FTGC vs. PDBC
Compare and contrast key facts about First Trust Global Tactical Commodity Strategy Fund (FTGC) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC).
FTGC and PDBC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTGC is an actively managed fund by First Trust. It was launched on Oct 23, 2013. 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: FTGC or PDBC.
Key characteristics
| FTGC | PDBC | |
|---|---|---|
| YTD Return | 5.92% | -0.30% |
| 1Y Return | 1.45% | -5.25% |
| 3Y Return (Ann) | 4.98% | 2.86% |
| 5Y Return (Ann) | 9.69% | 8.67% |
| 10Y Return (Ann) | 0.30% | 1.11% |
| Sharpe Ratio | 0.13 | -0.37 |
| Sortino Ratio | 0.27 | -0.43 |
| Omega Ratio | 1.03 | 0.95 |
| Calmar Ratio | 0.08 | -0.19 |
| Martin Ratio | 0.39 | -1.06 |
| Ulcer Index | 4.03% | 5.09% |
| Daily Std Dev | 11.76% | 14.34% |
| Max Drawdown | -59.47% | -49.52% |
| Current Drawdown | -14.24% | -24.26% |
Correlation
The correlation between FTGC and PDBC is 0.81, 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
FTGC vs. PDBC - Performance Comparison
In the year-to-date period, FTGC achieves a 5.92% return, which is significantly higher than PDBC's -0.30% return. Over the past 10 years, FTGC has underperformed PDBC with an annualized return of 0.30%, while PDBC has yielded a comparatively higher 1.11% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FTGC vs. PDBC - Expense Ratio Comparison
FTGC has a 0.95% expense ratio, which is higher than PDBC's 0.58% expense ratio.
Risk-Adjusted Performance
FTGC vs. PDBC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Global Tactical Commodity Strategy Fund (FTGC) 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
FTGC vs. PDBC - Dividend Comparison
FTGC's dividend yield for the trailing twelve months is around 3.27%, less than PDBC's 4.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
FTGC First Trust Global Tactical Commodity Strategy Fund | 3.27% | 3.34% | 10.35% | 7.21% | 0.00% | 0.81% | 0.80% | 1.21% | 0.00% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 4.22% | 4.21% | 13.04% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.50% |
Drawdowns
FTGC vs. PDBC - Drawdown Comparison
The maximum FTGC drawdown since its inception was -59.47%, which is greater than PDBC's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for FTGC and PDBC. For additional features, visit the drawdowns tool.
Volatility
FTGC vs. PDBC - Volatility Comparison
The current volatility for First Trust Global Tactical Commodity Strategy Fund (FTGC) is 3.70%, while Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a volatility of 4.59%. This indicates that FTGC 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.