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PDBC vs. SCHD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PDBC vs. SCHD

Last updated Jun 4, 2026

PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - PDBC is a Commodities fund actively managed by Invesco, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. PDBC is actively managed, while SCHD is passively managed. Over the past 10 years, PDBC returned 8.79%/yr vs 12.77%/yr for SCHD. At a 0.28 correlation, their price movements are largely independent. PDBC charges 0.58%/yr vs 0.06%/yr for SCHD.

Performance

PDBC vs. SCHD - 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 Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PDBC achieves a 36.23% return, which is significantly higher than SCHD's 19.01% return. Over the past 10 years, PDBC has underperformed SCHD with an annualized return of 8.79%, while SCHD has yielded a comparatively higher 12.77% annualized 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%

SCHD

1D
0.00%
1M
2.70%
YTD
19.01%
6M
18.63%
1Y
27.16%
3Y*
15.09%
5Y*
8.36%
10Y*
12.77%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PDBC vs. SCHD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%5.06%
SCHD
Schwab U.S. Dividend Equity ETF		19.01%4.34%11.66%4.54%-3.26%29.87%15.03%27.29%-5.56%20.85%

Correlation

The correlation between PDBC and SCHD is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.09

Correlation (3Y)
Calculated over the trailing 3-year period

0.14

Correlation (5Y)
Calculated over the trailing 5-year period

0.24

Correlation (10Y)
Calculated over the trailing 10-year period

0.27

Correlation (All Time)
Calculated using the full available price history since Nov 10, 2014

0.28

The correlation between PDBC and SCHD shifts across timeframes, from 0.09 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

Schwab U.S. Dividend Equity ETF

Often compared with PDBC:
PDBC vs. DBCPDBC vs. BCIPDBC vs. COMTPDBC vs. GSGPDBC vs. FTGCPDBC vs. DJPPDBC vs. BCD
Often compared with SCHD:
SCHD vs. VOOSCHD vs. VYMSCHD vs. SPYSCHD vs. SCHGSCHD vs. JEPISCHD vs. FDVVSCHD vs. VIG

Return for Risk

PDBC vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PDBC
PDBC Risk / Return Rank: 7474
Overall Rank
PDBC Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
PDBC Sortino Ratio Rank: 6767
Sortino Ratio Rank
PDBC Omega Ratio Rank: 7070
Omega Ratio Rank
PDBC Calmar Ratio Rank: 9292
Calmar Ratio Rank
PDBC Martin Ratio Rank: 7070
Martin Ratio Rank
SCHD
SCHD Risk / Return Rank: 8080
Overall Rank
SCHD Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
SCHD Sortino Ratio Rank: 8484
Sortino Ratio Rank
SCHD Omega Ratio Rank: 7373
Omega Ratio Rank
SCHD Calmar Ratio Rank: 9191
Calmar Ratio Rank
SCHD Martin Ratio Rank: 7575
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PDBC vs. SCHD - 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 Schwab U.S. Dividend Equity ETF (SCHD). 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.

PDBCSCHDDifference
Sharpe ratioReturn per unit of total volatility
2.46
2.49

-0.04

Sortino ratioReturn per unit of downside risk
3.14
3.87

-0.73

Omega ratioGain probability vs. loss probability

1.43

1.45

-0.02

Calmar ratioReturn relative to maximum drawdown

6.35

5.91

+0.44

Martin ratioReturn relative to average drawdown

13.39

14.53

-1.14

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PDBC vs. SCHD - Sharpe Ratio Comparison

The current PDBC Sharpe Ratio is 2.46, which is comparable to the SCHD Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of PDBC and SCHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

PDBCSCHDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.46

2.49

-0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.65

0.58

+0.07

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.50

0.77

-0.27

Sharpe Ratio (All Time)

Calculated using the full available price history

0.23

0.86

-0.63

Drawdowns

PDBC vs. SCHD - Drawdown Comparison

The maximum PDBC drawdown since its inception was -49.52%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for PDBC and SCHD.

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Drawdown Indicators

PDBCSCHDDifference

Max Drawdown

Largest peak-to-trough decline

-49.52%

-33.37%

-16.15%

Max Drawdown (1Y)

Largest decline over 1 year

-7.19%

-4.61%

-2.58%

Max Drawdown (3Y)

Largest decline over 3 years

-13.95%

-16.13%

+2.18%

Max Drawdown (5Y)

Largest decline over 5 years

-27.63%

-16.85%

-10.78%

Max Drawdown (10Y)

Largest decline over 10 years

-40.73%

-33.37%

-7.36%

Current Drawdown

Current decline from peak

-4.55%

-1.40%

-3.15%

Average Drawdown

Average peak-to-trough decline

-23.21%

-3.32%

-19.89%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.41%

1.88%

+1.53%

Volatility

PDBC vs. SCHD - Volatility Comparison

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a higher volatility of 6.20% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.66%. This indicates that PDBC's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PDBCSCHDDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.20%

2.66%

+3.54%

Volatility (6M)

Calculated over the trailing 6-month period

15.78%

7.66%

+8.12%

Volatility (1Y)

Calculated over the trailing 1-year period

18.61%

10.96%

+7.65%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.12%

14.38%

+4.74%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.78%

16.72%

+1.06%

PDBC vs. SCHD - Expense Ratio Comparison

PDBC has a 0.58% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

PDBC vs. SCHD - Dividend Comparison

PDBC's dividend yield for the trailing twelve months is around 2.82%, less than SCHD's 3.26% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%
SCHD
Schwab U.S. Dividend Equity ETF		3.26%3.82%3.64%3.49%3.39%2.78%3.16%2.98%3.06%2.63%2.89%2.97%

Frequently Asked Questions

PDBC and SCHD have a correlation of 0.09, 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 SCHD (2.66%). In terms of maximum drawdown, PDBC dropped -49.52% vs SCHD's -33.37%.

On 10-year performance, SCHD leads with 12.77% vs 8.79% for PDBC. On fees, SCHD is cheaper at 0.06% per year. On volatility, SCHD has been the lower-risk option at 2.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SCHD has performed better with a 12.77% return vs 8.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SCHD is cheaper with a 0.06% expense ratio, compared with 0.58% for PDBC.

SCHD has the higher dividend yield at 3.26%, compared with 2.82% for PDBC.

PDBC is categorized as Commodities, while SCHD is Dividend. They also come from different issuers: Invesco and Charles Schwab. Their fees differ too: 0.58% for PDBC and 0.06% for SCHD.

SCHD currently has the higher Sharpe Ratio (2.49 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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