PTH vs. BCI
PTH (Invesco DWA Healthcare Momentum ETF) and BCI (abrdn Bloomberg All Commodity Strategy K-1 Free ETF) are both exchange-traded funds - PTH is a Momentum fund tracking the Dorsey Wright Healthcare 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, PTH returned 1.95%/yr vs 9.72%/yr for BCI. At a 0.13 correlation, their price movements are largely independent. PTH charges 0.60%/yr vs 0.26%/yr for BCI.
Performance
PTH vs. BCI - Performance Comparison
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Returns By Period
In the year-to-date period, PTH achieves a 20.52% return, which is significantly higher than BCI's 17.72% return.
PTH
- 1D
- -2.87%
- 1M
- 15.97%
- 6M
- 20.83%
- YTD
- 20.52%
- 1Y
- 62.60%
- 3Y*
- 15.54%
- 5Y*
- 1.95%
- 10Y*
- 14.82%
BCI
- 1D
- 0.00%
- 1M
- -1.67%
- 6M
- 15.01%
- YTD
- 17.72%
- 1Y
- 26.19%
- 3Y*
- 11.78%
- 5Y*
- 9.72%
- 10Y*
- —
PTH vs. BCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PTH Invesco DWA Healthcare Momentum ETF | 20.52% | 27.91% | 2.36% | -4.54% | -20.61% | -3.20% | 67.26% | 34.45% | -1.23% | 35.20% |
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 PTH 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 | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2017 | 0.13 |
The correlation between PTH and BCI shifts across timeframes, from -0.17 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PTH vs. BCI — Risk / Return Rank
PTH
BCI
PTH vs. BCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Healthcare Momentum ETF (PTH) 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.
| PTH | BCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.28 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 5.05 | 1.84 | +3.20 |
| Martin ratioReturn relative to average drawdown | 12.79 | 6.23 | +6.56 |
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Drawdowns
PTH vs. BCI - Drawdown Comparison
The maximum PTH drawdown since its inception was -53.52%, which is greater than BCI's maximum drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for PTH and BCI.
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Drawdown Indicators
| PTH | BCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.52% | -32.69% | -20.83% |
Max Drawdown (1Y)Largest decline over 1 year | -11.98% | -14.82% | +2.84% |
Max Drawdown (3Y)Largest decline over 3 years | -27.74% | -14.82% | -12.92% |
Max Drawdown (5Y)Largest decline over 5 years | -50.07% | -26.50% | -23.57% |
Max Drawdown (10Y)Largest decline over 10 years | -53.52% | — | — |
Current DrawdownCurrent decline from peak | -2.87% | -11.27% | +8.40% |
Average DrawdownAverage peak-to-trough decline | -16.96% | -11.99% | -4.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.72% | 4.37% | +0.35% |
Volatility
PTH vs. BCI - Volatility Comparison
Invesco DWA Healthcare Momentum ETF (PTH) has a higher volatility of 7.20% compared to abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) at 4.31%. This indicates that PTH's price experiences larger fluctuations and is considered to be riskier than BCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTH | BCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.20% | 4.31% | +2.89% |
Volatility (6M)Calculated over the trailing 6-month period | 19.15% | 14.93% | +4.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.24% | 17.24% | +7.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.64% | 16.81% | +8.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.31% | 15.66% | +11.65% |
PTH vs. BCI - Expense Ratio Comparison
PTH has a 0.60% expense ratio, which is higher than BCI's 0.26% expense ratio.
Dividends
PTH vs. BCI - Dividend Comparison
PTH's dividend yield for the trailing twelve months is around 2.55%, less than BCI's 14.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
PTH Invesco DWA Healthcare Momentum ETF | 2.55% | 3.07% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PTH 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.
PTH has higher volatility (7.20%) compared to BCI (4.31%). In terms of maximum drawdown, PTH dropped -53.52% vs BCI's -32.69%.
On 5-year performance, BCI leads with 9.72% vs 1.95% for PTH. On fees, BCI is cheaper at 0.26% per year. On volatility, BCI has been the lower-risk option at 4.31%. 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 1.95%. 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 PTH.
BCI has the higher dividend yield at 14.01%, compared with 2.55% for PTH.
PTH is categorized as Momentum, while BCI is Commodities. PTH tracks Dorsey Wright Healthcare 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 PTH and 0.26% for BCI.
PTH currently has the higher Sharpe Ratio (2.49 vs 1.58), 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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