ABLS vs. PDBC
ABLS (Abacus FCF Small Cap Leaders ETF) and PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) are both exchange-traded funds - ABLS is a Small Cap Blend Equities fund tracking the Abacus FCF Small Cap Leaders Index, while PDBC is a Commodities fund actively managed by Invesco. ABLS is passively managed, while PDBC is actively managed. Over the past year, ABLS returned 12.17% vs 27.16% for PDBC. At a correlation of -0.11, they often move in opposite directions. ABLS charges 0.39%/yr vs 0.58%/yr for PDBC.
Performance
ABLS vs. PDBC - Performance Comparison
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Returns By Period
In the year-to-date period, ABLS achieves a 15.88% return, which is significantly lower than PDBC's 24.08% return.
ABLS
- 1D
- -1.27%
- 1M
- 7.68%
- 6M
- 13.87%
- YTD
- 15.88%
- 1Y
- 12.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PDBC
- 1D
- 0.12%
- 1M
- -3.63%
- 6M
- 21.24%
- YTD
- 24.08%
- 1Y
- 27.16%
- 3Y*
- 9.96%
- 5Y*
- 10.22%
- 10Y*
- 7.69%
ABLS vs. PDBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ABLS Abacus FCF Small Cap Leaders ETF | 15.88% | -8.72% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 24.08% | -0.33% |
Correlation
The correlation between ABLS and PDBC is -0.25, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.25 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025 | -0.11 |
The correlation between ABLS and PDBC shifts across timeframes, from -0.25 (1 year) to -0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ABLS vs. PDBC — Risk / Return Rank
ABLS
PDBC
ABLS vs. PDBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Abacus FCF Small Cap Leaders ETF (ABLS) 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.
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.
| ABLS | PDBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.27 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 1.75 | -1.12 |
| Martin ratioReturn relative to average drawdown | 1.77 | 6.25 | -4.47 |
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Drawdowns
ABLS vs. PDBC - Drawdown Comparison
The maximum ABLS drawdown since its inception was -19.28%, smaller than the maximum PDBC drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for ABLS and PDBC.
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Drawdown Indicators
| ABLS | PDBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.28% | -49.52% | +30.24% |
Max Drawdown (1Y)Largest decline over 1 year | -16.19% | -16.55% | +0.36% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.55% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.73% | — |
Current DrawdownCurrent decline from peak | -2.88% | -13.06% | +10.18% |
Average DrawdownAverage peak-to-trough decline | -7.93% | -23.11% | +15.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.80% | 4.64% | +1.16% |
Volatility
ABLS vs. PDBC - Volatility Comparison
Abacus FCF Small Cap Leaders ETF (ABLS) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) have volatilities of 5.26% and 5.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ABLS | PDBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.26% | 5.48% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 13.52% | 16.59% | -3.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.07% | 18.72% | -0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.15% | 19.19% | +1.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.15% | 17.75% | +3.40% |
ABLS vs. PDBC - Expense Ratio Comparison
ABLS has a 0.39% expense ratio, which is lower than PDBC's 0.58% expense ratio.
Dividends
ABLS vs. PDBC - Dividend Comparison
ABLS's dividend yield for the trailing twelve months is around 12.43%, more than PDBC's 3.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ABLS Abacus FCF Small Cap Leaders ETF | 12.43% | 14.04% | 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 | 3.09% | 3.84% | 4.42% | 4.21% | 13.05% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.51% |
Frequently Asked Questions
ABLS and PDBC have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDBC has higher volatility (5.48%) compared to ABLS (5.26%). In terms of maximum drawdown, ABLS dropped -19.28% vs PDBC's -49.52%.
On 1-year performance, PDBC leads with 27.16% vs 12.17% for ABLS. On fees, ABLS is cheaper at 0.39% per year. On volatility, ABLS has been the lower-risk option at 5.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PDBC has performed better with a 27.16% return vs 12.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ABLS is cheaper with a 0.39% expense ratio, compared with 0.58% for PDBC.
ABLS has the higher dividend yield at 12.43%, compared with 3.09% for PDBC.
ABLS is categorized as Small Cap Blend Equities, while PDBC is Commodities. They also come from different issuers: Abacus and Invesco. Their fees differ too: 0.39% for ABLS and 0.58% for PDBC.
PDBC currently has the higher Sharpe Ratio (1.55 vs 0.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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