HD vs. PDBC
HD (The Home Depot, 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, HD returned 11.82%/yr vs 8.55%/yr for PDBC. At a 0.11 correlation, their price movements are largely independent.
Performance
HD vs. PDBC - Performance Comparison
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Returns By Period
In the year-to-date period, HD achieves a -8.64% return, which is significantly lower than PDBC's 34.72% return. Over the past 10 years, HD has outperformed PDBC with an annualized return of 11.82%, while PDBC has yielded a comparatively lower 8.55% annualized return.
HD
- 1D
- -0.22%
- 1M
- -1.00%
- YTD
- -8.64%
- 6M
- -10.48%
- 1Y
- -14.03%
- 3Y*
- 4.50%
- 5Y*
- 2.45%
- 10Y*
- 11.82%
PDBC
- 1D
- -1.11%
- 1M
- -3.98%
- YTD
- 34.72%
- 6M
- 34.37%
- 1Y
- 44.52%
- 3Y*
- 14.06%
- 5Y*
- 12.14%
- 10Y*
- 8.55%
HD vs. PDBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HD The Home Depot, Inc. | -8.64% | -9.33% | 15.00% | 12.77% | -21.98% | 59.51% | 24.50% | 30.56% | -7.30% | 44.61% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 34.72% | 5.96% | 2.09% | -6.25% | 19.23% | 41.72% | -7.84% | 11.44% | -12.78% | 5.06% |
Correlation
The correlation between HD and PDBC is -0.25, 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 | -0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2014 | 0.11 |
The correlation between HD and PDBC shifts across timeframes, from -0.25 (1 year) to 0.11 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
HD vs. PDBC — Risk / Return Rank
HD
PDBC
HD vs. PDBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Home Depot, Inc. (HD) 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.
| HD | PDBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.00 | ||
| Sortino ratioReturn per unit of downside risk | -3.84 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.42 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 6.22 | -6.71 |
| Martin ratioReturn relative to average drawdown | -1.01 | 13.04 | -14.05 |
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
| HD | PDBC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.60 | 2.40 | -3.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.64 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.48 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.23 | +0.45 |
Drawdowns
HD vs. PDBC - Drawdown Comparison
The maximum HD drawdown since its inception was -70.46%, which is greater than PDBC's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for HD and PDBC.
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Drawdown Indicators
| HD | PDBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.46% | -49.52% | -20.94% |
Max Drawdown (1Y)Largest decline over 1 year | -28.81% | -7.19% | -21.62% |
Max Drawdown (3Y)Largest decline over 3 years | -28.84% | -13.95% | -14.89% |
Max Drawdown (5Y)Largest decline over 5 years | -34.73% | -27.63% | -7.10% |
Max Drawdown (10Y)Largest decline over 10 years | -37.99% | -40.73% | +2.74% |
Current DrawdownCurrent decline from peak | -25.31% | -5.61% | -19.70% |
Average DrawdownAverage peak-to-trough decline | -20.60% | -23.20% | +2.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.91% | 3.42% | +10.49% |
Volatility
HD vs. PDBC - Volatility Comparison
The Home Depot, Inc. (HD) has a higher volatility of 7.04% compared to Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) at 6.27%. This indicates that HD'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
| HD | PDBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.04% | 6.27% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 17.68% | 15.82% | +1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.41% | 18.64% | +4.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.05% | 19.12% | +4.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.81% | 17.78% | +7.03% |
Dividends
HD vs. PDBC - Dividend Comparison
HD's dividend yield for the trailing twelve months is around 3.73%, more than PDBC's 2.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HD The Home Depot, Inc. | 3.73% | 2.67% | 2.31% | 2.41% | 2.41% | 1.59% | 2.26% | 2.49% | 2.40% | 1.88% | 2.06% | 1.78% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 2.85% | 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
HD and PDBC have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HD has higher volatility (7.04%) compared to PDBC (6.27%). In terms of maximum drawdown, HD dropped -70.46% vs PDBC's -49.52%.
PDBC currently has the higher Sharpe Ratio (2.40 vs -0.60), 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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