DBC vs. PDBC
Compare and contrast key facts about Invesco DB Commodity Index Tracking Fund (DBC) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC).
DBC and PDBC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DBC is a passively managed fund by Invesco that tracks the performance of the DBIQ Optimum Yield Diversified Commodity Index Excess Return. It was launched on Feb 3, 2006. 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: DBC or PDBC.
Correlation
The correlation between DBC and PDBC is 0.95, 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.
Performance
DBC vs. PDBC - Performance Comparison
Key characteristics
DBC:
0.23
PDBC:
0.21
DBC:
0.43
PDBC:
0.39
DBC:
1.05
PDBC:
1.05
DBC:
0.06
PDBC:
0.10
DBC:
0.61
PDBC:
0.53
DBC:
5.30%
PDBC:
5.42%
DBC:
14.05%
PDBC:
13.70%
DBC:
-76.36%
PDBC:
-49.52%
DBC:
-43.66%
PDBC:
-18.51%
Returns By Period
The year-to-date returns for both stocks are quite close, with DBC having a 5.29% return and PDBC slightly lower at 5.08%. Both investments have delivered pretty close results over the past 10 years, with DBC having a 4.08% annualized return and PDBC not far behind at 3.98%.
DBC
5.29%
2.32%
4.64%
2.74%
17.65%
4.08%
PDBC
5.08%
2.17%
4.45%
2.13%
17.31%
3.98%
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DBC vs. PDBC - Expense Ratio Comparison
DBC has a 0.85% expense ratio, which is higher than PDBC's 0.58% expense ratio.
Risk-Adjusted Performance
DBC vs. PDBC — Risk-Adjusted Performance Rank
DBC
PDBC
DBC vs. PDBC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Commodity Index Tracking Fund (DBC) 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
DBC vs. PDBC - Dividend Comparison
DBC's dividend yield for the trailing twelve months is around 4.96%, more than PDBC's 4.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBC Invesco DB Commodity Index Tracking Fund | 4.96% | 5.22% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% | 0.00% | 0.00% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 4.21% | 4.43% | 4.21% | 13.04% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.50% |
Drawdowns
DBC vs. PDBC - Drawdown Comparison
The maximum DBC drawdown since its inception was -76.36%, which is greater than PDBC's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for DBC and PDBC. For additional features, visit the drawdowns tool.
Volatility
DBC vs. PDBC - Volatility Comparison
Invesco DB Commodity Index Tracking Fund (DBC) has a higher volatility of 2.40% compared to Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) at 2.19%. This indicates that DBC'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.