BCD vs NBCM: how they differ

BCD and NBCM hold 0% of their weight in the same names, and NBCM returned +43.3% over the year. abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF and Neuberger Commodity Strategy ETF.

BCD costs 0.35 points a year less; their one-year returns differ by 11.5 points.

BCDNBCM
Expense ratio0.30%0.65%
Net assets, BCD as of Oct 8, 2026 and NBCM as of May 31, 2026$445m$425m
Total return, 1 year+31.8%+43.3%
Holdings in common0%

Holdings in common uses holdings dated May 31, 2026 and Jun 30, 2026.

+31.8%
BCD total return, 1 year
+43.3%
NBCM total return, 1 year
0.30%
BCD expense ratio
0.65%
NBCM expense ratio

What they hold in common

By the books each fund has filed, BCD and NBCM hold 0% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Jun 30, 2026.

half

0% in common

Positions both hold, largest shared weight first
Holding BCD NBCM
Only in BCD
United States Treasury 5.20%
United States Treasury 5.20%
United States Treasury 5.19%
United States Treasury 5.18%
United States Treasury 4.95%
United States Treasury 4.94%
United States Treasury 4.93%
United States Treasury 4.93%
Only in NBCM
US BANK NA CINCINNATI 1.92%
MORGAN STANLEY BANK NA 1.68%
MERCK & CO INC 1.59%
JPMORGAN CHASE & CO 1.54%
BANK OF AMERICA CORP 1.40%
BANK OF NY MELLON CORP 1.37%
ENTERPRISE PRODUCTS OPER 1.22%
ABBOTT LABORATORIES 1.20%

On the same fields

BCD
abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF
NBCM
Neuberger Commodity Strategy ETF
Where it sits Commodity ETF Commodity ETF
What it is Tracks an index Actively managed
Total return, 1 year +31.8% +43.3%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 +14.6 pts +26.1 pts
Expense ratio 0.30% 0.65%
Holdings 17 149
Net assets, BCD as of Oct 8, 2026 and NBCM as of May 31, 2026 $445m $425m

BCD and NBCM on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

BCD in plain words

BCD tracks an index. Over the year to Oct 9, 2026 it returned +31.8% with distributions reinvested. The prospectus expense ratio is 0.30% a year.

NBCM in plain words

NBCM is actively managed and tracks no index. The prospectus expense ratio is 0.65% a year.

Over the year to Oct 9, 2026 it returned +43.3% with distributions reinvested, against +40.2% for its benchmark, the Bloomberg Commodity Index.

Questions people ask

Which returned more over the last year, BCD or NBCM?
In the year to Oct 9, 2026, with distributions reinvested, BCD returned +31.8% and NBCM +43.3%.
Which is cheaper, BCD or NBCM?
BCD is cheaper, by 0.35 percentage points a year. On $10,000 held for a year that difference is about $35. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

Cite this page

ETFIQ, BCD against NBCM, data as of Oct 9, 2026. https://etfiq.com/compare/any/bcd-vs-nbcm

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.