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FXO vs. BCD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

FXO vs. BCD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Financials AlphaDEX Fund (FXO) and abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD). The values are adjusted to include any dividend payments, if applicable.

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

FXO vs. BCD - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
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

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

FXO
FXO Risk / Return Rank: 2929
Overall Rank
FXO Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
FXO Sortino Ratio Rank: 2828
Sortino Ratio Rank
FXO Omega Ratio Rank: 2828
Omega Ratio Rank
FXO Calmar Ratio Rank: 2929
Calmar Ratio Rank
FXO Martin Ratio Rank: 3030
Martin Ratio Rank

BCD
BCD Risk / Return Rank: 3939
Overall Rank
BCD Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
BCD Sortino Ratio Rank: 3737
Sortino Ratio Rank
BCD Omega Ratio Rank: 3939
Omega Ratio Rank
BCD Calmar Ratio Rank: 3535
Calmar Ratio Rank
BCD Martin Ratio Rank: 4343
Martin Ratio Rank
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.

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.


FXOBCDDifference
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

FXO vs. BCD - Sharpe Ratio Comparison

The current FXO Sharpe Ratio is 1.03, which is comparable to the BCD Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of FXO and BCD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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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


FXOBCDDifference

Max Drawdown

Largest 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 Drawdown

Current decline from peak

0.00%

-11.04%

+11.04%

Average Drawdown

Average peak-to-trough decline

-13.08%

-9.84%

-3.24%

Ulcer Index

Depth 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


FXOBCDDifference

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.


PositionTTM20252024202320222021202020192018201720162015
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.

Portfolio Optimizer

Find the right allocation for FXO and BCD

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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