BCD abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF
TREND FOLLOWING PERFORMANCE HISTORY
2026-05-31
Executive Summary
The quantitative backtest for BCD (abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF) using the Excess Return MMA CA* strategy in a Investing context demonstrated its primary role in risk mitigation, experiencing a maximum drawdown of -10.0% (compared to the benchmark's drawdown of -24.2%). Over the evaluated period, this protective approach generated a Compound Annual Growth Rate (CAGR) of 13.9%, compared to a Buy-and-Hold benchmark return of 12.2%. The strategy executed 34 total trades.
* Excess Return MMA CA: Multi-Moving Average (Triple-Band) model utilizing sophisticated long/short cross durations optimized against volatility, with a month-end dynamic Cash Alternative sleeve rotation.
* Excess Return MMA CA: Multi-Moving Average (Triple-Band) model utilizing sophisticated long/short cross durations optimized against volatility, with a month-end dynamic Cash Alternative sleeve rotation.
📊 Mathematical Model
Excess Return MMA
Advanced Ensemble: Uses multiple signal layers for maximum trend stability and noise reduction.
Excess Return MMA CA Active
Advanced Dynamic Sleeve: MMA ensemble signals on the primary asset combined with a momentum-based cash alternative ETF rotation.
Excess Return SMA
Standard Signal: Classical quantitative trend following optimized for reliable directionality.
Moving Average (50/200)
Moving Average: The baseline 50/200-day crossover model used by technical analysts worldwide.
BCD Quality Metrics & KPI Summary
| Metric | 1Y | 5Y | Full History | |||
|---|---|---|---|---|---|---|
| Strategy | B&H | Strategy | B&H | Strategy | B&H | |
| CAGR | 31.06% | 32.43% | 11.59% | 11.93% | 13.88% | 12.25% |
| Sharpe Ratio | 2.08 | 2.03 | 0.95 | 0.73 | 1.21 | 0.78 |
| Max Drawdown | -7.22% | -7.22% | -10.03% | -23.03% | -10.03% | -24.17% |
| % Time Invested | 100.0% | 100.0% | 84.5% | 100.0% | 77.9% | 100.0% |
| Trades / Year | 0.0 | 0.0 | 5.8 | 0.0 | 4.8 | 0.0 |
Cumulative Growth Performance
Return Distribution Analysis
Trade History
This log shows every signal-driven transition. Completed trades reflect standard market cycles. An Open / Mark-to-Market exit denotes a position currently held active, valued at the latest price. Interest entries record cash yields accrued during out-of-market periods.
| Entry Date | Exit Date | Type | Allocation | Entry Price | Exit Price | Net Return % | Exit Reason |
|---|---|---|---|---|---|---|---|
| 2026-02-26 | Open | Open | 33.33% | $33.65 | $36.94 | 9.78% | Mark-to-Market |
| 2026-02-26 | Open | Open | 33.33% | $33.65 | $36.94 | 9.78% | Mark-to-Market |
| 2025-08-29 | Open | Open | 33.33% | $28.51 | $36.94 | 29.57% | Mark-to-Market |
| 2026-02-03 | 2026-02-26 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.26% | Interest Income |
| 2026-02-03 | 2026-02-26 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.26% | Interest Income |
| 2025-04-30 | 2026-02-03 | Completed | 33.33% | $27.75 | $32.92 | 18.61% | Stop |
| 2025-04-30 | 2026-02-03 | Completed | 33.33% | $27.75 | $32.92 | 18.61% | Stop |
| 2025-06-26 | 2025-08-29 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.96% | Interest Income |
| 2024-12-05 | 2025-06-26 | Completed | 33.33% | $26.50 | $28.43 | 7.27% | Signal |
| 2025-04-07 | 2025-04-30 | Interest (FLOT) | 33.33% | $1.00 | $1.02 | 1.64% | Interest Income |
| 2025-04-07 | 2025-04-30 | Interest (FLOT) | 33.33% | $1.00 | $1.02 | 1.64% | Interest Income |
| 2025-01-16 | 2025-04-07 | Completed | 33.33% | $28.00 | $27.11 | -3.17% | Stop |
| 2025-01-16 | 2025-04-07 | Completed | 33.33% | $28.00 | $27.11 | -3.17% | Stop |
| 2024-11-18 | 2025-01-16 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.96% | Interest Income |
| 2024-10-02 | 2025-01-16 | Interest (FLOT) | 33.33% | $1.00 | $1.02 | 1.75% | Interest Income |
| 2024-10-02 | 2024-12-05 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.06% | Interest Income |
| 2024-08-20 | 2024-11-18 | Completed | 33.33% | $25.83 | $26.05 | 0.86% | Signal |
| 2024-08-06 | 2024-10-01 | Interest (SHV) | 33.33% | $1.00 | $1.01 | 0.86% | Interest Income |
| 2024-08-02 | 2024-10-01 | Interest (SHV) | 33.33% | $1.00 | $1.01 | 0.96% | Interest Income |
| 2024-08-02 | 2024-08-20 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.27% | Interest Income |
| 2024-04-08 | 2024-08-06 | Completed | 33.33% | $26.91 | $25.00 | -7.07% | Stop |
| 2024-07-30 | 2024-08-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.05% | Interest Income |
| 2024-07-29 | 2024-08-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.07% | Interest Income |
| 2024-04-08 | 2024-07-30 | Completed | 33.33% | $26.91 | $25.42 | -5.54% | Stop |
| 2024-04-08 | 2024-07-29 | Completed | 33.33% | $26.91 | $25.65 | -4.65% | Stop |
| 2023-12-05 | 2024-04-08 | Interest (FLOT) | 33.33% | $1.00 | $1.03 | 2.53% | Interest Income |
| 2023-08-25 | 2024-04-08 | Interest (FLOT) | 33.33% | $1.00 | $1.04 | 4.25% | Interest Income |
| 2023-06-02 | 2024-04-08 | Interest (FLOT) | 33.33% | $1.00 | $1.06 | 5.81% | Interest Income |
| 2023-09-08 | 2023-12-05 | Completed | 33.33% | $26.43 | $25.44 | -3.76% | Signal |
| 2023-06-02 | 2023-09-08 | Interest (FLOT) | 33.33% | $1.00 | $1.02 | 1.78% | Interest Income |
| 2023-05-26 | 2023-08-25 | Completed | 33.33% | $24.75 | $26.20 | 5.89% | Signal |
| 2023-05-12 | 2023-06-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.23% | Interest Income |
| 2023-05-12 | 2023-06-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.23% | Interest Income |
| 2023-05-04 | 2023-05-26 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.25% | Interest Income |
| 2023-04-19 | 2023-05-12 | Completed | 33.33% | $26.46 | $25.11 | -5.12% | Stop |
| 2023-04-19 | 2023-05-12 | Completed | 33.33% | $26.46 | $25.11 | -5.12% | Stop |
| 2023-04-11 | 2023-05-04 | Completed | 33.33% | $26.31 | $25.18 | -4.31% | Stop |
| 2023-04-04 | 2023-04-19 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.17% | Interest Income |
| 2023-04-04 | 2023-04-19 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.17% | Interest Income |
| 2023-04-04 | 2023-04-11 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.08% | Interest Income |
| 2023-03-17 | 2023-04-03 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.15% | Interest Income |
| 2022-12-02 | 2023-04-03 | Interest (FLOT) | 33.33% | $1.00 | $1.02 | 1.87% | Interest Income |
| 2022-12-02 | 2023-04-03 | Interest (FLOT) | 33.33% | $1.00 | $1.02 | 1.87% | Interest Income |
| 2023-03-02 | 2023-03-17 | Completed | 33.33% | $26.47 | $25.27 | -4.53% | Stop |
| 2023-02-07 | 2023-03-02 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.54% | Interest Income |
| 2022-09-29 | 2023-02-07 | Completed | 33.33% | $26.27 | $26.41 | 0.52% | Stop |
| 2022-11-29 | 2022-12-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.05% | Interest Income |
| 2022-10-04 | 2022-12-01 | Interest (BIL) | 33.33% | $1.00 | $1.01 | 0.52% | Interest Income |
| 2022-09-29 | 2022-11-29 | Completed | 33.33% | $26.27 | $27.19 | 3.51% | Signal |
| 2022-09-02 | 2022-10-03 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.05% | Interest Income |
| 2022-09-07 | 2022-09-29 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.02% | Interest Income |
| 2022-09-07 | 2022-09-29 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.02% | Interest Income |
| 2022-07-11 | 2022-09-07 | Completed | 33.33% | $26.59 | $27.04 | 1.72% | Stop |
| 2022-07-11 | 2022-09-07 | Completed | 33.33% | $26.59 | $27.04 | 1.72% | Stop |
| 2022-08-23 | 2022-09-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.08% | Interest Income |
| 2022-07-19 | 2022-08-23 | Completed | 33.33% | $26.56 | $28.83 | 8.55% | Signal |
| 2022-06-24 | 2022-07-19 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income |
| 2022-06-15 | 2022-07-11 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.06% | Interest Income |
| 2022-06-15 | 2022-07-11 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.06% | Interest Income |
| 2022-04-08 | 2022-06-24 | Completed | 33.33% | $29.33 | $27.70 | -5.54% | Stop |
| 2022-05-18 | 2022-06-15 | Completed | 33.33% | $30.53 | $29.93 | -1.96% | Stop |
| 2022-05-18 | 2022-06-15 | Completed | 33.33% | $30.53 | $29.93 | -1.96% | Stop |
| 2022-04-26 | 2022-05-18 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income |
| 2022-04-26 | 2022-05-18 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income |
| 2022-04-01 | 2022-04-26 | Completed | 33.33% | $28.45 | $29.76 | 4.61% | Stop |
| 2022-04-01 | 2022-04-26 | Completed | 33.33% | $28.45 | $29.76 | 4.61% | Stop |
| 2022-03-17 | 2022-04-08 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income |
| 2022-03-10 | 2022-04-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income |
| 2022-03-10 | 2022-04-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income |
| 2020-07-09 | 2022-03-17 | Completed | 33.33% | $14.61 | $27.87 | 90.75% | Stop |
| 2021-12-23 | 2022-03-10 | Completed | 33.33% | $23.07 | $28.80 | 24.84% | Stop |
| 2021-12-23 | 2022-03-10 | Completed | 33.33% | $23.07 | $28.80 | 24.84% | Stop |
| 2021-12-01 | 2021-12-23 | Interest (BIL) | 33.33% | $1.00 | $1.00 | -0.01% | Interest Income |
| 2021-12-01 | 2021-12-23 | Interest (BIL) | 33.33% | $1.00 | $1.00 | -0.01% | Interest Income |
| 2021-09-15 | 2021-12-01 | Completed | 33.33% | $22.40 | $22.44 | 0.15% | Stop |
| 2021-09-15 | 2021-12-01 | Completed | 33.33% | $22.40 | $22.44 | 0.15% | Stop |
| 2021-09-02 | 2021-09-15 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.04% | Interest Income |
| 2021-09-02 | 2021-09-15 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.04% | Interest Income |
| 2021-08-23 | 2021-09-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | -0.01% | Interest Income |
| 2021-08-23 | 2021-09-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | -0.01% | Interest Income |
| 2020-07-09 | 2021-08-23 | Completed | 33.33% | $14.61 | $20.88 | 42.96% | Stop |
| 2020-07-09 | 2021-08-23 | Completed | 33.33% | $14.61 | $20.88 | 42.96% | Stop |
| 2020-06-02 | 2020-07-09 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.66% | Interest Income |
| 2020-06-02 | 2020-07-09 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.66% | Interest Income |
| 2020-06-02 | 2020-07-09 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.66% | Interest Income |
| 2020-03-03 | 2020-06-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.39% | Interest Income |
| 2020-03-03 | 2020-06-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.39% | Interest Income |
| 2020-03-03 | 2020-06-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.39% | Interest Income |
| 2020-03-02 | 2020-03-02 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.05% | Interest Income |
| 2019-11-22 | 2020-03-02 | Completed | 33.33% | $16.01 | $15.08 | -5.83% | Stop |
| 2019-04-30 | 2020-03-02 | Interest (FLOT) | 33.33% | $1.00 | $1.02 | 2.28% | Interest Income |
| 2019-04-30 | 2020-03-02 | Interest (FLOT) | 33.33% | $1.00 | $1.02 | 2.28% | Interest Income |
| 2019-06-21 | 2019-11-22 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.36% | Interest Income |
| 2019-05-02 | 2019-06-21 | Completed | 33.33% | $16.16 | $16.02 | -0.87% | Signal |
| 2019-04-30 | 2019-05-02 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.03% | Interest Income |