CMDT vs. PDBC
Compare and contrast key facts about PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC).
CMDT and PDBC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CMDT is a passively managed fund by PIMCO that tracks the performance of the Bloomberg Roll Select Commodity Total Return Index. It was launched on May 9, 2023. 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: CMDT or PDBC.
Correlation
The correlation between CMDT and PDBC is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CMDT vs. PDBC - Performance Comparison
Key characteristics
CMDT:
0.34
PDBC:
0.71
CMDT:
0.87
PDBC:
1.08
CMDT:
1.16
PDBC:
1.13
CMDT:
0.33
PDBC:
0.35
CMDT:
3.12
PDBC:
1.85
CMDT:
5.55%
PDBC:
5.26%
CMDT:
50.32%
PDBC:
13.79%
CMDT:
-56.29%
PDBC:
-49.52%
CMDT:
-42.65%
PDBC:
-16.83%
Returns By Period
In the year-to-date period, CMDT achieves a 7.91% return, which is significantly higher than PDBC's 7.24% return. Over the past 10 years, CMDT has underperformed PDBC with an annualized return of -2.69%, while PDBC has yielded a comparatively higher 3.78% annualized return.
CMDT
7.91%
9.09%
16.83%
18.19%
-2.85%
-2.69%
PDBC
7.24%
2.43%
10.31%
9.98%
11.54%
3.78%
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CMDT vs. PDBC - Expense Ratio Comparison
CMDT has a 0.65% expense ratio, which is higher than PDBC's 0.58% expense ratio.
Risk-Adjusted Performance
CMDT vs. PDBC — Risk-Adjusted Performance Rank
CMDT
PDBC
CMDT vs. PDBC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) 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
CMDT vs. PDBC - Dividend Comparison
CMDT's dividend yield for the trailing twelve months is around 7.83%, more than PDBC's 4.13% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 7.83% | 8.45% | 2.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 4.13% | 4.43% | 4.21% | 13.04% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.50% |
Drawdowns
CMDT vs. PDBC - Drawdown Comparison
The maximum CMDT drawdown since its inception was -56.29%, which is greater than PDBC's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for CMDT and PDBC. For additional features, visit the drawdowns tool.
Volatility
CMDT vs. PDBC - Volatility Comparison
PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) has a higher volatility of 35.17% compared to Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) at 3.44%. This indicates that CMDT'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.