IVRA vs. PDBC
IVRA (Invesco Real Assets ESG ETF) and PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) are both exchange-traded funds - IVRA is a ESG fund actively managed by Invesco, while PDBC is a Commodities fund actively managed by Invesco. Both are actively managed. Over the past 5 years, IVRA returned 7.62%/yr vs 12.39%/yr for PDBC. At a 0.29 correlation, their price movements are largely independent. IVRA charges 0.59%/yr vs 0.58%/yr for PDBC.
Performance
IVRA vs. PDBC - Performance Comparison
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Returns By Period
In the year-to-date period, IVRA achieves a 11.70% return, which is significantly lower than PDBC's 36.23% return.
IVRA
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 11.70%
- 6M
- 12.41%
- 1Y
- 15.73%
- 3Y*
- 15.46%
- 5Y*
- 7.62%
- 10Y*
- —
PDBC
- 1D
- 0.39%
- 1M
- -3.37%
- YTD
- 36.23%
- 6M
- 36.27%
- 1Y
- 45.46%
- 3Y*
- 14.42%
- 5Y*
- 12.39%
- 10Y*
- 8.79%
IVRA vs. PDBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IVRA Invesco Real Assets ESG ETF | 11.70% | 10.20% | 13.07% | 9.13% | -10.00% | 32.74% | 1.58% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 36.23% | 5.96% | 2.09% | -6.25% | 19.23% | 41.72% | 2.07% |
Correlation
The correlation between IVRA and PDBC is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Dec 23, 2020 | 0.29 |
The correlation between IVRA and PDBC shifts across timeframes, from 0.13 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IVRA vs. PDBC — Risk / Return Rank
IVRA
PDBC
IVRA vs. PDBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Real Assets ESG ETF (IVRA) 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.
| IVRA | PDBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.43 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 6.35 | -2.89 |
| Martin ratioReturn relative to average drawdown | 12.02 | 13.39 | -1.36 |
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
| IVRA | PDBC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 2.46 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.65 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.23 | +0.50 |
Drawdowns
IVRA vs. PDBC - Drawdown Comparison
The maximum IVRA drawdown since its inception was -25.99%, smaller than the maximum PDBC drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for IVRA and PDBC.
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Drawdown Indicators
| IVRA | PDBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.99% | -49.52% | +23.53% |
Max Drawdown (1Y)Largest decline over 1 year | -4.60% | -7.19% | +2.59% |
Max Drawdown (3Y)Largest decline over 3 years | -15.03% | -13.95% | -1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -25.99% | -27.63% | +1.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.73% | — |
Current DrawdownCurrent decline from peak | -0.92% | -4.55% | +3.63% |
Average DrawdownAverage peak-to-trough decline | -7.27% | -23.21% | +15.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 3.41% | -2.09% |
Volatility
IVRA vs. PDBC - Volatility Comparison
The current volatility for Invesco Real Assets ESG ETF (IVRA) is 0.00%, while Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a volatility of 6.20%. This indicates that IVRA 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.
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Volatility by Period
| IVRA | PDBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 6.20% | -6.20% |
Volatility (6M)Calculated over the trailing 6-month period | 5.45% | 15.78% | -10.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.27% | 18.61% | -9.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.58% | 19.12% | -2.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.39% | 17.78% | -1.39% |
IVRA vs. PDBC - Expense Ratio Comparison
IVRA has a 0.59% expense ratio, which is higher than PDBC's 0.58% expense ratio.
Dividends
IVRA vs. PDBC - Dividend Comparison
IVRA's dividend yield for the trailing twelve months is around 16.99%, more than PDBC's 2.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IVRA Invesco Real Assets ESG ETF | 16.99% | 5.68% | 3.71% | 2.47% | 2.30% | 3.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 2.82% | 3.84% | 4.42% | 4.21% | 13.05% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.51% |
Frequently Asked Questions
IVRA and PDBC have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDBC has higher volatility (6.20%) compared to IVRA (0.00%). In terms of maximum drawdown, IVRA dropped -25.99% vs PDBC's -49.52%.
On 5-year performance, PDBC leads with 12.39% vs 7.62% for IVRA. On fees, PDBC is cheaper at 0.58% per year. On volatility, IVRA has been the lower-risk option at 0.00%. 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 12.39% return vs 7.62%. 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 0.59% for IVRA.
IVRA has the higher dividend yield at 16.99%, compared with 2.82% for PDBC.
IVRA is categorized as ESG, while PDBC is Commodities. Their fees differ too: 0.59% for IVRA and 0.58% for PDBC.
PDBC currently has the higher Sharpe Ratio (2.46 vs 1.72), 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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