TDSC vs. PDBC
TDSC (Cabana Target Drawdown 10 ETF) and PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) are both exchange-traded funds - TDSC 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, TDSC returned 2.67%/yr vs 9.92%/yr for PDBC. At a 0.19 correlation, their price movements are largely independent. TDSC charges 0.69%/yr vs 0.58%/yr for PDBC.
Performance
TDSC vs. PDBC - Performance Comparison
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Returns By Period
In the year-to-date period, TDSC achieves a 8.99% return, which is significantly lower than PDBC's 22.11% return.
TDSC
- 1D
- -0.84%
- 1M
- -1.31%
- YTD
- 8.99%
- 6M
- 8.11%
- 1Y
- 16.68%
- 3Y*
- 10.55%
- 5Y*
- 2.67%
- 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%
TDSC vs. PDBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TDSC Cabana Target Drawdown 10 ETF | 8.99% | 6.56% | 7.10% | 7.63% | -19.67% | 14.81% | -0.50% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 22.11% | 5.96% | 2.09% | -6.25% | 19.23% | 41.72% | 10.19% |
Correlation
The correlation between TDSC and PDBC is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | 0.19 |
The correlation between TDSC and PDBC shifts across timeframes, from 0.07 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TDSC vs. PDBC — Risk / Return Rank
TDSC
PDBC
TDSC vs. PDBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cabana Target Drawdown 10 ETF (TDSC) 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.
| TDSC | PDBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.24 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 1.76 | +1.38 |
| Martin ratioReturn relative to average drawdown | 11.61 | 7.71 | +3.90 |
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Drawdowns
TDSC vs. PDBC - Drawdown Comparison
The maximum TDSC drawdown since its inception was -21.51%, smaller than the maximum PDBC drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for TDSC and PDBC.
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Drawdown Indicators
| TDSC | PDBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.51% | -49.52% | +28.01% |
Max Drawdown (1Y)Largest decline over 1 year | -5.35% | -14.44% | +9.09% |
Max Drawdown (3Y)Largest decline over 3 years | -14.24% | -14.44% | +0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -21.51% | -27.63% | +6.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.73% | — |
Current DrawdownCurrent decline from peak | -2.47% | -14.44% | +11.97% |
Average DrawdownAverage peak-to-trough decline | -9.31% | -23.14% | +13.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 3.31% | -1.87% |
Volatility
TDSC vs. PDBC - Volatility Comparison
The current volatility for Cabana Target Drawdown 10 ETF (TDSC) is 3.67%, while Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a volatility of 4.42%. This indicates that TDSC 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
| TDSC | PDBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.67% | 4.42% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 7.31% | 16.20% | -8.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.42% | 18.73% | -9.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.38% | 19.15% | -8.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.27% | 17.77% | -7.50% |
TDSC vs. PDBC - Expense Ratio Comparison
TDSC has a 0.69% expense ratio, which is higher than PDBC's 0.58% expense ratio.
Dividends
TDSC vs. PDBC - Dividend Comparison
TDSC's dividend yield for the trailing twelve months is around 2.05%, less 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% |
TDSC Cabana Target Drawdown 10 ETF | 2.05% | 2.92% | 2.06% | 2.06% | 1.76% | 1.11% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TDSC and PDBC have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDBC has higher volatility (4.42%) compared to TDSC (3.67%). In terms of maximum drawdown, TDSC dropped -21.51% vs PDBC's -49.52%.
On 5-year performance, PDBC leads with 9.92% vs 2.67% for TDSC. On fees, PDBC is cheaper at 0.58% per year. On volatility, TDSC has been the lower-risk option at 3.67%. 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 9.92% return vs 2.67%. 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 TDSC.
PDBC has the higher dividend yield at 3.14%, compared with 2.05% for TDSC.
TDSC 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 TDSC and 0.58% for PDBC.
TDSC currently has the higher Sharpe Ratio (1.78 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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