MFUS vs. BCD
MFUS (PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF) and BCD (abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF) are both exchange-traded funds - MFUS is a Large Cap Growth Equities fund tracking the RAFI Dynamic Multi-Factor U.S. Index, while BCD is a Commodities fund tracking the Bloomberg Commodity Index 3 Month Forward Total Return. Both are passively managed. Over the past 5 years, MFUS returned 12.82%/yr vs 10.65%/yr for BCD. Their 0.28 correlation means their historical movements had little consistent relationship. Both charge a 0.30% expense ratio.
Performance
MFUS vs. BCD - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with MFUS having a 16.05% return and BCD slightly higher at 16.41%.
MFUS
- 1D
- 0.02%
- 1M
- -1.31%
- 6M
- 11.41%
- YTD
- 16.05%
- 1Y
- 24.56%
- 3Y*
- 19.23%
- 5Y*
- 12.82%
- 10Y*
- —
- ALL TIME*
- 13.36%
BCD
- 1D
- -0.06%
- 1M
- 5.53%
- 6M
- 7.33%
- YTD
- 16.41%
- 1Y
- 28.06%
- 3Y*
- 10.83%
- 5Y*
- 10.65%
- 10Y*
- —
- ALL TIME*
- 8.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.39M | $1.55M | $2.26M | |
| $1.61M | $1.05M | $936.81K |
MFUS vs. BCD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF | 16.05% | 16.02% | 20.17% | 12.19% | -5.82% | 24.10% | 10.64% | 26.17% | -7.30% | 11.20% |
BCD abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF | 16.41% | 15.71% | 6.20% | -7.58% | 18.38% | 31.87% | 4.76% | 7.34% | -8.65% | 3.78% |
Correlation
The correlation between MFUS and BCD is 0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.04 |
Correlation (3Y) Balances recent behavior with more history. | 0.12 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.24 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2017 | 0.28 |
Over the past year, the correlation between MFUS and BCD has dropped to 0.04 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.
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Return for Risk
MFUS vs. BCD — Risk / Return Rank
MFUS
BCD
MFUS vs. BCD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) 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.
| MFUS | BCD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.35 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 2.22 | +1.64 |
| Martin ratioReturn relative to average drawdown | 14.64 | 7.25 | +7.38 |
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Drawdowns
MFUS vs. BCD - Drawdown Comparison
The maximum MFUS drawdown since its inception was -35.21%, which is greater than BCD's maximum drawdown of -29.81%. Use the drawdown chart below to compare losses from any high point for MFUS and BCD.
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Drawdown Indicators
| MFUS | BCD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.21% | -29.81% | -5.40% |
Max Drawdown (1Y)Largest decline over 1 year | -6.39% | -12.70% | +6.31% |
Max Drawdown (3Y)Largest decline over 3 years | -15.39% | -12.70% | -2.69% |
Max Drawdown (5Y)Largest decline over 5 years | -18.22% | -23.03% | +4.81% |
Current DrawdownCurrent decline from peak | -2.61% | -6.83% | +4.22% |
Average DrawdownAverage peak-to-trough decline | -3.95% | -9.83% | +5.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 3.88% | -2.20% |
Volatility
MFUS vs. BCD - Volatility Comparison
The current volatility for PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) is 2.93%, while abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) has a volatility of 3.93%. This indicates that MFUS 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
| MFUS | BCD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.93% | 3.93% | -1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 9.11% | 11.95% | -2.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.43% | 14.22% | -2.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.02% | 15.36% | -0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.28% | 13.91% | +3.37% |
MFUS vs. BCD - Expense Ratio Comparison
Both MFUS and BCD have an expense ratio of 0.30%.
Dividends
MFUS vs. BCD - Dividend Comparison
MFUS's dividend yield for the trailing twelve months is around 1.38%, less than BCD's 14.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BCD abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF | 14.79% | 17.21% | 3.60% | 4.51% | 5.21% | 8.30% | 1.29% | 1.55% | 1.59% | 0.07% |
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF | 1.38% | 1.54% | 1.45% | 1.96% | 2.07% | 1.35% | 1.72% | 1.89% | 1.69% | 1.01% |
Frequently Asked Questions
MFUS 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.
BCD has higher volatility (3.93%) compared to MFUS (2.93%). In terms of maximum drawdown, MFUS dropped -35.21% vs BCD's -29.81%.
On 5-year performance, MFUS leads with 12.82% vs 10.65% for BCD. Both ETFs have the same 0.30% expense ratio. On volatility, MFUS has been the lower-risk option at 2.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, MFUS has performed better with a 12.82% return vs 10.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MFUS and BCD have the same expense ratio: 0.30% per year.
BCD has the higher dividend yield at 14.79%, compared with 1.38% for MFUS.
MFUS is categorized as Large Cap Growth Equities, while BCD is Commodities. MFUS tracks RAFI Dynamic Multi-Factor U.S. Index, while BCD tracks Bloomberg Commodity Index 3 Month Forward Total Return. They also come from different issuers: PIMCO and Aberdeen.
MFUS currently has the higher Sharpe Ratio (2.16 vs 1.98), 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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