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PDBC vs. COMT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PDBC and COMT is 0.90, 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.


-0.50.00.51.00.9

Performance

PDBC vs. COMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) and iShares Commodities Select Strategy ETF (COMT). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%JulyAugustSeptemberOctoberNovemberDecember
8.54%
3.88%
PDBC
COMT

Key characteristics

Sharpe Ratio

PDBC:

-0.09

COMT:

0.18

Sortino Ratio

PDBC:

-0.03

COMT:

0.35

Omega Ratio

PDBC:

1.00

COMT:

1.04

Calmar Ratio

PDBC:

-0.04

COMT:

0.10

Martin Ratio

PDBC:

-0.23

COMT:

0.56

Ulcer Index

PDBC:

5.10%

COMT:

4.67%

Daily Std Dev

PDBC:

13.69%

COMT:

14.28%

Max Drawdown

PDBC:

-49.52%

COMT:

-51.89%

Current Drawdown

PDBC:

-24.21%

COMT:

-22.34%

Returns By Period

In the year-to-date period, PDBC achieves a -0.23% return, which is significantly lower than COMT's 3.90% return. Over the past 10 years, PDBC has outperformed COMT with an annualized return of 2.22%, while COMT has yielded a comparatively lower 1.98% annualized return.


PDBC

YTD

-0.23%

1M

-1.85%

6M

-5.48%

1Y

-1.34%

5Y*

8.01%

10Y*

2.22%

COMT

YTD

3.90%

1M

-0.31%

6M

-4.37%

1Y

2.27%

5Y*

5.50%

10Y*

1.98%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


PDBC vs. COMT - Expense Ratio Comparison

PDBC has a 0.58% expense ratio, which is higher than COMT's 0.48% expense ratio.


PDBC
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
Expense ratio chart for PDBC: current value at 0.58% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.58%
Expense ratio chart for COMT: current value at 0.48% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.48%

Risk-Adjusted Performance

PDBC vs. COMT - 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 iShares Commodities Select Strategy ETF (COMT). 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.


Sharpe ratio
The chart of Sharpe ratio for PDBC, currently valued at -0.09, compared to the broader market0.002.004.00-0.090.18
The chart of Sortino ratio for PDBC, currently valued at -0.03, compared to the broader market-2.000.002.004.006.008.0010.00-0.030.35
The chart of Omega ratio for PDBC, currently valued at 1.00, compared to the broader market0.501.001.502.002.503.001.001.04
The chart of Calmar ratio for PDBC, currently valued at -0.04, compared to the broader market0.005.0010.0015.00-0.040.10
The chart of Martin ratio for PDBC, currently valued at -0.23, compared to the broader market0.0020.0040.0060.0080.00100.00-0.230.56
PDBC
COMT

The current PDBC Sharpe Ratio is -0.09, which is lower than the COMT Sharpe Ratio of 0.18. The chart below compares the historical Sharpe Ratios of PDBC and COMT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.00JulyAugustSeptemberOctoberNovemberDecember
-0.09
0.18
PDBC
COMT

Dividends

PDBC vs. COMT - Dividend Comparison

PDBC has not paid dividends to shareholders, while COMT's dividend yield for the trailing twelve months is around 5.00%.


TTM2023202220212020201920182017201620152014
PDBC
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
0.00%4.21%13.04%50.83%0.01%1.40%1.00%3.83%6.50%0.00%0.00%
COMT
iShares Commodities Select Strategy ETF
5.00%5.19%29.79%17.79%0.36%2.61%11.65%5.16%0.52%1.44%0.56%

Drawdowns

PDBC vs. COMT - Drawdown Comparison

The maximum PDBC drawdown since its inception was -49.52%, roughly equal to the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for PDBC and COMT. For additional features, visit the drawdowns tool.


-28.00%-26.00%-24.00%-22.00%-20.00%-18.00%JulyAugustSeptemberOctoberNovemberDecember
-24.21%
-22.34%
PDBC
COMT

Volatility

PDBC vs. COMT - Volatility Comparison

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) and iShares Commodities Select Strategy ETF (COMT) have volatilities of 3.35% and 3.26%, 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.


3.00%4.00%5.00%6.00%7.00%JulyAugustSeptemberOctoberNovemberDecember
3.35%
3.26%
PDBC
COMT
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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