GS vs. PDBC
GS (The Goldman Sachs Group, Inc.) is a stock, while PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) is Commodities fund actively managed by Invesco. Over the past 10 years, GS returned 23.48%/yr vs 8.21%/yr for PDBC. At a 0.21 correlation, their price movements are largely independent.
Performance
GS vs. PDBC - Performance Comparison
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Returns By Period
In the year-to-date period, GS achieves a 25.83% return, which is significantly lower than PDBC's 28.00% return. Over the past 10 years, GS has outperformed PDBC with an annualized return of 23.48%, while PDBC has yielded a comparatively lower 8.21% annualized return.
GS
- 1D
- -4.91%
- 1M
- 0.44%
- 6M
- 13.34%
- YTD
- 25.83%
- 1Y
- 57.66%
- 3Y*
- 53.14%
- 5Y*
- 27.65%
- 10Y*
- 23.48%
PDBC
- 1D
- -1.22%
- 1M
- 1.74%
- 6M
- 23.17%
- YTD
- 28.00%
- 1Y
- 32.27%
- 3Y*
- 10.94%
- 5Y*
- 11.05%
- 10Y*
- 8.21%
GS vs. PDBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GS The Goldman Sachs Group, Inc. | 25.83% | 56.64% | 52.03% | 15.91% | -7.87% | 47.61% | 17.45% | 40.48% | -33.53% | 7.73% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 28.00% | 5.96% | 2.09% | -6.25% | 19.23% | 41.72% | -7.84% | 11.44% | -12.78% | 5.06% |
Correlation
The correlation between GS and PDBC is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2014 | 0.21 |
The correlation between GS and PDBC shifts across timeframes, from -0.10 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GS vs. PDBC — Risk / Return Rank
GS
PDBC
GS vs. PDBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Goldman Sachs Group, Inc. (GS) 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.
| GS | PDBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.29 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 1.96 | +1.03 |
| Martin ratioReturn relative to average drawdown | 9.65 | 6.73 | +2.91 |
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Drawdowns
GS vs. PDBC - Drawdown Comparison
The maximum GS drawdown since its inception was -78.84%, which is greater than PDBC's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for GS and PDBC.
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Drawdown Indicators
| GS | PDBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.84% | -49.52% | -29.32% |
Max Drawdown (1Y)Largest decline over 1 year | -19.42% | -16.55% | -2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -30.90% | -16.55% | -14.35% |
Max Drawdown (5Y)Largest decline over 5 years | -32.84% | -27.63% | -5.21% |
Max Drawdown (10Y)Largest decline over 10 years | -48.75% | -40.73% | -8.02% |
Current DrawdownCurrent decline from peak | -4.91% | -10.31% | +5.40% |
Average DrawdownAverage peak-to-trough decline | -22.59% | -23.09% | +0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.99% | 4.80% | +1.19% |
Volatility
GS vs. PDBC - Volatility Comparison
The Goldman Sachs Group, Inc. (GS) has a higher volatility of 12.57% compared to Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) at 6.25%. This indicates that GS'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
| GS | PDBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.57% | 6.25% | +6.32% |
Volatility (6M)Calculated over the trailing 6-month period | 25.40% | 16.80% | +8.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.43% | 18.91% | +11.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.42% | 19.24% | +9.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.95% | 17.76% | +12.19% |
Dividends
GS vs. PDBC - Dividend Comparison
GS's dividend yield for the trailing twelve months is around 1.55%, less than PDBC's 3.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GS The Goldman Sachs Group, Inc. | 1.55% | 1.59% | 2.01% | 2.72% | 2.62% | 1.70% | 1.90% | 1.80% | 1.89% | 1.14% | 1.09% | 1.41% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 3.00% | 3.84% | 4.42% | 4.21% | 13.05% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.51% | 0.00% |
Frequently Asked Questions
GS and PDBC have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GS has higher volatility (12.57%) compared to PDBC (6.25%). In terms of maximum drawdown, GS dropped -78.84% vs PDBC's -49.52%.
GS currently has the higher Sharpe Ratio (1.90 vs 1.71), 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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