GNR vs. BCI
Compare and contrast key facts about SPDR S&P Global Natural Resources ETF (GNR) and abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI).
GNR and BCI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GNR is a passively managed fund by State Street that tracks the performance of the S&P Global Natural Resources Index. It was launched on Sep 13, 2010. BCI is an actively managed fund by Abrdn Plc. It was launched on Mar 30, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GNR or BCI.
Key characteristics
| GNR | BCI | |
|---|---|---|
| YTD Return | 5.08% | 6.20% |
| 1Y Return | 13.06% | 6.73% |
| 3Y Return (Ann) | 6.08% | 5.51% |
| 5Y Return (Ann) | 9.73% | 7.33% |
| Sharpe Ratio | 0.69 | 0.42 |
| Daily Std Dev | 16.33% | 12.46% |
| Max Drawdown | -51.37% | -32.69% |
| Current Drawdown | -1.45% | -19.05% |
Correlation
The correlation between GNR and BCI is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GNR vs. BCI - Performance Comparison
In the year-to-date period, GNR achieves a 5.08% return, which is significantly lower than BCI's 6.20% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GNR vs. BCI - Expense Ratio Comparison
GNR has a 0.40% expense ratio, which is higher than BCI's 0.25% expense ratio.
Risk-Adjusted Performance
GNR vs. BCI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Global Natural Resources ETF (GNR) 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.
Dividends
GNR vs. BCI - Dividend Comparison
GNR's dividend yield for the trailing twelve months is around 3.21%, less than BCI's 3.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GNR SPDR S&P Global Natural Resources ETF | 3.21% | 3.37% | 4.37% | 3.44% | 2.78% | 3.84% | 3.51% | 2.40% | 2.06% | 4.59% | 2.59% | 2.46% |
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF | 3.70% | 3.93% | 19.98% | 19.43% | 0.68% | 1.47% | 1.13% | 5.02% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GNR vs. BCI - Drawdown Comparison
The maximum GNR drawdown since its inception was -51.37%, which is greater than BCI's maximum drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for GNR and BCI. For additional features, visit the drawdowns tool.
Volatility
GNR vs. BCI - Volatility Comparison
SPDR S&P Global Natural Resources ETF (GNR) has a higher volatility of 4.69% compared to abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) at 3.09%. This indicates that GNR's price experiences larger fluctuations and is considered to be riskier than BCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.