PDBC vs. AVUV
PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) and AVUV (Avantis US Small Cap Value ETF) are both exchange-traded funds - PDBC is a Commodities fund actively managed by Invesco, while AVUV is a Small Cap Value Equities fund actively managed by Avantis. Both are actively managed. Over the past 5 years, PDBC returned 10.98%/yr vs 11.57%/yr for AVUV. At a 0.33 correlation, their price movements are largely independent. PDBC charges 0.58%/yr vs 0.25%/yr for AVUV.
Performance
PDBC vs. AVUV - Performance Comparison
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Returns By Period
In the year-to-date period, PDBC achieves a 28.75% return, which is significantly higher than AVUV's 22.73% return.
PDBC
- 1D
- -1.04%
- 1M
- -8.28%
- YTD
- 28.75%
- 6M
- 30.02%
- 1Y
- 30.88%
- 3Y*
- 12.43%
- 5Y*
- 10.98%
- 10Y*
- 7.99%
AVUV
- 1D
- 0.96%
- 1M
- 5.11%
- YTD
- 22.73%
- 6M
- 19.51%
- 1Y
- 42.12%
- 3Y*
- 19.24%
- 5Y*
- 11.57%
- 10Y*
- —
PDBC vs. AVUV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 28.75% | 5.96% | 2.09% | -6.25% | 19.23% | 41.72% | -7.84% | 6.02% |
AVUV Avantis US Small Cap Value ETF | 22.73% | 7.44% | 9.28% | 22.82% | -4.91% | 42.20% | 6.43% | 8.54% |
Correlation
The correlation between PDBC and AVUV is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | 0.33 |
The correlation between PDBC and AVUV shifts across timeframes, from -0.04 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PDBC vs. AVUV — Risk / Return Rank
PDBC
AVUV
PDBC vs. AVUV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) and Avantis US Small Cap Value ETF (AVUV). 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.
| PDBC | AVUV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.39 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 5.06 | -1.52 |
| Martin ratioReturn relative to average drawdown | 9.49 | 15.09 | -5.60 |
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Drawdowns
PDBC vs. AVUV - Drawdown Comparison
The maximum PDBC drawdown since its inception was -49.52%, roughly equal to the maximum AVUV drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for PDBC and AVUV.
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Drawdown Indicators
| PDBC | AVUV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.52% | -49.42% | -0.10% |
Max Drawdown (1Y)Largest decline over 1 year | -9.78% | -7.95% | -1.83% |
Max Drawdown (3Y)Largest decline over 3 years | -13.95% | -28.79% | +14.84% |
Max Drawdown (5Y)Largest decline over 5 years | -27.63% | -28.79% | +1.16% |
Max Drawdown (10Y)Largest decline over 10 years | -40.73% | — | — |
Current DrawdownCurrent decline from peak | -9.78% | 0.00% | -9.78% |
Average DrawdownAverage peak-to-trough decline | -23.16% | -7.91% | -15.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.65% | 2.67% | +0.98% |
Volatility
PDBC vs. AVUV - Volatility Comparison
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a higher volatility of 4.91% compared to Avantis US Small Cap Value ETF (AVUV) at 4.53%. This indicates that PDBC's price experiences larger fluctuations and is considered to be riskier than AVUV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDBC | AVUV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.91% | 4.53% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 16.12% | 11.34% | +4.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.85% | 17.63% | +1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.16% | 22.75% | -3.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.79% | 28.26% | -10.47% |
PDBC vs. AVUV - Expense Ratio Comparison
PDBC has a 0.58% expense ratio, which is higher than AVUV's 0.25% expense ratio.
Dividends
PDBC vs. AVUV - Dividend Comparison
PDBC's dividend yield for the trailing twelve months is around 2.98%, more than AVUV's 1.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AVUV Avantis US Small Cap Value ETF | 1.61% | 1.58% | 1.61% | 1.65% | 1.74% | 1.28% | 1.21% | 0.38% | 0.00% | 0.00% | 0.00% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 2.98% | 3.84% | 4.42% | 4.21% | 13.05% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.51% |
Frequently Asked Questions
PDBC and AVUV have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDBC has higher volatility (4.91%) compared to AVUV (4.53%). In terms of maximum drawdown, PDBC dropped -49.52% vs AVUV's -49.42%.
On 5-year performance, AVUV leads with 11.57% vs 10.98% for PDBC. On fees, AVUV is cheaper at 0.25% per year. On volatility, AVUV has been the lower-risk option at 4.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AVUV has performed better with a 11.57% return vs 10.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AVUV is cheaper with a 0.25% expense ratio, compared with 0.58% for PDBC.
PDBC has the higher dividend yield at 2.98%, compared with 1.61% for AVUV.
PDBC is categorized as Commodities, while AVUV is Small Cap Value Equities. They also come from different issuers: Invesco and Avantis. Their fees differ too: 0.58% for PDBC and 0.25% for AVUV.
AVUV currently has the higher Sharpe Ratio (2.28 vs 1.84), 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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