PDBA vs. MOO
PDBA (Invesco Agriculture Commodity Strategy No K-1 ETF) and MOO (VanEck Agribusiness ETF) are both exchange-traded funds - PDBA is a Agricultural Commodities fund actively managed by Invesco, while MOO is a Natural Resources fund tracking the MVIS Global Agribusiness Index. PDBA is actively managed, while MOO is passively managed. Over the past 3 years, PDBA returned 12.42%/yr vs 0.90%/yr for MOO. Their 0.20 correlation means their historical movements had little consistent relationship. PDBA charges 0.59%/yr vs 0.56%/yr for MOO.
Performance
PDBA vs. MOO - Performance Comparison
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Returns By Period
In the year-to-date period, PDBA achieves a 8.03% return, which is significantly lower than MOO's 12.27% return.
PDBA
- 1D
- 0.14%
- 1M
- 2.91%
- 6M
- 7.46%
- YTD
- 8.03%
- 1Y
- 11.00%
- 3Y*
- 12.42%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.84%
MOO
- 1D
- -2.16%
- 1M
- 1.00%
- 6M
- 1.76%
- YTD
- 12.27%
- 1Y
- 16.07%
- 3Y*
- 0.90%
- 5Y*
- 0.10%
- 10Y*
- 7.40%
- ALL TIME*
- 5.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.26M | $13.98M | $22.17M | |
| $3.02M | $4.47M | $12.35M |
PDBA vs. MOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PDBA Invesco Agriculture Commodity Strategy No K-1 ETF | 8.03% | -0.76% | 34.16% | 7.83% | -3.34% |
MOO VanEck Agribusiness ETF | 12.27% | 15.61% | -12.43% | -8.57% | -5.60% |
Correlation
The correlation between PDBA and MOO is 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
Correlation (3Y) Balances recent behavior with more history. | 0.15 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2022 | 0.20 |
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Return for Risk
PDBA vs. MOO — Risk / Return Rank
PDBA
MOO
PDBA vs. MOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA) and VanEck Agribusiness ETF (MOO). 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.
| PDBA | MOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.19 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 1.40 | -0.26 |
| Martin ratioReturn relative to average drawdown | 2.31 | 3.60 | -1.29 |
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Drawdowns
PDBA vs. MOO - Drawdown Comparison
The maximum PDBA drawdown since its inception was -12.45%, smaller than the maximum MOO drawdown of -69.53%. Use the drawdown chart below to compare losses from any high point for PDBA and MOO.
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Drawdown Indicators
| PDBA | MOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.45% | -69.53% | +57.08% |
Max Drawdown (1Y)Largest decline over 1 year | -8.59% | -11.17% | +2.58% |
Max Drawdown (3Y)Largest decline over 3 years | -12.45% | -25.85% | +13.40% |
Max Drawdown (5Y)Largest decline over 5 years | — | -39.52% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.52% | — |
Current DrawdownCurrent decline from peak | -4.12% | -15.87% | +11.75% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -16.97% | +12.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.22% | 4.33% | -0.11% |
Volatility
PDBA vs. MOO - Volatility Comparison
Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA) has a higher volatility of 4.67% compared to VanEck Agribusiness ETF (MOO) at 4.28%. This indicates that PDBA's price experiences larger fluctuations and is considered to be riskier than MOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDBA | MOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.67% | 4.28% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 8.07% | 11.00% | -2.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.17% | 14.29% | -3.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.33% | 17.18% | -3.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.33% | 18.14% | -4.81% |
PDBA vs. MOO - Expense Ratio Comparison
PDBA has a 0.59% expense ratio, which is higher than MOO's 0.56% expense ratio.
Dividends
PDBA vs. MOO - Dividend Comparison
PDBA's dividend yield for the trailing twelve months is around 3.08%, more than MOO's 2.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MOO VanEck Agribusiness ETF | 2.20% | 2.47% | 3.41% | 2.93% | 2.15% | 1.17% | 1.10% | 1.26% | 1.69% | 1.44% | 2.14% | 2.89% |
PDBA Invesco Agriculture Commodity Strategy No K-1 ETF | 3.08% | 3.32% | 13.01% | 6.82% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PDBA and MOO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDBA has higher volatility (4.67%) compared to MOO (4.28%). In terms of maximum drawdown, PDBA dropped -12.45% vs MOO's -69.53%.
On 3-year performance, PDBA leads with 12.42% vs 0.90% for MOO. On fees, MOO is cheaper at 0.56% per year. On volatility, MOO has been the lower-risk option at 4.28%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, PDBA has performed better with a 12.42% return vs 0.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MOO is cheaper with a 0.56% expense ratio, compared with 0.59% for PDBA.
PDBA has the higher dividend yield at 3.08%, compared with 2.20% for MOO.
PDBA is categorized as Agricultural Commodities, while MOO is Natural Resources. They also come from different issuers: Invesco and VanEck. Their fees differ too: 0.59% for PDBA and 0.56% for MOO.
MOO currently has the higher Sharpe Ratio (1.09 vs 0.87), 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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