KKR vs. PDBC
KKR (KKR & Co. Inc.) 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, KKR returned 24.13%/yr vs 8.56%/yr for PDBC. Their 0.19 correlation means their historical movements had little consistent relationship.
Performance
KKR vs. PDBC - Performance Comparison
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Returns By Period
In the year-to-date period, KKR achieves a -14.54% return, which is significantly lower than PDBC's 27.55% return. Over the past 10 years, KKR has outperformed PDBC with an annualized return of 24.13%, while PDBC has yielded a comparatively lower 8.56% annualized return.
KKR
- 1D
- 1.55%
- 1M
- 15.31%
- 6M
- 5.49%
- YTD
- -14.54%
- 1Y
- -24.72%
- 3Y*
- 22.57%
- 5Y*
- 10.98%
- 10Y*
- 24.13%
- ALL TIME*
- 19.76%
PDBC
- 1D
- -2.03%
- 1M
- 6.49%
- 6M
- 17.93%
- YTD
- 27.55%
- 1Y
- 33.81%
- 3Y*
- 9.24%
- 5Y*
- 10.79%
- 10Y*
- 8.56%
- ALL TIME*
- 3.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $433.10M | $391.70M | $438.28M | |
| $116.56M | $150.03M | $123.54M |
KKR vs. PDBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KKR KKR & Co. Inc. | -14.54% | -13.32% | 79.65% | 80.48% | -36.98% | 85.76% | 41.13% | 51.57% | -4.28% | 41.78% |
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% | -12.78% | 5.06% |
Correlation
The correlation between KKR and PDBC is -0.10, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.10 |
Correlation (3Y) Balances recent behavior with more history. | 0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.12 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.18 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2014 | 0.19 |
The correlation between KKR and PDBC shifts across timeframes, from -0.10 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
KKR vs. PDBC — Risk / Return Rank
KKR
PDBC
KKR vs. PDBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KKR & Co. Inc. (KKR) 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.
| KKR | PDBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.38 | ||
| Sortino ratioReturn per unit of downside risk | -3.07 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.29 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | 2.05 | -2.62 |
| Martin ratioReturn relative to average drawdown | -0.92 | 6.77 | -7.69 |
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Drawdowns
KKR vs. PDBC - Drawdown Comparison
The maximum KKR drawdown since its inception was -53.10%, which is greater than PDBC's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for KKR and PDBC.
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Drawdown Indicators
| KKR | PDBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.10% | -49.52% | -3.58% |
Max Drawdown (1Y)Largest decline over 1 year | -43.64% | -16.55% | -27.09% |
Max Drawdown (3Y)Largest decline over 3 years | -49.42% | -16.55% | -32.87% |
Max Drawdown (5Y)Largest decline over 5 years | -49.42% | -27.63% | -21.79% |
Max Drawdown (10Y)Largest decline over 10 years | -49.42% | -40.73% | -8.69% |
Current DrawdownCurrent decline from peak | -34.42% | -10.63% | -23.79% |
Average DrawdownAverage peak-to-trough decline | -16.43% | -23.02% | +6.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.86% | 5.01% | +21.85% |
Volatility
KKR vs. PDBC - Volatility Comparison
KKR & Co. Inc. (KKR) has a higher volatility of 10.59% compared to Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) at 7.66%. This indicates that KKR'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
| KKR | PDBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.59% | 7.66% | +2.93% |
Volatility (6M)Calculated over the trailing 6-month period | 29.91% | 16.82% | +13.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.74% | 19.73% | +18.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.49% | 19.29% | +20.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.63% | 17.85% | +18.78% |
Dividends
KKR vs. PDBC - Dividend Comparison
KKR's dividend yield for the trailing twelve months is around 0.96%, less than PDBC's 3.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KKR KKR & Co. Inc. | 0.96% | 0.57% | 0.47% | 0.78% | 1.31% | 0.77% | 1.31% | 1.71% | 3.23% | 3.18% | 4.16% | 10.13% |
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% | 0.00% |
Frequently Asked Questions
KKR and PDBC have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KKR has higher volatility (10.59%) compared to PDBC (7.66%). In terms of maximum drawdown, KKR dropped -53.10% vs PDBC's -49.52%.
PDBC currently has the higher Sharpe Ratio (1.72 vs -0.66), 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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