PDBC vs. GSG
Compare and contrast key facts about Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) and iShares S&P GSCI Commodity-Indexed Trust (GSG).
PDBC and GSG 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. GSG is a passively managed fund by iShares that tracks the performance of the S&P GSCI Total Return Index. It was launched on Jul 21, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PDBC or GSG.
Performance
PDBC vs. GSG - Performance Comparison
Returns By Period
In the year-to-date period, PDBC achieves a 1.65% return, which is significantly lower than GSG's 5.83% return. Over the past 10 years, PDBC has outperformed GSG with an annualized return of 1.15%, while GSG has yielded a comparatively lower -2.26% annualized return.
PDBC
1.65%
-0.15%
-4.99%
-3.52%
9.08%
1.15%
GSG
5.83%
0.47%
-4.37%
0.24%
6.66%
-2.26%
Key characteristics
| PDBC | GSG | |
|---|---|---|
| Sharpe Ratio | -0.21 | 0.04 |
| Sortino Ratio | -0.20 | 0.17 |
| Omega Ratio | 0.98 | 1.02 |
| Calmar Ratio | -0.11 | 0.01 |
| Martin Ratio | -0.58 | 0.13 |
| Ulcer Index | 5.20% | 5.28% |
| Daily Std Dev | 14.17% | 16.18% |
| Max Drawdown | -49.52% | -89.62% |
| Current Drawdown | -22.78% | -71.87% |
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PDBC vs. GSG - Expense Ratio Comparison
PDBC has a 0.58% expense ratio, which is lower than GSG's 0.75% expense ratio.
Correlation
The correlation between PDBC and GSG is 0.92, 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.
Risk-Adjusted Performance
PDBC vs. GSG - 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 S&P GSCI Commodity-Indexed Trust (GSG). 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. GSG - Dividend Comparison
PDBC's dividend yield for the trailing twelve months is around 4.14%, while GSG 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 | 4.14% | 4.21% | 13.04% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.50% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PDBC vs. GSG - Drawdown Comparison
The maximum PDBC drawdown since its inception was -49.52%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for PDBC and GSG. For additional features, visit the drawdowns tool.
Volatility
PDBC vs. GSG - Volatility Comparison
The current volatility for Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) is 4.81%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 5.34%. This indicates that PDBC experiences smaller price fluctuations and is considered to be less risky than GSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.