IFLO vs. PDBC

Last updated Jul 17, 2026

IFLO (VictoryShares International Free Cash Flow ETF) and PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) are both exchange-traded funds - IFLO is a Foreign Large Cap Equities fund managed by VictoryShares, while PDBC is a Commodities fund actively managed by Invesco. Over the past year, IFLO returned 33.19% vs 32.27% for PDBC. At a 0.03 correlation, their price movements are largely independent. IFLO charges 0.56%/yr vs 0.58%/yr for PDBC.

Performance

IFLO vs. PDBC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares International Free Cash Flow ETF (IFLO) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IFLO achieves a 18.60% return, which is significantly lower than PDBC's 28.00% return.

IFLO

• 1D: -0.26%
• 1M: -1.46%
• 6M: 15.69%
• YTD: 18.60%
• 1Y: 33.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IFLO vs. PDBC - Yearly Performance Comparison

	2026 (YTD)	2025
IFLO VictoryShares International Free Cash Flow ETF	18.60%	13.12%
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	28.00%	5.47%

Correlation

The correlation between IFLO and PDBC is 0.03, 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	0.03
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.03

Return for Risk

IFLO vs. PDBC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IFLO

IFLO Risk / Return Rank: 90
IFLO Sharpe Ratio Rank: 88
IFLO Sortino Ratio Rank: 89
IFLO Omega Ratio Rank: 86
IFLO Calmar Ratio Rank: 93
IFLO Martin Ratio Rank: 92

PDBC

PDBC Risk / Return Rank: 57
PDBC Sharpe Ratio Rank: 65
PDBC Sortino Ratio Rank: 62
PDBC Omega Ratio Rank: 59
PDBC Calmar Ratio Rank: 47
PDBC Martin Ratio Rank: 50

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IFLO vs. PDBC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares International Free Cash Flow ETF (IFLO) 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.

	IFLO	PDBC	Difference
Sharpe ratio: Return per unit of total volatility	2.29	1.71	+0.58
Sortino ratio: Return per unit of downside risk	3.33	2.33	+1.00
Omega ratio: Gain probability vs. loss probability	1.41	1.29	+0.12
Calmar ratio: Return relative to maximum drawdown	5.18	1.96	+3.22
Martin ratio: Return relative to average drawdown	17.40	6.73	+10.67

IFLO vs. PDBC - Sharpe Ratio Comparison

The current IFLO Sharpe Ratio is 2.29, which is higher than the PDBC Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of IFLO and PDBC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IFLO vs. PDBC - Drawdown Comparison

The maximum IFLO drawdown since its inception was -6.44%, smaller than the maximum PDBC drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for IFLO and PDBC.

Drawdown Indicators

	IFLO	PDBC	Difference
Max Drawdown Largest peak-to-trough decline	-6.44%	-49.52%	+43.08%
Max Drawdown (1Y) Largest decline over 1 year	-6.44%	-16.55%	+10.11%
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 Drawdown Current decline from peak	-1.99%	-10.31%	+8.32%
Average Drawdown Average peak-to-trough decline	-1.29%	-23.09%	+21.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	4.80%	-2.89%

Volatility

IFLO vs. PDBC - Volatility Comparison

The current volatility for VictoryShares International Free Cash Flow ETF (IFLO) is 3.21%, while Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a volatility of 6.25%. This indicates that IFLO 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.

Volatility by Period

	IFLO	PDBC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.21%	6.25%	-3.04%
Volatility (6M) Calculated over the trailing 6-month period	12.02%	16.80%	-4.78%
Volatility (1Y) Calculated over the trailing 1-year period	14.56%	18.91%	-4.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.53%	19.24%	-4.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.53%	17.76%	-3.23%

IFLO vs. PDBC - Expense Ratio Comparison

IFLO has a 0.56% expense ratio, which is lower than PDBC's 0.58% expense ratio.

Dividends

IFLO vs. PDBC - Dividend Comparison

IFLO's dividend yield for the trailing twelve months is around 1.57%, less than PDBC's 3.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IFLO VictoryShares International Free Cash Flow ETF	1.57%	0.73%	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	3.00%	3.84%	4.42%	4.21%	13.05%	50.83%	0.01%	1.40%	1.00%	3.83%	6.51%

Frequently Asked Questions

Can I hold both IFLO and PDBC in my portfolio?

IFLO and PDBC have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IFLO or PDBC?

PDBC has higher volatility (6.25%) compared to IFLO (3.21%). In terms of maximum drawdown, IFLO dropped -6.44% vs PDBC's -49.52%.

Which ETF is better, IFLO or PDBC?

On 1-year performance, IFLO leads with 33.19% vs 32.27% for PDBC. On fees, IFLO is cheaper at 0.56% per year. On volatility, IFLO has been the lower-risk option at 3.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IFLO or PDBC?

Over the 1-year period, IFLO has performed better with a 33.19% return vs 32.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IFLO or PDBC?

IFLO is cheaper with a 0.56% expense ratio, compared with 0.58% for PDBC.

Which ETF pays a higher dividend yield, IFLO or PDBC?

PDBC has the higher dividend yield at 3.00%, compared with 1.57% for IFLO.

What is the main difference between IFLO and PDBC?

IFLO is categorized as Foreign Large Cap Equities, while PDBC is Commodities. They also come from different issuers: VictoryShares and Invesco. Their fees differ too: 0.56% for IFLO and 0.58% for PDBC.

Which has better risk-adjusted returns?

IFLO currently has the higher Sharpe Ratio (2.29 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.