Correlation
The correlation between NBCM and PDBC is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
NBCM vs. PDBC
Compare and contrast key facts about Neuberger Berman Commodity Strategy ETF (NBCM) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC).
NBCM and PDBC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NBCM is an actively managed fund by Neuberger Berman. It was launched on Aug 27, 2012. 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: NBCM or PDBC.
Performance
NBCM vs. PDBC - Performance Comparison
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Key characteristics
NBCM:
0.06
PDBC:
-0.46
NBCM:
-0.06
PDBC:
-0.75
NBCM:
0.99
PDBC:
0.91
NBCM:
-0.13
PDBC:
-0.34
NBCM:
-0.32
PDBC:
-1.55
NBCM:
4.90%
PDBC:
6.06%
NBCM:
14.04%
PDBC:
15.76%
NBCM:
-12.85%
PDBC:
-49.52%
NBCM:
-5.66%
PDBC:
-25.13%
Returns By Period
In the year-to-date period, NBCM achieves a 3.13% return, which is significantly higher than PDBC's -3.46% return.
NBCM
3.13%
0.63%
4.12%
1.67%
N/A
N/A
N/A
PDBC
-3.46%
0.48%
-2.18%
-6.70%
-7.40%
14.06%
2.78%
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NBCM vs. PDBC - Expense Ratio Comparison
NBCM has a 0.66% expense ratio, which is higher than PDBC's 0.58% expense ratio.
Risk-Adjusted Performance
NBCM vs. PDBC — Risk-Adjusted Performance Rank
NBCM
PDBC
NBCM vs. PDBC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Commodity Strategy ETF (NBCM) 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.
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Dividends
NBCM vs. PDBC - Dividend Comparison
NBCM's dividend yield for the trailing twelve months is around 5.06%, more than PDBC's 4.59% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
NBCM Neuberger Berman Commodity Strategy ETF | 5.06% | 5.22% | 4.37% | 0.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 4.59% | 4.43% | 4.21% | 13.04% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.50% |
Drawdowns
NBCM vs. PDBC - Drawdown Comparison
The maximum NBCM drawdown since its inception was -12.85%, smaller than the maximum PDBC drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for NBCM and PDBC.
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Volatility
NBCM vs. PDBC - Volatility Comparison
The current volatility for Neuberger Berman Commodity Strategy ETF (NBCM) is 3.44%, while Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a volatility of 3.89%. This indicates that NBCM 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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