SEA vs. BCIM

Last updated Jun 3, 2026

SEA (U.S. Global Sea to Sky Cargo ETF) and BCIM (abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF) are both exchange-traded funds - SEA is a Industrials Equities fund tracking the U.S. Global Sea to Sky Cargo Index - Benchmark TR Gross, while BCIM is a Metals fund tracking the Bloomberg Industrial Metals. Both are passively managed. At a 0.34 correlation, their price movements are largely independent. SEA charges 0.60%/yr vs 0.41%/yr for BCIM.

Performance

SEA vs. BCIM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in U.S. Global Sea to Sky Cargo ETF (SEA) and abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SEA

• 1D: 0.23%
• 1M: -0.78%
• YTD: 21.77%
• 6M: 22.72%
• 1Y: 31.32%
• 3Y*: 18.84%
• 5Y*: —
• 10Y*: —

BCIM

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SEA vs. BCIM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SEA U.S. Global Sea to Sky Cargo ETF	21.77%	16.78%	2.52%	19.33%	-17.28%
BCIM abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF	0.00%	10.71%	3.30%	-9.68%	-10.04%

Correlation

The correlation between SEA and BCIM is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jan 21, 2022	0.34

Over the past year, the correlation between SEA and BCIM has dropped to 0.14 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.

Return for Risk

SEA vs. BCIM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SEA

SEA Risk / Return Rank: 59
SEA Sharpe Ratio Rank: 56
SEA Sortino Ratio Rank: 57
SEA Omega Ratio Rank: 54
SEA Calmar Ratio Rank: 61
SEA Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SEA vs. BCIM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for U.S. Global Sea to Sky Cargo ETF (SEA) and abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM). 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.

	SEA	BCIM	Difference
Sharpe ratio Return per unit of total volatility	1.94	—	—
Sortino ratio Return per unit of downside risk	2.72	—	—
Omega ratio Gain probability vs. loss probability	1.34	—	—
Calmar ratio Return relative to maximum drawdown	3.10	—	—
Martin ratio Return relative to average drawdown	12.65	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SEA	BCIM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	—	—

Drawdowns

Drawdown Indicators

	SEA	BCIM	Difference
Max Drawdown Largest peak-to-trough decline	-39.53%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-10.67%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-32.42%	—	—
Current Drawdown Current decline from peak	-2.28%	—	—
Average Drawdown Average peak-to-trough decline	-14.32%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	—	—

Volatility

Volatility by Period

	SEA	BCIM	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.30%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.68%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.68%	—	—

SEA vs. BCIM - Expense Ratio Comparison

SEA has a 0.60% expense ratio, which is higher than BCIM's 0.41% expense ratio.

Dividends

SEA vs. BCIM - Dividend Comparison

SEA's dividend yield for the trailing twelve months is around 5.55%, more than BCIM's 3.77% yield.

Position	TTM	2025	2024	2023	2022	2021
BCIM abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF	3.77%	3.77%	11.47%	3.36%	0.72%	1.57%
SEA U.S. Global Sea to Sky Cargo ETF	5.55%	6.76%	18.47%	9.85%	18.73%	0.00%

Frequently Asked Questions

Can I hold both SEA and BCIM in my portfolio?

SEA and BCIM have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SEA or BCIM?

On fees, BCIM is cheaper at 0.41% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SEA or BCIM?

BCIM is cheaper with a 0.41% expense ratio, compared with 0.60% for SEA.

Which ETF pays a higher dividend yield, SEA or BCIM?

SEA has the higher dividend yield at 5.55%, compared with 3.77% for BCIM.

What is the main difference between SEA and BCIM?

SEA is categorized as Industrials Equities, while BCIM is Metals. SEA tracks U.S. Global Sea to Sky Cargo Index - Benchmark TR Gross, while BCIM tracks Bloomberg Industrial Metals. They also come from different issuers: US Global and Aberdeen. Their fees differ too: 0.60% for SEA and 0.41% for BCIM.