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 actively managed by Aberdeen. SIVR is passively managed, while BCD is actively managed. Over the past 5 years, SIVR returned 21.00%/yr vs 11.98%/yr for BCD. At a 0.44 correlation, their price movements are largely independent. SIVR charges 0.30%/yr vs 0.29%/yr for BCD.
Performance
SIVR vs. BCD - Performance Comparison
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Returns By Period
In the year-to-date period, SIVR achieves a 2.85% return, which is significantly lower than BCD's 20.45% return.
SIVR
- 1D
- -2.62%
- 1M
- 0.42%
- YTD
- 2.85%
- 6M
- 24.90%
- 1Y
- 110.95%
- 3Y*
- 45.38%
- 5Y*
- 21.00%
- 10Y*
- 15.77%
BCD
- 1D
- -0.16%
- 1M
- -1.43%
- YTD
- 20.45%
- 6M
- 20.51%
- 1Y
- 31.80%
- 3Y*
- 14.44%
- 5Y*
- 11.98%
- 10Y*
- —
SIVR vs. BCD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIVR abrdn Physical Silver Shares ETF | 2.85% | 145.34% | 21.08% | -0.91% | 2.59% | -12.33% | 47.52% | 15.17% | -8.96% | -7.14% |
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 SIVR and BCD is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2017 | 0.44 |
The correlation between SIVR and BCD has been stable across timeframes, ranging from 0.44 to 0.51 - 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.
| SIVR | BCD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.43 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 4.42 | -1.79 |
| Martin ratioReturn relative to average drawdown | 5.67 | 12.57 | -6.90 |
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
| SIVR | BCD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.90 | 2.33 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.78 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.67 | -0.35 |
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 | -42.42% | -7.22% | -35.20% |
Max Drawdown (3Y)Largest decline over 3 years | -42.42% | -10.50% | -31.92% |
Max Drawdown (5Y)Largest decline over 5 years | -42.42% | -23.03% | -19.39% |
Max Drawdown (10Y)Largest decline over 10 years | -42.42% | — | — |
Current DrawdownCurrent decline from peak | -37.25% | -3.60% | -33.65% |
Average DrawdownAverage peak-to-trough decline | -47.85% | -9.86% | -37.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.64% | 2.54% | +17.10% |
Volatility
SIVR vs. BCD - Volatility Comparison
abrdn Physical Silver Shares ETF (SIVR) has a higher volatility of 16.28% compared to abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) at 4.33%. 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 | 16.28% | 4.33% | +11.95% |
Volatility (6M)Calculated over the trailing 6-month period | 58.30% | 11.74% | +46.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.84% | 13.72% | +45.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.17% | 15.41% | +20.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.87% | 13.90% | +17.97% |
SIVR vs. BCD - Expense Ratio Comparison
SIVR has a 0.30% expense ratio, which is higher than BCD's 0.29% expense ratio.
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 14.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIVR has higher volatility (16.28%) compared to BCD (4.33%). In terms of maximum drawdown, SIVR dropped -75.85% vs BCD's -29.81%.
On 5-year performance, SIVR leads with 21.00% vs 11.98% for BCD. On fees, BCD is cheaper at 0.29% per year. On volatility, BCD has been the lower-risk option at 4.33%. 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 21.00% return vs 11.98%. 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 0.30% for SIVR.
BCD has the higher dividend yield at 14.29%, compared with 0.00% for SIVR.
SIVR is categorized as Silver, while BCD is Commodities. They also come from different issuers: abrdn and Aberdeen. Their fees differ too: 0.30% for SIVR and 0.29% for BCD.
BCD currently has the higher Sharpe Ratio (2.33 vs 1.90), 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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