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PDBC vs. DBC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PDBC and DBC is 0.29, 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.


-0.50.00.51.0
Correlation: 0.3

Performance

PDBC vs. DBC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) and Invesco DB Commodity Index Tracking Fund (DBC). The values are adjusted to include any dividend payments, if applicable.

5.00%10.00%15.00%20.00%NovemberDecember2025FebruaryMarchApril
9.69%
10.99%
PDBC
DBC

Key characteristics

Sharpe Ratio

PDBC:

-0.34

DBC:

-0.26

Sortino Ratio

PDBC:

-0.37

DBC:

-0.27

Omega Ratio

PDBC:

0.96

DBC:

0.97

Calmar Ratio

PDBC:

-0.19

DBC:

-0.08

Martin Ratio

PDBC:

-0.90

DBC:

-0.74

Ulcer Index

PDBC:

5.85%

DBC:

5.70%

Daily Std Dev

PDBC:

15.67%

DBC:

15.85%

Max Drawdown

PDBC:

-49.52%

DBC:

-76.36%

Current Drawdown

PDBC:

-23.40%

DBC:

-46.64%

Returns By Period

In the year-to-date period, PDBC achieves a -1.23% return, which is significantly lower than DBC's -0.28% return. Over the past 10 years, PDBC has underperformed DBC with an annualized return of 2.92%, while DBC has yielded a comparatively higher 3.09% annualized return.


PDBC

YTD

-1.23%

1M

-4.82%

6M

-2.18%

1Y

-5.62%

5Y*

16.54%

10Y*

2.92%

DBC

YTD

-0.28%

1M

-4.09%

6M

-0.85%

1Y

-4.47%

5Y*

17.30%

10Y*

3.09%

*Annualized

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PDBC vs. DBC - Expense Ratio Comparison

PDBC has a 0.58% expense ratio, which is lower than DBC's 0.85% expense ratio.


Expense ratio chart for DBC: current value is 0.85%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
DBC: 0.85%
Expense ratio chart for PDBC: current value is 0.58%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
PDBC: 0.58%

Risk-Adjusted Performance

PDBC vs. DBC — Risk-Adjusted Performance Rank

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

PDBC
The Risk-Adjusted Performance Rank of PDBC is 99
Overall Rank
The Sharpe Ratio Rank of PDBC is 99
Sharpe Ratio Rank
The Sortino Ratio Rank of PDBC is 88
Sortino Ratio Rank
The Omega Ratio Rank of PDBC is 88
Omega Ratio Rank
The Calmar Ratio Rank of PDBC is 1111
Calmar Ratio Rank
The Martin Ratio Rank of PDBC is 88
Martin Ratio Rank

DBC
The Risk-Adjusted Performance Rank of DBC is 1111
Overall Rank
The Sharpe Ratio Rank of DBC is 1111
Sharpe Ratio Rank
The Sortino Ratio Rank of DBC is 1010
Sortino Ratio Rank
The Omega Ratio Rank of DBC is 1010
Omega Ratio Rank
The Calmar Ratio Rank of DBC is 1616
Calmar Ratio Rank
The Martin Ratio Rank of DBC is 1010
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

PDBC vs. DBC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) and Invesco DB Commodity Index Tracking Fund (DBC). 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.


The chart of Sharpe ratio for PDBC, currently valued at -0.34, compared to the broader market-1.000.001.002.003.004.00
PDBC: -0.34
DBC: -0.26
The chart of Sortino ratio for PDBC, currently valued at -0.37, compared to the broader market-2.000.002.004.006.008.00
PDBC: -0.37
DBC: -0.27
The chart of Omega ratio for PDBC, currently valued at 0.96, compared to the broader market0.501.001.502.002.50
PDBC: 0.96
DBC: 0.97
The chart of Calmar ratio for PDBC, currently valued at -0.19, compared to the broader market0.002.004.006.008.0010.0012.00
PDBC: -0.19
DBC: -0.15
The chart of Martin ratio for PDBC, currently valued at -0.90, compared to the broader market0.0020.0040.0060.00
PDBC: -0.90
DBC: -0.74

The current PDBC Sharpe Ratio is -0.34, which is comparable to the DBC Sharpe Ratio of -0.26. The chart below compares the historical Sharpe Ratios of PDBC and DBC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.50NovemberDecember2025FebruaryMarchApril
-0.34
-0.26
PDBC
DBC

Dividends

PDBC vs. DBC - Dividend Comparison

PDBC's dividend yield for the trailing twelve months is around 4.48%, less than DBC's 5.23% yield.


TTM202420232022202120202019201820172016
PDBC
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
4.48%4.42%4.21%13.05%50.83%0.01%1.40%1.00%3.83%6.51%
DBC
Invesco DB Commodity Index Tracking Fund
5.23%5.22%4.94%0.59%0.00%0.00%1.59%1.30%0.00%0.00%

Drawdowns

PDBC vs. DBC - Drawdown Comparison

The maximum PDBC drawdown since its inception was -49.52%, smaller than the maximum DBC drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for PDBC and DBC. For additional features, visit the drawdowns tool.


-28.00%-26.00%-24.00%-22.00%-20.00%-18.00%-16.00%NovemberDecember2025FebruaryMarchApril
-23.40%
-22.36%
PDBC
DBC

Volatility

PDBC vs. DBC - Volatility Comparison

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) and Invesco DB Commodity Index Tracking Fund (DBC) have volatilities of 8.22% and 8.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%NovemberDecember2025FebruaryMarchApril
8.22%
8.01%
PDBC
DBC