UBT vs. PDBC
Compare and contrast key facts about ProShares Ultra 20+ Year Treasury (UBT) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC).
UBT and PDBC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UBT is a passively managed fund by ProShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Index (200%). It was launched on Jan 19, 2010. 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: UBT or PDBC.
Performance
UBT vs. PDBC - Performance Comparison
Returns By Period
In the year-to-date period, UBT achieves a -17.08% return, which is significantly lower than PDBC's 2.18% return. Over the past 10 years, UBT has underperformed PDBC with an annualized return of -5.44%, while PDBC has yielded a comparatively higher 1.28% annualized return.
UBT
-17.08%
-4.48%
-1.64%
-1.24%
-17.38%
-5.44%
PDBC
2.18%
-1.16%
-3.89%
-2.22%
9.19%
1.28%
Key characteristics
| UBT | PDBC | |
|---|---|---|
| Sharpe Ratio | -0.01 | -0.21 |
| Sortino Ratio | 0.19 | -0.20 |
| Omega Ratio | 1.02 | 0.98 |
| Calmar Ratio | -0.00 | -0.11 |
| Martin Ratio | -0.02 | -0.58 |
| Ulcer Index | 13.71% | 5.18% |
| Daily Std Dev | 29.01% | 14.17% |
| Max Drawdown | -78.90% | -49.52% |
| Current Drawdown | -75.07% | -22.38% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
UBT vs. PDBC - Expense Ratio Comparison
UBT has a 0.95% expense ratio, which is higher than PDBC's 0.58% expense ratio.
Correlation
The correlation between UBT and PDBC is -0.16. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
UBT vs. PDBC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra 20+ Year Treasury (UBT) 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
UBT vs. PDBC - Dividend Comparison
UBT's dividend yield for the trailing twelve months is around 4.24%, more than PDBC's 4.12% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UBT ProShares Ultra 20+ Year Treasury | 4.24% | 3.53% | 0.30% | 0.00% | 0.26% | 1.50% | 1.55% | 1.37% | 1.04% | 1.56% | 0.79% | 0.18% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 4.12% | 4.21% | 13.04% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.50% | 0.00% | 0.00% | 0.00% |
Drawdowns
UBT vs. PDBC - Drawdown Comparison
The maximum UBT drawdown since its inception was -78.90%, which is greater than PDBC's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for UBT and PDBC. For additional features, visit the drawdowns tool.
Volatility
UBT vs. PDBC - Volatility Comparison
ProShares Ultra 20+ Year Treasury (UBT) has a higher volatility of 8.78% compared to Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) at 4.84%. This indicates that UBT'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.