HARD vs. BICSX
Compare and contrast key facts about Simplify Commodities Strategy No K-1 ETF (HARD) and BlackRock Commodity Strategies Portfolio (BICSX).
HARD is an actively managed fund by Simplify. It was launched on Mar 27, 2023. BICSX is managed by BlackRock. It was launched on Oct 2, 2011.
Performance
HARD vs. BICSX - Performance Comparison
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HARD vs. BICSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HARD Simplify Commodities Strategy No K-1 ETF | 20.41% | 12.19% | 20.48% | -5.04% |
BICSX BlackRock Commodity Strategies Portfolio | 19.23% | 28.70% | 4.38% | -0.85% |
Returns By Period
In the year-to-date period, HARD achieves a 20.41% return, which is significantly higher than BICSX's 19.23% return.
HARD
- 1D
- -1.39%
- 1M
- 8.55%
- YTD
- 20.41%
- 6M
- 18.31%
- 1Y
- 17.15%
- 3Y*
- 15.77%
- 5Y*
- —
- 10Y*
- —
BICSX
- 1D
- 0.24%
- 1M
- 0.65%
- YTD
- 19.23%
- 6M
- 26.56%
- 1Y
- 40.74%
- 3Y*
- 16.08%
- 5Y*
- 14.24%
- 10Y*
- 10.38%
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HARD vs. BICSX - Expense Ratio Comparison
HARD has a 0.75% expense ratio, which is higher than BICSX's 0.72% expense ratio.
Return for Risk
HARD vs. BICSX — Risk / Return Rank
HARD
BICSX
HARD vs. BICSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Commodities Strategy No K-1 ETF (HARD) and BlackRock Commodity Strategies Portfolio (BICSX). 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.
| HARD | BICSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 2.54 | -1.81 |
Sortino ratioReturn per unit of downside risk | 1.04 | 3.22 | -2.18 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.46 | -0.32 |
Calmar ratioReturn relative to maximum drawdown | 1.34 | 3.87 | -2.53 |
Martin ratioReturn relative to average drawdown | 2.53 | 19.67 | -17.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HARD | BICSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 2.54 | -1.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.90 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.28 | +0.62 |
Correlation
The correlation between HARD and BICSX is 0.44, 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.
Dividends
HARD vs. BICSX - Dividend Comparison
HARD's dividend yield for the trailing twelve months is around 2.49%, less than BICSX's 2.59% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
HARD Simplify Commodities Strategy No K-1 ETF | 2.49% | 2.36% | 3.51% | 1.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BICSX BlackRock Commodity Strategies Portfolio | 2.59% | 3.09% | 3.60% | 9.39% | 9.05% | 2.68% | 0.80% | 2.03% | 2.12% | 0.65% | 0.94% |
Drawdowns
HARD vs. BICSX - Drawdown Comparison
The maximum HARD drawdown since its inception was -13.51%, smaller than the maximum BICSX drawdown of -51.59%. Use the drawdown chart below to compare losses from any high point for HARD and BICSX.
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Drawdown Indicators
| HARD | BICSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.51% | -51.59% | +38.08% |
Max Drawdown (1Y)Largest decline over 1 year | -13.51% | -10.53% | -2.98% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.35% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.82% | — |
Current DrawdownCurrent decline from peak | -1.39% | -1.36% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -5.44% | -20.75% | +15.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.17% | 2.07% | +5.10% |
Volatility
HARD vs. BICSX - Volatility Comparison
Simplify Commodities Strategy No K-1 ETF (HARD) has a higher volatility of 11.53% compared to BlackRock Commodity Strategies Portfolio (BICSX) at 4.48%. This indicates that HARD's price experiences larger fluctuations and is considered to be riskier than BICSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HARD | BICSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.53% | 4.48% | +7.05% |
Volatility (6M)Calculated over the trailing 6-month period | 17.94% | 12.47% | +5.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.78% | 16.34% | +7.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.48% | 15.83% | +1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.48% | 15.12% | +2.36% |