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BCD

abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF
TREND FOLLOWING PERFORMANCE HISTORY
2026-09-09
Executive Summary
The quantitative backtest for BCD (abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF) using the Excess Return SMA* strategy in a Investing context demonstrated its primary role in risk mitigation, experiencing a maximum drawdown of -27.1% (compared to the benchmark's drawdown of -24.2%). Over the evaluated period, this protective approach generated a Compound Annual Growth Rate (CAGR) of 12.6%, compared to a Buy-and-Hold benchmark return of 12.7%. The strategy executed 4 total trades.

* Excess Return SMA: Advanced Single Moving Average model utilizing custom duration weighting and dynamic Stop Loss limits.

🛡️ BCD Drawdown Shield & Downside Protection

Why Drawdown Dictates Longevity →
Peak Drawdown Defense
-27.1% (vs -24.2% B&H)
-2.9% shallower drawdown
Sortino Ratio
0.99
vs 1.04 B&H
Capital Sheltered from Risk
33.2% of Time
Earning Treasury yield during downturns
* Drawdown Shield demonstrates how systematic trend-following bounded historical drawdowns and protected principal capital compared to passive Buy & Hold.

📊 BCD Quality Metrics & KPI Summary

Metric 1Y5YFull
StrategyB&HStrategyB&HStrategyB&H
Max Drawdown-12.70%-12.70%-27.08%-23.03%-27.08%-24.17%
Sharpe Ratio2.152.150.660.770.940.81
Sortino Ratio2.912.910.740.990.991.04
CAGR36.53%36.53%9.54%12.51%12.56%12.68%
% Time Invested100.0%100.0%75.0%100.0%66.8%100.0%
Trades / Year0.00.00.60.00.50.0

Cumulative Growth Performance

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Hydrating Performance Trajectory... Loading historical performance data
Figure 1: Cumulative Trajectory Analysis. Logarithmic growth comparison of BCD under the Excess Return SMA strategy (Investing) versus Buy & Hold. The strategy produced a 12.6% CAGR with a -27.1% Max Drawdown across 4 trade signals (compared to Buy & Hold's 12.7% CAGR and -24.2% Max Drawdown).

Return Distribution Analysis

Histogram of monthly return distribution for BCD under Excess Return SMA strategy in Investing context, illustrating downside risk mitigation and return skewness.
Figure 2: Monthly Return Distribution Profile. Monthly return distribution for BCD under Excess Return SMA (Investing). Visualizes return frequency, volatility clustering, and tail-risk truncation relative to standard buy-and-hold returns.
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Top 5 non-correlated asset sleeves evaluated on 1Y daily percentage returns (Pearson r). Compare them side-by-side in Compare Studio to analyze portfolio diversification.

Diversifier Asset Category 1Y Correlation (r) Action
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Trade History

This log shows every signal-driven transition. Completed trades reflect standard market cycles. An Open or Mark-to-Market exit denotes an active position (either in the primary asset or a cash/yield sleeve) valued at the current price for reporting purposes. Interest entries record yield accrued from cash or cash alternatives (like BIL) during out-of-market defensive periods.

Entry DateExit DateTypeAllocationEntry PriceExit PriceNet Return %Exit Reason
🔒 Active Positions & Recent Execution Signals Hidden
Trading on delayed data carries high execution risk. Current allocations, pending next-day rebalances, and active execution signals (last 60 days) require a Premium subscription.
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2024-07-30 2025-01-16 Interest (CASH) 100% $1.00 $1.02 2.19% Interest Income
2024-04-08 2024-07-30 Completed 100% $26.91 $25.42 -5.59% Stop
2023-08-10 2024-04-08 Interest (CASH) 100% $1.00 $1.04 3.57% Interest Income
2023-06-23 2023-08-10 Completed 100% $25.27 $26.48 4.72% Signal
2023-05-31 2023-06-23 Interest (CASH) 100% $1.00 $1.00 0.34% Interest Income
2022-07-27 2023-05-31 Completed 100% $27.64 $24.43 -11.66% Stop
2022-07-05 2022-07-27 Interest (CASH) 100% $1.00 $1.00 0.15% Interest Income
2020-07-09 2022-07-05 Completed 100% $14.61 $26.45 80.97% Stop
2019-04-30 2020-07-09 Interest (CASH) 100% $1.00 $1.02 1.62% Interest Income

Next Steps: Portfolio Integration & Comparative Analysis

Single-ticker trend following is designed to truncate tail risk inside a broader portfolio. View where BCD ranks across 40+ tracked assets, evaluate correlation against non-correlated diversifiers, or model it inside a custom all-weather asset mix.

📊 View Full 40-Asset Backtest Matrix → 🛠️ Build Custom Portfolio with BCD → ⚖️ Compare BCD vs Non-Correlated Assets →