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BCM
iPath Pure Beta Broad Commodity ETN

Price: $28.41
Change: $0.03 (-0.0%)
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 $29.0 M
  • Shares 1.0 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 2,178
  • 3 Month Avg. Volume 1,878

Alternative ETFs in the Commodities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest BCI 0.25% $299.1 M 64,831 -7.10%
Largest (AUM) PDBC 0.58% $2.6 B 1 M -11.90%
Most Liquid (Volume) PDBC 0.58% $2.6 B 1 M -11.90%
Top YTD Performer GRN 0.75% $6.0 M 300 14.47%

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
8 of 26
Low
GSG (1)
High
RJI (35)
% Assets in Top 10
100.00%
Rank
15 of 24
Low
SDCI (55.24%)
High
KRBN (100.01%)

 
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 (8.27)
High
BCI (8.27)

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
COM (0.38%)
High
USOI (16.59%)

BCM Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: -1.36 M 3 Month Net Flows: -1.74 M 6 Month Net Flows: -28.91 M 1 Year Net Flows: -23.52 M 3 Year Net Flows: -19.26 M 5 Year Net Flows: -1.86 M 10 Year Net Flows: 39.31 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
0.534%
ETF Wtd. Average
-0.13%
Category Average
0.74%
Expense Ratio
0.60%
Rank
12 of 26
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.

0.58%
1 Week Return
7.01%
4 Week Return
1.68%
13 Week Return
18.60%
26 Week Return
-2.44%
Year to Date Return
1.68%
1 Year Return
-1.32%
3 Year Return
12.47%
5 Year Return
 
View Detailed Analysis
 
1 Week Return
0.58%
Rank
23 of 27
Low
FUT (-0.10%)
High
KRBN (5.88%)
4 Week Return
7.01%
Rank
13 of 27
Low
BDRY (-2.22%)
High
GRN (19.16%)
13 Week Return
1.68%
Rank
17 of 26
Low
BDRY (-24.52%)
High
UCIB (5.91%)
26 Week Return
18.60%
Rank
14 of 25
Low
FUT (-0.30%)
High
BDRY (42.37%)
Year to Date Return
-2.44%
Rank
7 of 25
Low
USOI (-76.49%)
High
GRN (14.47%)
1 Year Return
1.68%
Rank
6 of 25
Low
USOI (-75.10%)
High
GRN (11.60%)
3 Year Return
-1.32%
Rank
4 of 20
Low
USOI (-76.82%)
High
COM (2.99%)
5 Year Return
12.47%
Rank
2 of 12
Low
GSG (-26.43%)
High
UCI (14.55%)

 
View Summary Analysis
 

BCM Price and Volume Chart

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
8.31%
Rank
27 of 27
Low
BCM (8.31%)
High
BDRY (392.15%)
20 Day Volatility
8.48%
Rank
15 of 27
Low
FUT (2.89%)
High
BDRY (47.45%)
50 Day Volatility
13.67%
Rank
12 of 27
Low
FUT (4.24%)
High
BDRY (47.07%)
200 Day Volatility
14.07%
Rank
12 of 25
Low
FUT (4.36%)
High
BDRY (53.30%)
Beta
0.55
Rank
16 of 27
Low
DJCB (-0.7)
High
GRN (2.65)
Standard Deviation
2.07%
Rank
8 of 25
Low
FUT (0.52%)
High
GRN (6.26%)

 
View Summary Analysis
 

Technicals

  • 20 Day MA $27.79
  • 60 Day MA $27.38
  • MACD 15 Period 0.39
  • MACD 100 Period 1.21
  • Williams % Range 10 Day 13.04
  • Williams % Range 20 Day 4.60
  • RSI 10 Day 73
  • RSI 20 Day 64
  • RSI 30 Day 60
  • Ultimate Oscillator 60

Bollinger Brands

  • Lower Bollinger (10 Day) $27.82
  • Upper Bollinger (10 Day) $28.52
  • Lower Bollinger (20 Day) $26.78
  • Upper Bollinger (20 Day) $28.81
  • Lower Bollinger (30 Day) $26.62
  • Upper Bollinger (30 Day) $28.67

Support & Resistance

  • Support Level 1 n/a
  • Support Level 2 $28.40
  • Resistance Level 1 n/a
  • Resistance Level 2 $28.42

Stochastic

  • Stochastic Oscillator %D (1 Day) 42.33
  • Stochastic Oscillator %D (5 Day) 81.45
  • Stochastic Oscillator %K (1 Day) 48.93
  • Stochastic Oscillator %K (5 Day) 81.23

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

Disclosures

Copyright © 2020 FactSet Research Systems Inc. All rights reserved.

Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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