DBC vs. BCD
Compare and contrast key facts about Invesco DB Commodity Index Tracking Fund (DBC) and abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD).
DBC and BCD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DBC is a passively managed fund by Invesco that tracks the performance of the DBIQ Optimum Yield Diversified Commodity Index Excess Return. It was launched on Feb 3, 2006. 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: DBC or BCD.
Key characteristics
| DBC | BCD | |
|---|---|---|
| YTD Return | 5.90% | 5.88% |
| 1Y Return | 4.83% | 3.80% |
| 3Y Return (Ann) | 11.24% | 10.05% |
| 5Y Return (Ann) | 9.58% | 10.68% |
| Sharpe Ratio | 0.28 | 0.26 |
| Daily Std Dev | 14.17% | 12.27% |
| Max Drawdown | -76.36% | -29.79% |
| Current Drawdown | -44.55% | -15.71% |
Correlation
The correlation between DBC and BCD is 0.77, 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
DBC vs. BCD - Performance Comparison
The year-to-date returns for both stocks are quite close, with DBC having a 5.90% return and BCD slightly lower at 5.88%. 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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DBC vs. BCD - Expense Ratio Comparison
DBC has a 0.85% expense ratio, which is higher than BCD's 0.29% expense ratio.
Risk-Adjusted Performance
DBC vs. BCD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Commodity Index Tracking Fund (DBC) 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
DBC vs. BCD - Dividend Comparison
DBC's dividend yield for the trailing twelve months is around 4.67%, more than BCD's 4.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
DBC Invesco DB Commodity Index Tracking Fund | 4.67% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% | 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
DBC vs. BCD - Drawdown Comparison
The maximum DBC drawdown since its inception was -76.36%, which is greater than BCD's maximum drawdown of -29.79%. Use the drawdown chart below to compare losses from any high point for DBC and BCD. For additional features, visit the drawdowns tool.
Volatility
DBC vs. BCD - Volatility Comparison
Invesco DB Commodity Index Tracking Fund (DBC) and abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) have volatilities of 2.90% and 2.85%, 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.