BCD vs. KRBN
Compare and contrast key facts about abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) and KraneShares Global Carbon ETF (KRBN).
BCD and KRBN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BCD is an actively managed fund by Abrdn Plc. It was launched on Mar 30, 2017. KRBN is a passively managed fund by CICC that tracks the performance of the IHS Markit Global Carbon Index. It was launched on Jul 30, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BCD or KRBN.
Key characteristics
| BCD | KRBN | |
|---|---|---|
| YTD Return | 4.64% | -10.41% |
| 1Y Return | 2.99% | -7.44% |
| 3Y Return (Ann) | 4.07% | -0.81% |
| Sharpe Ratio | 0.21 | -0.28 |
| Sortino Ratio | 0.38 | -0.26 |
| Omega Ratio | 1.05 | 0.97 |
| Calmar Ratio | 0.12 | -0.20 |
| Martin Ratio | 0.54 | -0.53 |
| Ulcer Index | 5.03% | 12.15% |
| Daily Std Dev | 12.58% | 23.16% |
| Max Drawdown | -29.79% | -36.42% |
| Current Drawdown | -16.70% | -23.26% |
Correlation
The correlation between BCD and KRBN is 0.17, 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.
Performance
BCD vs. KRBN - Performance Comparison
In the year-to-date period, BCD achieves a 4.64% return, which is significantly higher than KRBN's -10.41% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BCD vs. KRBN - Expense Ratio Comparison
BCD has a 0.29% expense ratio, which is lower than KRBN's 0.79% expense ratio.
Risk-Adjusted Performance
BCD vs. KRBN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) and KraneShares Global Carbon ETF (KRBN). 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.
Dividends
BCD vs. KRBN - Dividend Comparison
BCD's dividend yield for the trailing twelve months is around 4.31%, more than KRBN's 3.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
BCD abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF | 4.31% | 4.51% | 5.21% | 8.30% | 1.29% | 1.56% | 1.59% | 0.07% |
KRBN KraneShares Global Carbon ETF | 3.46% | 7.60% | 22.91% | 0.49% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BCD vs. KRBN - Drawdown Comparison
The maximum BCD drawdown since its inception was -29.79%, smaller than the maximum KRBN drawdown of -36.42%. Use the drawdown chart below to compare losses from any high point for BCD and KRBN. For additional features, visit the drawdowns tool.
Volatility
BCD vs. KRBN - Volatility Comparison
The current volatility for abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) is 3.52%, while KraneShares Global Carbon ETF (KRBN) has a volatility of 5.36%. This indicates that BCD experiences smaller price fluctuations and is considered to be less risky than KRBN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.