NBCM vs. PDBC
Compare and contrast key facts about Neuberger Berman Commodity Strategy ETF (NBCM) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC).
NBCM and PDBC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NBCM is an actively managed fund by Neuberger Berman. It was launched on Aug 27, 2012. PDBC is an actively managed fund by Invesco. It was launched on Nov 7, 2014.
Performance
NBCM vs. PDBC - Performance Comparison
Loading graphics...
NBCM vs. PDBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NBCM Neuberger Berman Commodity Strategy ETF | 23.89% | 17.45% | 6.55% | -6.41% | 5.23% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 30.72% | 5.96% | 2.09% | -6.25% | -0.74% |
Returns By Period
In the year-to-date period, NBCM achieves a 23.89% return, which is significantly lower than PDBC's 30.72% return.
NBCM
- 1D
- -0.29%
- 1M
- 11.18%
- YTD
- 23.89%
- 6M
- 29.39%
- 1Y
- 34.41%
- 3Y*
- 14.43%
- 5Y*
- —
- 10Y*
- —
PDBC
- 1D
- -1.03%
- 1M
- 16.09%
- YTD
- 30.72%
- 6M
- 33.97%
- 1Y
- 32.00%
- 3Y*
- 11.28%
- 5Y*
- 14.29%
- 10Y*
- 9.86%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
NBCM vs. PDBC - Expense Ratio Comparison
NBCM has a 0.66% expense ratio, which is higher than PDBC's 0.58% expense ratio.
Return for Risk
NBCM vs. PDBC — Risk / Return Rank
NBCM
PDBC
NBCM vs. PDBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Commodity Strategy ETF (NBCM) 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.
| NBCM | PDBC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.86 | 1.72 | +0.14 |
Sortino ratioReturn per unit of downside risk | 2.38 | 2.31 | +0.07 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.31 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 3.30 | 3.04 | +0.25 |
Martin ratioReturn relative to average drawdown | 10.71 | 7.48 | +3.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| NBCM | PDBC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.86 | 1.72 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.76 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | 0.22 | +0.67 |
Correlation
The correlation between NBCM and PDBC is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
NBCM vs. PDBC - Dividend Comparison
NBCM's dividend yield for the trailing twelve months is around 6.83%, more than PDBC's 2.94% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
NBCM Neuberger Berman Commodity Strategy ETF | 6.83% | 8.46% | 5.22% | 4.37% | 0.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 2.94% | 3.84% | 4.42% | 4.21% | 13.05% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.51% |
Drawdowns
NBCM vs. PDBC - Drawdown Comparison
The maximum NBCM drawdown since its inception was -12.84%, smaller than the maximum PDBC drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for NBCM and PDBC.
Loading graphics...
Drawdown Indicators
| NBCM | PDBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.84% | -49.52% | +36.68% |
Max Drawdown (1Y)Largest decline over 1 year | -10.76% | -11.07% | +0.31% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.73% | — |
Current DrawdownCurrent decline from peak | -1.44% | -1.03% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -4.30% | -23.53% | +19.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 4.50% | -1.19% |
Volatility
NBCM vs. PDBC - Volatility Comparison
The current volatility for Neuberger Berman Commodity Strategy ETF (NBCM) is 7.35%, while Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a volatility of 8.15%. This indicates that NBCM 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.
Loading graphics...
Volatility by Period
| NBCM | PDBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.35% | 8.15% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 15.11% | 13.88% | +1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.57% | 18.72% | -0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 18.92% | -4.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.91% | 17.69% | -2.78% |