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

Correlation

The correlation between PDBC and DJP 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. DJP - 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 iPath Bloomberg Commodity Index Total Return ETN (DJP). The values are adjusted to include any dividend payments, if applicable.

-10.00%-5.00%0.00%5.00%10.00%15.00%20.00%NovemberDecember2025FebruaryMarchApril
9.69%
0.24%
PDBC
DJP

Key characteristics

Sharpe Ratio

PDBC:

-0.34

DJP:

0.32

Sortino Ratio

PDBC:

-0.37

DJP:

0.57

Omega Ratio

PDBC:

0.96

DJP:

1.07

Calmar Ratio

PDBC:

-0.19

DJP:

0.09

Martin Ratio

PDBC:

-0.90

DJP:

0.78

Ulcer Index

PDBC:

5.85%

DJP:

6.49%

Daily Std Dev

PDBC:

15.67%

DJP:

15.84%

Max Drawdown

PDBC:

-49.52%

DJP:

-78.35%

Current Drawdown

PDBC:

-23.40%

DJP:

-53.37%

Returns By Period

In the year-to-date period, PDBC achieves a -1.23% return, which is significantly lower than DJP's 6.26% return. Over the past 10 years, PDBC has outperformed DJP with an annualized return of 2.92%, while DJP has yielded a comparatively lower 1.67% annualized return.


PDBC

YTD

-1.23%

1M

-4.82%

6M

-2.18%

1Y

-5.62%

5Y*

16.54%

10Y*

2.92%

DJP

YTD

6.26%

1M

-2.12%

6M

5.57%

1Y

5.21%

5Y*

16.32%

10Y*

1.67%

*Annualized

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PDBC vs. DJP - Expense Ratio Comparison

PDBC has a 0.58% expense ratio, which is lower than DJP's 0.70% expense ratio.


Expense ratio chart for DJP: current value is 0.70%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
DJP: 0.70%
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. DJP — 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

DJP
The Risk-Adjusted Performance Rank of DJP is 4141
Overall Rank
The Sharpe Ratio Rank of DJP is 4646
Sharpe Ratio Rank
The Sortino Ratio Rank of DJP is 4646
Sortino Ratio Rank
The Omega Ratio Rank of DJP is 4343
Omega Ratio Rank
The Calmar Ratio Rank of DJP is 3131
Calmar Ratio Rank
The Martin Ratio Rank of DJP is 4040
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. DJP - 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 iPath Bloomberg Commodity Index Total Return ETN (DJP). 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
DJP: 0.32
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
DJP: 0.57
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
DJP: 1.07
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
DJP: 0.18
The chart of Martin ratio for PDBC, currently valued at -0.90, compared to the broader market0.0020.0040.0060.00
PDBC: -0.90
DJP: 0.78

The current PDBC Sharpe Ratio is -0.34, which is lower than the DJP Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of PDBC and DJP, 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-0.500.000.501.001.50NovemberDecember2025FebruaryMarchApril
-0.34
0.32
PDBC
DJP

Dividends

PDBC vs. DJP - Dividend Comparison

PDBC's dividend yield for the trailing twelve months is around 4.48%, while DJP has not paid dividends to shareholders.


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%
DJP
iPath Bloomberg Commodity Index Total Return ETN
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

PDBC vs. DJP - Drawdown Comparison

The maximum PDBC drawdown since its inception was -49.52%, smaller than the maximum DJP drawdown of -78.35%. Use the drawdown chart below to compare losses from any high point for PDBC and DJP. For additional features, visit the drawdowns tool.


-30.00%-25.00%-20.00%-15.00%NovemberDecember2025FebruaryMarchApril
-23.40%
-17.23%
PDBC
DJP

Volatility

PDBC vs. DJP - Volatility Comparison

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) and iPath Bloomberg Commodity Index Total Return ETN (DJP) have volatilities of 8.22% and 8.26%, 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%
8.26%
PDBC
DJP