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Commodity Hedge Fund Index

Bridge Alternatives Commodity Hedge Fund Indices


Equal Weight

October 2021 2021 YTD

2.77%

16.15%


Asset Weight

October 2021 2021 YTD

4.26%

16.22%

The Bridge Alternatives Commodity Hedge Fund Index is designed as a benchmark to track the performance of the largest commodity-focused hedge funds. It is the first commodity hedge fund index to be transparent and to give an accurate representation of where assets are allocated within the commodity hedge fund space. Index performance is reported on a monthly basis and includes the largest 15 hedge fund managers by strategy assets under management. The index is rebalanced and reconstituted on an annual basis. The most recent month’s performance may be estimated and subject to revision.

Date Equal Weight Value Asset Weight Value BCOM Value SP500 TR Value
Dec 2013 1000 1000 1000 1000
Jan 2014 1033.127 1035.483 1002.9764620151547 965.4239225771605
Feb 2014 1043.604974034 1041.431849835 1065.5145515262461 1009.5879765113305
Mar 2014 1030.773850878252 1025.1199027710345 1069.8959067722803 1018.0721676060016
Apr 2014 1041.6072840509823 1030.7959916726777 1095.9569329328378 1025.5972232514503
May 2014 1042.564521145025 1032.7709967927226 1064.4520936147858 1049.67438526252
Jun 2014 1043.5184676818728 1042.430503925725 1070.799983411438 1071.3567699457171
Jul 2014 1044.1821454273186 1047.8907549052878 1017.4361587209429 1056.5811196022082
Aug 2014 1059.8177288729473 1059.1031859827744 1006.8024953937127 1098.848165821221
Sep 2014 1067.5257832150403 1067.1597839185454 944.1210333094385 1083.4421299544836
Oct 2014 1060.9519594420021 1057.718621310218 936.5313711434068 1109.9049909697821
Nov 2014 1077.6608918512543 1066.3199891387126 898.4345531851029 1139.7548810391254
Dec 2014 1116.6819150842962 1089.94537481807 829.9186568004219 1136.8835671212803
Jan 2015 1141.6364058406848 1106.714184409646 802.197589523928 1102.7539260658311
Feb 2015 1141.4172116507634 1094.5314746676645 822.8645682135499 1166.1332623716064
Mar 2015 1132.7995117028001 1089.553545520876 780.5996765230371 1147.6901200784746
Apr 2015 1118.0946412413862 1084.418479660836 825.3579870964682 1158.7017345720756
May 2015 1120.8798149927186 1086.0342631955307 803.0886322927961 1173.6010129840836
Jun 2015 1110.062203898224 1081.5304791060587 816.9614098697996 1150.8811357592112
Jul 2015 1120.9963166066213 1079.9590153199176 730.2079692242676 1174.994460262141
Aug 2015 1109.4309976081909 1078.4503125755157 723.499080717179 1104.1021023678402
Sep 2015 1107.9898467422977 1086.6929083145303 698.7758036072228 1076.7826517517942
Oct 2015 1118.4636747635525 1095.056096936919 695.6579438477175 1167.6142053868464
Nov 2015 1138.640759456287 1110.6705018231426 645.1931678821742 1171.0856839631638
Dec 2015 1137.8835633512485 1111.94221954773 625.2841284981632 1152.6153670201857
Jan 2016 1114.9290382277638 1093.2538066637912 614.7752743530962 1095.4188818454957
Feb 2016 1121.7936563161322 1099.8668989403004 604.7755310808445 1093.9410453662522
Mar 2016 1132.1422027956487 1103.2203931151694 627.8881377956576 1168.1510630641571
Apr 2016 1147.5608474555227 1114.4765507861234 681.334905297084 1172.6811164021744
May 2016 1142.9728991873956 1110.58702762388 680.0477118645749 1193.7392381525076
Jun 2016 1158.8910827543784 1138.2350916765763 708.1392570298981 1196.8337099329608
Jul 2016 1156.5790950442836 1126.2893143894305 671.9426193734669 1240.958524999817
Aug 2016 1168.5369663079466 1137.0160938196755 660.1023356300607 1242.701864744981
Sep 2016 1177.1140276406468 1141.275356107124 680.7768186692432 1242.9341310917766
Oct 2016 1179.5836128706367 1141.9863706539788 677.4512069166423 1220.262390094601
Nov 2016 1185.095807093581 1150.7522580351188 686.4852588901875 1265.454978888975
Dec 2016 1201.2000740161757 1163.4807287612452 698.8591413839223 1290.4671780748758
Jan 2017 1201.3922660280182 1155.0571282850137 699.8058743258445 1314.9424291018345
Feb 2017 1180.3042275824284 1133.258890160019 701.2668526955442 1367.1563924623833
Mar 2017 1187.491100024178 1139.4680156192057 682.6027454070436 1368.7488088470263
Apr 2017 1155.7803376891325 1108.705797601534 672.325341201053 1382.8065779301226
May 2017 1140.430419024283 1092.7725865842024 663.3951652240559 1402.266160705448
Jun 2017 1143.9509277278112 1100.4405718242638 662.1202157303031 1411.0187806387744
Jul 2017 1167.0621683206962 1126.627756111966 677.0913931035042 1440.0332839695684
Aug 2017 1174.6317335444242 1136.7088212736558 679.8206065489288 1444.44278561454
Sep 2017 1177.030331544322 1143.4460944573448 678.8071243924949 1474.238386705278
Oct 2017 1181.3041286781595 1154.9708876433804 693.3631927452703 1508.6393821721183
Nov 2017 1181.7530242470573 1158.0315604956354 690.1647599694313 1554.9087023754812
Dec 2017 1196.29804046949 1182.8875499101136 710.7693340679716 1572.1966958460857
Jan 2018 1214.0032514684383 1197.7883843763314 724.884620625509 1662.2108987477047
Feb 2018 1198.9884592542767 1160.9264468471497 712.3480122360413 1600.9487421258716
Mar 2018 1207.345408815279 1177.8562372215217 707.9208409611116 1560.262198876754
Apr 2018 1223.2727094483703 1200.9139509213703 726.2168401553816 1566.2490969556213
May 2018 1238.5648415891844 1222.2746073664086 736.5049084370631 1603.9679030287837
Jun 2018 1223.9225280319172 1218.9842441233782 710.7563001976822 1613.839448971692
Jul 2018 1212.9365994203026 1197.1046959256078 695.5868500097773 1673.8981094194953
Aug 2018 1205.082834939056 1194.1849575722451 683.2714224494606 1728.4403762696707
Sep 2018 1221.8889201551162 1230.0105062994126 696.3740167820972 1738.278775775085
Oct 2018 1208.7487267077681 1189.7534924387392 681.3408297835801 1619.4674365808949
Nov 2018 1168.1661969572815 1129.4425084000347 677.5041323293319 1652.4691034636621
Dec 2018 1194.4102187381238 1143.8293470720344 630.8401119332996 1454.7002721753329
Jan 2019 1186.88901759073 1136.5134145681616 665.1985789131741 1571.272449162912
Feb 2019 1182.7752602557605 1143.6200329494563 671.933140195075 1621.7236562460794
Mar 2019 1184.94683563359 1147.6890330266904 670.7336291626931 1653.2358469487924
Apr 2019 1194.6005975034966 1162.592922809575 667.9060692414494 1720.1742323944122
May 2019 1195.6781272424448 1150.1915441019653 645.4340969996431 1610.8605256262852
Jun 2019 1199.372772655624 1152.4930773817132 662.7671696555702 1724.3886783091768
Jul 2019 1199.0501413797797 1163.0487614774522 658.3095860166324 1749.1734985390503
Aug 2019 1178.8269616952682 1143.2594868009135 643.0398145240762 1721.4642295203373
Sep 2019 1189.976307098982 1149.0809641077037 650.5931398396046 1753.6739683872545
Oct 2019 1184.7356514425182 1145.1959213680557 663.7478696533984 1791.6568376756045
Nov 2019 1200.009263460915 1162.525026050197 646.7524927276933 1856.6922883803825
Dec 2019 1218.3634051455497 1180.1268174696231 679.3577066707749 1912.732461495187
Jan 2020 1212.7345662137773 1171.5307737311743 629.3783436320662 1911.9824366950318
Feb 2020 1207.5683169617066 1165.9460865327978 597.6562731425258 1754.590470791119
Mar 2020 1284.1619601699538 1193.9124693643737 521.1016385154821 1537.8748645748656
Apr 2020 1368.9847101250596 1276.3222775622494 513.0850183560347 1735.021238615281
May 2020 1372.6823378271074 1296.7523682591884 535.35516309124 1817.6558586890437
Jun 2020 1383.7104677292104 1311.654646475223 547.5734290730359 1853.805723169666
Jul 2020 1434.4940256053403 1343.0477887839609 578.8262802321613 1958.3329361561475
Aug 2020 1462.6689227622549 1360.0386863598667 617.9733121631683 2099.097513597994
Sep 2020 1473.944637487829 1367.8657089998676 597.2628872392488 2019.3377551025694
Oct 2020 1478.255925552481 1370.6821444946984 605.6760530281039 1965.6381333467689
Nov 2020 1501.285674616663 1399.5966843328142 626.9504890663602 2180.80410275221
Dec 2020 1527.2564155018567 1425.307275424008 658.1354061136748 2264.6528944234224
Jan 2021 1535.3310201706151 1419.316708945401 675.4159483226789 2241.7884038593215
Feb 2021 1596.871693452114 1472.8363034063143 719.1189103684435 2303.604684379355
Mar 2021 1603.9282694654787 1469.4193231824117 703.6796985621269 2404.492447115632
Apr 2021 1635.0637250323425 1496.5315791144503 762.0193019770009 2532.8178728783155
May 2021 1655.1292270659396 1515.3220296218115 782.8102999172548 2550.507373275259
Jun 2021 1664.6081521493463 1537.019925763966 797.3023838158832 2610.050201316184
Jul 2021 1678.4560273670768 1553.3169480368413 811.961143267908 2672.0501792481637
Aug 2021 1691.4187432664326 1563.6775720802468 809.5597514085481 2753.295598588881
Sep 2021 1726.0099479849744 1588.8684177664597 849.8371753628272 2625.2415161434615
Oct 2021 1773.9015460117134 1656.5415014159687 871.7976669372187 2809.1693232860925
Date High Low AW EW
Nov 2018 0.135 -0.2222 -0.050692 -0.033574
Dec 2018 0.295 -0.0344 0.012738 0.022466
Jan 2019 0.0564 -0.178 -0.006396 -0.006297
Feb 2019 0.0783 -0.256 0.006253 -0.003466
Mar 2019 0.0243 -0.04 0.003558 0.001836
Apr 2019 0.11 -0.0208 0.012986 0.008147
May 2019 0.0621 -0.102 -0.010667 0.000902
Jun 2019 0.081 -0.0439 0.002001 0.00309
Jul 2019 0.119 -0.0403 0.009159 -0.000269
Aug 2019 0.0358 -0.105 -0.017015 -0.016866
Sep 2019 0.0905 -0.084 0.005092 0.009458
Oct 2019 0.0149 -0.08 -0.003381 -0.004404
Nov 2019 0.075 -0.0332 0.015132 0.012892
Dec 2019 0.0685 -0.072 0.015141 0.015295
Jan 2020 0.0649 -0.084 -0.007284 -0.00462
Feb 2020 0.0501 -0.0659 -0.004767 -0.00426
Mar 2020 0.637 -0.1376 0.023986 0.063428
Apr 2020 0.2534 -0.018 0.069025 0.066053
May 2020 0.0631 -0.0345 0.016007 0.002701
Jun 2020 0.0424 -0.04 0.011492 0.008034
Jul 2020 0.198 -0.0119 0.023934 0.036701
Aug 2020 0.176 -0.0218 0.012651 0.019641
Sep 2020 0.1325 -0.0276 0.005755 0.007709
Oct 2020 0.1329 -0.044 0.002059 0.002925
Nov 2020 0.1245 -0.083 0.021095 0.015579
Dec 2020 0.066 -0.097 0.01837 0.017299
Jan 2021 0.0682 -0.1115 -0.004203 0.005287
Feb 2021 0.12 0.0048 0.037708 0.040083
Mar 2021 0.055 -0.0456 -0.00232 0.004419
Apr 2021 0.077 -0.0662 0.018451 0.019412
May 2021 0.078 -0.0944 0.012556 0.012272
Jun 2021 0.0947 -0.1288 0.014319 0.005727
Jul 2021 0.125 -0.0401 0.010603 0.008319
Aug 2021 0.1949 -0.0673 0.00667 0.007723
Sep 2021 0.0983 -0.0174 0.01611 0.020451
Oct 2021 0.2356 -0.028 0.0426 0.0277
Past performance is not necessarily indicative of future results

Index Methodology


  • Style Definition: The index is comprised of hedge funds that chiefly employ a commodity-focused, long/short trading approach using commodity derivative instruments and/or physical products.
  • Largest fifteen (15) managers by strategy assets under management (USD) who meet the style definition (index committee’s discretion)
  • Index performance reported on a monthly basis
  • Equally and asset weighted return series
  • Rebalanced annually (January 1; using AUM as of 10/31)
  • Reconstituted annually (January 1; using AUM as of 10/31)

Index Committee


  • Tom Crescioli (Lockheed Martin Pension Plan)
  • Ryan Duncan (Bridge Alternatives)
  • Chris Gorman (Bridge Alternatives)
  • Jonathan Malawer (K2 Advisors)
  • Nick Mitsiou (LGT Capital Partners)
  • Ermenio Schettino (Falcon Money Management)
  • Chris Solarz (Cliffwater)
  • Sol Waksman (Backstop BarclayHedge)
  • Brian Walls (Bridge Alternatives)

2021 Index Constituents

Constituents are available to subscribers only.  Complete the form below to request constituency and monthly performance reports.  Please use your corporate email address.  For suitability reasons, personal email addresses will be ignored.