GXDW vs. BCI
GXDW (Global X Dorsey Wright Thematic ETF) and BCI (abrdn Bloomberg All Commodity Strategy K-1 Free ETF) are both exchange-traded funds - GXDW is a Systematic Trend fund tracking the Nasdaq Dorsey Wright Thematic Rotation Total Return Index, while BCI is a Commodities fund tracking the Bloomberg Commodity Index Total Return. Both are passively managed. Over the past 5 years, GXDW returned -12.78%/yr vs 10.14%/yr for BCI. At a 0.24 correlation, their price movements are largely independent. GXDW charges 0.50%/yr vs 0.26%/yr for BCI.
Performance
GXDW vs. BCI - Performance Comparison
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Returns By Period
In the year-to-date period, GXDW achieves a -3.20% return, which is significantly lower than BCI's 20.43% return.
GXDW
- 1D
- -4.51%
- 1M
- -17.53%
- 6M
- -9.23%
- YTD
- -3.20%
- 1Y
- -8.62%
- 3Y*
- -5.63%
- 5Y*
- -12.78%
- 10Y*
- —
BCI
- 1D
- -1.09%
- 1M
- 1.64%
- 6M
- 15.98%
- YTD
- 20.43%
- 1Y
- 29.04%
- 3Y*
- 12.49%
- 5Y*
- 10.14%
- 10Y*
- —
GXDW vs. BCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GXDW Global X Dorsey Wright Thematic ETF | -3.20% | 3.52% | -3.55% | 10.26% | -48.08% | 3.21% | 61.07% | 4.74% |
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF | 20.43% | 15.07% | 5.47% | -8.79% | 15.09% | 26.18% | -2.77% | 0.96% |
Correlation
The correlation between GXDW and BCI is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2019 | 0.24 |
The correlation between GXDW and BCI shifts across timeframes, from 0.06 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GXDW vs. BCI — Risk / Return Rank
GXDW
BCI
GXDW vs. BCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Dorsey Wright Thematic ETF (GXDW) 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.
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.
| GXDW | BCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -2.44 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.30 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 1.97 | -2.32 |
| Martin ratioReturn relative to average drawdown | -0.75 | 6.44 | -7.19 |
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Drawdowns
GXDW vs. BCI - Drawdown Comparison
The maximum GXDW drawdown since its inception was -67.81%, which is greater than BCI's maximum drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for GXDW and BCI.
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Drawdown Indicators
| GXDW | BCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.81% | -32.69% | -35.12% |
Max Drawdown (1Y)Largest decline over 1 year | -24.65% | -14.82% | -9.83% |
Max Drawdown (3Y)Largest decline over 3 years | -29.97% | -14.82% | -15.15% |
Max Drawdown (5Y)Largest decline over 5 years | -61.17% | -26.50% | -34.67% |
Current DrawdownCurrent decline from peak | -61.74% | -9.22% | -52.52% |
Average DrawdownAverage peak-to-trough decline | -43.29% | -11.99% | -31.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.51% | 4.52% | +6.99% |
Volatility
GXDW vs. BCI - Volatility Comparison
Global X Dorsey Wright Thematic ETF (GXDW) has a higher volatility of 10.35% compared to abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) at 4.84%. This indicates that GXDW'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.
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Volatility by Period
| GXDW | BCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.35% | 4.84% | +5.51% |
Volatility (6M)Calculated over the trailing 6-month period | 23.82% | 15.03% | +8.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.78% | 17.36% | +12.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.45% | 16.85% | +11.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.96% | 15.66% | +14.30% |
GXDW vs. BCI - Expense Ratio Comparison
GXDW has a 0.50% expense ratio, which is higher than BCI's 0.26% expense ratio.
Dividends
GXDW vs. BCI - Dividend Comparison
GXDW's dividend yield for the trailing twelve months is around 1.55%, less than BCI's 13.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF | 13.69% | 16.49% | 3.29% | 3.93% | 19.98% | 19.43% | 0.68% | 1.47% | 1.13% | 5.02% |
GXDW Global X Dorsey Wright Thematic ETF | 1.55% | 1.40% | 1.08% | 1.99% | 1.48% | 1.56% | 0.48% | 0.31% | 0.00% | 0.00% |
Frequently Asked Questions
GXDW and BCI have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GXDW has higher volatility (10.35%) compared to BCI (4.84%). In terms of maximum drawdown, GXDW dropped -67.81% vs BCI's -32.69%.
On 5-year performance, BCI leads with 10.14% vs -12.78% for GXDW. On fees, BCI is cheaper at 0.26% per year. On volatility, BCI has been the lower-risk option at 4.84%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BCI has performed better with a 10.14% return vs -12.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BCI is cheaper with a 0.26% expense ratio, compared with 0.50% for GXDW.
BCI has the higher dividend yield at 13.69%, compared with 1.55% for GXDW.
GXDW is categorized as Systematic Trend, while BCI is Commodities. GXDW tracks Nasdaq Dorsey Wright Thematic Rotation Total Return Index, while BCI tracks Bloomberg Commodity Index Total Return. They also come from different issuers: Global X and Aberdeen. Their fees differ too: 0.50% for GXDW and 0.26% for BCI.
BCI currently has the higher Sharpe Ratio (1.68 vs -0.29), 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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