KEUA vs. BCD
Compare and contrast key facts about KraneShares European Carbon Allowance Strategy ETF (KEUA) and abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD).
KEUA and BCD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KEUA is a passively managed fund by KraneShares that tracks the performance of the S&P Carbon Credit EUA Index. It was launched on Oct 4, 2021. BCD is an actively managed fund by Aberdeen. It was launched on Mar 30, 2017.
Performance
KEUA vs. BCD - Performance Comparison
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KEUA vs. BCD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KEUA KraneShares European Carbon Allowance Strategy ETF | -19.02% | 32.81% | -14.52% | -3.14% | -2.74% | 22.01% |
BCD abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF | 14.95% | 15.71% | 6.20% | -7.58% | 18.38% | -1.78% |
Returns By Period
In the year-to-date period, KEUA achieves a -19.02% return, which is significantly lower than BCD's 14.95% return.
KEUA
- 1D
- 0.00%
- 1M
- -0.46%
- YTD
- -19.02%
- 6M
- -8.94%
- 1Y
- 8.03%
- 3Y*
- -6.52%
- 5Y*
- —
- 10Y*
- —
BCD
- 1D
- -0.53%
- 1M
- 2.83%
- YTD
- 14.95%
- 6M
- 20.73%
- 1Y
- 22.18%
- 3Y*
- 10.87%
- 5Y*
- 13.69%
- 10Y*
- —
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KEUA vs. BCD - Expense Ratio Comparison
KEUA has a 0.87% expense ratio, which is higher than BCD's 0.29% expense ratio.
Return for Risk
KEUA vs. BCD — Risk / Return Rank
KEUA
BCD
KEUA vs. BCD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares European Carbon Allowance Strategy ETF (KEUA) 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.
| KEUA | BCD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.11 | 1.47 | -1.36 |
Sortino ratioReturn per unit of downside risk | 0.34 | 1.97 | -1.63 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.28 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 0.05 | 2.27 | -2.22 |
Martin ratioReturn relative to average drawdown | 0.15 | 7.10 | -6.95 |
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
| KEUA | BCD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.11 | 1.47 | -1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.89 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.64 | -0.61 |
Correlation
The correlation between KEUA and BCD is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
KEUA vs. BCD - Dividend Comparison
KEUA's dividend yield for the trailing twelve months is around 2.83%, less than BCD's 14.97% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KEUA KraneShares European Carbon Allowance Strategy ETF | 2.83% | 2.29% | 7.71% | 5.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BCD abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF | 14.97% | 17.21% | 3.60% | 4.51% | 5.21% | 8.30% | 1.29% | 1.55% | 1.59% | 0.07% |
Drawdowns
KEUA vs. BCD - Drawdown Comparison
The maximum KEUA drawdown since its inception was -49.21%, which is greater than BCD's maximum drawdown of -29.81%. Use the drawdown chart below to compare losses from any high point for KEUA and BCD.
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Drawdown Indicators
| KEUA | BCD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.21% | -29.81% | -19.40% |
Max Drawdown (1Y)Largest decline over 1 year | -23.06% | -9.75% | -13.31% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.03% | — |
Current DrawdownCurrent decline from peak | -28.26% | -3.05% | -25.21% |
Average DrawdownAverage peak-to-trough decline | -23.35% | -10.01% | -13.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.25% | 3.11% | +5.14% |
Volatility
KEUA vs. BCD - Volatility Comparison
KraneShares European Carbon Allowance Strategy ETF (KEUA) has a higher volatility of 5.87% compared to abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) at 5.52%. This indicates that KEUA'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
| KEUA | BCD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.87% | 5.52% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 20.60% | 11.61% | +8.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.55% | 15.15% | +12.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.09% | 15.42% | +25.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.09% | 13.93% | +27.16% |