FTOH vs. PDBC
FTOH (Franklin Ohio Municipal Income ETF) and PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) are both exchange-traded funds - FTOH is a Municipal Bonds fund tracking the Actively Managed, while PDBC is a Commodities fund actively managed by Invesco. FTOH is passively managed, while PDBC is actively managed. At a correlation of -0.21, they often move in opposite directions. FTOH charges 0.35%/yr vs 0.58%/yr for PDBC.
Performance
FTOH vs. PDBC - Performance Comparison
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Returns By Period
In the year-to-date period, FTOH achieves a 2.55% return, which is significantly lower than PDBC's 24.08% return.
FTOH
- 1D
- 0.06%
- 1M
- 0.42%
- 6M
- 2.07%
- YTD
- 2.55%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PDBC
- 1D
- 0.12%
- 1M
- -3.63%
- 6M
- 21.24%
- YTD
- 24.08%
- 1Y
- 27.16%
- 3Y*
- 9.96%
- 5Y*
- 10.22%
- 10Y*
- 7.69%
FTOH vs. PDBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FTOH Franklin Ohio Municipal Income ETF | 2.55% | 0.08% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 24.08% | 0.98% |
Correlation
The correlation between FTOH and PDBC is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 10, 2025 | -0.21 |
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Return for Risk
FTOH vs. PDBC — Risk / Return Rank
FTOH
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PDBC
FTOH vs. PDBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Ohio Municipal Income ETF (FTOH) 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.
| FTOH | PDBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.27 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.75 | — |
| Martin ratioReturn relative to average drawdown | — | 6.25 | — |
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Drawdowns
FTOH vs. PDBC - Drawdown Comparison
The maximum FTOH drawdown since its inception was -2.59%, smaller than the maximum PDBC drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for FTOH and PDBC.
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Drawdown Indicators
| FTOH | PDBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.59% | -49.52% | +46.93% |
Max Drawdown (1Y)Largest decline over 1 year | — | -16.55% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.55% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.73% | — |
Current DrawdownCurrent decline from peak | -0.47% | -13.06% | +12.59% |
Average DrawdownAverage peak-to-trough decline | -0.50% | -23.11% | +22.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.64% | — |
Volatility
FTOH vs. PDBC - Volatility Comparison
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Volatility by Period
| FTOH | PDBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.48% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.59% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.49% | 18.72% | -15.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.49% | 19.19% | -15.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.49% | 17.75% | -14.26% |
FTOH vs. PDBC - Expense Ratio Comparison
FTOH has a 0.35% expense ratio, which is lower than PDBC's 0.58% expense ratio.
Dividends
FTOH vs. PDBC - Dividend Comparison
FTOH's dividend yield for the trailing twelve months is around 2.54%, less than PDBC's 3.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FTOH Franklin Ohio Municipal Income ETF | 2.54% | 0.56% | 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 | 3.09% | 3.84% | 4.42% | 4.21% | 13.05% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.51% |
Frequently Asked Questions
FTOH and PDBC have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FTOH is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FTOH is cheaper with a 0.35% expense ratio, compared with 0.58% for PDBC.
PDBC has the higher dividend yield at 3.09%, compared with 2.54% for FTOH.
FTOH is categorized as Municipal Bonds, while PDBC is Commodities. They also come from different issuers: Franklin Templeton and Invesco. Their fees differ too: 0.35% for FTOH and 0.58% for PDBC.
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