EIPCX vs. PDBC
Compare and contrast key facts about Parametric Commodity Strategy Fund Class I (EIPCX) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC).
EIPCX is managed by Eaton Vance. It was launched on May 25, 2011. 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: EIPCX or PDBC.
Correlation
The correlation between EIPCX and PDBC is 0.79, 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
EIPCX vs. PDBC - Performance Comparison
Key characteristics
EIPCX:
1.65
PDBC:
0.71
EIPCX:
2.35
PDBC:
1.08
EIPCX:
1.29
PDBC:
1.13
EIPCX:
1.28
PDBC:
0.35
EIPCX:
4.23
PDBC:
1.85
EIPCX:
4.37%
PDBC:
5.26%
EIPCX:
11.22%
PDBC:
13.78%
EIPCX:
-54.06%
PDBC:
-49.52%
EIPCX:
0.00%
PDBC:
-16.60%
Returns By Period
In the year-to-date period, EIPCX achieves a 8.12% return, which is significantly higher than PDBC's 7.54% return. Over the past 10 years, EIPCX has outperformed PDBC with an annualized return of 6.20%, while PDBC has yielded a comparatively lower 3.90% annualized return.
EIPCX
8.12%
3.58%
12.98%
18.49%
14.40%
6.20%
PDBC
7.54%
2.95%
10.63%
9.71%
11.59%
3.90%
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EIPCX vs. PDBC - Expense Ratio Comparison
EIPCX has a 0.66% expense ratio, which is higher than PDBC's 0.58% expense ratio.
Risk-Adjusted Performance
EIPCX vs. PDBC — Risk-Adjusted Performance Rank
EIPCX
PDBC
EIPCX vs. PDBC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Parametric Commodity Strategy Fund Class I (EIPCX) 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
EIPCX vs. PDBC - Dividend Comparison
EIPCX's dividend yield for the trailing twelve months is around 5.23%, more than PDBC's 4.12% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
EIPCX Parametric Commodity Strategy Fund Class I | 5.23% | 5.65% | 3.70% | 14.94% | 13.84% | 3.01% | 1.54% | 0.87% | 5.15% | 6.59% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 4.12% | 4.43% | 4.21% | 13.04% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.50% |
Drawdowns
EIPCX vs. PDBC - Drawdown Comparison
The maximum EIPCX drawdown since its inception was -54.06%, which is greater than PDBC's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for EIPCX and PDBC. For additional features, visit the drawdowns tool.
Volatility
EIPCX vs. PDBC - Volatility Comparison
The current volatility for Parametric Commodity Strategy Fund Class I (EIPCX) is 2.22%, while Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a volatility of 3.42%. This indicates that EIPCX 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.