PDBA vs. QQQ
PDBA (Invesco Agriculture Commodity Strategy No K-1 ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - PDBA is a Agricultural Commodities fund actively managed by Invesco, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. PDBA is actively managed, while QQQ is passively managed. Over the past 3 years, PDBA returned 13.50%/yr vs 28.78%/yr for QQQ. At a 0.11 correlation, their price movements are largely independent. PDBA charges 0.59%/yr vs 0.18%/yr for QQQ.
Performance
PDBA vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, PDBA achieves a 5.38% return, which is significantly lower than QQQ's 21.30% return.
PDBA
- 1D
- -0.89%
- 1M
- -4.99%
- YTD
- 5.38%
- 6M
- 5.65%
- 1Y
- 3.79%
- 3Y*
- 13.50%
- 5Y*
- —
- 10Y*
- —
QQQ
- 1D
- -0.26%
- 1M
- 10.60%
- YTD
- 21.30%
- 6M
- 19.66%
- 1Y
- 41.82%
- 3Y*
- 28.78%
- 5Y*
- 17.97%
- 10Y*
- 21.94%
PDBA vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PDBA Invesco Agriculture Commodity Strategy No K-1 ETF | 5.38% | -0.76% | 34.16% | 7.83% | -1.60% |
QQQ Invesco QQQ ETF | 21.30% | 20.77% | 25.58% | 54.86% | -15.11% |
Correlation
The correlation between PDBA and QQQ is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2022 | 0.11 |
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Return for Risk
PDBA vs. QQQ — Risk / Return Rank
PDBA
QQQ
PDBA vs. QQQ - 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 Invesco QQQ ETF (QQQ). 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.
| PDBA | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -2.88 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.45 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 3.51 | -3.04 |
| Martin ratioReturn relative to average drawdown | 0.92 | 13.49 | -12.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PDBA | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.35 | 2.64 | -2.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.81 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.99 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.41 | +0.43 |
Drawdowns
PDBA vs. QQQ - Drawdown Comparison
The maximum PDBA drawdown since its inception was -12.45%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for PDBA and QQQ.
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Drawdown Indicators
| PDBA | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.45% | -82.97% | +70.52% |
Max Drawdown (1Y)Largest decline over 1 year | -8.05% | -11.96% | +3.91% |
Max Drawdown (3Y)Largest decline over 3 years | -12.45% | -22.77% | +10.32% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -6.47% | -0.26% | -6.21% |
Average DrawdownAverage peak-to-trough decline | -3.79% | -32.79% | +29.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.14% | 3.11% | +1.03% |
Volatility
PDBA vs. QQQ - Volatility Comparison
The current volatility for Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA) is 4.05%, while Invesco QQQ ETF (QQQ) has a volatility of 4.49%. This indicates that PDBA experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDBA | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.05% | 4.49% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 6.51% | 12.10% | -5.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.77% | 15.94% | -5.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.29% | 22.38% | -9.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.29% | 22.29% | -9.00% |
PDBA vs. QQQ - Expense Ratio Comparison
PDBA has a 0.59% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Dividends
PDBA vs. QQQ - Dividend Comparison
PDBA's dividend yield for the trailing twelve months is around 3.15%, more than QQQ's 0.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDBA Invesco Agriculture Commodity Strategy No K-1 ETF | 3.15% | 3.32% | 13.01% | 6.82% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ ETF | 0.38% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Frequently Asked Questions
PDBA and QQQ have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQ has higher volatility (4.49%) compared to PDBA (4.05%). In terms of maximum drawdown, PDBA dropped -12.45% vs QQQ's -82.97%.
On 3-year performance, QQQ leads with 28.78% vs 13.50% for PDBA. On fees, QQQ is cheaper at 0.18% per year. On volatility, PDBA has been the lower-risk option at 4.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, QQQ has performed better with a 28.78% return vs 13.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQ is cheaper with a 0.18% expense ratio, compared with 0.59% for PDBA.
PDBA has the higher dividend yield at 3.15%, compared with 0.38% for QQQ.
PDBA is categorized as Agricultural Commodities, while QQQ is Nasdaq-100. Their fees differ too: 0.59% for PDBA and 0.18% for QQQ.
QQQ currently has the higher Sharpe Ratio (2.64 vs 0.35), 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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