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BCM
iPath Pure Beta Broad Commodity ETN

Price: $23.52
Change: $0.18 (0.01%)
Category: Commodities
Last Updated:

Vitals

Investment Themes

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $19.82
  • 52 Week Hi $29.66
  • AUM $50.6 M
  • Shares 2.2 M

Analyst Report

This exchange-traded note offers exposure to a broad basket of commodities futures, including contracts linked to agricultural resources, precious and industrial metals, and various fuels. As such, BCM is one of many funds in the Commodities ETFdb Category that has the potential to bring diversification and return enhancement benefits to stock-and-bond portfolios; this ETF can be useful as either a components of a long-term portfolio or as a shorter-term play for those bullish on commodity prices. There are several ETPs offering similar exposure, and a handful of nuances that make BCM unique. First, it should be noted that BCM is an ETN, meaning that investors are exposed to the credit (default) risk of the bank behind the exchange-traded note, but will be able to avoid tracking error (which can be a big issue among some commodity ETFs). The ETN structure may also have some favorable tax characteristics relative to ETFs, especially for investors who intend to establish a position for more than a year. Another noteworthy attribute of BCM is the roll frequency of the underlying index; this ETN is linked to an index comprised of futures contracts, and as such may not correspond to movements in spot prices for the underlying resources. Unlike many commodity ETPs, BCM does not roll exposure on a predetermined schedule; the roll timing is based on a proprietary methodology designed to reduce the impact of contango or backwardation on returns. This feature, which is conceptually similar to the strategy behind DBC (a popular broad-based commodity ETF) may make BCM more appealing to investors looking to establish a position over the long term. Other broad-based commodity options to consider are DBC and USCI (both ETFs) as well as the cost efficient DJCI (an ETN). Be sure to take a look under the hood and examine the allocation across various commodity families; this mix can vary from ETP to ETP, and generally has a big impact on bottom line returns.

Historical Trading Data

  • 1 Month Avg. Volume 9,404
  • 3 Month Avg. Volume 7,408

Alternative ETFs in the Commodities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest BCI 0.25% $191.8 M 121,573 -20.19%
Largest (AUM) PDBC 0.58% $1.7 B 3 M -26.93%
Most Liquid (Volume) PDBC 0.58% $1.7 B 3 M -26.93%
Top YTD Performer FUT 0.75% $3.8 M 1,970 2.48%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.

10
Number of Holdings
100.00%
% Assets in Top 10
 
View Detailed Analysis
 
Number of Holdings
10
Rank
22 of 26
Low
CMDY (1)
High
COMT (163)
% Assets in Top 10
100.00%
Rank
21 of 25
Low
GCC (58.92%)
High
FUT (134.00%)

 
View Summary Analysis
 

Sector Breakdown

BCM Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.

P/E Ratio
No Ranking Available
Rank
N/A
Low
BCI (9.3)
High
DBMF (18.56)

BCM Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.

Dividend
n/a
Dividend Date
n/a
Annual Dividend Rate
n/a

n/a
Dividend
n/a
Dividend Date
n/a
Annual Dividend Rate
Annual Dividend Yield
No Ranking Available
Rank
N/A
Low
FTGC (1.04%)
High
USOI (12.60%)

BCM Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 59.47 K 1 Month Net Flows: -31.18 K 3 Month Net Flows: 4.72 M 6 Month Net Flows: 4.59 M 1 Year Net Flows: 5.17 M 3 Year Net Flows: 7.54 M 5 Year Net Flows: 32.4 M 10 Year Net Flows: 67.78 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for BCM on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Commodities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Sign Up for Pro to Unlock Data Sign Up
Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A- n/a
Expenses B+ n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

BCM Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.

Expenses Ratio Analysis

ETF Average
0.541%
ETF Wtd. Average
0.19%
Category Average
0.77%
Expense Ratio
0.60%
Rank
12 of 28
Low
COMB (0.25%)
High
BDRY (3.50%)
ESG Themes and Scores

BCM does not have an ESG score. There are no ESG themes that map to this ETF.

BCM Performance

This section shows how this ETF has performed relative to its peer group ETFdb.com Category.

4.47%
1 Week Return
-0.26%
4 Week Return
-18.97%
13 Week Return
-14.33%
26 Week Return
-19.25%
Year to Date Return
-18.28%
1 Year Return
-13.26%
3 Year Return
-23.48%
5 Year Return
 
View Detailed Analysis
 
1 Week Return
4.47%
Rank
9 of 28
Low
FUT (-0.75%)
High
GRN (16.16%)
4 Week Return
-0.26%
Rank
4 of 28
Low
GSC (-16.46%)
High
BDRY (6.37%)
13 Week Return
-18.97%
Rank
9 of 28
Low
USOI (-50.79%)
High
FUT (2.61%)
26 Week Return
-14.33%
Rank
9 of 27
Low
BDRY (-65.81%)
High
FUT (1.13%)
Year to Date Return
-19.25%
Rank
9 of 28
Low
BDRY (-52.43%)
High
FUT (2.48%)
1 Year Return
-18.28%
Rank
5 of 25
Low
USOI (-55.59%)
High
FUT (2.10%)
3 Year Return
-13.26%
Rank
4 of 19
Low
GSC (-43.41%)
High
FUT (1.64%)
5 Year Return
-23.48%
Rank
1 of 14
Low
GSP (-57.90%)
High
BCM (-23.48%)

 
View Summary Analysis
 

BCM Charts

BCM Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

 
View Detailed Analysis
 
5 Day Volatility
150.70%
Rank
4 of 28
Low
BCD (9.94%)
High
GSC (382.64%)
20 Day Volatility
73.03%
Rank
6 of 28
Low
FUT (7.77%)
High
GSC (189.43%)
50 Day Volatility
50.26%
Rank
7 of 28
Low
FUT (6.35%)
High
GSC (127.80%)
200 Day Volatility
36.24%
Rank
7 of 28
Low
FUT (5.01%)
High
GSC (100.00%)
Beta
0.44
Rank
13 of 28
Low
GRN (-5.07)
High
DJCB (1.32)
Standard Deviation
1.54%
Rank
11 of 25
Low
RJI (0.42%)
High
BDRY (4.52%)

 
View Summary Analysis
 

Technicals

  • 20 Day MA $22.87
  • 60 Day MA $25.64
  • MACD 15 Period 0.47
  • MACD 100 Period -3.27
  • Williams % Range 10 Day 11.81
  • Williams % Range 20 Day 33.77
  • RSI 10 Day 52
  • RSI 20 Day 45
  • RSI 30 Day 44
  • Ultimate Oscillator 54

Bollinger Brands

  • Lower Bollinger (10 Day) $22.02
  • Upper Bollinger (10 Day) $23.80
  • Lower Bollinger (20 Day) $21.66
  • Upper Bollinger (20 Day) $23.96
  • Lower Bollinger (30 Day) $20.74
  • Upper Bollinger (30 Day) $26.69

Support & Resistance

  • Support Level 1 $23.45
  • Support Level 2 $23.39
  • Resistance Level 1 $23.65
  • Resistance Level 2 $23.77

Stochastic

  • Stochastic Oscillator %D (1 Day) 39.60
  • Stochastic Oscillator %D (5 Day) 78.96
  • Stochastic Oscillator %K (1 Day) 47.45
  • Stochastic Oscillator %K (5 Day) 69.21

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Download the fact sheet PDF

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