DJP vs. PDBC
Compare and contrast key facts about iPath Bloomberg Commodity Index Total Return ETN (DJP) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC).
DJP and PDBC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DJP is a passively managed fund by Barclays Capital that tracks the performance of the Bloomberg Commodity Index. It was launched on Jun 6, 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: DJP or PDBC.
Performance
DJP vs. PDBC - Performance Comparison
Returns By Period
In the year-to-date period, DJP achieves a 5.33% return, which is significantly higher than PDBC's 2.18% return. Over the past 10 years, DJP has underperformed PDBC with an annualized return of -0.57%, while PDBC has yielded a comparatively higher 1.28% annualized return.
DJP
5.33%
-0.81%
-4.19%
1.52%
7.70%
-0.57%
PDBC
2.18%
-1.16%
-3.89%
-2.22%
9.19%
1.28%
Key characteristics
| DJP | PDBC | |
|---|---|---|
| Sharpe Ratio | 0.06 | -0.21 |
| Sortino Ratio | 0.18 | -0.20 |
| Omega Ratio | 1.02 | 0.98 |
| Calmar Ratio | 0.01 | -0.11 |
| Martin Ratio | 0.13 | -0.58 |
| Ulcer Index | 6.19% | 5.18% |
| Daily Std Dev | 13.91% | 14.17% |
| Max Drawdown | -78.35% | -49.52% |
| Current Drawdown | -56.23% | -22.38% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
DJP vs. PDBC - Expense Ratio Comparison
DJP has a 0.70% expense ratio, which is higher than PDBC's 0.58% expense ratio.
Correlation
The correlation between DJP and PDBC is 0.85, 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
DJP vs. PDBC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iPath Bloomberg Commodity Index Total Return ETN (DJP) 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
DJP vs. PDBC - Dividend Comparison
DJP has not paid dividends to shareholders, while PDBC's dividend yield for the trailing twelve months is around 4.12%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
DJP iPath Bloomberg Commodity Index Total Return ETN | 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 | 4.12% | 4.21% | 13.04% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.50% |
Drawdowns
DJP vs. PDBC - Drawdown Comparison
The maximum DJP drawdown since its inception was -78.35%, which is greater than PDBC's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for DJP and PDBC. For additional features, visit the drawdowns tool.
Volatility
DJP vs. PDBC - Volatility Comparison
iPath Bloomberg Commodity Index Total Return ETN (DJP) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) have volatilities of 4.70% and 4.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.