EQIN vs. PDBC
EQIN (Columbia U.S. Equity Income ETF) and PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) are both exchange-traded funds - EQIN is a Large Cap Value Equities fund actively managed by Columbia, while PDBC is a Commodities fund actively managed by Invesco. Both are actively managed. Over the past 5 years, EQIN returned 9.28%/yr vs 12.39%/yr for PDBC. At a 0.28 correlation, their price movements are largely independent. EQIN charges 0.35%/yr vs 0.58%/yr for PDBC.
Performance
EQIN vs. PDBC - Performance Comparison
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Returns By Period
In the year-to-date period, EQIN achieves a 7.94% return, which is significantly lower than PDBC's 36.23% return.
EQIN
- 1D
- -0.46%
- 1M
- 2.17%
- YTD
- 7.94%
- 6M
- 9.70%
- 1Y
- 17.40%
- 3Y*
- 14.91%
- 5Y*
- 9.28%
- 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%
EQIN vs. PDBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EQIN Columbia U.S. Equity Income ETF | 7.94% | 9.37% | 13.82% | 11.58% | 0.66% | 31.18% | 0.67% | 30.67% | -12.22% | 20.05% |
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% | 5.06% |
Correlation
The correlation between EQIN and PDBC is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2016 | 0.28 |
Over the past year, the correlation between EQIN and PDBC has dropped to 0.02 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.
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Return for Risk
EQIN vs. PDBC — Risk / Return Rank
EQIN
PDBC
EQIN vs. PDBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia U.S. Equity Income ETF (EQIN) 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.
| EQIN | PDBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.43 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 6.35 | -3.12 |
| Martin ratioReturn relative to average drawdown | 9.62 | 13.39 | -3.77 |
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
| EQIN | PDBC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 2.46 | -0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.65 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.23 | +0.43 |
Drawdowns
EQIN vs. PDBC - Drawdown Comparison
The maximum EQIN drawdown since its inception was -42.16%, smaller than the maximum PDBC drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for EQIN and PDBC.
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Drawdown Indicators
| EQIN | PDBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.16% | -49.52% | +7.36% |
Max Drawdown (1Y)Largest decline over 1 year | -5.41% | -7.19% | +1.78% |
Max Drawdown (3Y)Largest decline over 3 years | -12.05% | -13.95% | +1.90% |
Max Drawdown (5Y)Largest decline over 5 years | -18.51% | -27.63% | +9.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.73% | — |
Current DrawdownCurrent decline from peak | -0.46% | -4.55% | +4.09% |
Average DrawdownAverage peak-to-trough decline | -4.89% | -23.21% | +18.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 3.41% | -1.60% |
Volatility
EQIN vs. PDBC - Volatility Comparison
The current volatility for Columbia U.S. Equity Income ETF (EQIN) is 2.34%, while Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a volatility of 6.20%. This indicates that EQIN 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
| EQIN | PDBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.34% | 6.20% | -3.86% |
Volatility (6M)Calculated over the trailing 6-month period | 7.64% | 15.78% | -8.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.32% | 18.61% | -8.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.67% | 19.12% | -4.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.64% | 17.78% | +0.86% |
EQIN vs. PDBC - Expense Ratio Comparison
EQIN has a 0.35% expense ratio, which is lower than PDBC's 0.58% expense ratio.
Dividends
EQIN vs. PDBC - Dividend Comparison
EQIN's dividend yield for the trailing twelve months is around 1.91%, less than PDBC's 2.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EQIN Columbia U.S. Equity Income ETF | 1.91% | 2.05% | 4.34% | 2.41% | 2.71% | 2.57% | 2.54% | 2.70% | 7.81% | 11.52% | 2.44% |
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
EQIN and PDBC have a correlation of 0.02, 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 EQIN (2.34%). In terms of maximum drawdown, EQIN dropped -42.16% vs PDBC's -49.52%.
On 5-year performance, PDBC leads with 12.39% vs 9.28% for EQIN. On fees, EQIN is cheaper at 0.35% per year. On volatility, EQIN has been the lower-risk option at 2.34%. 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 9.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EQIN is cheaper with a 0.35% expense ratio, compared with 0.58% for PDBC.
PDBC has the higher dividend yield at 2.82%, compared with 1.91% for EQIN.
EQIN is categorized as Large Cap Value Equities, while PDBC is Commodities. They also come from different issuers: Columbia and Invesco. Their fees differ too: 0.35% for EQIN and 0.58% for PDBC.
PDBC currently has the higher Sharpe Ratio (2.46 vs 1.70), 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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