AFSM vs. PDBC
Compare and contrast key facts about First Trust Active Factor Small Cap ETF (AFSM) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC).
AFSM and PDBC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AFSM is an actively managed fund by First Trust. It was launched on Dec 3, 2019. PDBC is an actively managed fund by Invesco. It was launched on Nov 7, 2014.
Performance
AFSM vs. PDBC - Performance Comparison
Loading graphics...
AFSM vs. PDBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AFSM First Trust Active Factor Small Cap ETF | 0.06% | 9.99% | 10.55% | 22.23% | -17.50% | 26.03% | 8.44% | 2.63% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 30.72% | 5.96% | 2.09% | -6.25% | 19.23% | 41.72% | -7.84% | 4.57% |
Returns By Period
In the year-to-date period, AFSM achieves a 0.06% return, which is significantly lower than PDBC's 30.72% return.
AFSM
- 1D
- 3.20%
- 1M
- -4.89%
- YTD
- 0.06%
- 6M
- 0.77%
- 1Y
- 18.24%
- 3Y*
- 13.07%
- 5Y*
- 6.13%
- 10Y*
- —
PDBC
- 1D
- -1.03%
- 1M
- 16.09%
- YTD
- 30.72%
- 6M
- 33.97%
- 1Y
- 32.00%
- 3Y*
- 11.28%
- 5Y*
- 14.29%
- 10Y*
- 9.86%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
AFSM vs. PDBC - Expense Ratio Comparison
AFSM has a 0.77% expense ratio, which is higher than PDBC's 0.58% expense ratio.
Return for Risk
AFSM vs. PDBC — Risk / Return Rank
AFSM
PDBC
AFSM vs. PDBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Active Factor Small Cap ETF (AFSM) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AFSM | PDBC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 1.72 | -0.87 |
Sortino ratioReturn per unit of downside risk | 1.34 | 2.31 | -0.97 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.31 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | 3.04 | -1.47 |
Martin ratioReturn relative to average drawdown | 5.76 | 7.48 | -1.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| AFSM | PDBC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 1.72 | -0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.76 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.22 | +0.14 |
Correlation
The correlation between AFSM and PDBC is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
AFSM vs. PDBC - Dividend Comparison
AFSM's dividend yield for the trailing twelve months is around 0.55%, less than PDBC's 2.94% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
AFSM First Trust Active Factor Small Cap ETF | 0.55% | 0.58% | 0.58% | 0.92% | 1.28% | 0.35% | 0.53% | 0.32% | 0.00% | 0.00% | 0.00% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 2.94% | 3.84% | 4.42% | 4.21% | 13.05% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.51% |
Drawdowns
AFSM vs. PDBC - Drawdown Comparison
The maximum AFSM drawdown since its inception was -43.54%, smaller than the maximum PDBC drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for AFSM and PDBC.
Loading graphics...
Drawdown Indicators
| AFSM | PDBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.54% | -49.52% | +5.98% |
Max Drawdown (1Y)Largest decline over 1 year | -12.41% | -11.07% | -1.34% |
Max Drawdown (5Y)Largest decline over 5 years | -28.27% | -27.63% | -0.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.73% | — |
Current DrawdownCurrent decline from peak | -6.67% | -1.03% | -5.64% |
Average DrawdownAverage peak-to-trough decline | -9.71% | -23.53% | +13.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 4.50% | -1.11% |
Volatility
AFSM vs. PDBC - Volatility Comparison
First Trust Active Factor Small Cap ETF (AFSM) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) have volatilities of 7.78% and 8.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| AFSM | PDBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.78% | 8.15% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 13.43% | 13.88% | -0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.43% | 18.72% | +2.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.86% | 18.92% | +1.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.57% | 17.69% | +7.88% |