PDBC vs. SDCI
PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) and SDCI (USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund) are both Commodities funds. PDBC is actively managed, while SDCI is passively managed. Over the past 5 years, PDBC returned 9.92%/yr vs 19.28%/yr for SDCI. A 0.79 correlation means they provide meaningful diversification when combined. PDBC charges 0.58%/yr vs 0.60%/yr for SDCI.
Performance
PDBC vs. SDCI - Performance Comparison
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Returns By Period
In the year-to-date period, PDBC achieves a 22.11% return, which is significantly higher than SDCI's 19.77% return.
PDBC
- 1D
- -1.10%
- 1M
- -11.10%
- YTD
- 22.11%
- 6M
- 20.75%
- 1Y
- 25.24%
- 3Y*
- 10.03%
- 5Y*
- 9.92%
- 10Y*
- 7.59%
SDCI
- 1D
- -0.43%
- 1M
- -7.26%
- YTD
- 19.77%
- 6M
- 17.11%
- 1Y
- 25.06%
- 3Y*
- 20.23%
- 5Y*
- 19.28%
- 10Y*
- —
PDBC vs. SDCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 22.11% | 5.96% | 2.09% | -6.25% | 19.23% | 41.72% | -7.84% | 11.44% | -16.74% |
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | 19.77% | 17.60% | 17.91% | -0.88% | 33.23% | 36.52% | -10.61% | -2.36% | -13.91% |
Correlation
The correlation between PDBC and SDCI is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since May 3, 2018 | 0.79 |
The correlation between PDBC and SDCI shifts across timeframes, from 0.79 (all time) to 0.90 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PDBC vs. SDCI — Risk / Return Rank
PDBC
SDCI
PDBC vs. SDCI - 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 USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI). 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 | SDCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.26 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 2.54 | -0.78 |
| Martin ratioReturn relative to average drawdown | 7.71 | 8.69 | -0.99 |
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Drawdowns
PDBC vs. SDCI - Drawdown Comparison
The maximum PDBC drawdown since its inception was -49.52%, which is greater than SDCI's maximum drawdown of -45.79%. Use the drawdown chart below to compare losses from any high point for PDBC and SDCI.
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Drawdown Indicators
| PDBC | SDCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.52% | -45.79% | -3.73% |
Max Drawdown (1Y)Largest decline over 1 year | -14.44% | -9.92% | -4.52% |
Max Drawdown (3Y)Largest decline over 3 years | -14.44% | -11.96% | -2.48% |
Max Drawdown (5Y)Largest decline over 5 years | -27.63% | -18.55% | -9.08% |
Max Drawdown (10Y)Largest decline over 10 years | -40.73% | — | — |
Current DrawdownCurrent decline from peak | -14.44% | -9.92% | -4.52% |
Average DrawdownAverage peak-to-trough decline | -23.14% | -11.55% | -11.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 2.90% | +0.41% |
Volatility
PDBC vs. SDCI - Volatility Comparison
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a higher volatility of 4.42% compared to USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) at 3.14%. This indicates that PDBC's price experiences larger fluctuations and is considered to be riskier than SDCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDBC | SDCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 3.14% | +1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 16.20% | 14.30% | +1.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.73% | 16.91% | +1.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.15% | 18.37% | +0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.77% | 17.05% | +0.72% |
PDBC vs. SDCI - Expense Ratio Comparison
PDBC has a 0.58% expense ratio, which is lower than SDCI's 0.60% expense ratio.
Dividends
PDBC vs. SDCI - Dividend Comparison
PDBC's dividend yield for the trailing twelve months is around 3.14%, more than SDCI's 3.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 3.14% | 3.84% | 4.42% | 4.21% | 13.05% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.51% |
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | 3.07% | 3.68% | 5.92% | 3.46% | 33.49% | 19.26% | 0.20% | 0.93% | 0.68% | 0.00% | 0.00% |
Frequently Asked Questions
PDBC and SDCI have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDBC has higher volatility (4.42%) compared to SDCI (3.14%). In terms of maximum drawdown, PDBC dropped -49.52% vs SDCI's -45.79%.
On 5-year performance, SDCI leads with 19.28% vs 9.92% for PDBC. On fees, PDBC is cheaper at 0.58% per year. On volatility, SDCI has been the lower-risk option at 3.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SDCI has performed better with a 19.28% return vs 9.92%. 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 0.60% for SDCI.
PDBC has the higher dividend yield at 3.14%, compared with 3.07% for SDCI.
They also come from different issuers: Invesco and USCF Investments. Their fees differ too: 0.58% for PDBC and 0.60% for SDCI.
SDCI currently has the higher Sharpe Ratio (1.51 vs 1.38), 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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