Which stocks are most correlated with BCD?

Based on one year of daily returns, the stocks most correlated with abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) are BCI (0.96), CMCI (0.94) and USAF (0.65). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with BCD?

Over the past year, the stocks most inversely correlated with abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) are SCO (-0.46), GLL (-0.37) and DULL (-0.36). A negative correlation means the two stocks have tended to move in opposite directions.

abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) — Stock Correlations & Overview

Over the past year, BCD has moved most closely with BCI, CMCI, USAF. Explore the stocks most correlated and inversely correlated with BCD below, along with its price, financials, and company profile.

Stocks correlated with BCD

Correlation of daily returns. Higher positive values move with BCD; negative values move opposite it. Informational only, not investment advice.

Most correlated with BCD

Symbol	Company	Correlation
BCI	abrdn Bloomberg All Commodity Strategy K-1 Free ETF	0.96
CMCI	VanEck CMCI Commodity Strategy ETF	0.94
USAF	Atlas America Fund	0.65
FARX	Frontier Asset Absolute Return ETF	0.64
DJP	iPath Bloomberg Commodity Index Total Return ETN due June 12, 2036	0.62

Most inversely correlated with BCD

Symbol	Company	Correlation
SCO	ProShares UltraShort Bloomberg Crude OilCOMMODITY CONTRACTS BROKERS & DEALERS	-0.46
GLL	ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS	-0.37
DULL	MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.36
DRIP	Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF	-0.35
WTID	MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC	-0.33

Frequently asked questions about BCD correlations

Which stocks are most correlated with BCD?: Based on one year of daily returns, the stocks most correlated with abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) are BCI (0.96), CMCI (0.94) and USAF (0.65). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with BCD?: Over the past year, the stocks most inversely correlated with abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) are SCO (-0.46), GLL (-0.37) and DULL (-0.36). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these BCD correlations calculated?: We compute the correlation of daily returns between BCD and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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