GLTR vs. BCIM

Last updated Jun 4, 2026

GLTR (Aberdeen Standard Physical Precious Metals Basket Shares ETF) and BCIM (abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF) are both exchange-traded funds - GLTR is a Precious Metals fund tracking the ETFS Physical Precious Metals Basket Index, while BCIM is a Metals fund tracking the Bloomberg Industrial Metals. Both are passively managed. At a 0.39 correlation, their price movements are largely independent. GLTR charges 0.60%/yr vs 0.41%/yr for BCIM.

Performance

GLTR vs. BCIM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aberdeen Standard Physical Precious Metals Basket Shares ETF (GLTR) and abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GLTR

• 1D: -1.81%
• 1M: -1.45%
• YTD: 1.47%
• 6M: 10.73%
• 1Y: 53.06%
• 3Y*: 32.36%
• 5Y*: 15.32%
• 10Y*: 13.17%

BCIM

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GLTR vs. BCIM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GLTR Aberdeen Standard Physical Precious Metals Basket Shares ETF	1.47%	87.25%	20.63%	2.01%	-0.25%	2.56%
BCIM abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF	0.00%	10.71%	3.30%	-9.68%	-3.29%	4.17%

Correlation

The correlation between GLTR and BCIM 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	0.36
Correlation (All Time) Calculated using the full available price history since Sep 24, 2021	0.39

Over the past year, the correlation between GLTR and BCIM has dropped to 0.08 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.

Return for Risk

GLTR vs. BCIM — Risk / Return Rank

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

GLTR

GLTR Risk / Return Rank: 36
GLTR Sharpe Ratio Rank: 39
GLTR Sortino Ratio Rank: 31
GLTR Omega Ratio Rank: 44
GLTR Calmar Ratio Rank: 36
GLTR Martin Ratio Rank: 28

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.

GLTR vs. BCIM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aberdeen Standard Physical Precious Metals Basket Shares ETF (GLTR) and abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM). 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.

	GLTR	BCIM	Difference
Sharpe ratio: Return per unit of total volatility	1.42	—	—
Sortino ratio: Return per unit of downside risk	1.73	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	1.80	—	—
Martin ratio: Return relative to average drawdown	4.13	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GLTR	BCIM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.42	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	—	—

Drawdowns

Drawdown Indicators

	GLTR	BCIM	Difference
Max Drawdown Largest peak-to-trough decline	-55.70%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-29.70%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-29.70%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.70%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-29.70%	—	—
Current Drawdown Current decline from peak	-26.86%	—	—
Average Drawdown Average peak-to-trough decline	-28.83%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	12.88%	—	—

Volatility

Volatility by Period

	GLTR	BCIM	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.13%	—	—
Volatility (6M) Calculated over the trailing 6-month period	35.41%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	37.58%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.63%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.50%	—	—

GLTR vs. BCIM - Expense Ratio Comparison

GLTR has a 0.60% expense ratio, which is higher than BCIM's 0.41% expense ratio.

Dividends

GLTR vs. BCIM - Dividend Comparison

GLTR has not paid dividends to shareholders, while BCIM's dividend yield for the trailing twelve months is around 3.77%.

Position	TTM	2025	2024	2023	2022	2021
BCIM abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF	3.77%	3.77%	11.47%	3.36%	0.72%	1.57%
GLTR Aberdeen Standard Physical Precious Metals Basket Shares ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GLTR and BCIM in my portfolio?

GLTR and BCIM 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.

Which ETF is better, GLTR or BCIM?

On fees, BCIM is cheaper at 0.41% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GLTR or BCIM?

BCIM is cheaper with a 0.41% expense ratio, compared with 0.60% for GLTR.

Which ETF pays a higher dividend yield, GLTR or BCIM?

BCIM has the higher dividend yield at 3.77%, compared with 0.00% for GLTR.

What is the main difference between GLTR and BCIM?

GLTR is categorized as Precious Metals, while BCIM is Metals. GLTR tracks ETFS Physical Precious Metals Basket Index, while BCIM tracks Bloomberg Industrial Metals. Their fees differ too: 0.60% for GLTR and 0.41% for BCIM.