NVGS vs. PDBC
NVGS (Navigator Holdings Ltd.) 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, NVGS returned 7.31%/yr vs 8.14%/yr for PDBC. At a 0.32 correlation, their price movements are largely independent.
Performance
NVGS vs. PDBC - Performance Comparison
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Returns By Period
In the year-to-date period, NVGS achieves a 19.05% return, which is significantly lower than PDBC's 27.55% return. Over the past 10 years, NVGS has underperformed PDBC with an annualized return of 7.31%, while PDBC has yielded a comparatively higher 8.14% annualized return.
NVGS
- 1D
- -0.92%
- 1M
- -10.96%
- 6M
- 13.54%
- YTD
- 19.05%
- 1Y
- 33.79%
- 3Y*
- 16.69%
- 5Y*
- 16.65%
- 10Y*
- 7.31%
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%
NVGS vs. PDBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NVGS Navigator Holdings Ltd. | 19.05% | 14.44% | 6.79% | 22.52% | 34.84% | -19.00% | -18.71% | 43.30% | -4.57% | 5.91% |
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 NVGS and PDBC is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2014 | 0.32 |
The correlation between NVGS and PDBC shifts across timeframes, from 0.14 (1 year) to 0.33 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
NVGS vs. PDBC — Risk / Return Rank
NVGS
PDBC
NVGS vs. PDBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Navigator Holdings Ltd. (NVGS) 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.
| NVGS | PDBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.28 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.86 | -0.40 |
| Martin ratioReturn relative to average drawdown | 5.10 | 6.57 | -1.48 |
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Drawdowns
NVGS vs. PDBC - Drawdown Comparison
The maximum NVGS drawdown since its inception was -87.68%, which is greater than PDBC's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for NVGS and PDBC.
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Drawdown Indicators
| NVGS | PDBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.68% | -49.52% | -38.16% |
Max Drawdown (1Y)Largest decline over 1 year | -23.12% | -16.55% | -6.57% |
Max Drawdown (3Y)Largest decline over 3 years | -38.88% | -16.55% | -22.33% |
Max Drawdown (5Y)Largest decline over 5 years | -38.88% | -27.63% | -11.25% |
Max Drawdown (10Y)Largest decline over 10 years | -73.33% | -40.73% | -32.60% |
Current DrawdownCurrent decline from peak | -32.32% | -10.63% | -21.69% |
Average DrawdownAverage peak-to-trough decline | -43.96% | -23.11% | -20.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.65% | 4.69% | +1.96% |
Volatility
NVGS vs. PDBC - Volatility Comparison
Navigator Holdings Ltd. (NVGS) has a higher volatility of 12.06% compared to Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) at 6.25%. This indicates that NVGS'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
| NVGS | PDBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.06% | 6.25% | +5.81% |
Volatility (6M)Calculated over the trailing 6-month period | 24.33% | 16.77% | +7.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.26% | 18.90% | +10.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.88% | 19.24% | +16.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.62% | 17.76% | +29.86% |
Dividends
NVGS vs. PDBC - Dividend Comparison
NVGS's dividend yield for the trailing twelve months is around 1.27%, less than PDBC's 3.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
NVGS Navigator Holdings Ltd. | 1.27% | 1.27% | 1.30% | 0.69% | 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
NVGS and PDBC have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVGS has higher volatility (12.06%) compared to PDBC (6.25%). In terms of maximum drawdown, NVGS dropped -87.68% vs PDBC's -49.52%.
PDBC currently has the higher Sharpe Ratio (1.64 vs 1.16), 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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