BCFN vs. PDBC
BCFN (Baron Financials ETF) and PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) are both exchange-traded funds - BCFN is a Financials Equities fund tracking the Actively Managed, while PDBC is a Commodities fund actively managed by Invesco. BCFN is passively managed, while PDBC is actively managed. Their -0.19 correlation means they have often moved in opposite directions in the past. BCFN charges 0.80%/yr vs 0.58%/yr for PDBC.
Performance
BCFN vs. PDBC - Performance Comparison
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Returns By Period
In the year-to-date period, BCFN achieves a -8.91% return, which is significantly lower than PDBC's 32.53% return.
BCFN
- 1D
- -0.22%
- 1M
- 1.82%
- 6M
- -4.65%
- YTD
- -8.91%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
PDBC
- 1D
- 0.34%
- 1M
- 10.65%
- 6M
- 20.94%
- YTD
- 32.53%
- 1Y
- 38.61%
- 3Y*
- 10.51%
- 5Y*
- 11.22%
- 10Y*
- 9.21%
- ALL TIME*
- 3.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $34.29K | $30.00K | $73.20K | |
| $92.97M | $139.65M | $120.69M |
BCFN vs. PDBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BCFN Baron Financials ETF | -8.91% | -0.45% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 32.53% | 0.98% |
Correlation
The correlation between BCFN and PDBC is -0.19, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 15, 2025 | -0.19 |
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Return for Risk
BCFN vs. PDBC — Risk / Return Rank
BCFN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PDBC
BCFN vs. PDBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Financials ETF (BCFN) 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.
| BCFN | PDBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.21 | — |
| Martin ratioReturn relative to average drawdown | — | 7.40 | — |
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Drawdowns
BCFN vs. PDBC - Drawdown Comparison
The maximum BCFN drawdown since its inception was -20.95%, smaller than the maximum PDBC drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for BCFN and PDBC.
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Drawdown Indicators
| BCFN | PDBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.95% | -49.52% | +28.57% |
Max Drawdown (1Y)Largest decline over 1 year | — | -16.55% | — |
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 | -11.17% | -7.14% | -4.03% |
Average DrawdownAverage peak-to-trough decline | -12.62% | -23.03% | +10.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.98% | — |
Volatility
BCFN vs. PDBC - Volatility Comparison
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Volatility by Period
| BCFN | PDBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.00% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 17.41% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.88% | 19.62% | -0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.88% | 19.27% | -0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.88% | 17.83% | +1.05% |
BCFN vs. PDBC - Expense Ratio Comparison
BCFN has a 0.80% expense ratio, which is higher than PDBC's 0.58% expense ratio.
Dividends
BCFN vs. PDBC - Dividend Comparison
BCFN has not paid dividends to shareholders, while PDBC's dividend yield for the trailing twelve months is around 2.90%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BCFN Baron Financials ETF | 0.00% | 0.00% | 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 | 2.90% | 3.84% | 4.42% | 4.21% | 13.05% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.51% |
Frequently Asked Questions
BCFN and PDBC have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PDBC is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PDBC is cheaper with a 0.58% expense ratio, compared with 0.80% for BCFN.
PDBC has the higher dividend yield at 2.90%, compared with 0.00% for BCFN.
BCFN is categorized as Financials Equities, while PDBC is Commodities. They also come from different issuers: Baron Capital and Invesco. Their fees differ too: 0.80% for BCFN and 0.58% for PDBC.
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