KCSH vs. BCD
KCSH (KraneShares Sustainable Ultra Short Duration Index ETF) and BCD (abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF) are both exchange-traded funds - KCSH is a Ultrashort Bond fund tracking the Solactive ISS Sustainable Select 0-1 Year USD Corporate IG Index, while BCD is a Commodities fund actively managed by Aberdeen. KCSH is passively managed, while BCD is actively managed. Over the past year, KCSH returned 3.93% vs 23.27% for BCD. At a correlation of -0.05, they often move in opposite directions. KCSH charges 0.20%/yr vs 0.29%/yr for BCD.
Performance
KCSH vs. BCD - Performance Comparison
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Returns By Period
In the year-to-date period, KCSH achieves a 1.86% return, which is significantly lower than BCD's 14.86% return.
KCSH
- 1D
- 0.12%
- 1M
- 0.29%
- 6M
- 1.70%
- YTD
- 1.86%
- 1Y
- 3.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BCD
- 1D
- 1.14%
- 1M
- -0.08%
- 6M
- 10.85%
- YTD
- 14.86%
- 1Y
- 23.27%
- 3Y*
- 10.96%
- 5Y*
- 10.88%
- 10Y*
- —
KCSH vs. BCD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KCSH KraneShares Sustainable Ultra Short Duration Index ETF | 1.86% | 4.49% | 1.98% |
BCD abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF | 14.86% | 15.71% | 3.86% |
Correlation
The correlation between KCSH and BCD is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2024 | -0.05 |
The correlation between KCSH and BCD shifts across timeframes, from -0.15 (1 year) to -0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
KCSH vs. BCD — Risk / Return Rank
KCSH
BCD
KCSH vs. BCD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Sustainable Ultra Short Duration Index ETF (KCSH) 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.
| KCSH | BCD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.49 | ||
| Sortino ratioReturn per unit of downside risk | +2.22 | ||
| Omega ratioGain probability vs. loss probability | 2.06 | 1.30 | +0.76 |
| Calmar ratioReturn relative to maximum drawdown | 6.78 | 1.84 | +4.94 |
| Martin ratioReturn relative to average drawdown | 56.99 | 6.34 | +50.65 |
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Drawdowns
KCSH vs. BCD - Drawdown Comparison
The maximum KCSH drawdown since its inception was -0.58%, smaller than the maximum BCD drawdown of -29.81%. Use the drawdown chart below to compare losses from any high point for KCSH and BCD.
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Drawdown Indicators
| KCSH | BCD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.58% | -29.81% | +29.23% |
Max Drawdown (1Y)Largest decline over 1 year | -0.58% | -12.70% | +12.12% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.70% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.03% | — |
Current DrawdownCurrent decline from peak | 0.00% | -8.07% | +8.07% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -9.85% | +9.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 3.68% | -3.61% |
Volatility
KCSH vs. BCD - Volatility Comparison
The current volatility for KraneShares Sustainable Ultra Short Duration Index ETF (KCSH) is 0.21%, while abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) has a volatility of 4.22%. This indicates that KCSH experiences smaller price fluctuations and is considered to be less risky 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
| KCSH | BCD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.21% | 4.22% | -4.01% |
Volatility (6M)Calculated over the trailing 6-month period | 0.44% | 11.99% | -11.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.25% | 14.12% | -12.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.30% | 15.39% | -14.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.30% | 13.92% | -12.62% |
KCSH vs. BCD - Expense Ratio Comparison
KCSH has a 0.20% expense ratio, which is lower than BCD's 0.29% expense ratio.
Dividends
KCSH vs. BCD - Dividend Comparison
KCSH's dividend yield for the trailing twelve months is around 3.94%, less than BCD's 14.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BCD abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF | 14.99% | 17.21% | 3.60% | 4.51% | 5.21% | 8.30% | 1.29% | 1.55% | 1.59% | 0.07% |
KCSH KraneShares Sustainable Ultra Short Duration Index ETF | 3.94% | 4.35% | 2.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KCSH and BCD have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCD has higher volatility (4.22%) compared to KCSH (0.21%). In terms of maximum drawdown, KCSH dropped -0.58% vs BCD's -29.81%.
On 1-year performance, BCD leads with 23.27% vs 3.93% for KCSH. On fees, KCSH is cheaper at 0.20% per year. On volatility, KCSH has been the lower-risk option at 0.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BCD has performed better with a 23.27% return vs 3.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KCSH is cheaper with a 0.20% expense ratio, compared with 0.29% for BCD.
BCD has the higher dividend yield at 14.99%, compared with 3.94% for KCSH.
KCSH is categorized as Ultrashort Bond, while BCD is Commodities. They also come from different issuers: KraneShares and Aberdeen. Their fees differ too: 0.20% for KCSH and 0.29% for BCD.
KCSH currently has the higher Sharpe Ratio (3.15 vs 1.66), 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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