COMT vs. PDBC
Compare and contrast key facts about iShares Commodities Select Strategy ETF (COMT) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC).
COMT and PDBC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. COMT is an actively managed fund by iShares. It was launched on Oct 15, 2014. 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: COMT or PDBC.
Performance
COMT vs. PDBC - Performance Comparison
Returns By Period
In the year-to-date period, COMT achieves a 4.23% return, which is significantly higher than PDBC's 1.65% return. Over the past 10 years, COMT has underperformed PDBC with an annualized return of 0.50%, while PDBC has yielded a comparatively higher 1.15% annualized return.
COMT
4.23%
0.08%
-4.07%
-0.93%
6.34%
0.50%
PDBC
1.65%
-0.15%
-4.99%
-3.52%
9.08%
1.15%
Key characteristics
| COMT | PDBC | |
|---|---|---|
| Sharpe Ratio | -0.03 | -0.21 |
| Sortino Ratio | 0.06 | -0.20 |
| Omega Ratio | 1.01 | 0.98 |
| Calmar Ratio | -0.02 | -0.11 |
| Martin Ratio | -0.09 | -0.58 |
| Ulcer Index | 4.66% | 5.20% |
| Daily Std Dev | 14.81% | 14.17% |
| Max Drawdown | -51.89% | -49.52% |
| Current Drawdown | -22.09% | -22.78% |
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COMT vs. PDBC - Expense Ratio Comparison
COMT has a 0.48% expense ratio, which is lower than PDBC's 0.58% expense ratio.
Correlation
The correlation between COMT and PDBC is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
COMT vs. PDBC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Commodities Select Strategy ETF (COMT) 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
COMT vs. PDBC - Dividend Comparison
COMT's dividend yield for the trailing twelve months is around 4.98%, more than PDBC's 4.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
COMT iShares Commodities Select Strategy ETF | 4.98% | 5.19% | 29.79% | 17.79% | 0.36% | 2.61% | 11.65% | 5.16% | 0.52% | 1.44% | 0.56% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 4.14% | 4.21% | 13.04% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.50% | 0.00% | 0.00% |
Drawdowns
COMT vs. PDBC - Drawdown Comparison
The maximum COMT drawdown since its inception was -51.89%, roughly equal to the maximum PDBC drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for COMT and PDBC. For additional features, visit the drawdowns tool.
Volatility
COMT vs. PDBC - Volatility Comparison
iShares Commodities Select Strategy ETF (COMT) has a higher volatility of 5.29% compared to Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) at 4.81%. This indicates that COMT'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.