ARDC vs. PDBC
Compare and contrast key facts about Ares Dynamic Credit Allocation Fund, Inc. (ARDC) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC).
PDBC is an actively managed fund by Invesco. It was launched on Nov 7, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARDC or PDBC.
Performance
ARDC vs. PDBC - Performance Comparison
Returns By Period
In the year-to-date period, ARDC achieves a 21.42% return, which is significantly higher than PDBC's 2.18% return. Over the past 10 years, ARDC has outperformed PDBC with an annualized return of 8.63%, while PDBC has yielded a comparatively lower 1.28% annualized return.
ARDC
21.42%
2.87%
12.86%
32.50%
10.73%
8.63%
PDBC
2.18%
-1.16%
-3.89%
-2.22%
9.19%
1.28%
Key characteristics
| ARDC | PDBC | |
|---|---|---|
| Sharpe Ratio | 2.84 | -0.21 |
| Sortino Ratio | 3.92 | -0.20 |
| Omega Ratio | 1.54 | 0.98 |
| Calmar Ratio | 5.76 | -0.11 |
| Martin Ratio | 23.42 | -0.58 |
| Ulcer Index | 1.39% | 5.18% |
| Daily Std Dev | 11.44% | 14.17% |
| Max Drawdown | -45.40% | -49.52% |
| Current Drawdown | -0.07% | -22.38% |
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Correlation
The correlation between ARDC and PDBC is 0.17, 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.
Risk-Adjusted Performance
ARDC vs. PDBC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ares Dynamic Credit Allocation Fund, Inc. (ARDC) 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.
Dividends
ARDC vs. PDBC - Dividend Comparison
ARDC's dividend yield for the trailing twelve months is around 9.27%, more than PDBC's 4.12% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARDC Ares Dynamic Credit Allocation Fund, Inc. | 9.27% | 9.90% | 10.36% | 7.20% | 8.44% | 8.44% | 9.39% | 7.60% | 8.47% | 10.51% | 8.87% | 7.81% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 4.12% | 4.21% | 13.04% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.50% | 0.00% | 0.00% | 0.00% |
Drawdowns
ARDC vs. PDBC - Drawdown Comparison
The maximum ARDC drawdown since its inception was -45.40%, smaller than the maximum PDBC drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for ARDC and PDBC. For additional features, visit the drawdowns tool.
Volatility
ARDC vs. PDBC - Volatility Comparison
The current volatility for Ares Dynamic Credit Allocation Fund, Inc. (ARDC) is 2.75%, while Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a volatility of 4.84%. This indicates that ARDC experiences smaller price fluctuations and is considered to be less risky than PDBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.