PFXF vs. BCD
PFXF (VanEck 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 fund tracking the ICE Exchange-Listed Fixed & Adjustable Rate Non-Financial Preferred Securities 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, PFXF returned 3.13%/yr vs 10.91%/yr for BCD. Their 0.19 correlation means their historical movements had little consistent relationship. PFXF charges 0.40%/yr vs 0.30%/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 4.43% return, which is significantly lower than BCD's 15.92% return.
PFXF
- 1D
- 2.10%
- 1M
- 1.13%
- 6M
- 1.23%
- YTD
- 4.43%
- 1Y
- 9.79%
- 3Y*
- 8.72%
- 5Y*
- 3.13%
- 10Y*
- 4.73%
- ALL TIME*
- 5.36%
BCD
- 1D
- -0.42%
- 1M
- 5.06%
- 6M
- 11.29%
- YTD
- 15.92%
- 1Y
- 27.97%
- 3Y*
- 10.85%
- 5Y*
- 10.91%
- 10Y*
- —
- ALL TIME*
- 8.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.71M | $1.62M | $2.21M | |
| $14.01M | $13.64M | $16.82M |
PFXF vs. BCD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFXF VanEck Preferred Securities ex Financials ETF | 4.43% | 9.64% | 8.42% | 11.20% | -18.83% | 11.61% | 7.61% | 20.52% | -4.17% | 3.15% |
BCD abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF | 15.92% | 15.71% | 6.20% | -7.58% | 18.38% | 31.87% | 4.76% | 7.34% | -8.65% | 3.83% |
Correlation
The correlation between PFXF and BCD is 0.06, 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. | 0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2017 | 0.19 |
The correlation between PFXF and BCD shifts across timeframes, from 0.06 (1 year) to 0.19 (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 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.
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.
| PFXF | BCD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.35 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 2.21 | -0.99 |
| Martin ratioReturn relative to average drawdown | 3.58 | 7.18 | -3.60 |
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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 | -8.04% | -12.70% | +4.66% |
Max Drawdown (3Y)Largest decline over 3 years | -11.90% | -12.70% | +0.80% |
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 | -4.70% | -7.22% | +2.52% |
Average DrawdownAverage peak-to-trough decline | -3.92% | -9.82% | +5.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 3.90% | -1.16% |
Volatility
PFXF vs. BCD - Volatility Comparison
VanEck Preferred Securities ex Financials ETF (PFXF) has a higher volatility of 4.27% compared to abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) at 3.99%. This indicates that PFXF'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
| PFXF | BCD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | 3.99% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 8.25% | 11.43% | -3.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.15% | 14.24% | -4.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.15% | 15.36% | -4.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.31% | 13.91% | -0.60% |
PFXF vs. BCD - Expense Ratio Comparison
PFXF has a 0.40% expense ratio, which is higher than BCD's 0.30% expense ratio.
Dividends
PFXF vs. BCD - Dividend Comparison
PFXF's dividend yield for the trailing twelve months is around 6.56%, less than BCD's 14.85% 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 | 14.85% | 17.21% | 3.60% | 4.51% | 5.21% | 8.30% | 1.29% | 1.55% | 1.59% | 0.07% | 0.00% | 0.00% |
PFXF VanEck Preferred Securities ex Financials ETF | 6.56% | 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 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFXF has higher volatility (4.27%) compared to BCD (3.99%). In terms of maximum drawdown, PFXF dropped -35.49% vs BCD's -29.81%.
On 5-year performance, BCD leads with 10.91% vs 3.13% for PFXF. On fees, BCD is cheaper at 0.30% per year. On volatility, BCD has been the lower-risk option at 3.99%. 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 10.91% return vs 3.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BCD is cheaper with a 0.30% expense ratio, compared with 0.40% for PFXF.
BCD has the higher dividend yield at 14.85%, compared with 6.56% for PFXF.
PFXF is categorized as Preferred Stock, while BCD is Commodities. PFXF tracks ICE Exchange-Listed Fixed & Adjustable Rate Non-Financial Preferred Securities Index, while BCD tracks Bloomberg Commodity Index 3 Month Forward Total Return. They also come from different issuers: VanEck and Aberdeen. Their fees differ too: 0.40% for PFXF and 0.30% for BCD.
BCD currently has the higher Sharpe Ratio (1.98 vs 0.97), 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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