TYLD vs. PDBC
Compare and contrast key facts about Cambria Tactical Yield ETF (TYLD) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC).
TYLD and PDBC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TYLD is an actively managed fund by Cambria. It was launched on Jan 4, 2024. PDBC is an actively managed fund by Invesco. It was launched on Nov 7, 2014.
Performance
TYLD vs. PDBC - Performance Comparison
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TYLD vs. PDBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TYLD Cambria Tactical Yield ETF | 0.84% | 4.05% | 5.15% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 29.06% | 5.96% | 2.01% |
Returns By Period
In the year-to-date period, TYLD achieves a 0.84% return, which is significantly lower than PDBC's 29.06% return.
TYLD
- 1D
- 0.04%
- 1M
- 0.32%
- YTD
- 0.84%
- 6M
- 1.95%
- 1Y
- 4.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PDBC
- 1D
- -1.27%
- 1M
- 11.33%
- YTD
- 29.06%
- 6M
- 32.46%
- 1Y
- 30.13%
- 3Y*
- 10.80%
- 5Y*
- 14.00%
- 10Y*
- 9.72%
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TYLD vs. PDBC - Expense Ratio Comparison
TYLD has a 0.59% expense ratio, which is higher than PDBC's 0.58% expense ratio.
Return for Risk
TYLD vs. PDBC — Risk / Return Rank
TYLD
PDBC
TYLD vs. PDBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Tactical Yield ETF (TYLD) 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.
| TYLD | PDBC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.14 | 1.62 | +1.52 |
Sortino ratioReturn per unit of downside risk | 4.77 | 2.19 | +2.59 |
Omega ratioGain probability vs. loss probability | 2.01 | 1.29 | +0.72 |
Calmar ratioReturn relative to maximum drawdown | 8.09 | 2.74 | +5.35 |
Martin ratioReturn relative to average drawdown | 35.06 | 6.73 | +28.33 |
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
| TYLD | PDBC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.14 | 1.62 | +1.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.74 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.48 | 0.21 | +2.28 |
Correlation
The correlation between TYLD and PDBC is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
TYLD vs. PDBC - Dividend Comparison
TYLD's dividend yield for the trailing twelve months is around 4.72%, more than PDBC's 2.97% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TYLD Cambria Tactical Yield ETF | 4.72% | 4.38% | 4.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 2.97% | 3.84% | 4.42% | 4.21% | 13.05% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.51% |
Drawdowns
TYLD vs. PDBC - Drawdown Comparison
The maximum TYLD drawdown since its inception was -1.06%, smaller than the maximum PDBC drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for TYLD and PDBC.
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Drawdown Indicators
| TYLD | PDBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.06% | -49.52% | +48.46% |
Max Drawdown (1Y)Largest decline over 1 year | -0.52% | -11.07% | +10.55% |
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 | 0.00% | -2.29% | +2.29% |
Average DrawdownAverage peak-to-trough decline | -0.11% | -23.53% | +23.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.12% | 4.50% | -4.38% |
Volatility
TYLD vs. PDBC - Volatility Comparison
The current volatility for Cambria Tactical Yield ETF (TYLD) is 0.24%, while Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a volatility of 8.36%. This indicates that TYLD 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
| TYLD | PDBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.24% | 8.36% | -8.12% |
Volatility (6M)Calculated over the trailing 6-month period | 0.50% | 13.95% | -13.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.34% | 18.73% | -17.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.82% | 18.92% | -17.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.82% | 17.69% | -15.87% |