CMOD.L vs. PDBC
Compare and contrast key facts about Invesco Bloomberg Commodity UCITS ETF (CMOD.L) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC).
CMOD.L and PDBC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CMOD.L is a passively managed fund by Invesco that tracks the performance of the Bloomberg Commodity TR Index. It was launched on Aug 17, 2018. PDBC is an actively managed fund by Invesco. It was launched on Nov 7, 2014.
Performance
CMOD.L vs. PDBC - Performance Comparison
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CMOD.L vs. PDBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMOD.L Invesco Bloomberg Commodity UCITS ETF | 24.38% | 16.16% | 4.13% | -7.56% | 14.50% | 27.35% | -3.87% | 6.64% | -10.22% | 0.08% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 30.72% | 5.96% | 2.09% | -6.25% | 19.23% | 41.72% | -7.84% | 11.44% | -12.78% | 4.51% |
Returns By Period
In the year-to-date period, CMOD.L achieves a 24.38% return, which is significantly lower than PDBC's 30.72% return.
CMOD.L
- 1D
- 0.57%
- 1M
- 12.21%
- YTD
- 24.38%
- 6M
- 32.05%
- 1Y
- 32.73%
- 3Y*
- 13.75%
- 5Y*
- 13.60%
- 10Y*
- —
PDBC
- 1D
- -1.03%
- 1M
- 16.09%
- YTD
- 30.72%
- 6M
- 33.97%
- 1Y
- 32.00%
- 3Y*
- 11.28%
- 5Y*
- 14.29%
- 10Y*
- 9.86%
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CMOD.L vs. PDBC - Expense Ratio Comparison
CMOD.L has a 0.19% expense ratio, which is lower than PDBC's 0.58% expense ratio.
Return for Risk
CMOD.L vs. PDBC — Risk / Return Rank
CMOD.L
PDBC
CMOD.L vs. PDBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Commodity UCITS ETF (CMOD.L) 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.
| CMOD.L | PDBC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.02 | 1.72 | +0.29 |
Sortino ratioReturn per unit of downside risk | 2.62 | 2.31 | +0.31 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.31 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 3.59 | 3.04 | +0.55 |
Martin ratioReturn relative to average drawdown | 9.13 | 7.48 | +1.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CMOD.L | PDBC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.02 | 1.72 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.76 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.22 | +0.27 |
Correlation
The correlation between CMOD.L and PDBC is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CMOD.L vs. PDBC - Dividend Comparison
CMOD.L has not paid dividends to shareholders, while PDBC's dividend yield for the trailing twelve months is around 2.94%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
CMOD.L Invesco Bloomberg Commodity UCITS 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 | 2.94% | 3.84% | 4.42% | 4.21% | 13.05% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.51% |
Drawdowns
CMOD.L vs. PDBC - Drawdown Comparison
The maximum CMOD.L drawdown since its inception was -33.16%, smaller than the maximum PDBC drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for CMOD.L and PDBC.
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Drawdown Indicators
| CMOD.L | PDBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.16% | -49.52% | +16.36% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -11.07% | +2.12% |
Max Drawdown (5Y)Largest decline over 5 years | -26.86% | -27.63% | +0.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.73% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.03% | +1.03% |
Average DrawdownAverage peak-to-trough decline | -12.47% | -23.53% | +11.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 4.50% | -0.99% |
Volatility
CMOD.L vs. PDBC - Volatility Comparison
The current volatility for Invesco Bloomberg Commodity UCITS ETF (CMOD.L) is 7.09%, while Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a volatility of 8.15%. This indicates that CMOD.L 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
| CMOD.L | PDBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.09% | 8.15% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 12.96% | 13.88% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.18% | 18.72% | -2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.30% | 18.92% | -2.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.53% | 17.69% | -3.16% |