PDBC vs. COM
PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) and COM (Direxion Auspice Broad Commodity Strategy ETF) are both Commodities funds. PDBC is actively managed, while COM is passively managed. Over the past 5 years, PDBC returned 12.39%/yr vs 8.28%/yr for COM. A 0.63 correlation means they provide meaningful diversification when combined. PDBC charges 0.58%/yr vs 0.70%/yr for COM.
Performance
PDBC vs. COM - Performance Comparison
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Returns By Period
In the year-to-date period, PDBC achieves a 36.23% return, which is significantly higher than COM's 14.96% return.
PDBC
- 1D
- 0.39%
- 1M
- -3.37%
- YTD
- 36.23%
- 6M
- 36.27%
- 1Y
- 45.46%
- 3Y*
- 14.42%
- 5Y*
- 12.39%
- 10Y*
- 8.79%
COM
- 1D
- -0.76%
- 1M
- -2.14%
- YTD
- 14.96%
- 6M
- 14.36%
- 1Y
- 22.41%
- 3Y*
- 7.16%
- 5Y*
- 8.28%
- 10Y*
- —
PDBC vs. COM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 36.23% | 5.96% | 2.09% | -6.25% | 19.23% | 41.72% | -7.84% | 11.44% | -12.78% | 9.69% |
COM Direxion Auspice Broad Commodity Strategy ETF | 14.96% | 7.72% | 5.81% | -2.09% | 9.17% | 28.00% | 6.63% | -0.18% | -0.03% | -2.05% |
Correlation
The correlation between PDBC and COM is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2017 | 0.63 |
The correlation between PDBC and COM shifts across timeframes, from 0.63 (all time) to 0.78 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PDBC vs. COM — Risk / Return Rank
PDBC
COM
PDBC vs. COM - 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 Direxion Auspice Broad Commodity Strategy ETF (COM). 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.
| PDBC | COM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.41 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 6.35 | 4.95 | +1.40 |
| Martin ratioReturn relative to average drawdown | 13.39 | 14.37 | -0.98 |
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
| PDBC | COM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | 2.16 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.87 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.72 | -0.49 |
Drawdowns
PDBC vs. COM - Drawdown Comparison
The maximum PDBC drawdown since its inception was -49.52%, which is greater than COM's maximum drawdown of -15.95%. Use the drawdown chart below to compare losses from any high point for PDBC and COM.
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Drawdown Indicators
| PDBC | COM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.52% | -15.95% | -33.57% |
Max Drawdown (1Y)Largest decline over 1 year | -7.19% | -4.55% | -2.64% |
Max Drawdown (3Y)Largest decline over 3 years | -13.95% | -8.50% | -5.45% |
Max Drawdown (5Y)Largest decline over 5 years | -27.63% | -14.02% | -13.61% |
Max Drawdown (10Y)Largest decline over 10 years | -40.73% | — | — |
Current DrawdownCurrent decline from peak | -4.55% | -4.55% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -23.21% | -6.28% | -16.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 1.56% | +1.85% |
Volatility
PDBC vs. COM - Volatility Comparison
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a higher volatility of 6.20% compared to Direxion Auspice Broad Commodity Strategy ETF (COM) at 4.04%. This indicates that PDBC's price experiences larger fluctuations and is considered to be riskier than COM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDBC | COM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.20% | 4.04% | +2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 15.78% | 8.60% | +7.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.61% | 10.41% | +8.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.12% | 9.60% | +9.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.78% | 9.77% | +8.01% |
PDBC vs. COM - Expense Ratio Comparison
PDBC has a 0.58% expense ratio, which is lower than COM's 0.70% expense ratio.
Dividends
PDBC vs. COM - Dividend Comparison
PDBC's dividend yield for the trailing twelve months is around 2.82%, more than COM's 2.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
COM Direxion Auspice Broad Commodity Strategy ETF | 2.46% | 2.99% | 3.88% | 3.80% | 8.59% | 10.32% | 0.13% | 1.09% | 2.36% | 0.09% | 0.00% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 2.82% | 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 COM have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDBC has higher volatility (6.20%) compared to COM (4.04%). In terms of maximum drawdown, PDBC dropped -49.52% vs COM's -15.95%.
On 5-year performance, PDBC leads with 12.39% vs 8.28% for COM. On fees, PDBC is cheaper at 0.58% per year. On volatility, COM has been the lower-risk option at 4.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PDBC has performed better with a 12.39% return vs 8.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PDBC is cheaper with a 0.58% expense ratio, compared with 0.70% for COM.
PDBC has the higher dividend yield at 2.82%, compared with 2.46% for COM.
They also come from different issuers: Invesco and Direxion. Their fees differ too: 0.58% for PDBC and 0.70% for COM.
PDBC currently has the higher Sharpe Ratio (2.46 vs 2.16), 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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