HON vs. BCD
HON (Honeywell International Inc) is a stock, while BCD (abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF) is Commodities fund actively managed by Aberdeen. Over the past 5 years, HON returned 1.43%/yr vs 11.13%/yr for BCD. At a 0.17 correlation, their price movements are largely independent.
Performance
HON vs. BCD - Performance Comparison
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Returns By Period
In the year-to-date period, HON achieves a 9.98% return, which is significantly lower than BCD's 15.68% return.
HON
- 1D
- 0.19%
- 1M
- -3.62%
- 6M
- 2.03%
- YTD
- 9.98%
- 1Y
- -3.30%
- 3Y*
- 5.24%
- 5Y*
- 1.43%
- 10Y*
- 9.27%
BCD
- 1D
- 0.71%
- 1M
- 0.63%
- 6M
- 11.05%
- YTD
- 15.68%
- 1Y
- 24.37%
- 3Y*
- 11.22%
- 5Y*
- 11.13%
- 10Y*
- —
HON vs. BCD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HON Honeywell International Inc | 9.98% | -6.37% | 10.02% | 0.02% | 4.90% | -0.29% | 22.97% | 36.70% | -8.27% | 24.14% |
BCD abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF | 15.68% | 15.71% | 6.20% | -7.58% | 18.38% | 31.87% | 4.76% | 7.34% | -8.65% | 3.83% |
Correlation
The correlation between HON and BCD is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2017 | 0.17 |
The correlation between HON and BCD shifts across timeframes, from -0.04 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HON vs. BCD — Risk / Return Rank
HON
BCD
HON vs. BCD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Honeywell International Inc (HON) 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.
| HON | BCD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.33 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.31 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 1.93 | -2.13 |
| Martin ratioReturn relative to average drawdown | -0.33 | 6.59 | -6.92 |
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Drawdowns
HON vs. BCD - Drawdown Comparison
The maximum HON drawdown since its inception was -70.09%, which is greater than BCD's maximum drawdown of -29.81%. Use the drawdown chart below to compare losses from any high point for HON and BCD.
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Drawdown Indicators
| HON | BCD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.09% | -29.81% | -40.28% |
Max Drawdown (1Y)Largest decline over 1 year | -16.54% | -12.70% | -3.84% |
Max Drawdown (3Y)Largest decline over 3 years | -22.10% | -12.70% | -9.40% |
Max Drawdown (5Y)Largest decline over 5 years | -27.13% | -23.03% | -4.10% |
Max Drawdown (10Y)Largest decline over 10 years | -43.01% | — | — |
Current DrawdownCurrent decline from peak | -13.93% | -7.41% | -6.52% |
Average DrawdownAverage peak-to-trough decline | -20.26% | -9.84% | -10.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.93% | 3.71% | +6.22% |
Volatility
HON vs. BCD - Volatility Comparison
Honeywell International Inc (HON) has a higher volatility of 10.56% compared to abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) at 4.27%. This indicates that HON'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.
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Volatility by Period
| HON | BCD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.56% | 4.27% | +6.29% |
Volatility (6M)Calculated over the trailing 6-month period | 20.75% | 12.00% | +8.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.79% | 14.11% | +11.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.38% | 15.39% | +6.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.81% | 13.91% | +9.90% |
Dividends
HON vs. BCD - Dividend Comparison
HON's dividend yield for the trailing twelve months is around 2.18%, less than BCD's 14.88% 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 | 14.88% | 17.21% | 3.60% | 4.51% | 5.21% | 8.30% | 1.29% | 1.55% | 1.59% | 0.07% | 0.00% | 0.00% |
HON Honeywell International Inc | 2.18% | 2.25% | 1.93% | 1.99% | 1.85% | 1.81% | 1.71% | 1.90% | 2.24% | 1.79% | 2.11% | 2.07% |
Frequently Asked Questions
HON and BCD have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HON has higher volatility (10.56%) compared to BCD (4.27%). In terms of maximum drawdown, HON dropped -70.09% vs BCD's -29.81%.
BCD currently has the higher Sharpe Ratio (1.74 vs -0.13), 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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