Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA)

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The chart shows the growth of an initial investment of $10,000 in Invesco Agriculture Commodity Strategy No K-1 ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA) has returned 7.26% so far this year and 7.20% over the past 12 months.

Based on dividend-adjusted daily data since Aug 24, 2022, PDBA's average daily return is +0.05%, while the average monthly return is +1.00%. At this rate, your investment would double in approximately 5.8 years.

Historically, 59% of months were positive and 41% 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 5 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%.

Invesco Agriculture Commodity Strategy No K-1 ETF has an annualized alpha of 11.40%, beta of 0.12, and R² of 0.02 versus S&P 500 Index. Calculated based on daily prices since August 25, 2022.

• This ETF captured 32.54% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -9.65%) — a profile typical of hedging or uncorrelated assets.
• Beta of 0.12 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.

PDBA has an expense ratio of 0.59%, placing it in the medium range.

PDBA ranks 29 for risk / return — below 29% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA) and compare them to a chosen benchmark (S&P 500 Index).

Invesco Agriculture Commodity Strategy No K-1 ETF provided a 3.10% dividend yield over the last twelve months, with an annual payout of $1.13 per share.

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.

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.

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 chart below shows the rolling one-month volatility.