PEZ vs. BCI
PEZ (Invesco DWA Consumer Cyclicals Momentum ETF) and BCI (abrdn Bloomberg All Commodity Strategy K-1 Free ETF) are both exchange-traded funds - PEZ is a Momentum fund tracking the DWA Consumer Cyclicals Technical Leaders Index, while BCI is a Commodities fund tracking the Bloomberg Commodity Index Total Return. Both are passively managed. Over the past 5 years, PEZ returned 2.44%/yr vs 9.72%/yr for BCI. At a 0.17 correlation, their price movements are largely independent. PEZ charges 0.60%/yr vs 0.26%/yr for BCI.
Performance
PEZ vs. BCI - Performance Comparison
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Returns By Period
In the year-to-date period, PEZ achieves a -2.72% return, which is significantly lower than BCI's 17.72% return.
PEZ
- 1D
- 0.11%
- 1M
- -2.46%
- 6M
- -7.97%
- YTD
- -2.72%
- 1Y
- 2.37%
- 3Y*
- 12.73%
- 5Y*
- 2.44%
- 10Y*
- 9.33%
BCI
- 1D
- 0.00%
- 1M
- -1.67%
- 6M
- 15.01%
- YTD
- 17.72%
- 1Y
- 26.19%
- 3Y*
- 11.78%
- 5Y*
- 9.72%
- 10Y*
- —
PEZ vs. BCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PEZ Invesco DWA Consumer Cyclicals Momentum ETF | -2.72% | 5.40% | 20.06% | 29.55% | -29.59% | 20.35% | 38.97% | 18.05% | -6.85% | 16.18% |
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF | 17.72% | 15.07% | 5.47% | -8.79% | 15.09% | 26.18% | -2.77% | 7.06% | -11.21% | 3.81% |
Correlation
The correlation between PEZ and BCI is -0.17, 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 | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2017 | 0.17 |
The correlation between PEZ and BCI shifts across timeframes, from -0.17 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PEZ vs. BCI — Risk / Return Rank
PEZ
BCI
PEZ vs. BCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) and abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI). 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.
| PEZ | BCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.50 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.28 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | 1.84 | -1.74 |
| Martin ratioReturn relative to average drawdown | 0.26 | 6.23 | -5.97 |
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Drawdowns
PEZ vs. BCI - Drawdown Comparison
The maximum PEZ drawdown since its inception was -58.39%, which is greater than BCI's maximum drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for PEZ and BCI.
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Drawdown Indicators
| PEZ | BCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.39% | -32.69% | -25.70% |
Max Drawdown (1Y)Largest decline over 1 year | -15.83% | -14.82% | -1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -31.48% | -14.82% | -16.66% |
Max Drawdown (5Y)Largest decline over 5 years | -41.72% | -26.50% | -15.22% |
Max Drawdown (10Y)Largest decline over 10 years | -52.05% | — | — |
Current DrawdownCurrent decline from peak | -9.84% | -11.27% | +1.43% |
Average DrawdownAverage peak-to-trough decline | -13.83% | -11.99% | -1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.36% | 4.37% | +1.99% |
Volatility
PEZ vs. BCI - Volatility Comparison
Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) and abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) have volatilities of 4.35% and 4.31%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PEZ | BCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 4.31% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 14.84% | 14.93% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.98% | 17.24% | +2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.31% | 16.81% | +7.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.04% | 15.66% | +9.38% |
PEZ vs. BCI - Expense Ratio Comparison
PEZ has a 0.60% expense ratio, which is higher than BCI's 0.26% expense ratio.
Dividends
PEZ vs. BCI - Dividend Comparison
PEZ's dividend yield for the trailing twelve months is around 0.25%, less than BCI's 14.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF | 14.01% | 16.49% | 3.29% | 3.93% | 19.98% | 19.43% | 0.68% | 1.47% | 1.13% | 5.02% | 0.00% | 0.00% |
PEZ Invesco DWA Consumer Cyclicals Momentum ETF | 0.25% | 0.11% | 0.12% | 0.60% | 0.43% | 0.23% | 0.39% | 0.01% | 0.40% | 0.42% | 0.83% | 0.64% |
Frequently Asked Questions
PEZ and BCI have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PEZ has higher volatility (4.35%) compared to BCI (4.31%). In terms of maximum drawdown, PEZ dropped -58.39% vs BCI's -32.69%.
On 5-year performance, BCI leads with 9.72% vs 2.44% for PEZ. On fees, BCI is cheaper at 0.26% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BCI has performed better with a 9.72% return vs 2.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BCI is cheaper with a 0.26% expense ratio, compared with 0.60% for PEZ.
BCI has the higher dividend yield at 14.01%, compared with 0.25% for PEZ.
PEZ is categorized as Momentum, while BCI is Commodities. PEZ tracks DWA Consumer Cyclicals Technical Leaders Index, while BCI tracks Bloomberg Commodity Index Total Return. They also come from different issuers: Invesco and Aberdeen. Their fees differ too: 0.60% for PEZ and 0.26% for BCI.
BCI currently has the higher Sharpe Ratio (1.58 vs 0.08), 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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