TILL vs. PDBC

Last updated Jun 5, 2026

TILL (Teucrium Agricultural Strategy No K-1 ETF) and PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) are both Commodities funds. Both are actively managed. Over the past 3 years, TILL returned -5.74%/yr vs 14.06%/yr for PDBC. At a 0.43 correlation, their price movements are largely independent. TILL charges 0.89%/yr vs 0.58%/yr for PDBC.

Performance

TILL vs. PDBC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teucrium Agricultural Strategy No K-1 ETF (TILL) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TILL achieves a 5.10% return, which is significantly lower than PDBC's 34.72% return.

TILL

• 1D: -1.13%
• 1M: -6.31%
• YTD: 5.10%
• 6M: 3.12%
• 1Y: -1.33%
• 3Y*: -5.74%
• 5Y*: —
• 10Y*: —

PDBC

• 1D: -1.11%
• 1M: -3.98%
• YTD: 34.72%
• 6M: 34.37%
• 1Y: 44.52%
• 3Y*: 14.06%
• 5Y*: 12.14%
• 10Y*: 8.55%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TILL vs. PDBC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TILL Teucrium Agricultural Strategy No K-1 ETF	5.10%	-5.97%	-13.98%	-5.00%	-12.66%
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	34.72%	5.96%	2.09%	-6.25%	-12.27%

Correlation

The correlation between TILL and PDBC is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (All Time) Calculated using the full available price history since May 18, 2022	0.43

Return for Risk

TILL vs. PDBC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TILL

TILL Risk / Return Rank: 8
TILL Sharpe Ratio Rank: 8
TILL Sortino Ratio Rank: 8
TILL Omega Ratio Rank: 7
TILL Calmar Ratio Rank: 8
TILL Martin Ratio Rank: 8

PDBC

PDBC Risk / Return Rank: 76
PDBC Sharpe Ratio Rank: 75
PDBC Sortino Ratio Rank: 69
PDBC Omega Ratio Rank: 71
PDBC Calmar Ratio Rank: 92
PDBC Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TILL vs. PDBC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium Agricultural Strategy No K-1 ETF (TILL) 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.

	TILL	PDBC	Difference
Sharpe ratio: Return per unit of total volatility	-0.11	2.40	-2.51
Sortino ratio: Return per unit of downside risk	-0.06	3.08	-3.14
Omega ratio: Gain probability vs. loss probability	0.99	1.42	-0.43
Calmar ratio: Return relative to maximum drawdown	-0.15	6.22	-6.37
Martin ratio: Return relative to average drawdown	-0.25	13.04	-13.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TILL vs. PDBC - Sharpe Ratio Comparison

The current TILL Sharpe Ratio is -0.11, which is lower than the PDBC Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of TILL and PDBC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TILL	PDBC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.11	2.40	-2.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.64	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.56	0.23	-0.79

Drawdowns

TILL vs. PDBC - Drawdown Comparison

The maximum TILL drawdown since its inception was -33.76%, smaller than the maximum PDBC drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for TILL and PDBC.

Drawdown Indicators

	TILL	PDBC	Difference
Max Drawdown Largest peak-to-trough decline	-33.76%	-49.52%	+15.76%
Max Drawdown (1Y) Largest decline over 1 year	-8.98%	-7.19%	-1.79%
Max Drawdown (3Y) Largest decline over 3 years	-30.40%	-13.95%	-16.45%
Max Drawdown (5Y) Largest decline over 5 years	—	-27.63%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-40.73%	—
Current Drawdown Current decline from peak	-29.47%	-5.61%	-23.86%
Average Drawdown Average peak-to-trough decline	-21.40%	-23.20%	+1.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.41%	3.42%	+1.99%

Volatility

TILL vs. PDBC - Volatility Comparison

The current volatility for Teucrium Agricultural Strategy No K-1 ETF (TILL) is 5.38%, while Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a volatility of 6.27%. This indicates that TILL 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.

Volatility by Period

	TILL	PDBC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.38%	6.27%	-0.89%
Volatility (6M) Calculated over the trailing 6-month period	10.25%	15.82%	-5.57%
Volatility (1Y) Calculated over the trailing 1-year period	12.68%	18.64%	-5.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.74%	19.12%	-4.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.74%	17.78%	-3.04%

TILL vs. PDBC - Expense Ratio Comparison

TILL has a 0.89% expense ratio, which is higher than PDBC's 0.58% expense ratio.

Dividends

TILL vs. PDBC - Dividend Comparison

TILL's dividend yield for the trailing twelve months is around 4.72%, more than PDBC's 2.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	2.85%	3.84%	4.42%	4.21%	13.05%	50.83%	0.01%	1.40%	1.00%	3.83%	6.51%
TILL Teucrium Agricultural Strategy No K-1 ETF	4.72%	4.97%	2.55%	51.24%	0.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TILL and PDBC in my portfolio?

TILL and PDBC have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TILL or PDBC?

PDBC has higher volatility (6.27%) compared to TILL (5.38%). In terms of maximum drawdown, TILL dropped -33.76% vs PDBC's -49.52%.

Which ETF is better, TILL or PDBC?

On 3-year performance, PDBC leads with 14.06% vs -5.74% for TILL. On fees, PDBC is cheaper at 0.58% per year. On volatility, TILL has been the lower-risk option at 5.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TILL or PDBC?

Over the 3-year period, PDBC has performed better with a 14.06% return vs -5.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TILL or PDBC?

PDBC is cheaper with a 0.58% expense ratio, compared with 0.89% for TILL.

Which ETF pays a higher dividend yield, TILL or PDBC?

TILL has the higher dividend yield at 4.72%, compared with 2.85% for PDBC.

What is the main difference between TILL and PDBC?

They also come from different issuers: Teucrium and Invesco. Their fees differ too: 0.89% for TILL and 0.58% for PDBC.

Which has better risk-adjusted returns?

PDBC currently has the higher Sharpe Ratio (2.40 vs -0.11), 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.