BSCR vs. PDBC
BSCR (Invesco BulletShares 2027 Corporate Bond ETF) and PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) are both exchange-traded funds - BSCR is a Corporate Bonds fund tracking the NASDAQ Bulletshares® USD Corporate Bond 2027 Index, while PDBC is a Commodities fund actively managed by Invesco. BSCR is passively managed, while PDBC is actively managed. Over the past 5 years, BSCR returned 1.32%/yr vs 10.79%/yr for PDBC. Their -0.01 correlation means they have often moved in opposite directions in the past. BSCR charges 0.10%/yr vs 0.58%/yr for PDBC.
Performance
BSCR vs. PDBC - Performance Comparison
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Returns By Period
In the year-to-date period, BSCR achieves a 1.83% return, which is significantly lower than PDBC's 27.55% return.
BSCR
- 1D
- 0.00%
- 1M
- 0.30%
- 6M
- 1.52%
- YTD
- 1.83%
- 1Y
- 3.91%
- 3Y*
- 5.32%
- 5Y*
- 1.32%
- 10Y*
- —
- ALL TIME*
- 3.16%
PDBC
- 1D
- -2.03%
- 1M
- 6.49%
- 6M
- 17.93%
- YTD
- 27.55%
- 1Y
- 33.81%
- 3Y*
- 9.24%
- 5Y*
- 10.79%
- 10Y*
- 8.56%
- ALL TIME*
- 3.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $12.21M | $10.65M | $11.95M | |
| $116.56M | $150.03M | $123.54M |
BSCR vs. PDBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BSCR Invesco BulletShares 2027 Corporate Bond ETF | 1.83% | 5.77% | 4.52% | 6.41% | -9.56% | -1.72% | 9.68% | 14.88% | -2.63% | 0.81% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 27.55% | 5.96% | 2.09% | -6.25% | 19.23% | 41.72% | -7.84% | 11.44% | -12.78% | 6.87% |
Correlation
The correlation between BSCR and PDBC is -0.29, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.29 |
Correlation (3Y) Balances recent behavior with more history. | -0.11 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.03 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2017 | -0.01 |
Over the past year, the inverse relationship between BSCR and PDBC has strengthened: their correlation has moved from -0.01 to -0.29, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
BSCR vs. PDBC — Risk / Return Rank
BSCR
PDBC
BSCR vs. PDBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2027 Corporate Bond ETF (BSCR) 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.
| BSCR | PDBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.60 | ||
| Sortino ratioReturn per unit of downside risk | +5.11 | ||
| Omega ratioGain probability vs. loss probability | 2.09 | 1.29 | +0.80 |
| Calmar ratioReturn relative to maximum drawdown | 9.38 | 2.05 | +7.33 |
| Martin ratioReturn relative to average drawdown | 41.59 | 6.77 | +34.82 |
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Drawdowns
BSCR vs. PDBC - Drawdown Comparison
The maximum BSCR drawdown since its inception was -17.26%, smaller than the maximum PDBC drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for BSCR and PDBC.
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Drawdown Indicators
| BSCR | PDBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.26% | -49.52% | +32.26% |
Max Drawdown (1Y)Largest decline over 1 year | -0.42% | -16.55% | +16.13% |
Max Drawdown (3Y)Largest decline over 3 years | -2.27% | -16.55% | +14.28% |
Max Drawdown (5Y)Largest decline over 5 years | -14.76% | -27.63% | +12.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.73% | — |
Current DrawdownCurrent decline from peak | 0.00% | -10.63% | +10.63% |
Average DrawdownAverage peak-to-trough decline | -3.28% | -23.02% | +19.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 5.01% | -4.92% |
Volatility
BSCR vs. PDBC - Volatility Comparison
The current volatility for Invesco BulletShares 2027 Corporate Bond ETF (BSCR) is 0.14%, while Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a volatility of 7.66%. This indicates that BSCR 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
| BSCR | PDBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.14% | 7.66% | -7.52% |
Volatility (6M)Calculated over the trailing 6-month period | 0.59% | 16.82% | -16.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.91% | 19.73% | -18.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.07% | 19.29% | -15.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.30% | 17.85% | -12.55% |
BSCR vs. PDBC - Expense Ratio Comparison
BSCR has a 0.10% expense ratio, which is lower than PDBC's 0.58% expense ratio.
Dividends
BSCR vs. PDBC - Dividend Comparison
BSCR's dividend yield for the trailing twelve months is around 4.26%, more than PDBC's 3.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BSCR Invesco BulletShares 2027 Corporate Bond ETF | 4.26% | 4.26% | 4.27% | 3.74% | 2.65% | 2.12% | 2.46% | 3.11% | 3.35% | 0.78% | 0.00% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 3.01% | 3.84% | 4.42% | 4.21% | 13.05% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.51% |
Frequently Asked Questions
BSCR and PDBC have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDBC has higher volatility (7.66%) compared to BSCR (0.14%). In terms of maximum drawdown, BSCR dropped -17.26% vs PDBC's -49.52%.
On 5-year performance, PDBC leads with 10.79% vs 1.32% for BSCR. On fees, BSCR is cheaper at 0.10% per year. On volatility, BSCR has been the lower-risk option at 0.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PDBC has performed better with a 10.79% return vs 1.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSCR is cheaper with a 0.10% expense ratio, compared with 0.58% for PDBC.
BSCR has the higher dividend yield at 4.26%, compared with 3.01% for PDBC.
BSCR is categorized as Corporate Bonds, while PDBC is Commodities. Their fees differ too: 0.10% for BSCR and 0.58% for PDBC.
BSCR currently has the higher Sharpe Ratio (4.32 vs 1.72), 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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