PDBC vs. UBT
Compare and contrast key facts about Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) and ProShares Ultra 20+ Year Treasury (UBT).
PDBC and UBT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PDBC is an actively managed fund by Invesco. It was launched on Nov 7, 2014. UBT is a passively managed fund by ProShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Index (200%). It was launched on Jan 19, 2010.
Performance
PDBC vs. UBT - Performance Comparison
Loading graphics...
PDBC vs. UBT - 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 | 30.72% | 5.96% | 2.09% | -6.25% | 19.23% | 41.72% | -7.84% | 11.44% | -12.78% | 5.06% |
UBT ProShares Ultra 20+ Year Treasury | -1.06% | 2.03% | -21.81% | -3.68% | -55.54% | -12.14% | 31.87% | 24.46% | -6.54% | 16.12% |
Returns By Period
In the year-to-date period, PDBC achieves a 30.72% return, which is significantly higher than UBT's -1.06% return. Over the past 10 years, PDBC has outperformed UBT with an annualized return of 9.86%, while UBT has yielded a comparatively lower -7.69% annualized return.
PDBC
- 1D
- -1.03%
- 1M
- 16.09%
- YTD
- 30.72%
- 6M
- 33.97%
- 1Y
- 32.00%
- 3Y*
- 11.28%
- 5Y*
- 14.29%
- 10Y*
- 9.86%
UBT
- 1D
- -0.31%
- 1M
- -8.62%
- YTD
- -1.06%
- 6M
- -4.20%
- 1Y
- -6.78%
- 3Y*
- -12.29%
- 5Y*
- -17.12%
- 10Y*
- -7.69%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PDBC vs. UBT - Expense Ratio Comparison
PDBC has a 0.58% expense ratio, which is lower than UBT's 0.95% expense ratio.
Return for Risk
PDBC vs. UBT — Risk / Return Rank
PDBC
UBT
PDBC vs. UBT - 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 ProShares Ultra 20+ Year Treasury (UBT). 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 | UBT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.72 | -0.30 | +2.02 |
Sortino ratioReturn per unit of downside risk | 2.31 | -0.27 | +2.57 |
Omega ratioGain probability vs. loss probability | 1.31 | 0.97 | +0.34 |
Calmar ratioReturn relative to maximum drawdown | 3.04 | -0.28 | +3.32 |
Martin ratioReturn relative to average drawdown | 7.48 | -0.52 | +8.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PDBC | UBT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | -0.30 | +2.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | -0.55 | +1.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | -0.26 | +0.82 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.02 | +0.19 |
Correlation
The correlation between PDBC and UBT is -0.17. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
PDBC vs. UBT - Dividend Comparison
PDBC's dividend yield for the trailing twelve months is around 2.94%, less than UBT's 3.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 2.94% | 3.84% | 4.42% | 4.21% | 13.05% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.51% | 0.00% |
UBT ProShares Ultra 20+ Year Treasury | 3.93% | 4.26% | 4.50% | 3.54% | 0.30% | 0.00% | 0.26% | 1.50% | 1.55% | 1.37% | 0.75% | 1.56% |
Drawdowns
PDBC vs. UBT - Drawdown Comparison
The maximum PDBC drawdown since its inception was -49.52%, smaller than the maximum UBT drawdown of -78.90%. Use the drawdown chart below to compare losses from any high point for PDBC and UBT.
Loading graphics...
Drawdown Indicators
| PDBC | UBT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.52% | -78.90% | +29.38% |
Max Drawdown (1Y)Largest decline over 1 year | -11.07% | -18.64% | +7.57% |
Max Drawdown (5Y)Largest decline over 5 years | -27.63% | -72.49% | +44.86% |
Max Drawdown (10Y)Largest decline over 10 years | -40.73% | -78.90% | +38.17% |
Current DrawdownCurrent decline from peak | -1.03% | -76.27% | +75.24% |
Average DrawdownAverage peak-to-trough decline | -23.53% | -31.82% | +8.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.50% | 10.11% | -5.61% |
Volatility
PDBC vs. UBT - Volatility Comparison
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a higher volatility of 8.15% compared to ProShares Ultra 20+ Year Treasury (UBT) at 7.28%. This indicates that PDBC's price experiences larger fluctuations and is considered to be riskier than UBT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PDBC | UBT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.15% | 7.28% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 13.88% | 13.23% | +0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.72% | 22.59% | -3.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.92% | 31.38% | -12.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.69% | 29.38% | -11.69% |