V vs. PDBC

Last updated Jul 11, 2026

V (Visa Inc.) is a stock, while PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) is Commodities fund actively managed by Invesco. Over the past 10 years, V returned 17.06%/yr vs 7.69%/yr for PDBC. At a 0.14 correlation, their price movements are largely independent.

Performance

V vs. PDBC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Visa Inc. (V) 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, V achieves a -0.08% return, which is significantly lower than PDBC's 24.08% return. Over the past 10 years, V has outperformed PDBC with an annualized return of 17.06%, while PDBC has yielded a comparatively lower 7.69% annualized return.

V

• 1D: 0.22%
• 1M: 8.05%
• 6M: 0.18%
• YTD: -0.08%
• 1Y: -1.17%
• 3Y*: 14.07%
• 5Y*: 8.72%
• 10Y*: 17.06%

PDBC

• 1D: 0.12%
• 1M: -5.68%
• 6M: 21.24%
• YTD: 24.08%
• 1Y: 28.89%
• 3Y*: 9.96%
• 5Y*: 10.22%
• 10Y*: 7.69%

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

V vs. PDBC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
V Visa Inc.	-0.08%	11.76%	22.32%	26.31%	-3.40%	-0.31%	17.12%	43.33%	16.49%	47.18%
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	24.08%	5.96%	2.09%	-6.25%	19.23%	41.72%	-7.84%	11.44%	-12.78%	5.06%

Correlation

The correlation between V and PDBC is -0.18, 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	-0.18
Correlation (3Y) Calculated over the trailing 3-year period	-0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (10Y) Calculated over the trailing 10-year period	0.13
Correlation (All Time) Calculated using the full available price history since Nov 7, 2014	0.14

The correlation between V and PDBC shifts across timeframes, from -0.18 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.

Return for Risk

V vs. PDBC — Risk / Return Rank

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

V

V Risk / Return Rank: 40
V Sharpe Ratio Rank: 43
V Sortino Ratio Rank: 36
V Omega Ratio Rank: 35
V Calmar Ratio Rank: 43
V Martin Ratio Rank: 42

PDBC

PDBC Risk / Return Rank: 51
PDBC Sharpe Ratio Rank: 57
PDBC Sortino Ratio Rank: 54
PDBC Omega Ratio Rank: 53
PDBC Calmar Ratio Rank: 43
PDBC Martin Ratio Rank: 47

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.

V vs. PDBC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Visa Inc. (V) 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.

	V	PDBC	Difference
Sharpe ratio: Return per unit of total volatility	-0.05	1.55	-1.61
Sortino ratio: Return per unit of downside risk	0.08	2.13	-2.05
Omega ratio: Gain probability vs. loss probability	1.01	1.27	-0.26
Calmar ratio: Return relative to maximum drawdown	-0.07	1.75	-1.82
Martin ratio: Return relative to average drawdown	-0.15	6.25	-6.39

V vs. PDBC - Sharpe Ratio Comparison

The current V Sharpe Ratio is -0.05, which is lower than the PDBC Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of V 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.

Drawdowns

V vs. PDBC - Drawdown Comparison

The maximum V drawdown since its inception was -51.90%, roughly equal to the maximum PDBC drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for V and PDBC.

Drawdown Indicators

	V	PDBC	Difference
Max Drawdown Largest peak-to-trough decline	-51.90%	-49.52%	-2.38%
Max Drawdown (1Y) Largest decline over 1 year	-17.18%	-16.55%	-0.63%
Max Drawdown (3Y) Largest decline over 3 years	-20.38%	-16.55%	-3.83%
Max Drawdown (5Y) Largest decline over 5 years	-28.60%	-27.63%	-0.97%
Max Drawdown (10Y) Largest decline over 10 years	-36.36%	-40.73%	+4.37%
Current Drawdown Current decline from peak	-5.78%	-13.06%	+7.28%
Average Drawdown Average peak-to-trough decline	-8.26%	-23.11%	+14.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.99%	4.64%	+3.35%

Volatility

V vs. PDBC - Volatility Comparison

Visa Inc. (V) has a higher volatility of 6.37% compared to Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) at 5.48%. This indicates that V's price experiences larger fluctuations and is considered to be riskier than PDBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	V	PDBC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.37%	5.48%	+0.89%
Volatility (6M) Calculated over the trailing 6-month period	17.34%	16.59%	+0.75%
Volatility (1Y) Calculated over the trailing 1-year period	21.68%	18.72%	+2.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.92%	19.19%	+3.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.41%	17.75%	+6.66%

Dividends

V vs. PDBC - Dividend Comparison

V's dividend yield for the trailing twelve months is around 0.75%, less than PDBC's 3.09% 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	3.09%	3.84%	4.42%	4.21%	13.05%	50.83%	0.01%	1.40%	1.00%	3.83%	6.51%	0.00%
V Visa Inc.	0.75%	0.70%	0.68%	0.72%	0.76%	0.62%	0.56%	0.56%	0.67%	0.61%	0.75%	0.64%

Frequently Asked Questions

Can I hold both V and PDBC in my portfolio?

V and PDBC have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, V or PDBC?

V has higher volatility (6.37%) compared to PDBC (5.48%). In terms of maximum drawdown, V dropped -51.90% vs PDBC's -49.52%.

Which has better risk-adjusted returns?

PDBC currently has the higher Sharpe Ratio (1.55 vs -0.05), 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.