USCI vs. BCI
USCI (United States Commodity Index Fund) and BCI (abrdn Bloomberg All Commodity Strategy K-1 Free ETF) are both Commodities funds. USCI is passively managed, while BCI is actively managed. Over the past 5 years, USCI returned 19.28%/yr vs 11.07%/yr for BCI. Their correlation of 0.81 suggests significant overlap in exposure. USCI charges 1.03%/yr vs 0.25%/yr for BCI.
Performance
USCI vs. BCI - Performance Comparison
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Returns By Period
In the year-to-date period, USCI achieves a 28.22% return, which is significantly higher than BCI's 26.68% return.
USCI
- 1D
- 0.11%
- 1M
- -1.22%
- YTD
- 28.22%
- 6M
- 26.35%
- 1Y
- 40.33%
- 3Y*
- 23.15%
- 5Y*
- 19.28%
- 10Y*
- 8.86%
BCI
- 1D
- -0.12%
- 1M
- -3.06%
- YTD
- 26.68%
- 6M
- 25.55%
- 1Y
- 38.68%
- 3Y*
- 15.96%
- 5Y*
- 11.07%
- 10Y*
- —
USCI vs. BCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USCI United States Commodity Index Fund | 28.22% | 17.63% | 17.24% | -0.00% | 29.47% | 33.07% | -11.47% | -1.68% | -11.76% | 8.61% |
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF | 26.68% | 15.07% | 5.47% | -8.79% | 15.09% | 26.18% | -2.77% | 7.06% | -11.21% | 2.94% |
Correlation
The correlation between USCI and BCI is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2017 | 0.81 |
The correlation between USCI and BCI has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.
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Return for Risk
USCI vs. BCI — Risk / Return Rank
USCI
BCI
USCI vs. BCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Commodity Index Fund (USCI) 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.
| USCI | BCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.41 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.64 | 5.10 | -0.46 |
| Martin ratioReturn relative to average drawdown | 16.18 | 13.14 | +3.04 |
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
| USCI | BCI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.43 | 2.30 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.05 | 0.66 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.48 | -0.18 |
Drawdowns
USCI vs. BCI - Drawdown Comparison
The maximum USCI drawdown since its inception was -66.41%, which is greater than BCI's maximum drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for USCI and BCI.
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Drawdown Indicators
| USCI | BCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.41% | -32.69% | -33.72% |
Max Drawdown (1Y)Largest decline over 1 year | -8.73% | -7.61% | -1.12% |
Max Drawdown (3Y)Largest decline over 3 years | -12.01% | -11.38% | -0.63% |
Max Drawdown (5Y)Largest decline over 5 years | -18.84% | -26.50% | +7.66% |
Max Drawdown (10Y)Largest decline over 10 years | -45.82% | — | — |
Current DrawdownCurrent decline from peak | -3.10% | -4.52% | +1.42% |
Average DrawdownAverage peak-to-trough decline | -29.51% | -12.00% | -17.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 2.95% | -0.45% |
Volatility
USCI vs. BCI - Volatility Comparison
The current volatility for United States Commodity Index Fund (USCI) is 4.51%, while abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) has a volatility of 5.16%. This indicates that USCI experiences smaller price fluctuations and is considered to be less risky 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
| USCI | BCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 5.16% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 13.93% | 14.80% | -0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.70% | 16.92% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.44% | 16.82% | +1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 15.65% | +0.20% |
USCI vs. BCI - Expense Ratio Comparison
USCI has a 1.03% expense ratio, which is higher than BCI's 0.25% expense ratio.
Dividends
USCI vs. BCI - Dividend Comparison
USCI has not paid dividends to shareholders, while BCI's dividend yield for the trailing twelve months is around 13.01%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF | 13.01% | 16.49% | 3.29% | 3.93% | 19.98% | 19.43% | 0.68% | 1.47% | 1.13% | 5.02% |
USCI United States Commodity Index Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
USCI and BCI have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCI has higher volatility (5.16%) compared to USCI (4.51%). In terms of maximum drawdown, USCI dropped -66.41% vs BCI's -32.69%.
On 5-year performance, USCI leads with 19.28% vs 11.07% for BCI. On fees, BCI is cheaper at 0.25% per year. On volatility, USCI has been the lower-risk option at 4.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, USCI has performed better with a 19.28% return vs 11.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BCI is cheaper with a 0.25% expense ratio, compared with 1.03% for USCI.
BCI has the higher dividend yield at 13.01%, compared with 0.00% for USCI.
They also come from different issuers: Concierge Technologies and Aberdeen. Their fees differ too: 1.03% for USCI and 0.25% for BCI.
USCI currently has the higher Sharpe Ratio (2.43 vs 2.30), 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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