SIVR vs. BCD
SIVR (abrdn Physical Silver Shares ETF) and BCD (abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF) are both exchange-traded funds - SIVR is a Silver fund tracking the LBMA Silver Price ($/ozt), 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, SIVR returned 17.62%/yr vs 10.91%/yr for BCD. Their 0.44 correlation means their historical movements had little consistent relationship. Both charge a 0.30% expense ratio.
Performance
SIVR vs. BCD - Performance Comparison
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Returns By Period
In the year-to-date period, SIVR achieves a -18.49% return, which is significantly lower than BCD's 15.92% return.
SIVR
- 1D
- 0.15%
- 1M
- -4.65%
- 6M
- -27.56%
- YTD
- -18.49%
- 1Y
- 56.49%
- 3Y*
- 34.54%
- 5Y*
- 17.62%
- 10Y*
- 11.07%
- ALL TIME*
- 8.45%
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 | |
| $53.73M | $50.42M | $86.10M |
SIVR vs. BCD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIVR abrdn Physical Silver Shares ETF | -18.49% | 145.34% | 21.08% | -0.91% | 2.59% | -12.33% | 47.52% | 15.17% | -8.96% | -6.72% |
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 SIVR and BCD is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.50 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2017 | 0.44 |
The correlation between SIVR and BCD has been stable across timeframes, ranging from 0.44 to 0.50 - a consistent structural relationship.
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Return for Risk
SIVR vs. BCD — Risk / Return Rank
SIVR
BCD
SIVR vs. BCD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Silver Shares ETF (SIVR) 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.
| SIVR | BCD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.35 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 2.21 | -1.13 |
| Martin ratioReturn relative to average drawdown | 2.06 | 7.18 | -5.12 |
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Drawdowns
SIVR vs. BCD - Drawdown Comparison
The maximum SIVR drawdown since its inception was -75.85%, which is greater than BCD's maximum drawdown of -29.81%. Use the drawdown chart below to compare losses from any high point for SIVR and BCD.
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Drawdown Indicators
| SIVR | BCD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.85% | -29.81% | -46.04% |
Max Drawdown (1Y)Largest decline over 1 year | -52.27% | -12.70% | -39.57% |
Max Drawdown (3Y)Largest decline over 3 years | -52.27% | -12.70% | -39.57% |
Max Drawdown (5Y)Largest decline over 5 years | -52.27% | -23.03% | -29.24% |
Max Drawdown (10Y)Largest decline over 10 years | -52.27% | — | — |
Current DrawdownCurrent decline from peak | -50.28% | -7.22% | -43.06% |
Average DrawdownAverage peak-to-trough decline | -47.84% | -9.82% | -38.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.46% | 3.90% | +23.56% |
Volatility
SIVR vs. BCD - Volatility Comparison
abrdn Physical Silver Shares ETF (SIVR) has a higher volatility of 10.92% compared to abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) at 3.99%. This indicates that SIVR'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
| SIVR | BCD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.92% | 3.99% | +6.93% |
Volatility (6M)Calculated over the trailing 6-month period | 44.35% | 11.43% | +32.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.45% | 14.24% | +47.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.01% | 15.36% | +21.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.27% | 13.91% | +18.36% |
SIVR vs. BCD - Expense Ratio Comparison
Both SIVR and BCD have an expense ratio of 0.30%.
Dividends
SIVR vs. BCD - Dividend Comparison
SIVR has not paid dividends to shareholders, while BCD's dividend yield for the trailing twelve months is around 14.85%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SIVR abrdn Physical Silver Shares ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SIVR and BCD have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIVR has higher volatility (10.92%) compared to BCD (3.99%). In terms of maximum drawdown, SIVR dropped -75.85% vs BCD's -29.81%.
On 5-year performance, SIVR leads with 17.62% vs 10.91% for BCD. Both ETFs have the same 0.30% expense ratio. 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, SIVR has performed better with a 17.62% return vs 10.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SIVR and BCD have the same expense ratio: 0.30% per year.
BCD has the higher dividend yield at 14.85%, compared with 0.00% for SIVR.
SIVR is categorized as Silver, while BCD is Commodities. SIVR tracks LBMA Silver Price ($/ozt), while BCD tracks Bloomberg Commodity Index 3 Month Forward Total Return. They also come from different issuers: abrdn and Aberdeen.
BCD currently has the higher Sharpe Ratio (1.98 vs 0.93), 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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