TDSB vs. PDBC
TDSB (Cabana Target Drawdown 7 ETF) and PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) are both exchange-traded funds - TDSB is a Tactical Allocation fund actively managed by Exchange Traded Concepts, while PDBC is a Commodities fund actively managed by Invesco. Both are actively managed. Over the past 5 years, TDSB returned 2.16%/yr vs 12.39%/yr for PDBC. At a 0.16 correlation, their price movements are largely independent. TDSB charges 0.69%/yr vs 0.58%/yr for PDBC.
Performance
TDSB vs. PDBC - Performance Comparison
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Returns By Period
In the year-to-date period, TDSB achieves a 4.54% return, which is significantly lower than PDBC's 36.23% return.
TDSB
- 1D
- -0.16%
- 1M
- 0.64%
- YTD
- 4.54%
- 6M
- 4.50%
- 1Y
- 14.83%
- 3Y*
- 8.77%
- 5Y*
- 2.16%
- 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%
TDSB vs. PDBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TDSB Cabana Target Drawdown 7 ETF | 4.54% | 12.95% | 3.56% | 4.71% | -16.83% | 8.44% | -1.17% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 36.23% | 5.96% | 2.09% | -6.25% | 19.23% | 41.72% | 9.01% |
Correlation
The correlation between TDSB and PDBC is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2020 | 0.16 |
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Return for Risk
TDSB vs. PDBC — Risk / Return Rank
TDSB
PDBC
TDSB vs. PDBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cabana Target Drawdown 7 ETF (TDSB) 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.
| TDSB | PDBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.43 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | 6.35 | -3.14 |
| Martin ratioReturn relative to average drawdown | 12.74 | 13.39 | -0.64 |
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
| TDSB | PDBC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 2.46 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.65 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.23 | +0.08 |
Drawdowns
TDSB vs. PDBC - Drawdown Comparison
The maximum TDSB drawdown since its inception was -19.56%, smaller than the maximum PDBC drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for TDSB and PDBC.
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Drawdown Indicators
| TDSB | PDBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.56% | -49.52% | +29.96% |
Max Drawdown (1Y)Largest decline over 1 year | -4.64% | -7.19% | +2.55% |
Max Drawdown (3Y)Largest decline over 3 years | -6.84% | -13.95% | +7.11% |
Max Drawdown (5Y)Largest decline over 5 years | -19.56% | -27.63% | +8.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.73% | — |
Current DrawdownCurrent decline from peak | -0.90% | -4.55% | +3.65% |
Average DrawdownAverage peak-to-trough decline | -9.12% | -23.21% | +14.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 3.41% | -2.24% |
Volatility
TDSB vs. PDBC - Volatility Comparison
The current volatility for Cabana Target Drawdown 7 ETF (TDSB) is 1.64%, while Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a volatility of 6.20%. This indicates that TDSB 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
| TDSB | PDBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.64% | 6.20% | -4.56% |
Volatility (6M)Calculated over the trailing 6-month period | 5.01% | 15.78% | -10.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.98% | 18.61% | -12.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.32% | 19.12% | -11.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.53% | 17.78% | -10.25% |
TDSB vs. PDBC - Expense Ratio Comparison
TDSB has a 0.69% expense ratio, which is higher than PDBC's 0.58% expense ratio.
Dividends
TDSB vs. PDBC - Dividend Comparison
TDSB's dividend yield for the trailing twelve months is around 2.13%, less than PDBC's 2.82% yield.
| 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% |
TDSB Cabana Target Drawdown 7 ETF | 2.13% | 1.93% | 3.50% | 2.77% | 1.81% | 1.75% | 0.46% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TDSB 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.
PDBC has higher volatility (6.20%) compared to TDSB (1.64%). In terms of maximum drawdown, TDSB dropped -19.56% vs PDBC's -49.52%.
On 5-year performance, PDBC leads with 12.39% vs 2.16% for TDSB. On fees, PDBC is cheaper at 0.58% per year. On volatility, TDSB has been the lower-risk option at 1.64%. 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 2.16%. 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 0.69% for TDSB.
PDBC has the higher dividend yield at 2.82%, compared with 2.13% for TDSB.
TDSB is categorized as Tactical Allocation, while PDBC is Commodities. They also come from different issuers: Exchange Traded Concepts and Invesco. Their fees differ too: 0.69% for TDSB and 0.58% for PDBC.
TDSB currently has the higher Sharpe Ratio (2.49 vs 2.46), 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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