abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) — Stock Correlations & Overview
Over the past year, BCI has moved most closely with BCD, CMCI, DJP. Explore the stocks most correlated and inversely correlated with BCI below, along with its price, financials, and company profile.
Stocks correlated with BCI
Correlation of daily returns. Higher positive values move with BCI; negative values move opposite it. Informational only, not investment advice.
Most correlated with BCI
| Symbol | Company | Correlation |
|---|---|---|
| BCD | abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF | 0.96 |
| CMCI | VanEck CMCI Commodity Strategy ETF | 0.93 |
| DJP | iPath Bloomberg Commodity Index Total Return ETN due June 12, 2036 | 0.75 |
| DBC | Invesco DB Commodity Index Tracking FundCOMMODITY CONTRACTS BROKERS & DEALERS | 0.70 |
| PDBC | Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 0.70 |
Most inversely correlated with BCI
| Symbol | Company | Correlation |
|---|---|---|
| SCO | ProShares UltraShort Bloomberg Crude OilCOMMODITY CONTRACTS BROKERS & DEALERS | -0.57 |
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.46 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.43 |
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.43 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.42 |
Frequently asked questions about BCI correlations
- Which stocks are most correlated with BCI?
- Based on one year of daily returns, the stocks most correlated with abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) are BCD (0.96), CMCI (0.93) and DJP (0.75). 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 BCI?
- Over the past year, the stocks most inversely correlated with abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) are SCO (-0.57), DRIP (-0.46) and WTID (-0.43). 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 BCI correlations calculated?
- We compute the correlation of daily returns between BCI 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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