- ISIN
- US46090F3082
- CUSIP
- 46090F308
- Issuer
- Invesco
- Inception Date
- Aug 24, 2022
- Category
- Agricultural Commodities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Commodity
- Assets Under Management
- $464M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
PDBA Performance Chart
Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA) is up 4.5% since the beginning of the year. PDBA is currently trading at $36 per share.
Loading charts...
Returns By Period
Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA) has returned 4.50% so far this year and 4.20% over the past 12 months.
Invesco Agriculture Commodity Strategy No K-1 ETF
- 1D
- 0.03%
- 1M
- -3.37%
- YTD
- 4.50%
- 6M
- 4.66%
- 1Y
- 4.20%
- 3Y*
- 11.93%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PDBA Monthly Returns History
Based on dividend-adjusted daily data since Aug 24, 2022, PDBA's average daily return is +0.04%, while the average monthly return is +0.84%. At this rate, an investment would double in approximately 6.9 years.
Historically, 55% of months were positive and 45% were negative. The best month was Mar 2024 with a return of +11.8%, while the worst month was Jun 2024 at -5.2%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.
On a daily basis, PDBA closed higher 52% of trading days. The best single day was May 7, 2024 with a return of +3.5%, while the worst single day was May 13, 2024 at -4.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.53% | 1.58% | 5.04% | 2.36% | -2.76% | -2.12% | 4.50% | ||||||
| 2025 | 3.47% | -3.55% | -0.51% | 1.88% | -0.45% | -2.22% | -0.77% | 6.92% | -3.62% | -1.65% | 0.16% | 0.05% | -0.76% |
| 2024 | 4.49% | 2.51% | 11.78% | -0.42% | 1.94% | -5.18% | -0.41% | 4.85% | 4.76% | -2.21% | 4.97% | 3.67% | 34.16% |
| 2023 | 0.46% | -0.10% | 0.67% | 2.91% | -2.28% | 3.23% | 3.74% | -0.56% | -1.66% | 2.93% | 1.26% | -2.77% | 7.83% |
| 2022 | -1.62% | -2.85% | -0.90% | 0.84% | 1.21% | -3.34% |
Benchmark Metrics
Invesco Agriculture Commodity Strategy No K-1 ETF has an annualized alpha of 9.16%, beta of 0.11, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since August 24, 2022.
- This ETF captured 27.31% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -0.65%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.11 may look defensive, but with R2 of 0.02 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.02 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 9.16%
- Beta
- 0.11
- R²
- 0.02
- Upside Capture
- 27.31%
- Downside Capture
- -0.65%
Expense Ratio
PDBA has an expense ratio of 0.59%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PDBA ranks 13 for risk / return — in the bottom 13% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PDBA | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.37 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.49 | 2.78 | -2.29 |
| Martin ratioReturn relative to average drawdown | 1.05 | 12.44 | -11.39 |
Dividends
Dividend History
Invesco Agriculture Commodity Strategy No K-1 ETF provided a 3.18% dividend yield over the last twelve months, with an annual payout of $1.13 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $1.13 | $1.13 | $4.61 | $2.04 | $0.22 |
Dividend yield | 3.18% | 3.32% | 13.01% | 6.82% | 0.74% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Agriculture Commodity Strategy No K-1 ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.13 | $1.13 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.61 | $4.61 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.04 | $2.04 |
| 2022 | $0.22 | $0.22 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco Agriculture Commodity Strategy No K-1 ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco Agriculture Commodity Strategy No K-1 ETF was 12.45%, occurring on Aug 1, 2024. Recovery took 80 trading sessions.
The current Invesco Agriculture Commodity Strategy No K-1 ETF drawdown is 7.26%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2024 correction2024 | -12.45%Aug 2024 | 3mo 8d | 3mo 23d | 7mo 1dApr 2024 - Nov 2024 |
2025 selloff2025 | -9.61%Apr 2025 | 1mo 17d | 11mo 28d | 1y 1moFeb 2025 - Mar 2026 |
2026 pullback2026 | -8.59%Jun 2026 | 26d | — | 1mo 10dMay 2026 - now |
2023 pullback2023 | -7.12%Jan 2023 | 4mo 20d | 3mo 2d | 7mo 22dAug 2022 - Apr 2023 |
2023 pullback2023 | -5.44%Aug 2023 | 20d | 2mo 20d | 3mo 10dJul 2023 - Nov 2023 |
Drawdown Indicators
| PDBA | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.45% | -56.78% | +44.33% |
Max Drawdown (1Y)Largest decline over 1 year | -8.59% | -9.10% | +0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -12.45% | -18.90% | +6.45% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -7.26% | -1.80% | -5.46% |
Average DrawdownAverage peak-to-trough decline | -3.98% | -10.71% | +6.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.00% | 2.03% | +1.97% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with PDBA
Add Invesco Agriculture Commodity Strategy No K-1 ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with PDBA