PFXF vs. BCD
PFXF (VanEck Vectors Preferred Securities ex Financials ETF) and BCD (abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF) are both exchange-traded funds - PFXF is a Preferred Stock/Convertible Bonds fund tracking the Wells Fargo Hybrid and Preferred Securities ex Financials Index, while BCD is a Commodities fund actively managed by Aberdeen. PFXF is passively managed, while BCD is actively managed. Over the past 5 years, PFXF returned 4.48%/yr vs 11.98%/yr for BCD. At a 0.20 correlation, their price movements are largely independent. PFXF charges 0.41%/yr vs 0.29%/yr for BCD.
Performance
PFXF vs. BCD - Performance Comparison
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Returns By Period
In the year-to-date period, PFXF achieves a 8.54% return, which is significantly lower than BCD's 20.45% return.
PFXF
- 1D
- -0.95%
- 1M
- 2.21%
- YTD
- 8.54%
- 6M
- 9.54%
- 1Y
- 18.28%
- 3Y*
- 10.30%
- 5Y*
- 4.48%
- 10Y*
- 5.44%
BCD
- 1D
- -0.16%
- 1M
- -1.43%
- YTD
- 20.45%
- 6M
- 20.51%
- 1Y
- 31.80%
- 3Y*
- 14.44%
- 5Y*
- 11.98%
- 10Y*
- —
PFXF vs. BCD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFXF VanEck Vectors Preferred Securities ex Financials ETF | 8.54% | 9.64% | 8.42% | 11.20% | -18.83% | 11.61% | 7.61% | 20.52% | -4.17% | 2.99% |
BCD abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF | 20.45% | 15.71% | 6.20% | -7.58% | 18.38% | 31.87% | 4.76% | 7.34% | -8.65% | 3.08% |
Correlation
The correlation between PFXF and BCD is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2017 | 0.20 |
The correlation between PFXF and BCD shifts across timeframes, from 0.05 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PFXF vs. BCD — Risk / Return Rank
PFXF
BCD
PFXF vs. BCD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Preferred Securities ex Financials ETF (PFXF) 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.
| PFXF | BCD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.43 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.15 | 4.42 | -1.28 |
| Martin ratioReturn relative to average drawdown | 11.08 | 12.57 | -1.48 |
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
| PFXF | BCD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 2.33 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.78 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.67 | -0.18 |
Drawdowns
PFXF vs. BCD - Drawdown Comparison
The maximum PFXF drawdown since its inception was -35.49%, which is greater than BCD's maximum drawdown of -29.81%. Use the drawdown chart below to compare losses from any high point for PFXF and BCD.
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Drawdown Indicators
| PFXF | BCD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.49% | -29.81% | -5.68% |
Max Drawdown (1Y)Largest decline over 1 year | -5.83% | -7.22% | +1.39% |
Max Drawdown (3Y)Largest decline over 3 years | -11.90% | -10.50% | -1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -21.80% | -23.03% | +1.23% |
Max Drawdown (10Y)Largest decline over 10 years | -35.49% | — | — |
Current DrawdownCurrent decline from peak | -0.95% | -3.60% | +2.65% |
Average DrawdownAverage peak-to-trough decline | -3.91% | -9.86% | +5.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 2.54% | -0.89% |
Volatility
PFXF vs. BCD - Volatility Comparison
The current volatility for VanEck Vectors Preferred Securities ex Financials ETF (PFXF) is 3.14%, while abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) has a volatility of 4.33%. This indicates that PFXF 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
| PFXF | BCD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 4.33% | -1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 6.89% | 11.74% | -4.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.94% | 13.72% | -4.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.91% | 15.41% | -4.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.21% | 13.90% | -0.69% |
PFXF vs. BCD - Expense Ratio Comparison
PFXF has a 0.41% expense ratio, which is higher than BCD's 0.29% expense ratio.
Dividends
PFXF vs. BCD - Dividend Comparison
PFXF's dividend yield for the trailing twelve months is around 6.08%, less than BCD's 14.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCD abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF | 14.29% | 17.21% | 3.60% | 4.51% | 5.21% | 8.30% | 1.29% | 1.55% | 1.59% | 0.07% | 0.00% | 0.00% |
PFXF VanEck Vectors Preferred Securities ex Financials ETF | 6.08% | 6.72% | 7.82% | 7.88% | 6.74% | 4.66% | 5.19% | 5.35% | 6.56% | 5.93% | 5.81% | 5.99% |
Frequently Asked Questions
PFXF and BCD have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCD has higher volatility (4.33%) compared to PFXF (3.14%). In terms of maximum drawdown, PFXF dropped -35.49% vs BCD's -29.81%.
On 5-year performance, BCD leads with 11.98% vs 4.48% for PFXF. On fees, BCD is cheaper at 0.29% per year. On volatility, PFXF has been the lower-risk option at 3.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BCD has performed better with a 11.98% return vs 4.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BCD is cheaper with a 0.29% expense ratio, compared with 0.41% for PFXF.
BCD has the higher dividend yield at 14.29%, compared with 6.08% for PFXF.
PFXF is categorized as Preferred Stock/Convertible Bonds, while BCD is Commodities. They also come from different issuers: VanEck and Aberdeen. Their fees differ too: 0.41% for PFXF and 0.29% for BCD.
BCD currently has the higher Sharpe Ratio (2.33 vs 2.06), 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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