OEC vs. PDBC
Compare and contrast key facts about Orion Engineered Carbons S.A. (OEC) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC).
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: OEC or PDBC.
Correlation
The correlation between OEC and PDBC is 0.26, 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.
Performance
OEC vs. PDBC - Performance Comparison
Key characteristics
OEC:
-0.77
PDBC:
0.71
OEC:
-0.94
PDBC:
1.08
OEC:
0.88
PDBC:
1.13
OEC:
-0.59
PDBC:
0.35
OEC:
-1.25
PDBC:
1.85
OEC:
27.80%
PDBC:
5.26%
OEC:
45.33%
PDBC:
13.78%
OEC:
-81.11%
PDBC:
-49.52%
OEC:
-54.30%
PDBC:
-16.60%
Returns By Period
In the year-to-date period, OEC achieves a -4.05% return, which is significantly lower than PDBC's 7.54% return. Over the past 10 years, OEC has underperformed PDBC with an annualized return of 1.33%, while PDBC has yielded a comparatively higher 3.90% annualized return.
OEC
-4.05%
-0.46%
-13.38%
-35.79%
-2.45%
1.33%
PDBC
7.54%
2.95%
10.63%
9.71%
11.59%
3.90%
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Risk-Adjusted Performance
OEC vs. PDBC — Risk-Adjusted Performance Rank
OEC
PDBC
OEC vs. PDBC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Orion Engineered Carbons S.A. (OEC) 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
OEC vs. PDBC - Dividend Comparison
OEC's dividend yield for the trailing twelve months is around 0.55%, less than PDBC's 4.12% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OEC Orion Engineered Carbons S.A. | 0.55% | 0.53% | 0.30% | 0.58% | 0.00% | 1.17% | 4.15% | 3.16% | 3.54% | 3.94% | 5.84% | 8.83% |
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% | 0.00% | 0.00% |
Drawdowns
OEC vs. PDBC - Drawdown Comparison
The maximum OEC drawdown since its inception was -81.11%, which is greater than PDBC's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for OEC and PDBC. For additional features, visit the drawdowns tool.
Volatility
OEC vs. PDBC - Volatility Comparison
Orion Engineered Carbons S.A. (OEC) has a higher volatility of 9.49% compared to Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) at 3.42%. This indicates that OEC's price experiences larger fluctuations and is considered to be riskier than PDBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.