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DBC vs. PDBC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between DBC and PDBC is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.3

Performance

DBC vs. PDBC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DB Commodity Index Tracking Fund (DBC) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC). The values are adjusted to include any dividend payments, if applicable.

5.00%10.00%15.00%20.00%NovemberDecember2025FebruaryMarchApril
11.15%
9.94%
DBC
PDBC

Key characteristics

Sharpe Ratio

DBC:

-0.28

PDBC:

-0.35

Sortino Ratio

DBC:

-0.29

PDBC:

-0.39

Omega Ratio

DBC:

0.97

PDBC:

0.95

Calmar Ratio

DBC:

-0.09

PDBC:

-0.20

Martin Ratio

DBC:

-0.78

PDBC:

-0.93

Ulcer Index

DBC:

5.72%

PDBC:

5.87%

Daily Std Dev

DBC:

15.85%

PDBC:

15.67%

Max Drawdown

DBC:

-76.36%

PDBC:

-49.52%

Current Drawdown

DBC:

-46.56%

PDBC:

-23.22%

Returns By Period

In the year-to-date period, DBC achieves a -0.14% return, which is significantly higher than PDBC's -1.00% return. Over the past 10 years, DBC has outperformed PDBC with an annualized return of 2.95%, while PDBC has yielded a comparatively lower 2.80% annualized return.


DBC

YTD

-0.14%

1M

-3.79%

6M

-1.40%

1Y

-4.95%

5Y*

17.77%

10Y*

2.95%

PDBC

YTD

-1.00%

1M

-4.46%

6M

-2.31%

1Y

-5.93%

5Y*

16.92%

10Y*

2.80%

*Annualized

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DBC vs. PDBC - Expense Ratio Comparison

DBC has a 0.85% expense ratio, which is higher than PDBC's 0.58% expense ratio.


Expense ratio chart for DBC: current value is 0.85%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
DBC: 0.85%
Expense ratio chart for PDBC: current value is 0.58%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
PDBC: 0.58%

Risk-Adjusted Performance

DBC vs. PDBC — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DBC
The Risk-Adjusted Performance Rank of DBC is 1010
Overall Rank
The Sharpe Ratio Rank of DBC is 1010
Sharpe Ratio Rank
The Sortino Ratio Rank of DBC is 99
Sortino Ratio Rank
The Omega Ratio Rank of DBC is 99
Omega Ratio Rank
The Calmar Ratio Rank of DBC is 1515
Calmar Ratio Rank
The Martin Ratio Rank of DBC is 88
Martin Ratio Rank

PDBC
The Risk-Adjusted Performance Rank of PDBC is 88
Overall Rank
The Sharpe Ratio Rank of PDBC is 88
Sharpe Ratio Rank
The Sortino Ratio Rank of PDBC is 77
Sortino Ratio Rank
The Omega Ratio Rank of PDBC is 88
Omega Ratio Rank
The Calmar Ratio Rank of PDBC is 1010
Calmar Ratio Rank
The Martin Ratio Rank of PDBC is 77
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

DBC vs. PDBC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DB Commodity Index Tracking Fund (DBC) 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.


The chart of Sharpe ratio for DBC, currently valued at -0.28, compared to the broader market-1.000.001.002.003.004.00
DBC: -0.28
PDBC: -0.35
The chart of Sortino ratio for DBC, currently valued at -0.29, compared to the broader market-2.000.002.004.006.008.00
DBC: -0.29
PDBC: -0.39
The chart of Omega ratio for DBC, currently valued at 0.97, compared to the broader market0.501.001.502.002.50
DBC: 0.97
PDBC: 0.95
The chart of Calmar ratio for DBC, currently valued at -0.16, compared to the broader market0.002.004.006.008.0010.0012.00
DBC: -0.16
PDBC: -0.20
The chart of Martin ratio for DBC, currently valued at -0.78, compared to the broader market0.0020.0040.0060.00
DBC: -0.78
PDBC: -0.93

The current DBC Sharpe Ratio is -0.28, which is comparable to the PDBC Sharpe Ratio of -0.35. The chart below compares the historical Sharpe Ratios of DBC and PDBC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.50NovemberDecember2025FebruaryMarchApril
-0.28
-0.35
DBC
PDBC

Dividends

DBC vs. PDBC - Dividend Comparison

DBC's dividend yield for the trailing twelve months is around 5.23%, more than PDBC's 4.47% yield.


TTM202420232022202120202019201820172016
DBC
Invesco DB Commodity Index Tracking Fund
5.23%5.22%4.94%0.59%0.00%0.00%1.59%1.30%0.00%0.00%
PDBC
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
4.47%4.43%4.21%13.04%50.83%0.01%1.40%1.00%3.83%6.50%

Drawdowns

DBC vs. PDBC - Drawdown Comparison

The maximum DBC drawdown since its inception was -76.36%, which is greater than PDBC's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for DBC and PDBC. For additional features, visit the drawdowns tool.


-28.00%-26.00%-24.00%-22.00%-20.00%-18.00%-16.00%NovemberDecember2025FebruaryMarchApril
-22.25%
-23.22%
DBC
PDBC

Volatility

DBC vs. PDBC - Volatility Comparison

Invesco DB Commodity Index Tracking Fund (DBC) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) have volatilities of 8.01% and 8.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%NovemberDecember2025FebruaryMarchApril
8.01%
8.23%
DBC
PDBC