BKNG vs. PDBC
BKNG (Booking Holdings Inc.) is a stock, while PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) is Commodities fund actively managed by Invesco. Over the past 10 years, BKNG returned 13.39%/yr vs 8.21%/yr for PDBC. At a 0.15 correlation, their price movements are largely independent.
Performance
BKNG vs. PDBC - Performance Comparison
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Returns By Period
In the year-to-date period, BKNG achieves a -13.41% return, which is significantly lower than PDBC's 28.00% return. Over the past 10 years, BKNG has outperformed PDBC with an annualized return of 13.39%, while PDBC has yielded a comparatively lower 8.21% annualized return.
BKNG
- 1D
- 0.99%
- 1M
- 5.06%
- 6M
- -10.70%
- YTD
- -13.41%
- 1Y
- -17.74%
- 3Y*
- 16.91%
- 5Y*
- 17.06%
- 10Y*
- 13.39%
PDBC
- 1D
- -1.22%
- 1M
- 1.74%
- 6M
- 23.17%
- YTD
- 28.00%
- 1Y
- 32.27%
- 3Y*
- 10.94%
- 5Y*
- 11.05%
- 10Y*
- 8.21%
BKNG vs. PDBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BKNG Booking Holdings Inc. | -13.41% | 8.59% | 41.31% | 76.02% | -16.00% | 7.72% | 8.45% | 19.24% | -0.88% | 18.53% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 28.00% | 5.96% | 2.09% | -6.25% | 19.23% | 41.72% | -7.84% | 11.44% | -12.78% | 5.06% |
Correlation
The correlation between BKNG and PDBC is -0.18, 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 | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2014 | 0.15 |
The correlation between BKNG and PDBC shifts across timeframes, from -0.18 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BKNG vs. PDBC — Risk / Return Rank
BKNG
PDBC
BKNG vs. PDBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Booking Holdings Inc. (BKNG) 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.
| BKNG | PDBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.24 | ||
| Sortino ratioReturn per unit of downside risk | -2.90 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.29 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 1.96 | -2.50 |
| Martin ratioReturn relative to average drawdown | -0.97 | 6.73 | -7.70 |
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Drawdowns
BKNG vs. PDBC - Drawdown Comparison
The maximum BKNG drawdown since its inception was -99.32%, which is greater than PDBC's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for BKNG and PDBC.
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Drawdown Indicators
| BKNG | PDBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.32% | -49.52% | -49.80% |
Max Drawdown (1Y)Largest decline over 1 year | -32.89% | -16.55% | -16.34% |
Max Drawdown (3Y)Largest decline over 3 years | -33.35% | -16.55% | -16.80% |
Max Drawdown (5Y)Largest decline over 5 years | -39.53% | -27.63% | -11.90% |
Max Drawdown (10Y)Largest decline over 10 years | -47.77% | -40.73% | -7.04% |
Current DrawdownCurrent decline from peak | -19.97% | -10.31% | -9.66% |
Average DrawdownAverage peak-to-trough decline | -46.97% | -23.09% | -23.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.34% | 4.80% | +13.54% |
Volatility
BKNG vs. PDBC - Volatility Comparison
Booking Holdings Inc. (BKNG) has a higher volatility of 11.82% compared to Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) at 6.25%. This indicates that BKNG's price experiences larger fluctuations and is considered to be riskier 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
| BKNG | PDBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.82% | 6.25% | +5.57% |
Volatility (6M)Calculated over the trailing 6-month period | 29.42% | 16.80% | +12.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.94% | 18.91% | +15.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.69% | 19.24% | +13.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.43% | 17.76% | +14.67% |
Dividends
BKNG vs. PDBC - Dividend Comparison
BKNG's dividend yield for the trailing twelve months is around 0.87%, less than PDBC's 3.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BKNG Booking Holdings Inc. | 0.87% | 0.72% | 0.70% | 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 | 3.00% | 3.84% | 4.42% | 4.21% | 13.05% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.51% |
Frequently Asked Questions
BKNG and PDBC have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKNG has higher volatility (11.82%) compared to PDBC (6.25%). In terms of maximum drawdown, BKNG dropped -99.32% vs PDBC's -49.52%.
PDBC currently has the higher Sharpe Ratio (1.71 vs -0.52), 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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