PSCX vs. PDBC
PSCX (Pacer Swan SOS Conservative (December) ETF) and PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) are both exchange-traded funds - PSCX is a Defined Outcome fund actively managed by Pacer, while PDBC is a Commodities fund actively managed by Invesco. Both are actively managed. Over the past 5 years, PSCX returned 8.42%/yr vs 10.22%/yr for PDBC. At a 0.10 correlation, their price movements are largely independent. PSCX charges 0.75%/yr vs 0.58%/yr for PDBC.
Performance
PSCX vs. PDBC - Performance Comparison
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Returns By Period
In the year-to-date period, PSCX achieves a 5.83% return, which is significantly lower than PDBC's 24.08% return.
PSCX
- 1D
- 0.18%
- 1M
- 1.24%
- 6M
- 4.94%
- YTD
- 5.83%
- 1Y
- 13.14%
- 3Y*
- 12.34%
- 5Y*
- 8.42%
- 10Y*
- —
PDBC
- 1D
- 0.12%
- 1M
- -3.63%
- 6M
- 21.24%
- YTD
- 24.08%
- 1Y
- 27.16%
- 3Y*
- 9.96%
- 5Y*
- 10.22%
- 10Y*
- 7.69%
PSCX vs. PDBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PSCX Pacer Swan SOS Conservative (December) ETF | 5.83% | 12.08% | 13.27% | 16.57% | -7.35% | 9.03% | 0.43% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 24.08% | 5.96% | 2.09% | -6.25% | 19.23% | 41.72% | 2.07% |
Correlation
The correlation between PSCX and PDBC is -0.15, 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 | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Dec 23, 2020 | 0.10 |
The correlation between PSCX and PDBC shifts across timeframes, from -0.15 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PSCX vs. PDBC — Risk / Return Rank
PSCX
PDBC
PSCX vs. PDBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Swan SOS Conservative (December) ETF (PSCX) 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.
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.
| PSCX | PDBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.27 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 1.75 | +1.34 |
| Martin ratioReturn relative to average drawdown | 15.47 | 6.25 | +9.23 |
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Drawdowns
PSCX vs. PDBC - Drawdown Comparison
The maximum PSCX drawdown since its inception was -10.20%, smaller than the maximum PDBC drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for PSCX and PDBC.
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Drawdown Indicators
| PSCX | PDBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.20% | -49.52% | +39.32% |
Max Drawdown (1Y)Largest decline over 1 year | -4.20% | -16.55% | +12.35% |
Max Drawdown (3Y)Largest decline over 3 years | -9.61% | -16.55% | +6.94% |
Max Drawdown (5Y)Largest decline over 5 years | -10.20% | -27.63% | +17.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.73% | — |
Current DrawdownCurrent decline from peak | 0.00% | -13.06% | +13.06% |
Average DrawdownAverage peak-to-trough decline | -1.84% | -23.11% | +21.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 4.64% | -3.80% |
Volatility
PSCX vs. PDBC - Volatility Comparison
The current volatility for Pacer Swan SOS Conservative (December) ETF (PSCX) is 1.74%, while Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a volatility of 5.48%. This indicates that PSCX 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
| PSCX | PDBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.74% | 5.48% | -3.74% |
Volatility (6M)Calculated over the trailing 6-month period | 4.60% | 16.59% | -11.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.60% | 18.72% | -13.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.12% | 19.19% | -12.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.95% | 17.75% | -10.80% |
PSCX vs. PDBC - Expense Ratio Comparison
PSCX has a 0.75% expense ratio, which is higher than PDBC's 0.58% expense ratio.
Dividends
PSCX vs. PDBC - Dividend Comparison
PSCX has not paid dividends to shareholders, while PDBC's dividend yield for the trailing twelve months is around 3.09%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 3.09% | 3.84% | 4.42% | 4.21% | 13.05% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.51% |
PSCX Pacer Swan SOS Conservative (December) ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PSCX and PDBC 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 (5.48%) compared to PSCX (1.74%). In terms of maximum drawdown, PSCX dropped -10.20% vs PDBC's -49.52%.
On 5-year performance, PDBC leads with 10.22% vs 8.42% for PSCX. On fees, PDBC is cheaper at 0.58% per year. On volatility, PSCX has been the lower-risk option at 1.74%. 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 10.22% return vs 8.42%. 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 0.75% for PSCX.
PDBC has the higher dividend yield at 3.09%, compared with 0.00% for PSCX.
PSCX is categorized as Defined Outcome, while PDBC is Commodities. They also come from different issuers: Pacer and Invesco. Their fees differ too: 0.75% for PSCX and 0.58% for PDBC.
PSCX currently has the higher Sharpe Ratio (2.33 vs 1.55), 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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