Correlation
The correlation between BCIM and PDBC is 0.20, 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.
BCIM vs. PDBC
Compare and contrast key facts about abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC).
BCIM and PDBC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BCIM is a passively managed fund by abrdn that tracks the performance of the Bloomberg Industrial Metals. It was launched on Sep 22, 2021. 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: BCIM or PDBC.
Performance
BCIM vs. PDBC - Performance Comparison
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Key characteristics
BCIM:
-0.50
PDBC:
-0.46
BCIM:
-0.74
PDBC:
-0.75
BCIM:
0.91
PDBC:
0.91
BCIM:
-0.29
PDBC:
-0.34
BCIM:
-1.07
PDBC:
-1.55
BCIM:
10.99%
PDBC:
6.06%
BCIM:
19.34%
PDBC:
15.76%
BCIM:
-43.36%
PDBC:
-49.52%
BCIM:
-35.16%
PDBC:
-25.13%
Returns By Period
In the year-to-date period, BCIM achieves a 2.26% return, which is significantly higher than PDBC's -3.46% return.
BCIM
2.26%
1.80%
-0.59%
-9.48%
-4.87%
N/A
N/A
PDBC
-3.46%
0.80%
-2.18%
-7.23%
-7.40%
14.06%
2.78%
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BCIM vs. PDBC - Expense Ratio Comparison
BCIM has a 0.41% expense ratio, which is lower than PDBC's 0.58% expense ratio.
Risk-Adjusted Performance
BCIM vs. PDBC — Risk-Adjusted Performance Rank
BCIM
PDBC
BCIM vs. PDBC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM) 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.
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Dividends
BCIM vs. PDBC - Dividend Comparison
BCIM's dividend yield for the trailing twelve months is around 11.22%, more than PDBC's 4.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCIM abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF | 11.22% | 11.47% | 3.35% | 0.71% | 1.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 4.58% | 4.42% | 4.21% | 13.05% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.51% |
Drawdowns
BCIM vs. PDBC - Drawdown Comparison
The maximum BCIM drawdown since its inception was -43.36%, smaller than the maximum PDBC drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for BCIM and PDBC.
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Volatility
BCIM vs. PDBC - Volatility Comparison
abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM) has a higher volatility of 4.32% compared to Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) at 3.89%. This indicates that BCIM's price experiences larger fluctuations and is considered to be riskier than PDBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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