SCHB vs. PDBC
SCHB (Schwab U.S. Broad Market ETF) and PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) are both exchange-traded funds - SCHB is a Large Cap Blend Equities fund tracking the Dow Jones U.S. Broad Stock Market Index, while PDBC is a Commodities fund actively managed by Invesco. SCHB is passively managed, while PDBC is actively managed. Over the past 10 years, SCHB returned 14.92%/yr vs 8.06%/yr for PDBC. At a 0.26 correlation, their price movements are largely independent. SCHB charges 0.03%/yr vs 0.58%/yr for PDBC.
Performance
SCHB vs. PDBC - Performance Comparison
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Returns By Period
In the year-to-date period, SCHB achieves a 9.14% return, which is significantly lower than PDBC's 30.11% return. Over the past 10 years, SCHB has outperformed PDBC with an annualized return of 14.92%, while PDBC has yielded a comparatively lower 8.06% annualized return.
SCHB
- 1D
- 1.86%
- 1M
- 0.49%
- YTD
- 9.14%
- 6M
- 7.99%
- 1Y
- 24.46%
- 3Y*
- 20.72%
- 5Y*
- 12.15%
- 10Y*
- 14.92%
PDBC
- 1D
- -1.09%
- 1M
- -8.83%
- YTD
- 30.11%
- 6M
- 30.06%
- 1Y
- 36.08%
- 3Y*
- 13.30%
- 5Y*
- 11.21%
- 10Y*
- 8.06%
SCHB vs. PDBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHB Schwab U.S. Broad Market ETF | 9.14% | 16.94% | 23.93% | 26.16% | -19.46% | 25.84% | 20.76% | 30.79% | -5.43% | 21.20% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 30.11% | 5.96% | 2.09% | -6.25% | 19.23% | 41.72% | -7.84% | 11.44% | -12.78% | 5.06% |
Correlation
The correlation between SCHB and PDBC is -0.16, 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 | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2014 | 0.26 |
The correlation between SCHB and PDBC shifts across timeframes, from -0.16 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SCHB vs. PDBC — Risk / Return Rank
SCHB
PDBC
SCHB vs. PDBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Broad Market ETF (SCHB) 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.
| SCHB | PDBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.34 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 4.11 | -1.35 |
| Martin ratioReturn relative to average drawdown | 12.33 | 10.05 | +2.28 |
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Drawdowns
SCHB vs. PDBC - Drawdown Comparison
The maximum SCHB drawdown since its inception was -35.27%, smaller than the maximum PDBC drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for SCHB and PDBC.
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Drawdown Indicators
| SCHB | PDBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.27% | -49.52% | +14.25% |
Max Drawdown (1Y)Largest decline over 1 year | -8.91% | -8.83% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -19.34% | -13.95% | -5.39% |
Max Drawdown (5Y)Largest decline over 5 years | -25.41% | -27.63% | +2.22% |
Max Drawdown (10Y)Largest decline over 10 years | -35.27% | -40.73% | +5.46% |
Current DrawdownCurrent decline from peak | -2.63% | -8.83% | +6.20% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -23.17% | +19.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 3.60% | -1.61% |
Volatility
SCHB vs. PDBC - Volatility Comparison
The current volatility for Schwab U.S. Broad Market ETF (SCHB) is 4.60%, while Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a volatility of 4.92%. This indicates that SCHB 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
| SCHB | PDBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.60% | 4.92% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 9.87% | 16.08% | -6.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.63% | 18.88% | -6.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.32% | 19.16% | -1.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.35% | 17.78% | +0.57% |
SCHB vs. PDBC - Expense Ratio Comparison
SCHB has a 0.03% expense ratio, which is lower than PDBC's 0.58% expense ratio.
Dividends
SCHB vs. PDBC - Dividend Comparison
SCHB's dividend yield for the trailing twelve months is around 1.04%, less than PDBC's 2.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 2.95% | 3.84% | 4.42% | 4.21% | 13.05% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.51% | 0.00% |
SCHB Schwab U.S. Broad Market ETF | 1.04% | 1.11% | 1.24% | 1.40% | 1.61% | 1.21% | 1.63% | 1.80% | 2.00% | 1.65% | 1.86% | 2.00% |
Frequently Asked Questions
SCHB and PDBC have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDBC has higher volatility (4.92%) compared to SCHB (4.60%). In terms of maximum drawdown, SCHB dropped -35.27% vs PDBC's -49.52%.
On 10-year performance, SCHB leads with 14.92% vs 8.06% for PDBC. On fees, SCHB is cheaper at 0.03% per year. On volatility, SCHB has been the lower-risk option at 4.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SCHB has performed better with a 14.92% return vs 8.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHB is cheaper with a 0.03% expense ratio, compared with 0.58% for PDBC.
PDBC has the higher dividend yield at 2.95%, compared with 1.04% for SCHB.
SCHB is categorized as Large Cap Blend Equities, while PDBC is Commodities. They also come from different issuers: Charles Schwab and Invesco. Their fees differ too: 0.03% for SCHB and 0.58% for PDBC.
SCHB currently has the higher Sharpe Ratio (1.95 vs 1.93), 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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