RDVY vs. PDBC
Compare and contrast key facts about First Trust Rising Dividend Achievers ETF (RDVY) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC).
RDVY and PDBC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RDVY is a passively managed fund by First Trust that tracks the performance of the NASDAQ US Rising Dividend Achievers. It was launched on Jan 6, 2014. PDBC is an actively managed fund by Invesco. It was launched on Nov 7, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RDVY or PDBC.
Key characteristics
| RDVY | PDBC | |
|---|---|---|
| YTD Return | 8.16% | 6.69% |
| 1Y Return | 28.25% | 7.29% |
| 3Y Return (Ann) | 6.83% | 9.94% |
| 5Y Return (Ann) | 15.26% | 9.47% |
| Sharpe Ratio | 2.19 | 0.63 |
| Daily Std Dev | 14.32% | 13.75% |
| Max Drawdown | -40.60% | -49.52% |
| Current Drawdown | -0.91% | -18.95% |
Correlation
The correlation between RDVY and PDBC is 0.33, 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
RDVY vs. PDBC - Performance Comparison
In the year-to-date period, RDVY achieves a 8.16% return, which is significantly higher than PDBC's 6.69% 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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RDVY vs. PDBC - Expense Ratio Comparison
RDVY has a 0.50% expense ratio, which is lower than PDBC's 0.58% expense ratio.
Risk-Adjusted Performance
RDVY vs. PDBC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Rising Dividend Achievers ETF (RDVY) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC). 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
RDVY vs. PDBC - Dividend Comparison
RDVY's dividend yield for the trailing twelve months is around 1.96%, less than PDBC's 3.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
RDVY First Trust Rising Dividend Achievers ETF | 1.96% | 2.09% | 2.21% | 1.04% | 1.53% | 1.55% | 1.68% | 1.25% | 2.07% | 2.14% | 1.91% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 3.95% | 4.21% | 13.05% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.51% | 0.00% | 0.00% |
Drawdowns
RDVY vs. PDBC - Drawdown Comparison
The maximum RDVY drawdown since its inception was -40.60%, smaller than the maximum PDBC drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for RDVY and PDBC. For additional features, visit the drawdowns tool.
Volatility
RDVY vs. PDBC - Volatility Comparison
First Trust Rising Dividend Achievers ETF (RDVY) has a higher volatility of 3.44% compared to Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) at 2.80%. This indicates that RDVY's price experiences larger fluctuations and is considered to be riskier than PDBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.