KEEL vs. PDBC

Last updated Jul 14, 2026

KEEL (Keel Infrastructure 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 5 years, KEEL returned 4.55%/yr vs 10.81%/yr for PDBC. At a 0.10 correlation, their price movements are largely independent.

Performance

KEEL vs. PDBC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Keel Infrastructure Corporation (KEEL) 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, KEEL achieves a 85.53% return, which is significantly higher than PDBC's 27.55% return.

KEEL

• 1D: -6.24%
• 1M: -22.00%
• 6M: 43.89%
• YTD: 85.53%
• 1Y: 307.48%
• 3Y*: 30.32%
• 5Y*: 4.55%
• 10Y*: —

PDBC

• 1D: 2.80%
• 1M: -0.94%
• 6M: 22.82%
• YTD: 27.55%
• 1Y: 30.72%
• 3Y*: 10.42%
• 5Y*: 10.81%
• 10Y*: 8.14%

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

KEEL vs. PDBC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
KEEL Keel Infrastructure Corporation	85.53%	57.72%	-48.80%	561.36%	-91.29%	165.79%	397.66%	-27.96%	-64.19%
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	27.55%	5.96%	2.09%	-6.25%	19.23%	41.72%	-7.84%	11.44%	-15.58%

Correlation

The correlation between KEEL and PDBC is 0.01, 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	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (All Time) Calculated using the full available price history since Aug 28, 2018	0.10

The correlation between KEEL and PDBC shifts across timeframes, from 0.01 (1 year) to 0.11 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

KEEL vs. PDBC — Risk / Return Rank

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

KEEL

KEEL Risk / Return Rank: 91
KEEL Sharpe Ratio Rank: 96
KEEL Sortino Ratio Rank: 93
KEEL Omega Ratio Rank: 90
KEEL Calmar Ratio Rank: 92
KEEL Martin Ratio Rank: 85

PDBC

PDBC Risk / Return Rank: 55
PDBC Sharpe Ratio Rank: 62
PDBC Sortino Ratio Rank: 60
PDBC Omega Ratio Rank: 58
PDBC Calmar Ratio Rank: 47
PDBC Martin Ratio Rank: 49

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.

KEEL vs. PDBC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Keel Infrastructure Corporation (KEEL) 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.

	KEEL	PDBC	Difference
Sharpe ratio: Return per unit of total volatility	2.81	1.64	+1.17
Sortino ratio: Return per unit of downside risk	3.12	2.24	+0.88
Omega ratio: Gain probability vs. loss probability	1.37	1.28	+0.08
Calmar ratio: Return relative to maximum drawdown	4.21	1.86	+2.34
Martin ratio: Return relative to average drawdown	6.95	6.57	+0.38

KEEL vs. PDBC - Sharpe Ratio Comparison

The current KEEL Sharpe Ratio is 2.81, which is higher than the PDBC Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of KEEL 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

KEEL vs. PDBC - Drawdown Comparison

The maximum KEEL drawdown since its inception was -95.72%, which is greater than PDBC's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for KEEL and PDBC.

Drawdown Indicators

	KEEL	PDBC	Difference
Max Drawdown Largest peak-to-trough decline	-95.72%	-49.52%	-46.20%
Max Drawdown (1Y) Largest decline over 1 year	-73.65%	-16.55%	-57.10%
Max Drawdown (3Y) Largest decline over 3 years	-81.04%	-16.55%	-64.49%
Max Drawdown (5Y) Largest decline over 5 years	-95.72%	-27.63%	-68.09%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.73%	—
Current Drawdown Current decline from peak	-50.85%	-10.63%	-40.22%
Average Drawdown Average peak-to-trough decline	-67.21%	-23.11%	-44.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	44.45%	4.69%	+39.76%

Volatility

KEEL vs. PDBC - Volatility Comparison

Keel Infrastructure Corporation (KEEL) has a higher volatility of 27.04% compared to Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) at 6.25%. This indicates that KEEL'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.

Volatility by Period

	KEEL	PDBC	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.04%	6.25%	+20.79%
Volatility (6M) Calculated over the trailing 6-month period	71.14%	16.77%	+54.37%
Volatility (1Y) Calculated over the trailing 1-year period	110.50%	18.90%	+91.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	105.18%	19.24%	+85.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	289.75%	17.76%	+271.99%

Dividends

KEEL vs. PDBC - Dividend Comparison

KEEL has not paid dividends to shareholders, while PDBC's dividend yield for the trailing twelve months is around 3.01%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
KEEL Keel Infrastructure Corporation	0.00%	0.00%	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	3.01%	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 KEEL and PDBC in my portfolio?

KEEL and PDBC have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KEEL or PDBC?

KEEL has higher volatility (27.04%) compared to PDBC (6.25%). In terms of maximum drawdown, KEEL dropped -95.72% vs PDBC's -49.52%.

Which has better risk-adjusted returns?

KEEL currently has the higher Sharpe Ratio (2.81 vs 1.64), 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.