PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) Sharpe Ratio: 1.20

ETF · Currency in USD · Last updated Jun 23, 2026

PDBC, or the Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF, is an actively managed exchange-traded fund that seeks to provide exposure to the performance of a variety of commodities, including energy, agricultural, and precious and base metals. The fund is managed by Invesco, a leading global investment management firm, and uses a variety of investment strategies to achieve its investment objective.

PDBC was launched on November 7, 2014, with an expense ratio of 0.58%.

PDBC's Sharpe Ratio of 1.20 indicates that for each unit of volatility, it generates 1.20 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 23, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

PDBC Sharpe Ratio Rank

PDBC Sharpe Ratio Rank: 34.134
Below Average

PDBC ranks above 34.1% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

PDBC Sharpe Ratio Market Positioning

The chart shows PDBC's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.86 or lower
  • Yellow zone (middle 50%): 0.86 to 2.31
  • Green zone (top 25%): 2.31 or higher
  • Top 1%: 7.47+
  • Median: 1.67 — half of all investments score higher

How it compares to other similar ETFs

The table compares Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF's Sharpe Ratio with other ETFs in the Commodities category across multiple time periods, showing how PDBC's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 23, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
BWETBreakwave Tanker Shipping ETF16.89
ZSBUSCF Sustainable Battery Metals Strategy Fund2.65
BDRYBreakwave Dry Bulk Shipping ETF2.44
ZSCUSCF Sustainable Commodity Strategy Fund2.43
EVMTInvesco Electric Vehicle Metals Commodity Strategy No K-1 ETF2.34
FAARFirst Trust Alternative Absolute Return Strategy ETF2.02
COMDirexion Auspice Broad Commodity Strategy ETF1.79
PITVanEck Commodity Strategy ETF1.78
ISCMFiShares Diversified Commodity Swap UCITS ETF1.76
FTGCFirst Trust Global Tactical Commodity Strategy Fund1.72
PDBCInvesco Optimum Yield Diversified Commodity Strategy No K-1 ETF1.20

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows PDBC's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when PDBC consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

Loading charts...

Sharpe Ratio Calculator

How does PDBC fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

Analyze Your Portfolio