FTXH vs. PDBC
FTXH (First Trust Nasdaq Pharmaceuticals ETF) and PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) are both exchange-traded funds - FTXH is a Health & Biotech Equities fund tracking the Nasdaq U.S. Smart Pharmaceuticals Index, while PDBC is a Commodities fund actively managed by Invesco. FTXH is passively managed, while PDBC is actively managed. Over the past 5 years, FTXH returned 9.52%/yr vs 10.22%/yr for PDBC. At a 0.11 correlation, their price movements are largely independent. FTXH charges 0.60%/yr vs 0.58%/yr for PDBC.
Performance
FTXH vs. PDBC - Performance Comparison
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Returns By Period
In the year-to-date period, FTXH achieves a 16.84% return, which is significantly lower than PDBC's 24.08% return.
FTXH
- 1D
- -1.39%
- 1M
- 6.68%
- 6M
- 14.96%
- YTD
- 16.84%
- 1Y
- 46.81%
- 3Y*
- 15.78%
- 5Y*
- 9.52%
- 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%
FTXH vs. PDBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTXH First Trust Nasdaq Pharmaceuticals ETF | 16.84% | 24.15% | 2.98% | -1.41% | 2.55% | 6.14% | 11.73% | 22.13% | -9.51% | 19.44% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 24.08% | 5.96% | 2.09% | -6.25% | 19.23% | 41.72% | -7.84% | 11.44% | -12.78% | 5.06% |
Correlation
The correlation between FTXH and PDBC is -0.22, 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 (1Y) Calculated over the trailing 1-year period | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2016 | 0.11 |
The correlation between FTXH and PDBC shifts across timeframes, from -0.22 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FTXH vs. PDBC — Risk / Return Rank
FTXH
PDBC
FTXH vs. PDBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Pharmaceuticals ETF (FTXH) 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.
| FTXH | PDBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.66 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.27 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 6.04 | 1.75 | +4.28 |
| Martin ratioReturn relative to average drawdown | 17.83 | 6.25 | +11.59 |
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Drawdowns
FTXH vs. PDBC - Drawdown Comparison
The maximum FTXH drawdown since its inception was -32.11%, smaller than the maximum PDBC drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for FTXH and PDBC.
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Drawdown Indicators
| FTXH | PDBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.11% | -49.52% | +17.41% |
Max Drawdown (1Y)Largest decline over 1 year | -7.47% | -16.55% | +9.08% |
Max Drawdown (3Y)Largest decline over 3 years | -19.51% | -16.55% | -2.96% |
Max Drawdown (5Y)Largest decline over 5 years | -19.51% | -27.63% | +8.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.73% | — |
Current DrawdownCurrent decline from peak | -2.86% | -13.06% | +10.20% |
Average DrawdownAverage peak-to-trough decline | -5.78% | -23.11% | +17.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 4.64% | -2.10% |
Volatility
FTXH vs. PDBC - Volatility Comparison
First Trust Nasdaq Pharmaceuticals ETF (FTXH) has a higher volatility of 5.86% compared to Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) at 5.48%. This indicates that FTXH's price experiences larger fluctuations and is considered to be riskier 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
| FTXH | PDBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.86% | 5.48% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 12.56% | 16.59% | -4.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.65% | 18.72% | -1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.49% | 19.19% | -2.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.44% | 17.75% | +0.69% |
FTXH vs. PDBC - Expense Ratio Comparison
FTXH has a 0.60% expense ratio, which is higher than PDBC's 0.58% expense ratio.
Dividends
FTXH vs. PDBC - Dividend Comparison
FTXH's dividend yield for the trailing twelve months is around 1.11%, less than PDBC's 3.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FTXH First Trust Nasdaq Pharmaceuticals ETF | 1.11% | 1.41% | 1.66% | 1.55% | 1.11% | 1.03% | 0.82% | 0.67% | 0.91% | 2.18% | 0.19% |
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
FTXH and PDBC have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTXH has higher volatility (5.86%) compared to PDBC (5.48%). In terms of maximum drawdown, FTXH dropped -32.11% vs PDBC's -49.52%.
On 5-year performance, PDBC leads with 10.22% vs 9.52% for FTXH. On fees, PDBC is cheaper at 0.58% per year. On volatility, PDBC has been the lower-risk option at 5.48%. 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 10.22% return vs 9.52%. 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 0.60% for FTXH.
PDBC has the higher dividend yield at 3.09%, compared with 1.11% for FTXH.
FTXH is categorized as Health & Biotech Equities, while PDBC is Commodities. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.60% for FTXH and 0.58% for PDBC.
FTXH currently has the higher Sharpe Ratio (2.56 vs 1.55), 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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