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

Correlation

The correlation between PDBC and USCI is 0.76, 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.


-0.50.00.51.00.8

Performance

PDBC vs. USCI - 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 United States Commodity Index Fund (USCI). The values are adjusted to include any dividend payments, if applicable.

-10.00%-5.00%0.00%5.00%JulyAugustSeptemberOctoberNovemberDecember
-6.59%
5.06%
PDBC
USCI

Key characteristics

Sharpe Ratio

PDBC:

-0.21

USCI:

1.18

Sortino Ratio

PDBC:

-0.21

USCI:

1.69

Omega Ratio

PDBC:

0.98

USCI:

1.20

Calmar Ratio

PDBC:

-0.11

USCI:

0.65

Martin Ratio

PDBC:

-0.58

USCI:

4.66

Ulcer Index

PDBC:

5.08%

USCI:

3.18%

Daily Std Dev

PDBC:

13.72%

USCI:

12.54%

Max Drawdown

PDBC:

-49.52%

USCI:

-66.41%

Current Drawdown

PDBC:

-24.66%

USCI:

-9.74%

Returns By Period

In the year-to-date period, PDBC achieves a -0.83% return, which is significantly lower than USCI's 17.08% return. Over the past 10 years, PDBC has underperformed USCI with an annualized return of 2.29%, while USCI has yielded a comparatively higher 2.84% annualized return.


PDBC

YTD

-0.83%

1M

-2.30%

6M

-6.59%

1Y

-1.79%

5Y*

7.89%

10Y*

2.29%

USCI

YTD

17.08%

1M

2.94%

6M

5.17%

1Y

13.62%

5Y*

12.57%

10Y*

2.84%

Compare stocks, funds, or ETFs

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PDBC vs. USCI - Expense Ratio Comparison

PDBC has a 0.58% expense ratio, which is lower than USCI's 1.03% expense ratio.


USCI
United States Commodity Index Fund
Expense ratio chart for USCI: current value at 1.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.03%
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%

Risk-Adjusted Performance

PDBC vs. USCI - 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 United States Commodity Index Fund (USCI). 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 -0.21, compared to the broader market0.002.004.00-0.211.09
The chart of Sortino ratio for PDBC, currently valued at -0.21, compared to the broader market-2.000.002.004.006.008.0010.00-0.211.57
The chart of Omega ratio for PDBC, currently valued at 0.98, compared to the broader market0.501.001.502.002.503.000.981.19
The chart of Calmar ratio for PDBC, currently valued at -0.11, compared to the broader market0.005.0010.0015.00-0.111.34
The chart of Martin ratio for PDBC, currently valued at -0.58, compared to the broader market0.0020.0040.0060.0080.00100.00-0.584.33
PDBC
USCI

The current PDBC Sharpe Ratio is -0.21, which is lower than the USCI Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of PDBC and USCI, 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-1.00-0.500.000.501.001.50JulyAugustSeptemberOctoberNovemberDecember
-0.21
1.09
PDBC
USCI

Dividends

PDBC vs. USCI - Dividend Comparison

Neither PDBC nor USCI has paid dividends to shareholders.


TTM20232022202120202019201820172016
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%
USCI
United States Commodity Index Fund
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

PDBC vs. USCI - Drawdown Comparison

The maximum PDBC drawdown since its inception was -49.52%, smaller than the maximum USCI drawdown of -66.41%. Use the drawdown chart below to compare losses from any high point for PDBC and USCI. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-24.66%
-1.01%
PDBC
USCI

Volatility

PDBC vs. USCI - Volatility Comparison

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a higher volatility of 3.28% compared to United States Commodity Index Fund (USCI) at 2.51%. This indicates that PDBC's price experiences larger fluctuations and is considered to be riskier than USCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
3.28%
2.51%
PDBC
USCI
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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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