PDBC vs. COMM
Compare and contrast key facts about Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) and CommScope Holding Company, Inc. (COMM).
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: PDBC or COMM.
Key characteristics
| PDBC | COMM | |
|---|---|---|
| YTD Return | 4.89% | -64.82% |
| 1Y Return | 7.18% | -79.42% |
| 3Y Return (Ann) | 9.82% | -60.93% |
| 5Y Return (Ann) | 9.18% | -46.74% |
| Sharpe Ratio | 0.54 | -0.77 |
| Daily Std Dev | 14.11% | 103.13% |
| Max Drawdown | -49.52% | -97.81% |
| Current Drawdown | -20.32% | -97.50% |
Correlation
The correlation between PDBC and COMM is 0.20, 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
PDBC vs. COMM - Performance Comparison
In the year-to-date period, PDBC achieves a 4.89% return, which is significantly higher than COMM's -64.82% 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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Risk-Adjusted Performance
PDBC vs. COMM - 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 CommScope Holding Company, Inc. (COMM). 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. COMM - Dividend Comparison
PDBC's dividend yield for the trailing twelve months is around 4.02%, while COMM has not paid dividends to shareholders.
| 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% |
COMM CommScope Holding Company, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 2.09% | 2.54% | 1.49% | 0.00% | 0.00% |
Drawdowns
PDBC vs. COMM - Drawdown Comparison
The maximum PDBC drawdown since its inception was -49.52%, smaller than the maximum COMM drawdown of -97.81%. Use the drawdown chart below to compare losses from any high point for PDBC and COMM. For additional features, visit the drawdowns tool.
Volatility
PDBC vs. COMM - Volatility Comparison
The current volatility for Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) is 2.85%, while CommScope Holding Company, Inc. (COMM) has a volatility of 33.13%. This indicates that PDBC experiences smaller price fluctuations and is considered to be less risky than COMM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.