AGNG vs. PDBC
AGNG (Global X Aging Population ETF) and PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) are both exchange-traded funds - AGNG is a Health & Biotech Equities fund tracking the Indxx Aging Population Thematic Index, while PDBC is a Commodities fund actively managed by Invesco. AGNG is passively managed, while PDBC is actively managed. Over the past 10 years, AGNG returned 9.90%/yr vs 7.69%/yr for PDBC. At a 0.13 correlation, their price movements are largely independent. AGNG charges 0.50%/yr vs 0.58%/yr for PDBC.
Performance
AGNG vs. PDBC - Performance Comparison
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Returns By Period
In the year-to-date period, AGNG achieves a 2.16% return, which is significantly lower than PDBC's 24.08% return. Over the past 10 years, AGNG has outperformed PDBC with an annualized return of 9.90%, while PDBC has yielded a comparatively lower 7.69% annualized return.
AGNG
- 1D
- -0.26%
- 1M
- 4.28%
- 6M
- -1.02%
- YTD
- 2.16%
- 1Y
- 14.71%
- 3Y*
- 11.02%
- 5Y*
- 4.43%
- 10Y*
- 9.90%
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%
AGNG vs. PDBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGNG Global X Aging Population ETF | 2.16% | 20.01% | 7.03% | 9.65% | -8.61% | 3.91% | 18.96% | 25.24% | -1.45% | 28.17% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 24.08% | 5.96% | 2.09% | -6.25% | 19.23% | 41.72% | -7.84% | 11.44% | -12.78% | 5.06% |
Correlation
The correlation between AGNG and PDBC is -0.22, 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 | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since May 10, 2016 | 0.13 |
The correlation between AGNG and PDBC shifts across timeframes, from -0.22 (1 year) to 0.13 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
AGNG vs. PDBC — Risk / Return Rank
AGNG
PDBC
AGNG vs. PDBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Aging Population ETF (AGNG) 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.
| AGNG | PDBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.27 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.75 | -0.54 |
| Martin ratioReturn relative to average drawdown | 2.88 | 6.25 | -3.37 |
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Drawdowns
AGNG vs. PDBC - Drawdown Comparison
The maximum AGNG drawdown since its inception was -30.58%, smaller than the maximum PDBC drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for AGNG and PDBC.
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Drawdown Indicators
| AGNG | PDBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.58% | -49.52% | +18.94% |
Max Drawdown (1Y)Largest decline over 1 year | -11.45% | -16.55% | +5.10% |
Max Drawdown (3Y)Largest decline over 3 years | -14.48% | -16.55% | +2.07% |
Max Drawdown (5Y)Largest decline over 5 years | -25.66% | -27.63% | +1.97% |
Max Drawdown (10Y)Largest decline over 10 years | -30.58% | -40.73% | +10.15% |
Current DrawdownCurrent decline from peak | -4.60% | -13.06% | +8.46% |
Average DrawdownAverage peak-to-trough decline | -5.96% | -23.11% | +17.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.81% | 4.64% | +0.17% |
Volatility
AGNG vs. PDBC - Volatility Comparison
The current volatility for Global X Aging Population ETF (AGNG) is 4.57%, while Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a volatility of 5.48%. This indicates that AGNG experiences smaller price fluctuations and is considered to be less risky than PDBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGNG | PDBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.57% | 5.48% | -0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 10.83% | 16.59% | -5.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.01% | 18.72% | -4.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.31% | 19.19% | -3.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.18% | 17.75% | -0.57% |
AGNG vs. PDBC - Expense Ratio Comparison
AGNG has a 0.50% expense ratio, which is lower than PDBC's 0.58% expense ratio.
Dividends
AGNG vs. PDBC - Dividend Comparison
AGNG's dividend yield for the trailing twelve months is around 0.90%, less than PDBC's 3.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AGNG Global X Aging Population ETF | 0.90% | 0.88% | 0.83% | 0.96% | 0.49% | 0.72% | 0.36% | 0.83% | 1.00% | 1.04% | 0.45% |
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
AGNG and PDBC have a correlation of -0.22, 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 AGNG (4.57%). In terms of maximum drawdown, AGNG dropped -30.58% vs PDBC's -49.52%.
On 10-year performance, AGNG leads with 9.90% vs 7.69% for PDBC. On fees, AGNG is cheaper at 0.50% per year. On volatility, AGNG has been the lower-risk option at 4.57%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, AGNG has performed better with a 9.90% return vs 7.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AGNG is cheaper with a 0.50% expense ratio, compared with 0.58% for PDBC.
PDBC has the higher dividend yield at 3.09%, compared with 0.90% for AGNG.
AGNG is categorized as Health & Biotech Equities, while PDBC is Commodities. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.50% for AGNG and 0.58% for PDBC.
PDBC currently has the higher Sharpe Ratio (1.55 vs 0.99), 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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