ITB vs. PDBC
ITB (iShares U.S. Home Construction ETF) and PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) are both exchange-traded funds - ITB is a Building & Construction fund tracking the Dow Jones U.S. Select Home Construction Index, while PDBC is a Commodities fund actively managed by Invesco. ITB is passively managed, while PDBC is actively managed. Over the past 10 years, ITB returned 13.57%/yr vs 7.69%/yr for PDBC. At a 0.12 correlation, their price movements are largely independent. ITB charges 0.38%/yr vs 0.58%/yr for PDBC.
Performance
ITB vs. PDBC - Performance Comparison
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Returns By Period
In the year-to-date period, ITB achieves a 1.88% return, which is significantly lower than PDBC's 24.08% return. Over the past 10 years, ITB has outperformed PDBC with an annualized return of 13.57%, while PDBC has yielded a comparatively lower 7.69% annualized return.
ITB
- 1D
- 0.90%
- 1M
- 1.00%
- 6M
- -8.30%
- YTD
- 1.88%
- 1Y
- -0.37%
- 3Y*
- 5.78%
- 5Y*
- 8.26%
- 10Y*
- 13.57%
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%
ITB vs. PDBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ITB iShares U.S. Home Construction ETF | 1.88% | -5.26% | 2.06% | 68.91% | -26.26% | 49.25% | 26.42% | 48.70% | -30.92% | 59.65% |
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 ITB 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 | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2014 | 0.12 |
The correlation between ITB and PDBC shifts across timeframes, from -0.25 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ITB vs. PDBC — Risk / Return Rank
ITB
PDBC
ITB vs. PDBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Home Construction ETF (ITB) 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.
| ITB | PDBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.27 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 1.75 | -1.82 |
| Martin ratioReturn relative to average drawdown | -0.13 | 6.25 | -6.38 |
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Drawdowns
ITB vs. PDBC - Drawdown Comparison
The maximum ITB drawdown since its inception was -86.53%, which is greater than PDBC's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for ITB and PDBC.
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Drawdown Indicators
| ITB | PDBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.53% | -49.52% | -37.01% |
Max Drawdown (1Y)Largest decline over 1 year | -26.04% | -16.55% | -9.49% |
Max Drawdown (3Y)Largest decline over 3 years | -33.35% | -16.55% | -16.80% |
Max Drawdown (5Y)Largest decline over 5 years | -40.55% | -27.63% | -12.92% |
Max Drawdown (10Y)Largest decline over 10 years | -52.10% | -40.73% | -11.37% |
Current DrawdownCurrent decline from peak | -22.77% | -13.06% | -9.71% |
Average DrawdownAverage peak-to-trough decline | -37.02% | -23.11% | -13.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.97% | 4.64% | +9.33% |
Volatility
ITB vs. PDBC - Volatility Comparison
iShares U.S. Home Construction ETF (ITB) has a higher volatility of 11.13% compared to Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) at 5.48%. This indicates that ITB'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
| ITB | PDBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.13% | 5.48% | +5.65% |
Volatility (6M)Calculated over the trailing 6-month period | 22.59% | 16.59% | +6.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.21% | 18.72% | +11.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.51% | 19.19% | +10.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.13% | 17.75% | +12.38% |
ITB vs. PDBC - Expense Ratio Comparison
ITB has a 0.38% expense ratio, which is lower than PDBC's 0.58% expense ratio.
Dividends
ITB vs. PDBC - Dividend Comparison
ITB's dividend yield for the trailing twelve months is around 0.66%, less than PDBC's 3.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITB iShares U.S. Home Construction ETF | 0.66% | 1.67% | 0.46% | 0.48% | 0.86% | 0.37% | 0.46% | 0.50% | 0.63% | 0.28% | 0.43% | 0.34% |
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% | 0.00% |
Frequently Asked Questions
ITB 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.
ITB has higher volatility (11.13%) compared to PDBC (5.48%). In terms of maximum drawdown, ITB dropped -86.53% vs PDBC's -49.52%.
On 10-year performance, ITB leads with 13.57% vs 7.69% for PDBC. On fees, ITB is cheaper at 0.38% 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 10-year period, ITB has performed better with a 13.57% return vs 7.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ITB is cheaper with a 0.38% expense ratio, compared with 0.58% for PDBC.
PDBC has the higher dividend yield at 3.09%, compared with 0.66% for ITB.
ITB is categorized as Building & Construction, while PDBC is Commodities. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.38% for ITB and 0.58% for PDBC.
PDBC currently has the higher Sharpe Ratio (1.55 vs -0.06), 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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