PDBC vs. SCHD
Compare and contrast key facts about Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) and Schwab US Dividend Equity ETF (SCHD).
PDBC and SCHD 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. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PDBC or SCHD.
Key characteristics
| PDBC | SCHD | |
|---|---|---|
| YTD Return | 4.89% | 3.21% |
| 1Y Return | 7.18% | 15.78% |
| 3Y Return (Ann) | 9.82% | 4.47% |
| 5Y Return (Ann) | 9.18% | 11.41% |
| Sharpe Ratio | 0.54 | 1.29 |
| Daily Std Dev | 14.11% | 11.38% |
| Max Drawdown | -49.52% | -33.37% |
| Current Drawdown | -20.32% | -3.30% |
Correlation
The correlation between PDBC and SCHD is 0.31, 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. SCHD - Performance Comparison
In the year-to-date period, PDBC achieves a 4.89% return, which is significantly higher than SCHD's 3.21% 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. SCHD - Expense Ratio Comparison
PDBC has a 0.58% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Risk-Adjusted Performance
PDBC vs. SCHD - 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 Schwab US Dividend Equity ETF (SCHD). 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. SCHD - Dividend Comparison
PDBC's dividend yield for the trailing twelve months is around 4.02%, more than SCHD's 3.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
SCHD Schwab US Dividend Equity ETF | 3.43% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
PDBC vs. SCHD - Drawdown Comparison
The maximum PDBC drawdown since its inception was -49.52%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for PDBC and SCHD. For additional features, visit the drawdowns tool.
Volatility
PDBC vs. SCHD - Volatility Comparison
The current volatility for Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) is 2.85%, while Schwab US Dividend Equity ETF (SCHD) has a volatility of 3.61%. This indicates that PDBC experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.