COM vs. PDBC
Compare and contrast key facts about Direxion Auspice Broad Commodity Strategy ETF (COM) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC).
COM and PDBC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. COM is a passively managed fund by Direxion that tracks the performance of the Auspice Broad Commodity ER Index. It was launched on Mar 30, 2017. 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: COM or PDBC.
Key characteristics
| COM | PDBC | |
|---|---|---|
| YTD Return | 5.11% | 4.44% |
| 1Y Return | -3.12% | 5.63% |
| 3Y Return (Ann) | 7.17% | 10.68% |
| 5Y Return (Ann) | 9.07% | 9.11% |
| Sharpe Ratio | -0.44 | 0.21 |
| Daily Std Dev | 7.15% | 14.39% |
| Max Drawdown | -15.95% | -49.52% |
| Current Drawdown | -8.45% | -20.66% |
Correlation
The correlation between COM and PDBC is 0.61, 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
COM vs. PDBC - Performance Comparison
In the year-to-date period, COM achieves a 5.11% return, which is significantly higher than PDBC's 4.44% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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COM vs. PDBC - Expense Ratio Comparison
COM has a 0.70% expense ratio, which is higher than PDBC's 0.58% expense ratio.
Risk-Adjusted Performance
COM vs. PDBC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Auspice Broad Commodity Strategy ETF (COM) 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
COM vs. PDBC - Dividend Comparison
COM's dividend yield for the trailing twelve months is around 4.63%, more than PDBC's 4.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
COM Direxion Auspice Broad Commodity Strategy ETF | 4.63% | 3.80% | 8.59% | 10.32% | 0.13% | 1.09% | 2.36% | 0.09% | 0.00% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 4.03% | 4.21% | 13.05% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.51% |
Drawdowns
COM vs. PDBC - Drawdown Comparison
The maximum COM drawdown since its inception was -15.95%, smaller than the maximum PDBC drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for COM and PDBC. For additional features, visit the drawdowns tool.
Volatility
COM vs. PDBC - Volatility Comparison
The current volatility for Direxion Auspice Broad Commodity Strategy ETF (COM) is 2.83%, while Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a volatility of 3.12%. This indicates that COM 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.