BCI vs SPY

Comparison between abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed BCI, delivering a return of +13.3% compared to +11.3%

BCI vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BCI(ETF)	SPY(ETF)
Net Assets	$2.50B	$652B
Expense Ratio	0.26%	0.09%
Max Drawdown	40.40%	56.47%
Sharpe Ratio	1.93	2.07
5Y Beta	0.16	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	84.75%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	N/A	22.35%
P/S Ratio	N/A	3.55
P/B Ratio	N/A	5.29

Net Assets

BCI

$2.50B

Winner

SPY

$652B

Expense Ratio

BCI

0.26%

Winner

SPY

0.09%

Max Drawdown

Winner

BCI

40.40%

SPY

56.47%

Sharpe Ratio

BCI

1.93

Winner

SPY

2.07

5Y Beta

Winner

BCI

0.16

SPY

1.00

P/E Ratio

BCI

N/A

SPY

28.24

Forward P/E

BCI

N/A

SPY

21.85

5Y Dividends CAGR

Winner

BCI

84.75%

SPY

5.43%

5Y EPS CAGR

BCI

N/A

SPY

25.79%

Debt to Equity

BCI

N/A

SPY

22.35%

P/S Ratio

BCI

N/A

SPY

3.55

P/B Ratio

BCI

N/A

SPY

5.29

BCI vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	BCI	SPY
1 month	+5.25%	+9.11%
3 months	+17.30%	+6.59%
6 months	+30.55%	+10.56%
1 year	+40.51%	+32.04%
5 years(CAGR)	+11.35%	+13.35%
10 years(CAGR)	+7.57%	+15.49%
Max(CAGR)	+7.57%	+8.50%

BCI

+5.25%

Winner

SPY

+9.11%

Winner

BCI

+17.30%

SPY

+6.59%

Winner

BCI

+30.55%

SPY

+10.56%

Winner

BCI

+40.51%

SPY

+32.04%

5Y(CAGR)

BCI

+11.35%

Winner

SPY

+13.35%

10Y(CAGR)

BCI

+7.57%

Winner

SPY

+15.49%

Max(CAGR)

BCI

+7.57%

Winner

SPY

+8.50%

BCI vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	BCI	SPY
2026	+27.20%	+8.27%
2025	+14.07%	+18.00%
2024	+6.12%	+25.59%
2023	-6.42%	+26.72%
2022	+14.85%	-18.64%
2021	+25.51%	+30.52%
2020	-2.79%	+17.28%
2019	+7.26%	+31.09%
2018	-11.66%	-5.24%
2017	+2.93%	+20.78%
2016	N/A	+13.59%
2015	N/A	+1.31%
2014	N/A	+14.56%
2013	N/A	+29.00%
2012	N/A	+14.17%
2011	N/A	+0.85%
2010	N/A	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

BCI vs SPY Drawdown Comparison

The maximum drawdown for BCI was -32.69%, occurring on Mar 18, 2020. Recovery took 735 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current BCI drawdown is -2.51%.

Rank	BCI	SPY
#1	-32.69% May 23, 2018 - Apr 26, 2021	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-26.44% Jun 7, 2022 - Jan 23, 2026	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-11.67% Mar 8, 2022 - Apr 18, 2022	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-10.46% Oct 25, 2021 - Jan 27, 2022	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-8.26% Apr 18, 2022 - Jun 6, 2022	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-8.12% Apr 11, 2017 - Nov 2, 2017	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-7.61% Jan 29, 2026 - Mar 4, 2026	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-6.51% Jul 29, 2021 - Sep 13, 2021	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-5.69% Jan 26, 2018 - May 21, 2018	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-5.29% Jun 11, 2021 - Jul 2, 2021	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-5.09% Nov 6, 2017 - Dec 29, 2017	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-4.70% Mar 18, 2026 - Mar 30, 2026	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-4.41% Apr 6, 2026 - Apr 28, 2026	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-4.00% Sep 15, 2021 - Sep 27, 2021	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-3.62% May 11, 2021 - Jun 1, 2021	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between BCI and SPY is 0.83 which considered as a strong positive correlation - the stocks tend to move together.

0.83

-101

Dividend Comparison (1999 - 2026)

BCI vs SPY dividend yield comparison.

Year	BCI	SPY
2026	0.00%	0.24%
2025	16.49%	1.07%
2024	3.29%	1.21%
2023	3.93%	1.40%
2022	19.98%	1.65%
2021	19.43%	1.20%
2020	0.68%	1.52%
2019	1.47%	1.75%
2018	1.13%	2.04%
2017	5.02%	1.80%
2016	0.00%	2.03%
2015	0.00%	2.06%
2014	0.00%	1.87%
2013	0.00%	1.81%
2012	0.00%	2.18%
2011	0.00%	2.05%
2010	0.00%	1.80%
2009	0.00%	1.95%
2008	0.00%	3.02%
2007	0.00%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%