PFUT vs. PDBC
PFUT (Putnam Sustainable Future ETF) and PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) are both exchange-traded funds - PFUT is a Sustainable fund actively managed by Power Corporation of Canada, while PDBC is a Commodities fund actively managed by Invesco. Both are actively managed. Over the past 5 years, PFUT returned 0.95%/yr vs 12.39%/yr for PDBC. At a 0.11 correlation, their price movements are largely independent. PFUT charges 0.64%/yr vs 0.58%/yr for PDBC.
Performance
PFUT vs. PDBC - Performance Comparison
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Returns By Period
In the year-to-date period, PFUT achieves a 4.40% return, which is significantly lower than PDBC's 36.23% return.
PFUT
- 1D
- -0.60%
- 1M
- 4.24%
- YTD
- 4.40%
- 6M
- 1.67%
- 1Y
- 6.81%
- 3Y*
- 12.28%
- 5Y*
- 0.95%
- 10Y*
- —
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%
PFUT vs. PDBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PFUT Putnam Sustainable Future ETF | 4.40% | 2.22% | 13.60% | 29.98% | -33.60% | 0.62% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 36.23% | 5.96% | 2.09% | -6.25% | 19.23% | 13.05% |
Correlation
The correlation between PFUT and PDBC is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since May 27, 2021 | 0.11 |
The correlation between PFUT and PDBC shifts across timeframes, from -0.19 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PFUT vs. PDBC — Risk / Return Rank
PFUT
PDBC
PFUT vs. PDBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Sustainable Future ETF (PFUT) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC). 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.
| PFUT | PDBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.03 | ||
| Sortino ratioReturn per unit of downside risk | -2.43 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.43 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 6.35 | -5.89 |
| Martin ratioReturn relative to average drawdown | 1.33 | 13.39 | -12.06 |
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
| PFUT | PDBC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.42 | 2.46 | -2.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.65 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.23 | -0.18 |
Drawdowns
PFUT vs. PDBC - Drawdown Comparison
The maximum PFUT drawdown since its inception was -44.86%, smaller than the maximum PDBC drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for PFUT and PDBC.
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Drawdown Indicators
| PFUT | PDBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.86% | -49.52% | +4.66% |
Max Drawdown (1Y)Largest decline over 1 year | -14.88% | -7.19% | -7.69% |
Max Drawdown (3Y)Largest decline over 3 years | -27.57% | -13.95% | -13.62% |
Max Drawdown (5Y)Largest decline over 5 years | -44.86% | -27.63% | -17.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.73% | — |
Current DrawdownCurrent decline from peak | -8.01% | -4.55% | -3.46% |
Average DrawdownAverage peak-to-trough decline | -21.11% | -23.21% | +2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.14% | 3.41% | +1.73% |
Volatility
PFUT vs. PDBC - Volatility Comparison
The current volatility for Putnam Sustainable Future ETF (PFUT) is 4.08%, while Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a volatility of 6.20%. This indicates that PFUT experiences smaller price fluctuations and is considered to be less risky than PDBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFUT | PDBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 6.20% | -2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 12.59% | 15.78% | -3.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.17% | 18.61% | -2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.75% | 19.12% | +2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.71% | 17.78% | +3.93% |
PFUT vs. PDBC - Expense Ratio Comparison
PFUT has a 0.64% expense ratio, which is higher than PDBC's 0.58% expense ratio.
Dividends
PFUT vs. PDBC - Dividend Comparison
PFUT has not paid dividends to shareholders, while PDBC's dividend yield for the trailing twelve months is around 2.82%.
| 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% |
PFUT Putnam Sustainable Future ETF | 0.00% | 0.00% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PFUT and PDBC have a correlation of -0.19, 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 PFUT (4.08%). In terms of maximum drawdown, PFUT dropped -44.86% vs PDBC's -49.52%.
On 5-year performance, PDBC leads with 12.39% vs 0.95% for PFUT. On fees, PDBC is cheaper at 0.58% per year. On volatility, PFUT has been the lower-risk option at 4.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PDBC has performed better with a 12.39% return vs 0.95%. 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 0.64% for PFUT.
PDBC has the higher dividend yield at 2.82%, compared with 0.00% for PFUT.
PFUT is categorized as Sustainable, while PDBC is Commodities. They also come from different issuers: Power Corporation of Canada and Invesco. Their fees differ too: 0.64% for PFUT and 0.58% for PDBC.
PDBC currently has the higher Sharpe Ratio (2.46 vs 0.42), 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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