85% |
| 3Y Return (Ann) | 5.56% | 9.43% |
| 5Y Return (Ann) | 7.20% | 10.65% |
| Sharpe Ratio | 0.34 | 0.49 |
| Daily Std Dev | 10.71% | 12.21% |
| Max Drawdown | -31.20% | -29.79% |
| Current Drawdown | -20.63% | -15.64% |
Correlation
The correlation between CMDY and BCD is 0.87, 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
CMDY vs. BCD - Performance Comparison
In the year-to-date period, CMDY achieves a 4.45% return, which is significantly lower than BCD's 5.98% 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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CMDY vs. BCD - Expense Ratio Comparison
CMDY has a 0.28% expense ratio, which is lower than BCD's 0.29% expense ratio.
Risk-Adjusted Performance
CMDY vs. BCD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) 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.
Dividends
CMDY vs. BCD - Dividend Comparison
CMDY's dividend yield for the trailing twelve months is around 4.88%, more than BCD's 4.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 4.88% | 5.10% | 3.98% | 16.09% | 0.15% | 2.21% | 1.73% | 0.00% |
BCD abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF | 4.26% | 4.51% | 5.21% | 8.30% | 1.29% | 1.55% | 1.59% | 0.07% |
Drawdowns
CMDY vs. BCD - Drawdown Comparison
The maximum CMDY drawdown since its inception was -31.20%, roughly equal to the maximum BCD drawdown of -29.79%. Use the drawdown chart below to compare losses from any high point for CMDY and BCD. For additional features, visit the drawdowns tool.
Volatility
CMDY vs. BCD - Volatility Comparison
iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) and abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) have volatilities of 2.59% and 2.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.