Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC)

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Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) is up 31.2% since the beginning of the year. PDBC is currently trading at $17 per share. Investors who bought $1,000 worth of PDBC shares 5 years ago would now be looking at an investment worth $1,709.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has returned 31.17% so far this year and 38.99% over the past 12 months. Over the last ten years, PDBC has returned 8.12% per year, falling short of the S&P 500 Index benchmark, which averaged 13.42% annually.

Based on dividend-adjusted daily data since Nov 7, 2014, PDBC's average daily return is +0.02%, while the average monthly return is +0.43%. At this rate, an investment would double in approximately 13.5 years.

Historically, 56% of months were positive and 44% were negative. The best month was Mar 2026 with a return of +16.1%, while the worst month was Mar 2020 at -16.5%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.

On a daily basis, PDBC closed higher 52% of trading days. The best single day was Aug 28, 2015 with a return of +4.8%, while the worst single day was Mar 9, 2022 at -7.9%.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has an annualized alpha of 1.61%, beta of 0.30, and R2 of 0.09 versus S&P 500 Index. Calculated based on daily prices since November 07, 2014.

• This ETF participated in 56.66% of S&P 500 Index downside but only 39.02% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.30 may look defensive, but with R2 of 0.09 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 0.09 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.

PDBC has an expense ratio of 0.58%, placing it in the medium range.

PDBC ranks 75 for risk / return — better than 75% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) and compare them to S&P 500 Index.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF provided a 2.93% dividend yield over the last twelve months, with an annual payout of $0.51 per share.

The table displays the monthly dividend distributions for Invesco Optimum Yield Diversified 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 Optimum Yield Diversified 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 Optimum Yield Diversified Commodity Strategy No K-1 ETF was 49.52%, occurring on Apr 28, 2020. Recovery took 370 trading sessions.

The current Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF drawdown is 8.09%.

The chart below shows the rolling one-month volatility.