GUNR vs. PDBC
Compare and contrast key facts about FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC).
GUNR and PDBC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GUNR is a passively managed fund by Northern Trust that tracks the performance of the Morningstar Global Upstream Natural Resources Index. It was launched on Sep 16, 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: GUNR or PDBC.
Key characteristics
| GUNR | PDBC | |
|---|---|---|
| YTD Return | -3.58% | -0.30% |
| 1Y Return | 0.25% | -5.25% |
| 3Y Return (Ann) | 3.14% | 2.86% |
| 5Y Return (Ann) | 7.55% | 8.67% |
| 10Y Return (Ann) | 5.09% | 1.11% |
| Sharpe Ratio | 0.19 | -0.37 |
| Sortino Ratio | 0.36 | -0.43 |
| Omega Ratio | 1.04 | 0.95 |
| Calmar Ratio | 0.17 | -0.19 |
| Martin Ratio | 0.55 | -1.06 |
| Ulcer Index | 5.26% | 5.09% |
| Daily Std Dev | 15.01% | 14.34% |
| Max Drawdown | -45.64% | -49.52% |
| Current Drawdown | -13.46% | -24.26% |
Correlation
The correlation between GUNR and PDBC is 0.58, 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.
Performance
GUNR vs. PDBC - Performance Comparison
In the year-to-date period, GUNR achieves a -3.58% return, which is significantly lower than PDBC's -0.30% return. Over the past 10 years, GUNR has outperformed PDBC with an annualized return of 5.09%, while PDBC has yielded a comparatively lower 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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GUNR vs. PDBC - Expense Ratio Comparison
GUNR has a 0.46% expense ratio, which is lower than PDBC's 0.58% expense ratio.
Risk-Adjusted Performance
GUNR vs. PDBC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR) 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
GUNR vs. PDBC - Dividend Comparison
GUNR's dividend yield for the trailing twelve months is around 3.55%, less than PDBC's 4.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund | 3.55% | 3.55% | 4.12% | 3.61% | 2.79% | 3.25% | 3.28% | 2.00% | 1.73% | 4.50% | 2.80% | 2.03% |
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% | 0.00% | 0.00% | 0.00% |
Drawdowns
GUNR vs. PDBC - Drawdown Comparison
The maximum GUNR drawdown since its inception was -45.64%, smaller than the maximum PDBC drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for GUNR and PDBC. For additional features, visit the drawdowns tool.
Volatility
GUNR vs. PDBC - Volatility Comparison
The current volatility for FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR) is 3.56%, while Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a volatility of 4.59%. This indicates that GUNR 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.