EIAMX vs. BCI

Last updated Jun 3, 2026

EIAMX (Eaton Vance Multi-Asset Credit Fund) and BCI (abrdn Bloomberg All Commodity Strategy K-1 Free ETF) are both funds - EIAMX is a High Yield Bonds fund managed by Eaton Vance, while BCI is a Commodities fund actively managed by Aberdeen. Over the past 5 years, EIAMX returned 4.17%/yr vs 11.47%/yr for BCI. At a 0.18 correlation, their price movements are largely independent. EIAMX charges 0.71%/yr vs 0.25%/yr for BCI.

Performance

EIAMX vs. BCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Multi-Asset Credit Fund (EIAMX) and abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EIAMX achieves a 1.46% return, which is significantly lower than BCI's 26.83% return.

EIAMX

• 1D: 0.00%
• 1M: 0.54%
• YTD: 1.46%
• 6M: 1.91%
• 1Y: 5.54%
• 3Y*: 7.54%
• 5Y*: 4.17%
• 10Y*: 4.86%

BCI

• 1D: 0.53%
• 1M: -1.78%
• YTD: 26.83%
• 6M: 26.31%
• 1Y: 38.98%
• 3Y*: 16.01%
• 5Y*: 11.47%
• 10Y*: —

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

EIAMX vs. BCI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EIAMX Eaton Vance Multi-Asset Credit Fund	1.46%	6.31%	8.22%	9.93%	-6.18%	4.57%	1.89%	11.67%	-2.45%	7.72%
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF	26.83%	15.07%	5.47%	-8.79%	15.09%	26.18%	-2.77%	7.06%	-11.21%	2.94%

Correlation

The correlation between EIAMX and BCI is -0.06, 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	-0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (All Time) Calculated using the full available price history since Apr 3, 2017	0.18

The correlation between EIAMX and BCI shifts across timeframes, from -0.06 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.

Return for Risk

EIAMX vs. BCI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EIAMX

EIAMX Risk / Return Rank: 86
EIAMX Sharpe Ratio Rank: 61
EIAMX Sortino Ratio Rank: 95
EIAMX Omega Ratio Rank: 95
EIAMX Calmar Ratio Rank: 85
EIAMX Martin Ratio Rank: 91

BCI

BCI Risk / Return Rank: 73
BCI Sharpe Ratio Rank: 69
BCI Sortino Ratio Rank: 62
BCI Omega Ratio Rank: 69
BCI Calmar Ratio Rank: 90
BCI Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EIAMX vs. BCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Multi-Asset Credit Fund (EIAMX) 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.

	EIAMX	BCI	Difference
Sharpe ratio Return per unit of total volatility	2.30	2.32	-0.02
Sortino ratio Return per unit of downside risk	5.22	2.93	+2.28
Omega ratio Gain probability vs. loss probability	1.78	1.42	+0.37
Calmar ratio Return relative to maximum drawdown	4.04	5.52	-1.47
Martin ratio Return relative to average drawdown	19.02	14.29	+4.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EIAMX vs. BCI - Sharpe Ratio Comparison

The current EIAMX Sharpe Ratio is 2.30, which is comparable to the BCI Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of EIAMX and BCI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EIAMX	BCI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	2.32	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.31	0.69	+0.62
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.22	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.48	-0.25

Drawdowns

EIAMX vs. BCI - Drawdown Comparison

The maximum EIAMX drawdown since its inception was -43.35%, which is greater than BCI's maximum drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for EIAMX and BCI.

Drawdown Indicators

	EIAMX	BCI	Difference
Max Drawdown Largest peak-to-trough decline	-43.35%	-32.69%	-10.66%
Max Drawdown (1Y) Largest decline over 1 year	-1.52%	-7.61%	+6.09%
Max Drawdown (3Y) Largest decline over 3 years	-2.95%	-11.38%	+8.43%
Max Drawdown (5Y) Largest decline over 5 years	-10.02%	-26.50%	+16.48%
Max Drawdown (10Y) Largest decline over 10 years	-43.35%	—	—
Current Drawdown Current decline from peak	-8.87%	-4.40%	-4.47%
Average Drawdown Average peak-to-trough decline	-16.13%	-12.01%	-4.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.32%	2.94%	-2.62%

Volatility

EIAMX vs. BCI - Volatility Comparison

The current volatility for Eaton Vance Multi-Asset Credit Fund (EIAMX) is 0.62%, while abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) has a volatility of 5.33%. This indicates that EIAMX 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.

Volatility by Period

	EIAMX	BCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.62%	5.33%	-4.71%
Volatility (6M) Calculated over the trailing 6-month period	1.86%	14.81%	-12.95%
Volatility (1Y) Calculated over the trailing 1-year period	2.42%	17.04%	-14.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.20%	16.83%	-13.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.48%	15.65%	+6.83%

EIAMX vs. BCI - Expense Ratio Comparison

EIAMX has a 0.71% expense ratio, which is higher than BCI's 0.25% expense ratio.

Dividends

EIAMX vs. BCI - Dividend Comparison

EIAMX's dividend yield for the trailing twelve months is around 6.88%, less than BCI's 13.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF	13.00%	16.49%	3.29%	3.93%	19.98%	19.43%	0.68%	1.47%	1.13%	5.02%	0.00%	0.00%
EIAMX Eaton Vance Multi-Asset Credit Fund	6.88%	7.04%	7.35%	5.52%	5.46%	4.10%	4.46%	4.94%	2.41%	2.88%	3.15%	3.77%

Frequently Asked Questions

Can I hold both EIAMX and BCI in my portfolio?

EIAMX and BCI have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EIAMX or BCI?

BCI has higher volatility (5.33%) compared to EIAMX (0.62%). In terms of maximum drawdown, EIAMX dropped -43.35% vs BCI's -32.69%.

Which has better risk-adjusted returns?

BCI currently has the higher Sharpe Ratio (2.32 vs 2.30), 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.