EN4C.DE vs. PDBC
Compare and contrast key facts about L&G Multi-Strategy Enhanced Commodities UCITS ETF (EN4C.DE) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC).
EN4C.DE and PDBC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EN4C.DE is a passively managed fund by Legal & General that tracks the performance of the Barclays Backwardation Tilt Multi-Strategy Capped. It was launched on Jul 5, 2021. PDBC is an actively managed fund by Invesco. It was launched on Nov 7, 2014.
Performance
EN4C.DE vs. PDBC - Performance Comparison
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EN4C.DE vs. PDBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EN4C.DE L&G Multi-Strategy Enhanced Commodities UCITS ETF | 19.83% | -3.13% | 9.93% | -5.63% | 29.83% | 10.18% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 31.04% | -6.62% | 8.83% | -9.06% | 26.62% | 7.94% |
Different Trading Currencies
EN4C.DE is traded in EUR, while PDBC is traded in USD. To make them comparable, the PDBC values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EN4C.DE achieves a 19.83% return, which is significantly lower than PDBC's 31.04% return.
EN4C.DE
- 1D
- -2.68%
- 1M
- 8.24%
- YTD
- 19.83%
- 6M
- 21.70%
- 1Y
- 12.35%
- 3Y*
- 7.78%
- 5Y*
- —
- 10Y*
- —
PDBC
- 1D
- -1.37%
- 1M
- 12.50%
- YTD
- 31.04%
- 6M
- 34.34%
- 1Y
- 21.42%
- 3Y*
- 8.44%
- 5Y*
- 14.41%
- 10Y*
- 9.55%
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EN4C.DE vs. PDBC - Expense Ratio Comparison
EN4C.DE has a 0.30% expense ratio, which is lower than PDBC's 0.58% expense ratio.
Return for Risk
EN4C.DE vs. PDBC — Risk / Return Rank
EN4C.DE
PDBC
EN4C.DE vs. PDBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Multi-Strategy Enhanced Commodities UCITS ETF (EN4C.DE) 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.
| EN4C.DE | PDBC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.70 | 1.03 | -0.32 |
Sortino ratioReturn per unit of downside risk | 1.02 | 1.47 | -0.45 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.20 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.42 | 1.63 | -0.21 |
Martin ratioReturn relative to average drawdown | 3.03 | 2.53 | +0.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EN4C.DE | PDBC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 1.03 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.74 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.23 | +0.47 |
Correlation
The correlation between EN4C.DE and PDBC is 0.69, 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.
Dividends
EN4C.DE vs. PDBC - Dividend Comparison
EN4C.DE has not paid dividends to shareholders, while PDBC's dividend yield for the trailing twelve months is around 2.97%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
EN4C.DE L&G Multi-Strategy Enhanced Commodities UCITS ETF | 0.00% | 0.00% | 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 | 2.97% | 3.84% | 4.42% | 4.21% | 13.05% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.51% |
Drawdowns
EN4C.DE vs. PDBC - Drawdown Comparison
The maximum EN4C.DE drawdown since its inception was -25.41%, smaller than the maximum PDBC drawdown of -41.97%. Use the drawdown chart below to compare losses from any high point for EN4C.DE and PDBC.
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Drawdown Indicators
| EN4C.DE | PDBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.41% | -49.52% | +24.11% |
Max Drawdown (1Y)Largest decline over 1 year | -13.16% | -11.07% | -2.09% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.73% | — |
Current DrawdownCurrent decline from peak | -3.49% | -2.29% | -1.20% |
Average DrawdownAverage peak-to-trough decline | -14.32% | -23.53% | +9.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.21% | 4.50% | -0.29% |
Volatility
EN4C.DE vs. PDBC - Volatility Comparison
The current volatility for L&G Multi-Strategy Enhanced Commodities UCITS ETF (EN4C.DE) is 7.99%, while Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a volatility of 9.57%. This indicates that EN4C.DE 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.
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Volatility by Period
| EN4C.DE | PDBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.99% | 9.57% | -1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 12.20% | 14.70% | -2.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.49% | 20.97% | -3.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.88% | 19.68% | -1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.88% | 18.41% | -0.53% |