COM vs. PDBC
COM (Direxion Auspice Broad Commodity Strategy ETF) and PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) are both Commodities funds. COM is passively managed, while PDBC is actively managed. Over the past 5 years, COM returned 8.28%/yr vs 12.39%/yr for PDBC. A 0.63 correlation means they provide meaningful diversification when combined. COM charges 0.70%/yr vs 0.58%/yr for PDBC.
Performance
COM vs. PDBC - Performance Comparison
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Returns By Period
In the year-to-date period, COM achieves a 14.96% return, which is significantly lower than PDBC's 36.23% return.
COM
- 1D
- -0.76%
- 1M
- -2.14%
- YTD
- 14.96%
- 6M
- 14.36%
- 1Y
- 22.41%
- 3Y*
- 7.16%
- 5Y*
- 8.28%
- 10Y*
- —
PDBC
- 1D
- 0.39%
- 1M
- -3.37%
- YTD
- 36.23%
- 6M
- 36.27%
- 1Y
- 45.46%
- 3Y*
- 14.42%
- 5Y*
- 12.39%
- 10Y*
- 8.79%
COM vs. PDBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COM Direxion Auspice Broad Commodity Strategy ETF | 14.96% | 7.72% | 5.81% | -2.09% | 9.17% | 28.00% | 6.63% | -0.18% | -0.03% | -2.05% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 36.23% | 5.96% | 2.09% | -6.25% | 19.23% | 41.72% | -7.84% | 11.44% | -12.78% | 9.69% |
Correlation
The correlation between COM and PDBC is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2017 | 0.63 |
The correlation between COM and PDBC shifts across timeframes, from 0.63 (all time) to 0.78 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
COM vs. PDBC — Risk / Return Rank
COM
PDBC
COM vs. PDBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Auspice Broad Commodity Strategy ETF (COM) 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.
| COM | PDBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.43 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.95 | 6.35 | -1.40 |
| Martin ratioReturn relative to average drawdown | 14.37 | 13.39 | +0.98 |
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
| COM | PDBC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 2.46 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | 0.65 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.23 | +0.49 |
Drawdowns
COM vs. PDBC - Drawdown Comparison
The maximum COM drawdown since its inception was -15.95%, smaller than the maximum PDBC drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for COM and PDBC.
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Drawdown Indicators
| COM | PDBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.95% | -49.52% | +33.57% |
Max Drawdown (1Y)Largest decline over 1 year | -4.55% | -7.19% | +2.64% |
Max Drawdown (3Y)Largest decline over 3 years | -8.50% | -13.95% | +5.45% |
Max Drawdown (5Y)Largest decline over 5 years | -14.02% | -27.63% | +13.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.73% | — |
Current DrawdownCurrent decline from peak | -4.55% | -4.55% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.28% | -23.21% | +16.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 3.41% | -1.85% |
Volatility
COM vs. PDBC - Volatility Comparison
The current volatility for Direxion Auspice Broad Commodity Strategy ETF (COM) is 4.04%, while Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a volatility of 6.20%. This indicates that COM 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
| COM | PDBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 6.20% | -2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 8.60% | 15.78% | -7.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.41% | 18.61% | -8.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.60% | 19.12% | -9.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.77% | 17.78% | -8.01% |
COM vs. PDBC - Expense Ratio Comparison
COM has a 0.70% expense ratio, which is higher than PDBC's 0.58% expense ratio.
Dividends
COM vs. PDBC - Dividend Comparison
COM's dividend yield for the trailing twelve months is around 2.46%, less than PDBC's 2.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
COM Direxion Auspice Broad Commodity Strategy ETF | 2.46% | 2.99% | 3.88% | 3.80% | 8.59% | 10.32% | 0.13% | 1.09% | 2.36% | 0.09% | 0.00% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 2.82% | 3.84% | 4.42% | 4.21% | 13.05% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.51% |
Frequently Asked Questions
COM and PDBC have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDBC has higher volatility (6.20%) compared to COM (4.04%). In terms of maximum drawdown, COM dropped -15.95% vs PDBC's -49.52%.
On 5-year performance, PDBC leads with 12.39% vs 8.28% for COM. On fees, PDBC is cheaper at 0.58% per year. On volatility, COM has been the lower-risk option at 4.04%. 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 12.39% return vs 8.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PDBC is cheaper with a 0.58% expense ratio, compared with 0.70% for COM.
PDBC has the higher dividend yield at 2.82%, compared with 2.46% for COM.
They also come from different issuers: Direxion and Invesco. Their fees differ too: 0.70% for COM and 0.58% for PDBC.
PDBC currently has the higher Sharpe Ratio (2.46 vs 2.16), 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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