PDBA vs. SOXQ

Last updated Jun 4, 2026

PDBA (Invesco Agriculture Commodity Strategy No K-1 ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - PDBA is a Agricultural Commodities fund actively managed by Invesco, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. PDBA is actively managed, while SOXQ is passively managed. Over the past 3 years, PDBA returned 13.50%/yr vs 59.40%/yr for SOXQ. At a 0.09 correlation, their price movements are largely independent. PDBA charges 0.59%/yr vs 0.19%/yr for SOXQ.

Performance

PDBA vs. SOXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA) and Invesco PHLX Semiconductor ETF (SOXQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PDBA achieves a 5.38% return, which is significantly lower than SOXQ's 96.72% return.

PDBA

• 1D: -0.89%
• 1M: -4.99%
• YTD: 5.38%
• 6M: 5.65%
• 1Y: 3.79%
• 3Y*: 13.50%
• 5Y*: —
• 10Y*: —

SOXQ

• 1D: 1.42%
• 1M: 32.12%
• YTD: 96.72%
• 6M: 91.61%
• 1Y: 181.76%
• 3Y*: 59.40%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PDBA vs. SOXQ - 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%
SOXQ Invesco PHLX Semiconductor ETF	96.72%	43.11%	20.16%	66.74%	-11.24%

Correlation

The correlation between PDBA and SOXQ is 0.02, 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	0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (All Time) Calculated using the full available price history since Aug 25, 2022	0.09

Return for Risk

PDBA vs. SOXQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PDBA

PDBA Risk / Return Rank: 13
PDBA Sharpe Ratio Rank: 14
PDBA Sortino Ratio Rank: 13
PDBA Omega Ratio Rank: 13
PDBA Calmar Ratio Rank: 14
PDBA Martin Ratio Rank: 13

SOXQ

SOXQ Risk / Return Rank: 96
SOXQ Sharpe Ratio Rank: 98
SOXQ Sortino Ratio Rank: 95
SOXQ Omega Ratio Rank: 95
SOXQ Calmar Ratio Rank: 97
SOXQ Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PDBA vs. SOXQ - 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 PHLX Semiconductor ETF (SOXQ). 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	SOXQ	Difference
Sharpe ratio: Return per unit of total volatility	0.35	5.43	-5.07
Sortino ratio: Return per unit of downside risk	0.57	5.22	-4.65
Omega ratio: Gain probability vs. loss probability	1.07	1.72	-0.66
Calmar ratio: Return relative to maximum drawdown	0.47	11.73	-11.26
Martin ratio: Return relative to average drawdown	0.92	45.01	-44.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PDBA vs. SOXQ - Sharpe Ratio Comparison

The current PDBA Sharpe Ratio is 0.35, which is lower than the SOXQ Sharpe Ratio of 5.43. The chart below compares the historical Sharpe Ratios of PDBA and SOXQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PDBA	SOXQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.35	5.43	-5.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.98	-0.14

Drawdowns

PDBA vs. SOXQ - Drawdown Comparison

The maximum PDBA drawdown since its inception was -12.45%, smaller than the maximum SOXQ drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for PDBA and SOXQ.

Drawdown Indicators

	PDBA	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-12.45%	-46.01%	+33.56%
Max Drawdown (1Y) Largest decline over 1 year	-8.05%	-15.59%	+7.54%
Max Drawdown (3Y) Largest decline over 3 years	-12.45%	-39.36%	+26.91%
Current Drawdown Current decline from peak	-6.47%	0.00%	-6.47%
Average Drawdown Average peak-to-trough decline	-3.79%	-12.96%	+9.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.14%	4.06%	+0.08%

Volatility

PDBA vs. SOXQ - Volatility Comparison

The current volatility for Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA) is 4.05%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 13.44%. This indicates that PDBA experiences smaller price fluctuations and is considered to be less risky than SOXQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PDBA	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.05%	13.44%	-9.39%
Volatility (6M) Calculated over the trailing 6-month period	6.51%	26.70%	-20.19%
Volatility (1Y) Calculated over the trailing 1-year period	10.77%	33.78%	-23.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.29%	36.38%	-23.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.29%	36.38%	-23.09%

PDBA vs. SOXQ - Expense Ratio Comparison

PDBA has a 0.59% expense ratio, which is higher than SOXQ's 0.19% expense ratio.

Dividends

PDBA vs. SOXQ - Dividend Comparison

PDBA's dividend yield for the trailing twelve months is around 3.15%, more than SOXQ's 0.26% yield.

Position	TTM	2025	2024	2023	2022	2021
PDBA Invesco Agriculture Commodity Strategy No K-1 ETF	3.15%	3.32%	13.01%	6.82%	0.74%	0.00%
SOXQ Invesco PHLX Semiconductor ETF	0.26%	0.50%	0.68%	0.87%	1.36%	0.72%

Frequently Asked Questions

Can I hold both PDBA and SOXQ in my portfolio?

PDBA and SOXQ have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PDBA or SOXQ?

SOXQ has higher volatility (13.44%) compared to PDBA (4.05%). In terms of maximum drawdown, PDBA dropped -12.45% vs SOXQ's -46.01%.

Which ETF is better, PDBA or SOXQ?

On 3-year performance, SOXQ leads with 59.40% vs 13.50% for PDBA. On fees, SOXQ is cheaper at 0.19% 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.

Which ETF has performed better, PDBA or SOXQ?

Over the 3-year period, SOXQ has performed better with a 59.40% return vs 13.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PDBA or SOXQ?

SOXQ is cheaper with a 0.19% expense ratio, compared with 0.59% for PDBA.

Which ETF pays a higher dividend yield, PDBA or SOXQ?

PDBA has the higher dividend yield at 3.15%, compared with 0.26% for SOXQ.

What is the main difference between PDBA and SOXQ?

PDBA is categorized as Agricultural Commodities, while SOXQ is Semiconductors. Their fees differ too: 0.59% for PDBA and 0.19% for SOXQ.

Which has better risk-adjusted returns?

SOXQ currently has the higher Sharpe Ratio (5.43 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.