PDBC vs. ZSB
PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) and ZSB (USCF Sustainable Battery Metals Strategy Fund) are both exchange-traded funds - PDBC is a Commodities fund actively managed by Invesco, while ZSB is a Lithium & Battery Metals fund tracking the S&P GSCI Electric Vehicle Meals Index. PDBC is actively managed, while ZSB is passively managed. Over the past 3 years, PDBC returned 10.42%/yr vs -0.38%/yr for ZSB. At a 0.26 correlation, their price movements are largely independent. PDBC charges 0.58%/yr vs 0.59%/yr for ZSB.
Performance
PDBC vs. ZSB - Performance Comparison
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Returns By Period
In the year-to-date period, PDBC achieves a 27.55% return, which is significantly higher than ZSB's 3.60% return.
PDBC
- 1D
- 2.80%
- 1M
- -0.94%
- 6M
- 22.82%
- YTD
- 27.55%
- 1Y
- 30.72%
- 3Y*
- 10.42%
- 5Y*
- 10.81%
- 10Y*
- 8.14%
ZSB
- 1D
- -0.34%
- 1M
- -4.69%
- 6M
- -9.42%
- YTD
- 3.60%
- 1Y
- 54.79%
- 3Y*
- -0.38%
- 5Y*
- —
- 10Y*
- —
PDBC vs. ZSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 27.55% | 5.96% | 2.09% | -3.50% |
ZSB USCF Sustainable Battery Metals Strategy Fund | 3.60% | 64.34% | -19.70% | -31.38% |
Correlation
The correlation between PDBC and ZSB is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2023 | 0.26 |
The correlation between PDBC and ZSB shifts across timeframes, from 0.15 (1 year) to 0.27 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
PDBC vs. ZSB — Risk / Return Rank
PDBC
ZSB
PDBC vs. ZSB - 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 Sustainable Battery Metals Strategy Fund (ZSB). 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 | ZSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.39 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 3.29 | -1.42 |
| Martin ratioReturn relative to average drawdown | 6.57 | 7.93 | -1.35 |
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Drawdowns
PDBC vs. ZSB - Drawdown Comparison
The maximum PDBC drawdown since its inception was -49.52%, roughly equal to the maximum ZSB drawdown of -49.26%. Use the drawdown chart below to compare losses from any high point for PDBC and ZSB.
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Drawdown Indicators
| PDBC | ZSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.52% | -49.26% | -0.26% |
Max Drawdown (1Y)Largest decline over 1 year | -16.55% | -16.75% | +0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -43.22% | +26.67% |
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 | -10.63% | -12.65% | +2.02% |
Average DrawdownAverage peak-to-trough decline | -23.11% | -30.33% | +7.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.69% | 6.93% | -2.24% |
Volatility
PDBC vs. ZSB - Volatility Comparison
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a higher volatility of 6.25% compared to USCF Sustainable Battery Metals Strategy Fund (ZSB) at 5.24%. This indicates that PDBC's price experiences larger fluctuations and is considered to be riskier than ZSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDBC | ZSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.25% | 5.24% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 16.77% | 21.63% | -4.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.90% | 26.62% | -7.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.24% | 19.57% | -0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.76% | 19.57% | -1.81% |
PDBC vs. ZSB - Expense Ratio Comparison
PDBC has a 0.58% expense ratio, which is lower than ZSB's 0.59% expense ratio.
Dividends
PDBC vs. ZSB - Dividend Comparison
PDBC's dividend yield for the trailing twelve months is around 3.01%, more than ZSB's 0.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 3.01% | 3.84% | 4.42% | 4.21% | 13.05% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.51% |
ZSB USCF Sustainable Battery Metals Strategy Fund | 0.89% | 0.92% | 2.96% | 3.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PDBC and ZSB have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDBC has higher volatility (6.25%) compared to ZSB (5.24%). In terms of maximum drawdown, PDBC dropped -49.52% vs ZSB's -49.26%.
On 3-year performance, PDBC leads with 10.42% vs -0.38% for ZSB. On fees, PDBC is cheaper at 0.58% per year. On volatility, ZSB has been the lower-risk option at 5.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, PDBC has performed better with a 10.42% return vs -0.38%. 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 0.59% for ZSB.
PDBC has the higher dividend yield at 3.01%, compared with 0.89% for ZSB.
PDBC is categorized as Commodities, while ZSB is Lithium & Battery Metals. They also come from different issuers: Invesco and USCF. Their fees differ too: 0.58% for PDBC and 0.59% for ZSB.
ZSB currently has the higher Sharpe Ratio (2.07 vs 1.64), 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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