PDBA vs. TILL
PDBA (Invesco Agriculture Commodity Strategy No K-1 ETF) and TILL (Teucrium Agricultural Strategy No K-1 ETF) are both exchange-traded funds - PDBA is a Agricultural Commodities fund actively managed by Invesco, while TILL is a Commodities fund actively managed by Teucrium. Both are actively managed. Over the past 3 years, PDBA returned 12.42%/yr vs -6.08%/yr for TILL. Their 0.57 correlation means they have sometimes moved together and sometimes differently. PDBA charges 0.59%/yr vs 0.89%/yr for TILL.
Performance
PDBA vs. TILL - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with PDBA having a 8.03% return and TILL slightly higher at 8.16%.
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%
TILL
- 1D
- -0.92%
- 1M
- 3.21%
- 6M
- 7.87%
- YTD
- 8.16%
- 1Y
- 6.13%
- 3Y*
- -6.08%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -7.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.02M | $4.47M | $12.35M | |
| $881.52K | $637.13K | $1.68M |
PDBA vs. TILL - 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% |
TILL Teucrium Agricultural Strategy No K-1 ETF | 8.16% | -5.97% | -13.98% | -5.00% | 1.73% |
Correlation
The correlation between PDBA and TILL is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.50 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2022 | 0.57 |
The correlation between PDBA and TILL shifts across timeframes, from 0.50 (3 years) to 0.67 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PDBA vs. TILL — Risk / Return Rank
PDBA
TILL
PDBA vs. TILL - 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 Teucrium Agricultural Strategy No K-1 ETF (TILL). 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 | TILL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.08 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 0.59 | +0.54 |
| Martin ratioReturn relative to average drawdown | 2.31 | 1.54 | +0.77 |
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Drawdowns
PDBA vs. TILL - Drawdown Comparison
The maximum PDBA drawdown since its inception was -12.45%, smaller than the maximum TILL drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for PDBA and TILL.
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Drawdown Indicators
| PDBA | TILL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.45% | -33.76% | +21.31% |
Max Drawdown (1Y)Largest decline over 1 year | -8.59% | -9.87% | +1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -12.45% | -25.33% | +12.88% |
Current DrawdownCurrent decline from peak | -4.12% | -27.41% | +23.29% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -21.63% | +17.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.22% | 3.80% | +0.42% |
Volatility
PDBA vs. TILL - Volatility Comparison
The current volatility for Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA) is 4.67%, while Teucrium Agricultural Strategy No K-1 ETF (TILL) has a volatility of 5.26%. This indicates that PDBA experiences smaller price fluctuations and is considered to be less risky than TILL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDBA | TILL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.67% | 5.26% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 8.07% | 11.28% | -3.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.17% | 13.07% | -1.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.33% | 14.76% | -1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.33% | 14.76% | -1.43% |
PDBA vs. TILL - Expense Ratio Comparison
PDBA has a 0.59% expense ratio, which is lower than TILL's 0.89% expense ratio.
Dividends
PDBA vs. TILL - Dividend Comparison
PDBA's dividend yield for the trailing twelve months is around 3.08%, less than TILL's 4.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
PDBA Invesco Agriculture Commodity Strategy No K-1 ETF | 3.08% | 3.32% | 13.01% | 6.82% | 0.74% |
TILL Teucrium Agricultural Strategy No K-1 ETF | 4.59% | 4.97% | 2.55% | 51.24% | 0.73% |
Frequently Asked Questions
PDBA and TILL have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TILL has higher volatility (5.26%) compared to PDBA (4.67%). In terms of maximum drawdown, PDBA dropped -12.45% vs TILL's -33.76%.
On 3-year performance, PDBA leads with 12.42% vs -6.08% for TILL. On fees, PDBA is cheaper at 0.59% per year. On volatility, PDBA has been the lower-risk option at 4.67%. 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 -6.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PDBA is cheaper with a 0.59% expense ratio, compared with 0.89% for TILL.
TILL has the higher dividend yield at 4.59%, compared with 3.08% for PDBA.
PDBA is categorized as Agricultural Commodities, while TILL is Commodities. They also come from different issuers: Invesco and Teucrium. Their fees differ too: 0.59% for PDBA and 0.89% for TILL.
PDBA currently has the higher Sharpe Ratio (0.87 vs 0.45), 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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