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

Key characteristics


RDVYPDBC
YTD Return23.41%-0.00%
1Y Return40.58%-5.09%
3Y Return (Ann)8.93%2.97%
5Y Return (Ann)15.09%8.83%
10Y Return (Ann)13.31%1.14%
Sharpe Ratio2.57-0.26
Sortino Ratio3.67-0.27
Omega Ratio1.470.97
Calmar Ratio4.00-0.14
Martin Ratio17.31-0.74
Ulcer Index2.33%5.07%
Daily Std Dev15.70%14.41%
Max Drawdown-40.60%-49.52%
Current Drawdown-0.79%-24.03%

Correlation

-0.50.00.51.00.3

The correlation between RDVY and PDBC is 0.32, 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 23.41% return, which is significantly higher than PDBC's -0.00% return. Over the past 10 years, RDVY has outperformed PDBC with an annualized return of 13.31%, while PDBC has yielded a comparatively lower 1.14% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-10.00%-5.00%0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
13.51%
-5.95%
RDVY
PDBC

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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.


PDBC
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
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%
Expense ratio chart for RDVY: current value at 0.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.50%

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.


RDVY
Sharpe ratio
The chart of Sharpe ratio for RDVY, currently valued at 2.57, compared to the broader market-2.000.002.004.006.002.57
Sortino ratio
The chart of Sortino ratio for RDVY, currently valued at 3.67, compared to the broader market-2.000.002.004.006.008.0010.0012.003.67
Omega ratio
The chart of Omega ratio for RDVY, currently valued at 1.47, compared to the broader market1.001.502.002.503.001.47
Calmar ratio
The chart of Calmar ratio for RDVY, currently valued at 4.00, compared to the broader market0.005.0010.0015.004.00
Martin ratio
The chart of Martin ratio for RDVY, currently valued at 17.31, compared to the broader market0.0020.0040.0060.0080.00100.00120.0017.31
PDBC
Sharpe ratio
The chart of Sharpe ratio for PDBC, currently valued at -0.26, compared to the broader market-2.000.002.004.006.00-0.26
Sortino ratio
The chart of Sortino ratio for PDBC, currently valued at -0.27, compared to the broader market-2.000.002.004.006.008.0010.0012.00-0.27
Omega ratio
The chart of Omega ratio for PDBC, currently valued at 0.97, compared to the broader market1.001.502.002.503.000.97
Calmar ratio
The chart of Calmar ratio for PDBC, currently valued at -0.14, compared to the broader market0.005.0010.0015.00-0.14
Martin ratio
The chart of Martin ratio for PDBC, currently valued at -0.74, compared to the broader market0.0020.0040.0060.0080.00100.00120.00-0.74

RDVY vs. PDBC - Sharpe Ratio Comparison

The current RDVY Sharpe Ratio is 2.57, which is higher than the PDBC Sharpe Ratio of -0.26. The chart below compares the historical Sharpe Ratios of RDVY and PDBC, 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-1.000.001.002.003.00JuneJulyAugustSeptemberOctoberNovember
2.57
-0.26
RDVY
PDBC

Dividends

RDVY vs. PDBC - Dividend Comparison

RDVY's dividend yield for the trailing twelve months is around 1.62%, less than PDBC's 4.21% yield.


TTM2023202220212020201920182017201620152014
RDVY
First Trust Rising Dividend Achievers ETF
1.62%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
4.21%4.21%13.04%50.83%0.01%1.40%1.00%3.83%6.50%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.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.79%
-24.03%
RDVY
PDBC

Volatility

RDVY vs. PDBC - Volatility Comparison

First Trust Rising Dividend Achievers ETF (RDVY) has a higher volatility of 7.13% compared to Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) at 4.98%. 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.


3.00%4.00%5.00%6.00%7.00%JuneJulyAugustSeptemberOctoberNovember
7.13%
4.98%
RDVY
PDBC