IX vs. PDBC
IX (ORIX Corporation) 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, IX returned 13.18%/yr vs 8.21%/yr for PDBC. At a 0.17 correlation, their price movements are largely independent.
Performance
IX vs. PDBC - Performance Comparison
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Returns By Period
In the year-to-date period, IX achieves a 36.31% return, which is significantly higher than PDBC's 28.00% return. Over the past 10 years, IX has outperformed PDBC with an annualized return of 13.18%, while PDBC has yielded a comparatively lower 8.21% annualized return.
IX
- 1D
- -1.87%
- 1M
- 1.17%
- 6M
- 30.50%
- YTD
- 36.31%
- 1Y
- 82.90%
- 3Y*
- 33.18%
- 5Y*
- 21.49%
- 10Y*
- 13.18%
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%
IX vs. PDBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IX ORIX Corporation | 36.31% | 43.44% | 17.66% | 19.98% | -19.17% | 31.62% | -4.86% | 16.58% | -15.61% | 10.64% |
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 IX and PDBC is -0.12, 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 | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2014 | 0.18 |
The correlation between IX and PDBC shifts across timeframes, from -0.12 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IX vs. PDBC — Risk / Return Rank
IX
PDBC
IX vs. PDBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ORIX Corporation (IX) 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.
| IX | PDBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.38 | ||
| Sortino ratioReturn per unit of downside risk | +1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.29 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 1.96 | +2.14 |
| Martin ratioReturn relative to average drawdown | 11.71 | 6.73 | +4.98 |
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Drawdowns
IX vs. PDBC - Drawdown Comparison
The maximum IX drawdown since its inception was -93.82%, which is greater than PDBC's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for IX and PDBC.
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Drawdown Indicators
| IX | PDBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.82% | -49.52% | -44.30% |
Max Drawdown (1Y)Largest decline over 1 year | -20.33% | -16.55% | -3.78% |
Max Drawdown (3Y)Largest decline over 3 years | -24.34% | -16.55% | -7.79% |
Max Drawdown (5Y)Largest decline over 5 years | -37.67% | -27.63% | -10.04% |
Max Drawdown (10Y)Largest decline over 10 years | -47.23% | -40.73% | -6.50% |
Current DrawdownCurrent decline from peak | -1.87% | -10.31% | +8.44% |
Average DrawdownAverage peak-to-trough decline | -44.80% | -23.09% | -21.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.10% | 4.80% | +2.30% |
Volatility
IX vs. PDBC - Volatility Comparison
ORIX Corporation (IX) has a higher volatility of 7.05% compared to Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) at 6.25%. This indicates that IX'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
| IX | PDBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.05% | 6.25% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 22.97% | 16.80% | +6.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.94% | 18.91% | +8.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.02% | 19.24% | +5.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.52% | 17.76% | +7.76% |
Dividends
IX vs. PDBC - Dividend Comparison
IX's dividend yield for the trailing twelve months is around 1.50%, less than PDBC's 3.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IX ORIX Corporation | 1.50% | 3.43% | 3.63% | 3.22% | 1.94% | 0.00% | 2.17% | 0.00% | 0.00% | 1.41% | 2.40% |
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
IX and PDBC have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IX has higher volatility (7.05%) compared to PDBC (6.25%). In terms of maximum drawdown, IX dropped -93.82% vs PDBC's -49.52%.
IX currently has the higher Sharpe Ratio (3.09 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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