COMM.L vs. PDBC
Compare and contrast key facts about iShares Diversified Commodity Swap UCITS ETF (COMM.L) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC).
COMM.L and PDBC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. COMM.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Commodity. It was launched on Jul 18, 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: COMM.L or PDBC.
Key characteristics
| COMM.L | PDBC | |
|---|---|---|
| YTD Return | 2.10% | 0.60% |
| 1Y Return | -4.48% | -3.19% |
| 3Y Return (Ann) | 3.19% | 3.18% |
| 5Y Return (Ann) | 6.67% | 8.88% |
| Sharpe Ratio | -0.33 | -0.20 |
| Sortino Ratio | -0.40 | -0.18 |
| Omega Ratio | 0.96 | 0.98 |
| Calmar Ratio | -0.14 | -0.10 |
| Martin Ratio | -0.55 | -0.57 |
| Ulcer Index | 6.97% | 5.04% |
| Daily Std Dev | 11.60% | 14.42% |
| Max Drawdown | -28.49% | -49.52% |
| Current Drawdown | -23.23% | -23.58% |
Correlation
The correlation between COMM.L and PDBC is 0.67, 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
COMM.L vs. PDBC - Performance Comparison
In the year-to-date period, COMM.L achieves a 2.10% return, which is significantly higher than PDBC's 0.60% 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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COMM.L vs. PDBC - Expense Ratio Comparison
COMM.L has a 0.19% expense ratio, which is lower than PDBC's 0.58% expense ratio.
Risk-Adjusted Performance
COMM.L vs. PDBC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (COMM.L) 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
COMM.L vs. PDBC - Dividend Comparison
COMM.L has not paid dividends to shareholders, while PDBC's dividend yield for the trailing twelve months is around 4.19%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
COMM.L iShares Diversified Commodity Swap UCITS ETF | 0.00% | 0.00% | 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 | 4.19% | 4.21% | 13.04% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.50% |
Drawdowns
COMM.L vs. PDBC - Drawdown Comparison
The maximum COMM.L drawdown since its inception was -28.49%, smaller than the maximum PDBC drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for COMM.L and PDBC. For additional features, visit the drawdowns tool.
Volatility
COMM.L vs. PDBC - Volatility Comparison
The current volatility for iShares Diversified Commodity Swap UCITS ETF (COMM.L) is 3.74%, while Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a volatility of 4.97%. This indicates that COMM.L 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.