PDBA vs. SOXQ

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA) and Invesco PHLX Semiconductor ETF (SOXQ).

PDBA and SOXQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PDBA is an actively managed fund by Invesco. It was launched on Aug 24, 2022. SOXQ is a passively managed fund by Invesco that tracks the performance of the PHLX Semiconductor Sector Index. It was launched on Jun 11, 2021.

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.

PDBA vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PDBA Invesco Agriculture Commodity Strategy No K-1 ETF	7.26%	-0.76%	34.16%	7.83%	-1.60%
SOXQ Invesco PHLX Semiconductor ETF	7.17%	43.11%	20.16%	66.74%	-11.24%

Returns By Period

The year-to-date returns for both stocks are quite close, with PDBA having a 7.26% return and SOXQ slightly lower at 7.17%.

PDBA

• 1D: 0.76%
• 1M: 5.04%
• YTD: 7.26%
• 6M: 5.71%
• 1Y: 7.20%
• 3Y*: 15.08%
• 5Y*: —
• 10Y*: —

SOXQ

• 1D: 6.19%
• 1M: -6.26%
• YTD: 7.17%
• 6M: 19.39%
• 1Y: 78.41%
• 3Y*: 33.82%
• 5Y*: —
• 10Y*: —

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

PDBA vs. SOXQ - Expense Ratio Comparison

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

PDBA

Invesco Agriculture Commodity Strategy No K-1 ETF

SOXQ

Invesco PHLX Semiconductor ETF

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: 30
PDBA Sharpe Ratio Rank: 33
PDBA Sortino Ratio Rank: 33
PDBA Omega Ratio Rank: 29
PDBA Calmar Ratio Rank: 34
PDBA Martin Ratio Rank: 23

SOXQ

SOXQ Risk / Return Rank: 93
SOXQ Sharpe Ratio Rank: 91
SOXQ Sortino Ratio Rank: 91
SOXQ Omega Ratio Rank: 90
SOXQ Calmar Ratio Rank: 96
SOXQ Martin Ratio Rank: 96

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	0.61	1.97	-1.35
Sortino ratio Return per unit of downside risk	0.94	2.58	-1.64
Omega ratio Gain probability vs. loss probability	1.12	1.37	-0.25
Calmar ratio Return relative to maximum drawdown	0.85	4.47	-3.62
Martin ratio Return relative to average drawdown	1.59	16.40	-14.81
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 0.61, which is lower than the SOXQ Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of PDBA and SOXQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PDBA	SOXQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.61	1.97	-1.35
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.58	+0.35

Correlation

The correlation between PDBA and SOXQ is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

PDBA vs. SOXQ - Dividend Comparison

PDBA's dividend yield for the trailing twelve months is around 3.10%, more than SOXQ's 0.47% yield.

	TTM	2025	2024	2023	2022	2021
PDBA Invesco Agriculture Commodity Strategy No K-1 ETF	3.10%	3.32%	13.01%	6.82%	0.74%	0.00%
SOXQ Invesco PHLX Semiconductor ETF	0.47%	0.50%	0.68%	0.87%	1.36%	0.72%

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%	-17.44%	+9.39%
Current Drawdown Current decline from peak	0.00%	-10.36%	+10.36%
Average Drawdown Average peak-to-trough decline	-3.90%	-13.38%	+9.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.30%	4.75%	-0.45%

Volatility

PDBA vs. SOXQ - Volatility Comparison

The current volatility for Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA) is 2.68%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 13.15%. 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	2.68%	13.15%	-10.47%
Volatility (6M) Calculated over the trailing 6-month period	6.72%	26.20%	-19.48%
Volatility (1Y) Calculated over the trailing 1-year period	11.80%	40.06%	-28.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.35%	36.09%	-22.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.35%	36.09%	-22.74%