PDBC vs. BCI
Compare and contrast key facts about Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) and abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI).
PDBC and BCI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PDBC is an actively managed fund by Invesco. It was launched on Nov 7, 2014. BCI is an actively managed fund by Abrdn Plc. It was launched on Mar 30, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PDBC or BCI.
Key characteristics
| PDBC | BCI | |
|---|---|---|
| YTD Return | 4.89% | 4.60% |
| 1Y Return | 7.18% | 4.92% |
| 3Y Return (Ann) | 9.82% | 5.86% |
| 5Y Return (Ann) | 9.18% | 6.72% |
| Sharpe Ratio | 0.54 | 0.42 |
| Daily Std Dev | 14.11% | 12.47% |
| Max Drawdown | -49.52% | -32.69% |
| Current Drawdown | -20.32% | -20.27% |
Correlation
The correlation between PDBC and BCI is 0.84, 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
PDBC vs. BCI - Performance Comparison
In the year-to-date period, PDBC achieves a 4.89% return, which is significantly higher than BCI's 4.60% 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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PDBC vs. BCI - Expense Ratio Comparison
PDBC has a 0.58% expense ratio, which is higher than BCI's 0.25% expense ratio.
Risk-Adjusted Performance
PDBC vs. BCI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) and abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI). 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
PDBC vs. BCI - Dividend Comparison
PDBC's dividend yield for the trailing twelve months is around 4.02%, more than BCI's 3.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 4.02% | 4.21% | 13.05% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.51% |
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF | 3.76% | 3.93% | 19.98% | 19.43% | 0.68% | 1.47% | 1.13% | 5.02% | 0.00% |
Drawdowns
PDBC vs. BCI - Drawdown Comparison
The maximum PDBC drawdown since its inception was -49.52%, which is greater than BCI's maximum drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for PDBC and BCI. For additional features, visit the drawdowns tool.
Volatility
PDBC vs. BCI - Volatility Comparison
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) and abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) have volatilities of 2.85% and 2.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.