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iPath Pure Beta Broad Commodity ETN

BCM
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Apr 20 2011
Expense Ratio
0.70%
Type
Global Commodities & Metals
Fund Owner
Barclays iPath
Volume (1m avg. daily)
$47,747
AUM
$40,972,630
Associated Index
Barclays Capital Commodity Index Pure Beta TR
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

Invest with BCM

What is BCM?

The iPath Pure Beta Broad Commodity ETN is linked to the Barclays Capital Commodity Index Pure Beta TR (the "Index") and reflects the returns that are potentially available through an unleveraged investment in the futures contracts on physical commodities comprising the Index, while mitigating the effects of certain distortions in the commodity markets on such returns through the application of the Barclays Capital Pure Beta Series 2 Methodology. The Index is comprised of a basket of exchange traded futures contracts. However, unlike many commodity indices which roll their exposure to the corresponding futures contract on a monthly basis in accordance with a pre-determined roll schedule, the Index may roll into one of a number of futures contracts with varying expiration dates, as selected using the Barclays Capital Pure Beta Series 2 Methodology. In addition, the Index reflects the rate of interest that could be earned on cash collateral invested in specified Treasury Bills.

ETFs related toBCM

ETFs correlated to BCM include NBCM, DBC, GCC

BCM
Barclays Bank PLC - iPath Pure Beta Broad Commodity ETN
NBCM
Neuberger Berman ETF Trust - Commodity Strategy ETF
DBC
DB Commodity Services LLC - Invesco DB Commodity Index Tracking Fund
GCC
WisdomTree Commodity Services LLC - WisdomTree EnhancedContinuous Commodity Index Fund
PDBC
Invesco Capital Management LLC - Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
GSG
BlackRock Institutional Trust Company N.A. - iShares S&P GSCI Commodity-Indexed Trust
COMT
BlackRock Institutional Trust Company N.A. - iShares GSCI Commodity Dynamic Roll Strategy ETF
FTGC
First Trust Exchange-Traded Fund III - First Trust Global Tactical Commodity Strategy Fund
DJP
Barclays Bank PLC - iPath Bloomberg Commodity Total Return ETN
BCI
abrdn ETF - abrdn Bloomberg All Commodity Strategy K-1 Free ETF
BCD
abrdn ETF - abrdn Bloomberg All Comm Longer Dt Strategy K-1 Free ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toBCM

#DALIO

The Dalio

Category

Classic

Risk Rating

Conservative

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

Create your own algorithmic trading strategy with BCM using Composer

FAQ

BCM is a Global Commodities & Metals ETF. The iPath Pure Beta Broad Commodity ETN is linked to the Barclays Capital Commodity Index Pure Beta TR (the "Index") and reflects the returns that are potentially available through an unleveraged investment in the futures contracts on physical commodities comprising the Index, while mitigating the effects of certain distortions in the commodity markets on such returns through the application of the Barclays Capital Pure Beta Series 2 Methodology. The Index is comprised of a basket of exchange traded futures contracts. However, unlike many commodity indices which roll their exposure to the corresponding futures contract on a monthly basis in accordance with a pre-determined roll schedule, the Index may roll into one of a number of futures contracts with varying expiration dates, as selected using the Barclays Capital Pure Beta Series 2 Methodology. In addition, the Index reflects the rate of interest that could be earned on cash collateral invested in specified Treasury Bills.

The top holdings for BCM include

BCM has total holdings.

BCM tracks the Barclays Capital Commodity Index Pure Beta TR.

No, BCM is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, BCM is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BCM is 0.022%. This is the percent change in the value of BCM over the most recent 1-month period. The 3-month return on BCM is -0.0133%. This is the percent change in the value of BCM over the most recent 3-month period.

The standard deviation of BCM for the past year is 0.2913%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to BCM include GSP, CMDY, and UCIB.

ETFs correlated to BCM include NBCM, DBC, and GCC.

ETFs that are inversely correlated to BCM include SCO, ERY, and DUG.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.