RDVI vs. PDBC
RDVI (FT Cboe Vest Rising Dividend Achievers Target Income ETF) and PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) are both exchange-traded funds - RDVI is a Derivative Income fund tracking the NASDAQ US Rising Dividend Achievers, while PDBC is a Commodities fund actively managed by Invesco. RDVI is passively managed, while PDBC is actively managed. Over the past 3 years, RDVI returned 20.19%/yr vs 10.03%/yr for PDBC. At a 0.18 correlation, their price movements are largely independent. RDVI charges 0.75%/yr vs 0.58%/yr for PDBC.
Performance
RDVI vs. PDBC - Performance Comparison
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Returns By Period
In the year-to-date period, RDVI achieves a 13.37% return, which is significantly lower than PDBC's 22.11% return.
RDVI
- 1D
- -1.27%
- 1M
- 4.66%
- YTD
- 13.37%
- 6M
- 11.88%
- 1Y
- 28.37%
- 3Y*
- 20.19%
- 5Y*
- —
- 10Y*
- —
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%
RDVI vs. PDBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RDVI FT Cboe Vest Rising Dividend Achievers Target Income ETF | 13.37% | 17.93% | 14.56% | 18.63% | 8.29% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 22.11% | 5.96% | 2.09% | -6.25% | -0.15% |
Correlation
The correlation between RDVI and PDBC is -0.14, 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 | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2022 | 0.18 |
The correlation between RDVI and PDBC shifts across timeframes, from -0.14 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RDVI vs. PDBC — Risk / Return Rank
RDVI
PDBC
RDVI vs. PDBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) 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.
| RDVI | PDBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.24 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | 1.76 | +1.60 |
| Martin ratioReturn relative to average drawdown | 14.17 | 7.71 | +6.46 |
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Drawdowns
RDVI vs. PDBC - Drawdown Comparison
The maximum RDVI drawdown since its inception was -18.35%, smaller than the maximum PDBC drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for RDVI and PDBC.
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Drawdown Indicators
| RDVI | PDBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.35% | -49.52% | +31.17% |
Max Drawdown (1Y)Largest decline over 1 year | -8.48% | -14.44% | +5.96% |
Max Drawdown (3Y)Largest decline over 3 years | -18.35% | -14.44% | -3.91% |
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 | -1.27% | -14.44% | +13.17% |
Average DrawdownAverage peak-to-trough decline | -3.14% | -23.14% | +20.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 3.31% | -1.30% |
Volatility
RDVI vs. PDBC - Volatility Comparison
FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) has a higher volatility of 4.92% compared to Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) at 4.42%. This indicates that RDVI's price experiences larger fluctuations and is considered to be riskier 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
| RDVI | PDBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 4.42% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 11.11% | 16.20% | -5.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.82% | 18.73% | -4.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.95% | 19.15% | -2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.95% | 17.77% | -0.82% |
RDVI vs. PDBC - Expense Ratio Comparison
RDVI has a 0.75% expense ratio, which is higher than PDBC's 0.58% expense ratio.
Dividends
RDVI vs. PDBC - Dividend Comparison
RDVI's dividend yield for the trailing twelve months is around 7.66%, more than PDBC's 3.14% 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% |
RDVI FT Cboe Vest Rising Dividend Achievers Target Income ETF | 7.66% | 8.10% | 8.62% | 8.45% | 1.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RDVI and PDBC have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RDVI has higher volatility (4.92%) compared to PDBC (4.42%). In terms of maximum drawdown, RDVI dropped -18.35% vs PDBC's -49.52%.
On 3-year performance, RDVI leads with 20.19% vs 10.03% for PDBC. On fees, PDBC is cheaper at 0.58% per year. On volatility, PDBC has been the lower-risk option at 4.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, RDVI has performed better with a 20.19% return vs 10.03%. 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 RDVI.
RDVI has the higher dividend yield at 7.66%, compared with 3.14% for PDBC.
RDVI is categorized as Derivative Income, while PDBC is Commodities. They also come from different issuers: FT Vest and Invesco. Their fees differ too: 0.75% for RDVI and 0.58% for PDBC.
RDVI currently has the higher Sharpe Ratio (2.07 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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