USCI vs. PDBC
Compare and contrast key facts about United States Commodity Index Fund (USCI) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC).
USCI and PDBC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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: USCI or PDBC.
Key characteristics
| USCI | PDBC | |
|---|---|---|
| YTD Return | 11.37% | -0.30% |
| 1Y Return | 6.74% | -5.25% |
| 3Y Return (Ann) | 12.62% | 2.86% |
| 5Y Return (Ann) | 11.78% | 8.67% |
| 10Y Return (Ann) | 1.48% | 1.11% |
| Sharpe Ratio | 0.52 | -0.37 |
| Sortino Ratio | 0.79 | -0.43 |
| Omega Ratio | 1.09 | 0.95 |
| Calmar Ratio | 0.28 | -0.19 |
| Martin Ratio | 1.88 | -1.06 |
| Ulcer Index | 3.66% | 5.09% |
| Daily Std Dev | 13.31% | 14.34% |
| Max Drawdown | -66.41% | -49.52% |
| Current Drawdown | -14.14% | -24.26% |
Correlation
The correlation between USCI and PDBC is 0.77, 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
USCI vs. PDBC - Performance Comparison
In the year-to-date period, USCI achieves a 11.37% return, which is significantly higher than PDBC's -0.30% return. Over the past 10 years, USCI has outperformed PDBC with an annualized return of 1.48%, while PDBC has yielded a comparatively lower 1.11% annualized 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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USCI vs. PDBC - Expense Ratio Comparison
USCI has a 1.03% expense ratio, which is higher than PDBC's 0.58% expense ratio.
Risk-Adjusted Performance
USCI vs. PDBC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Commodity Index Fund (USCI) 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
USCI vs. PDBC - Dividend Comparison
USCI has not paid dividends to shareholders, while PDBC's dividend yield for the trailing twelve months is around 4.22%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
USCI United States Commodity Index Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 4.22% | 4.21% | 13.04% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.50% |
Drawdowns
USCI vs. PDBC - Drawdown Comparison
The maximum USCI drawdown since its inception was -66.41%, which is greater than PDBC's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for USCI and PDBC. For additional features, visit the drawdowns tool.
Volatility
USCI vs. PDBC - Volatility Comparison
The current volatility for United States Commodity Index Fund (USCI) is 4.21%, while Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a volatility of 4.59%. This indicates that USCI experiences smaller price fluctuations and is considered to be less risky than PDBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.