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 tracking the Bloomberg Commodity Index 3 Month Forward Total Return. Both are passively managed. Over the past 5 years, FXO returned 11.44%/yr vs 10.60%/yr for BCD. Their 0.17 correlation means their historical movements had little consistent relationship. FXO charges 0.62%/yr vs 0.30%/yr for BCD.
Performance
FXO vs. BCD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FXO achieves a 12.28% return, which is significantly lower than BCD's 14.94% return.
FXO
- 1D
- 0.71%
- 1M
- 4.66%
- 6M
- 10.72%
- YTD
- 12.28%
- 1Y
- 20.77%
- 3Y*
- 20.31%
- 5Y*
- 11.44%
- 10Y*
- 13.29%
- ALL TIME*
- 8.63%
BCD
- 1D
- -0.85%
- 1M
- 4.17%
- 6M
- 7.51%
- YTD
- 14.94%
- 1Y
- 27.09%
- 3Y*
- 10.53%
- 5Y*
- 10.60%
- 10Y*
- —
- ALL TIME*
- 8.66%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.63M | $1.63M | $2.16M | |
| $3.33M | $3.32M | $3.46M |
FXO vs. BCD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXO First Trust Financials AlphaDEX Fund | 12.28% | 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 | 14.94% | 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 -0.15, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.15 |
Correlation (3Y) Balances recent behavior with more history. | 0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.14 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2017 | 0.17 |
The correlation between FXO and BCD shifts across timeframes, from -0.15 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.34 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 2.14 | -0.36 |
| Martin ratioReturn relative to average drawdown | 5.33 | 6.90 | -1.57 |
Loading charts...
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.
Loading charts...
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% | -12.70% | +0.98% |
Max Drawdown (3Y)Largest decline over 3 years | -21.35% | -12.70% | -8.65% |
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% | -8.01% | +8.01% |
Average DrawdownAverage peak-to-trough decline | -13.01% | -9.82% | -3.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.91% | 3.94% | -0.03% |
Volatility
FXO vs. BCD - Volatility Comparison
First Trust Financials AlphaDEX Fund (FXO) has a higher volatility of 4.15% compared to abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) at 3.67%. 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.
Loading charts...
Volatility by Period
| FXO | BCD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 3.67% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 11.07% | 10.70% | +0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.51% | 14.24% | +1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.72% | 15.36% | +6.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.06% | 13.91% | +10.15% |
FXO vs. BCD - Expense Ratio Comparison
FXO has a 0.62% expense ratio, which is higher than BCD's 0.30% expense ratio.
Dividends
FXO vs. BCD - Dividend Comparison
FXO's dividend yield for the trailing twelve months is around 1.95%, less than BCD's 14.98% 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 | 14.98% | 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 | 1.95% | 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 -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FXO has higher volatility (4.15%) compared to BCD (3.67%). In terms of maximum drawdown, FXO dropped -71.30% vs BCD's -29.81%.
On 5-year performance, FXO leads with 11.44% vs 10.60% for BCD. On fees, BCD is cheaper at 0.30% per year. On volatility, BCD has been the lower-risk option at 3.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FXO has performed better with a 11.44% return vs 10.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BCD is cheaper with a 0.30% expense ratio, compared with 0.62% for FXO.
BCD has the higher dividend yield at 14.98%, compared with 1.95% for FXO.
FXO is categorized as Financials Equities, while BCD is Commodities. FXO tracks StrataQuant Financials Index, while BCD tracks Bloomberg Commodity Index 3 Month Forward Total Return. They also come from different issuers: First Trust and Aberdeen. Their fees differ too: 0.62% for FXO and 0.30% for BCD.
BCD currently has the higher Sharpe Ratio (1.91 vs 1.35), 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.
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.
Open Portfolio Optimizer