ESN vs. BCI

Last updated Jun 6, 2026

ESN (Essential 40 Stock ETF) and BCI (abrdn Bloomberg All Commodity Strategy K-1 Free ETF) are both exchange-traded funds - ESN is a Large Cap Blend Equities fund tracking the Essential 40 Stock Index, while BCI is a Commodities fund actively managed by Aberdeen. ESN is passively managed, while BCI is actively managed. Over the past year, ESN returned 26.33% vs 33.46% for BCI. At a 0.06 correlation, their price movements are largely independent. ESN charges 0.70%/yr vs 0.25%/yr for BCI.

Performance

ESN vs. BCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Essential 40 Stock ETF (ESN) 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, ESN achieves a 13.17% return, which is significantly lower than BCI's 22.38% return.

ESN

• 1D: -1.55%
• 1M: 2.19%
• YTD: 13.17%
• 6M: 13.13%
• 1Y: 26.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BCI

• 1D: -2.37%
• 1M: -3.71%
• YTD: 22.38%
• 6M: 20.09%
• 1Y: 33.46%
• 3Y*: 14.50%
• 5Y*: 10.31%
• 10Y*: —

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

ESN vs. BCI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ESN Essential 40 Stock ETF	13.17%	16.52%	-2.98%
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF	22.38%	15.07%	1.18%

Correlation

The correlation between ESN and BCI is 0.00, 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	0.00
Correlation (All Time) Calculated using the full available price history since Oct 22, 2024	0.06

Return for Risk

ESN vs. BCI — Risk / Return Rank

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

ESN

ESN Risk / Return Rank: 84
ESN Sharpe Ratio Rank: 86
ESN Sortino Ratio Rank: 87
ESN Omega Ratio Rank: 81
ESN Calmar Ratio Rank: 82
ESN Martin Ratio Rank: 84

BCI

BCI Risk / Return Rank: 64
BCI Sharpe Ratio Rank: 60
BCI Sortino Ratio Rank: 54
BCI Omega Ratio Rank: 59
BCI Calmar Ratio Rank: 83
BCI Martin Ratio Rank: 63

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.

ESN vs. BCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Essential 40 Stock ETF (ESN) 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.

	ESN	BCI	Difference
Sharpe ratio: Return per unit of total volatility	2.67	1.96	+0.71
Sortino ratio: Return per unit of downside risk	3.71	2.53	+1.18
Omega ratio: Gain probability vs. loss probability	1.46	1.35	+0.10
Calmar ratio: Return relative to maximum drawdown	4.12	4.33	-0.21
Martin ratio: Return relative to average drawdown	16.39	11.14	+5.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESN vs. BCI - Sharpe Ratio Comparison

The current ESN Sharpe Ratio is 2.67, which is higher than the BCI Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of ESN 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

	ESN	BCI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.67	1.96	+0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.24	0.45	+0.79

Drawdowns

ESN vs. BCI - Drawdown Comparison

The maximum ESN drawdown since its inception was -13.60%, smaller than the maximum BCI drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for ESN and BCI.

Drawdown Indicators

	ESN	BCI	Difference
Max Drawdown Largest peak-to-trough decline	-13.60%	-32.69%	+19.09%
Max Drawdown (1Y) Largest decline over 1 year	-6.42%	-7.76%	+1.34%
Max Drawdown (3Y) Largest decline over 3 years	—	-11.38%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.50%	—
Current Drawdown Current decline from peak	-1.84%	-7.76%	+5.92%
Average Drawdown Average peak-to-trough decline	-1.87%	-12.00%	+10.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.61%	3.01%	-1.40%

Volatility

ESN vs. BCI - Volatility Comparison

The current volatility for Essential 40 Stock ETF (ESN) is 2.97%, while abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) has a volatility of 5.29%. This indicates that ESN 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

	ESN	BCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	5.29%	-2.32%
Volatility (6M) Calculated over the trailing 6-month period	7.24%	15.06%	-7.82%
Volatility (1Y) Calculated over the trailing 1-year period	9.90%	17.14%	-7.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.33%	16.84%	-3.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.33%	15.67%	-2.34%

ESN vs. BCI - Expense Ratio Comparison

ESN has a 0.70% expense ratio, which is higher than BCI's 0.25% expense ratio.

Dividends

ESN vs. BCI - Dividend Comparison

ESN's dividend yield for the trailing twelve months is around 0.80%, less than BCI's 13.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF	13.47%	16.49%	3.29%	3.93%	19.98%	19.43%	0.68%	1.47%	1.13%	5.02%
ESN Essential 40 Stock ETF	0.80%	0.91%	0.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ESN and BCI in my portfolio?

ESN and BCI have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ESN or BCI?

BCI has higher volatility (5.29%) compared to ESN (2.97%). In terms of maximum drawdown, ESN dropped -13.60% vs BCI's -32.69%.

Which ETF is better, ESN or BCI?

On 1-year performance, BCI leads with 33.46% vs 26.33% for ESN. On fees, BCI is cheaper at 0.25% per year. On volatility, ESN has been the lower-risk option at 2.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ESN or BCI?

Over the 1-year period, BCI has performed better with a 33.46% return vs 26.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ESN or BCI?

BCI is cheaper with a 0.25% expense ratio, compared with 0.70% for ESN.

Which ETF pays a higher dividend yield, ESN or BCI?

BCI has the higher dividend yield at 13.47%, compared with 0.80% for ESN.

What is the main difference between ESN and BCI?

ESN is categorized as Large Cap Blend Equities, while BCI is Commodities. They also come from different issuers: KKM Financial and Aberdeen. Their fees differ too: 0.70% for ESN and 0.25% for BCI.

Which has better risk-adjusted returns?

ESN currently has the higher Sharpe Ratio (2.67 vs 1.96), 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.