PDBC vs. INDA
PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) and INDA (iShares MSCI India ETF) are both exchange-traded funds - PDBC is a Commodities fund actively managed by Invesco, while INDA is a Asia Pacific Equities fund tracking the MSCI India Index. PDBC is actively managed, while INDA is passively managed. Over the past 10 years, PDBC returned 7.99%/yr vs 7.09%/yr for INDA. At a 0.18 correlation, their price movements are largely independent. PDBC charges 0.58%/yr vs 0.69%/yr for INDA.
Performance
PDBC vs. INDA - 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 INDA's -10.58% return. Over the past 10 years, PDBC has outperformed INDA with an annualized return of 7.99%, while INDA has yielded a comparatively lower 7.09% annualized 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%
INDA
- 1D
- 1.13%
- 1M
- -0.06%
- YTD
- -10.58%
- 6M
- -9.05%
- 1Y
- -10.57%
- 3Y*
- 4.51%
- 5Y*
- 2.79%
- 10Y*
- 7.09%
PDBC vs. INDA - 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 | 28.75% | 5.96% | 2.09% | -6.25% | 19.23% | 41.72% | -7.84% | 11.44% | -12.78% | 5.06% |
INDA iShares MSCI India ETF | -10.58% | 2.68% | 8.63% | 17.16% | -8.94% | 21.36% | 14.83% | 6.49% | -6.67% | 36.08% |
Correlation
The correlation between PDBC and INDA is -0.27, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2014 | 0.18 |
The correlation between PDBC and INDA shifts across timeframes, from -0.27 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PDBC vs. INDA — Risk / Return Rank
PDBC
INDA
PDBC vs. INDA - 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 iShares MSCI India ETF (INDA). 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 | INDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.64 | ||
| Sortino ratioReturn per unit of downside risk | +3.54 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.88 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | -0.63 | +4.18 |
| Martin ratioReturn relative to average drawdown | 9.49 | -1.46 | +10.95 |
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Drawdowns
PDBC vs. INDA - Drawdown Comparison
The maximum PDBC drawdown since its inception was -49.52%, which is greater than INDA's maximum drawdown of -45.07%. Use the drawdown chart below to compare losses from any high point for PDBC and INDA.
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Drawdown Indicators
| PDBC | INDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.52% | -45.07% | -4.45% |
Max Drawdown (1Y)Largest decline over 1 year | -9.78% | -18.69% | +8.91% |
Max Drawdown (3Y)Largest decline over 3 years | -13.95% | -22.72% | +8.77% |
Max Drawdown (5Y)Largest decline over 5 years | -27.63% | -22.72% | -4.91% |
Max Drawdown (10Y)Largest decline over 10 years | -40.73% | -45.07% | +4.34% |
Current DrawdownCurrent decline from peak | -9.78% | -17.77% | +7.99% |
Average DrawdownAverage peak-to-trough decline | -23.16% | -9.59% | -13.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.65% | 8.09% | -4.44% |
Volatility
PDBC vs. INDA - Volatility Comparison
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a higher volatility of 4.91% compared to iShares MSCI India ETF (INDA) at 4.16%. This indicates that PDBC's price experiences larger fluctuations and is considered to be riskier than INDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDBC | INDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.91% | 4.16% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 16.12% | 12.77% | +3.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.85% | 14.79% | +4.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.16% | 15.40% | +3.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.79% | 21.11% | -3.32% |
PDBC vs. INDA - Expense Ratio Comparison
PDBC has a 0.58% expense ratio, which is lower than INDA's 0.69% expense ratio.
Dividends
PDBC vs. INDA - Dividend Comparison
PDBC's dividend yield for the trailing twelve months is around 2.98%, while INDA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDA iShares MSCI India ETF | 0.00% | 0.00% | 0.76% | 0.16% | 0.00% | 6.44% | 0.27% | 0.99% | 0.94% | 1.09% | 0.90% | 1.19% |
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% | 0.00% |
Frequently Asked Questions
PDBC and INDA have a correlation of -0.27, 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 INDA (4.16%). In terms of maximum drawdown, PDBC dropped -49.52% vs INDA's -45.07%.
On 10-year performance, PDBC leads with 7.99% vs 7.09% for INDA. On fees, PDBC is cheaper at 0.58% per year. On volatility, INDA has been the lower-risk option at 4.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PDBC has performed better with a 7.99% return vs 7.09%. 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 0.69% for INDA.
PDBC has the higher dividend yield at 2.98%, compared with 0.00% for INDA.
PDBC is categorized as Commodities, while INDA is Asia Pacific Equities. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.58% for PDBC and 0.69% for INDA.
PDBC currently has the higher Sharpe Ratio (1.84 vs -0.80), 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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