FXO vs. BCD
FXO (First Trust Financials AlphaDEX Fund) and BCD (abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF) are both exchange-traded funds - FXO is a Financials Equities fund tracking the StrataQuant Financials Index, while BCD is a Commodities fund actively managed by Aberdeen. FXO is passively managed, while BCD is actively managed. Over the past 5 years, FXO returned 9.91%/yr vs 10.63%/yr for BCD. At a 0.18 correlation, their price movements are largely independent. FXO charges 0.62%/yr vs 0.29%/yr for BCD.
Performance
FXO vs. BCD - Performance Comparison
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Returns By Period
In the year-to-date period, FXO achieves a 3.78% return, which is significantly lower than BCD's 11.14% return.
FXO
- 1D
- 1.06%
- 1M
- 4.51%
- YTD
- 3.78%
- 6M
- 1.91%
- 1Y
- 16.03%
- 3Y*
- 22.20%
- 5Y*
- 9.91%
- 10Y*
- 13.32%
BCD
- 1D
- -1.38%
- 1M
- -7.90%
- YTD
- 11.14%
- 6M
- 9.67%
- 1Y
- 18.61%
- 3Y*
- 10.61%
- 5Y*
- 10.63%
- 10Y*
- —
FXO vs. BCD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXO First Trust Financials AlphaDEX Fund | 3.78% | 13.59% | 27.72% | 9.28% | -9.24% | 37.76% | 5.95% | 26.31% | -11.72% | 14.24% |
BCD abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF | 11.14% | 15.71% | 6.20% | -7.58% | 18.38% | 31.87% | 4.76% | 7.34% | -8.65% | 3.83% |
Correlation
The correlation between FXO and BCD is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2017 | 0.18 |
The correlation between FXO and BCD shifts across timeframes, from -0.08 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FXO vs. BCD — Risk / Return Rank
FXO
BCD
FXO vs. BCD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Financials AlphaDEX Fund (FXO) 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.
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.
| FXO | BCD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.25 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 1.69 | -0.32 |
| Martin ratioReturn relative to average drawdown | 4.09 | 6.74 | -2.65 |
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Drawdowns
FXO vs. BCD - Drawdown Comparison
The maximum FXO drawdown since its inception was -71.30%, which is greater than BCD's maximum drawdown of -29.81%. Use the drawdown chart below to compare losses from any high point for FXO and BCD.
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Drawdown Indicators
| FXO | BCD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.30% | -29.81% | -41.49% |
Max Drawdown (1Y)Largest decline over 1 year | -11.72% | -11.04% | -0.68% |
Max Drawdown (3Y)Largest decline over 3 years | -21.35% | -11.04% | -10.31% |
Max Drawdown (5Y)Largest decline over 5 years | -28.80% | -23.03% | -5.77% |
Max Drawdown (10Y)Largest decline over 10 years | -48.55% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -11.04% | +11.04% |
Average DrawdownAverage peak-to-trough decline | -13.08% | -9.84% | -3.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 2.80% | +1.13% |
Volatility
FXO vs. BCD - Volatility Comparison
First Trust Financials AlphaDEX Fund (FXO) has a higher volatility of 4.02% compared to abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) at 3.34%. This indicates that FXO's price experiences larger fluctuations and is considered to be riskier than BCD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXO | BCD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.02% | 3.34% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 11.03% | 12.01% | -0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.66% | 13.99% | +1.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.86% | 15.38% | +6.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.09% | 13.90% | +10.19% |
FXO vs. BCD - Expense Ratio Comparison
FXO has a 0.62% expense ratio, which is higher than BCD's 0.29% expense ratio.
Dividends
FXO vs. BCD - Dividend Comparison
FXO's dividend yield for the trailing twelve months is around 2.08%, less than BCD's 15.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCD abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF | 15.49% | 17.21% | 3.60% | 4.51% | 5.21% | 8.30% | 1.29% | 1.55% | 1.59% | 0.07% | 0.00% | 0.00% |
FXO First Trust Financials AlphaDEX Fund | 2.08% | 1.78% | 1.97% | 2.98% | 2.49% | 1.91% | 2.60% | 1.72% | 2.60% | 1.62% | 1.35% | 1.51% |
Frequently Asked Questions
FXO and BCD have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FXO has higher volatility (4.02%) compared to BCD (3.34%). In terms of maximum drawdown, FXO dropped -71.30% vs BCD's -29.81%.
On 5-year performance, BCD leads with 10.63% vs 9.91% for FXO. On fees, BCD is cheaper at 0.29% per year. On volatility, BCD has been the lower-risk option at 3.34%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BCD has performed better with a 10.63% return vs 9.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BCD is cheaper with a 0.29% expense ratio, compared with 0.62% for FXO.
BCD has the higher dividend yield at 15.49%, compared with 2.08% for FXO.
FXO is categorized as Financials Equities, while BCD is Commodities. They also come from different issuers: First Trust and Aberdeen. Their fees differ too: 0.62% for FXO and 0.29% for BCD.
BCD currently has the higher Sharpe Ratio (1.34 vs 1.03), 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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