PDBC vs. USCI
Compare and contrast key facts about Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) and United States Commodity Index Fund (USCI).
PDBC and USCI 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. USCI is a passively managed fund by Concierge Technologies that tracks the performance of the SummerHaven Dynamic Commodity (TR). It was launched on Aug 10, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PDBC or USCI.
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.
Performance
PDBC vs. USCI - Performance Comparison
Key characteristics
PDBC:
0.48
USCI:
1.65
PDBC:
0.77
USCI:
2.31
PDBC:
1.09
USCI:
1.28
PDBC:
0.24
USCI:
0.93
PDBC:
1.25
USCI:
6.65
PDBC:
5.26%
USCI:
3.14%
PDBC:
13.72%
USCI:
12.71%
PDBC:
-49.52%
USCI:
-66.41%
PDBC:
-19.22%
USCI:
-5.93%
Returns By Period
The year-to-date returns for both stocks are quite close, with PDBC having a 4.16% return and USCI slightly lower at 4.08%. Over the past 10 years, PDBC has underperformed USCI with an annualized return of 3.74%, while USCI has yielded a comparatively higher 3.94% annualized return.
PDBC
4.16%
4.61%
1.75%
6.18%
9.58%
3.74%
USCI
4.08%
3.17%
9.96%
20.47%
13.78%
3.94%
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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.
Risk-Adjusted Performance
PDBC vs. USCI — Risk-Adjusted Performance Rank
PDBC
USCI
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.
Dividends
PDBC vs. USCI - Dividend Comparison
PDBC's dividend yield for the trailing twelve months is around 4.25%, while USCI has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 4.25% | 4.43% | 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% | 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.
Volatility
PDBC vs. USCI - Volatility Comparison
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) and United States Commodity Index Fund (USCI) have volatilities of 3.49% and 3.64%, 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.