FTGC vs. BCI
FTGC (First Trust Global Tactical Commodity Strategy Fund) and BCI (abrdn Bloomberg All Commodity Strategy K-1 Free ETF) are both Commodities funds. FTGC is actively managed, while BCI is passively managed. Over the past 5 years, FTGC returned 12.29%/yr vs 9.52%/yr for BCI. Their correlation of 0.89 suggests significant overlap in exposure. FTGC charges 0.95%/yr vs 0.26%/yr for BCI.
Performance
FTGC vs. BCI - Performance Comparison
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Returns By Period
In the year-to-date period, FTGC achieves a 18.86% return, which is significantly higher than BCI's 15.26% return.
FTGC
- 1D
- -1.14%
- 1M
- -7.37%
- YTD
- 18.86%
- 6M
- 17.54%
- 1Y
- 28.18%
- 3Y*
- 14.26%
- 5Y*
- 12.29%
- 10Y*
- 7.15%
BCI
- 1D
- -1.23%
- 1M
- -9.78%
- YTD
- 15.26%
- 6M
- 13.54%
- 1Y
- 23.04%
- 3Y*
- 11.40%
- 5Y*
- 9.52%
- 10Y*
- —
FTGC vs. BCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTGC First Trust Global Tactical Commodity Strategy Fund | 18.86% | 14.61% | 9.96% | -5.36% | 17.36% | 27.95% | 2.17% | 6.40% | -12.75% | 3.59% |
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 FTGC and BCI is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2017 | 0.89 |
The correlation between FTGC and BCI has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.
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Return for Risk
FTGC vs. BCI — Risk / Return Rank
FTGC
BCI
FTGC vs. BCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Global Tactical Commodity Strategy Fund (FTGC) 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.
| FTGC | BCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.25 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 1.76 | +0.84 |
| Martin ratioReturn relative to average drawdown | 9.67 | 6.95 | +2.72 |
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Drawdowns
FTGC vs. BCI - Drawdown Comparison
The maximum FTGC drawdown since its inception was -59.47%, which is greater than BCI's maximum drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for FTGC and BCI.
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Drawdown Indicators
| FTGC | BCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.47% | -32.69% | -26.78% |
Max Drawdown (1Y)Largest decline over 1 year | -10.87% | -13.12% | +2.25% |
Max Drawdown (3Y)Largest decline over 3 years | -10.87% | -13.12% | +2.25% |
Max Drawdown (5Y)Largest decline over 5 years | -22.64% | -26.50% | +3.86% |
Max Drawdown (10Y)Largest decline over 10 years | -35.91% | — | — |
Current DrawdownCurrent decline from peak | -10.87% | -13.12% | +2.25% |
Average DrawdownAverage peak-to-trough decline | -27.34% | -11.99% | -15.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 3.34% | -0.40% |
Volatility
FTGC vs. BCI - Volatility Comparison
The current volatility for First Trust Global Tactical Commodity Strategy Fund (FTGC) is 3.07%, while abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) has a volatility of 3.55%. This indicates that FTGC 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
| FTGC | BCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 3.55% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 13.21% | 14.98% | -1.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.70% | 17.20% | -1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.87% | 16.79% | -0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.71% | 15.65% | -0.94% |
FTGC vs. BCI - Expense Ratio Comparison
FTGC has a 0.95% expense ratio, which is higher than BCI's 0.26% expense ratio.
Dividends
FTGC vs. BCI - Dividend Comparison
FTGC's dividend yield for the trailing twelve months is around 16.13%, more 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% |
FTGC First Trust Global Tactical Commodity Strategy Fund | 16.13% | 17.74% | 3.05% | 3.34% | 10.35% | 7.21% | 0.00% | 0.81% | 0.80% | 1.21% |
Frequently Asked Questions
With a correlation of 0.94, FTGC and BCI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BCI has higher volatility (3.55%) compared to FTGC (3.07%). In terms of maximum drawdown, FTGC dropped -59.47% vs BCI's -32.69%.
On 5-year performance, FTGC leads with 12.29% vs 9.52% for BCI. On fees, BCI is cheaper at 0.26% per year. On volatility, FTGC has been the lower-risk option at 3.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FTGC has performed better with a 12.29% return vs 9.52%. 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 0.95% for FTGC.
FTGC has the higher dividend yield at 16.13%, compared with 14.30% for BCI.
They also come from different issuers: First Trust and Aberdeen. Their fees differ too: 0.95% for FTGC and 0.26% for BCI.
FTGC currently has the higher Sharpe Ratio (1.82 vs 1.36), 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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