PDBC vs. PIT
PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) and PIT (VanEck Commodity Strategy ETF) are both Commodities funds. Both are actively managed. Over the past 3 years, PDBC returned 14.42%/yr vs 24.30%/yr for PIT. Their correlation of 0.94 suggests significant overlap in exposure. PDBC charges 0.58%/yr vs 0.55%/yr for PIT.
Performance
PDBC vs. PIT - Performance Comparison
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Returns By Period
In the year-to-date period, PDBC achieves a 36.23% return, which is significantly lower than PIT's 41.36% 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%
PIT
- 1D
- 0.58%
- 1M
- -2.84%
- YTD
- 41.36%
- 6M
- 42.58%
- 1Y
- 62.93%
- 3Y*
- 24.30%
- 5Y*
- —
- 10Y*
- —
PDBC vs. PIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 36.23% | 5.96% | 2.09% | -6.25% | 2.50% |
PIT VanEck Commodity Strategy ETF | 41.36% | 21.63% | 6.77% | -4.54% | 2.74% |
Correlation
The correlation between PDBC and PIT is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Dec 23, 2022 | 0.94 |
The correlation between PDBC and PIT has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.
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Return for Risk
PDBC vs. PIT — Risk / Return Rank
PDBC
PIT
PDBC vs. PIT - 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 VanEck Commodity Strategy ETF (PIT). 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 | PIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.52 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 6.35 | 6.83 | -0.48 |
| Martin ratioReturn relative to average drawdown | 13.39 | 23.27 | -9.88 |
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 | PIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | 2.97 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | — | — |
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 | 1.07 | -0.84 |
Drawdowns
PDBC vs. PIT - Drawdown Comparison
The maximum PDBC drawdown since its inception was -49.52%, which is greater than PIT's maximum drawdown of -12.27%. Use the drawdown chart below to compare losses from any high point for PDBC and PIT.
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Drawdown Indicators
| PDBC | PIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.52% | -12.27% | -37.25% |
Max Drawdown (1Y)Largest decline over 1 year | -7.19% | -9.27% | +2.08% |
Max Drawdown (3Y)Largest decline over 3 years | -13.95% | -12.27% | -1.68% |
Max Drawdown (5Y)Largest decline over 5 years | -27.63% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.73% | — | — |
Current DrawdownCurrent decline from peak | -4.55% | -4.56% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -23.21% | -3.99% | -19.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 2.71% | +0.70% |
Volatility
PDBC vs. PIT - Volatility Comparison
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) and VanEck Commodity Strategy ETF (PIT) have volatilities of 6.20% and 6.08%, 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.
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Volatility by Period
| PDBC | PIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.20% | 6.08% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 15.78% | 19.02% | -3.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.61% | 21.30% | -2.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.12% | 17.47% | +1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.78% | 17.47% | +0.31% |
PDBC vs. PIT - Expense Ratio Comparison
PDBC has a 0.58% expense ratio, which is higher than PIT's 0.55% expense ratio.
Dividends
PDBC vs. PIT - Dividend Comparison
PDBC's dividend yield for the trailing twelve months is around 2.82%, less than PIT's 6.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PIT VanEck Commodity Strategy ETF | 6.31% | 8.92% | 3.59% | 6.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, PDBC and PIT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
PDBC has higher volatility (6.20%) compared to PIT (6.08%). In terms of maximum drawdown, PDBC dropped -49.52% vs PIT's -12.27%.
On 3-year performance, PIT leads with 24.30% vs 14.42% for PDBC. On fees, PIT is cheaper at 0.55% per year. On volatility, PIT has been the lower-risk option at 6.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, PIT has performed better with a 24.30% return vs 14.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PIT is cheaper with a 0.55% expense ratio, compared with 0.58% for PDBC.
PIT has the higher dividend yield at 6.31%, compared with 2.82% for PDBC.
They also come from different issuers: Invesco and VanEck. Their fees differ too: 0.58% for PDBC and 0.55% for PIT.
PIT currently has the higher Sharpe Ratio (2.97 vs 2.46), 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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