V vs. PDBC

Last updated Jun 4, 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 15.41%/yr vs 8.79%/yr for PDBC. At a 0.15 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 -10.55% return, which is significantly lower than PDBC's 36.23% return. Over the past 10 years, V has outperformed PDBC with an annualized return of 15.41%, while PDBC has yielded a comparatively lower 8.79% annualized return.

V

• 1D: -1.55%
• 1M: -4.22%
• YTD: -10.55%
• 6M: -4.83%
• 1Y: -13.94%
• 3Y*: 11.79%
• 5Y*: 7.10%
• 10Y*: 15.41%

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%

*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.	-10.55%	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	36.23%	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 -0.13, 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	-0.13
Correlation (3Y) Calculated over the trailing 3-year period	-0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.06
Correlation (10Y) Calculated over the trailing 10-year period	0.15
Correlation (All Time) Calculated using the full available price history since Nov 10, 2014	0.15

The correlation between V and PDBC shifts across timeframes, from -0.13 (1 year) to 0.15 (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: 14
V Sharpe Ratio Rank: 14
V Sortino Ratio Rank: 14
V Omega Ratio Rank: 14
V Calmar Ratio Rank: 15
V Martin Ratio Rank: 11

PDBC

PDBC Risk / Return Rank: 74
PDBC Sharpe Ratio Rank: 73
PDBC Sortino Ratio Rank: 67
PDBC Omega Ratio Rank: 70
PDBC Calmar Ratio Rank: 92
PDBC Martin Ratio Rank: 70

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.

	V	PDBC	Difference
Sharpe ratio: Return per unit of total volatility	-0.63	2.46	-3.09
Sortino ratio: Return per unit of downside risk	-0.79	3.14	-3.93
Omega ratio: Gain probability vs. loss probability	0.90	1.43	-0.53
Calmar ratio: Return relative to maximum drawdown	-0.69	6.35	-7.04
Martin ratio: Return relative to average drawdown	-1.28	13.39	-14.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

V vs. PDBC - Sharpe Ratio Comparison

The current V Sharpe Ratio is -0.63, which is lower than the PDBC Sharpe Ratio of 2.46. 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.

Sharpe Ratios by Period

	V	PDBC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.63	2.46	-3.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.65	-0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	0.50	+0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.23	+0.45

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	-20.38%	-7.19%	-13.19%
Max Drawdown (3Y) Largest decline over 3 years	-20.38%	-13.95%	-6.43%
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	-15.66%	-4.55%	-11.11%
Average Drawdown Average peak-to-trough decline	-8.26%	-23.21%	+14.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.94%	3.41%	+7.53%

Volatility

V vs. PDBC - Volatility Comparison

The current volatility for Visa Inc. (V) is 5.20%, while Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a volatility of 6.20%. This indicates that V 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

	V	PDBC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.20%	6.20%	-1.00%
Volatility (6M) Calculated over the trailing 6-month period	17.26%	15.78%	+1.48%
Volatility (1Y) Calculated over the trailing 1-year period	22.11%	18.61%	+3.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.77%	19.12%	+3.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.45%	17.78%	+6.67%

Dividends

V vs. PDBC - Dividend Comparison

V's dividend yield for the trailing twelve months is around 0.83%, less than PDBC's 2.82% 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	2.82%	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.	0.83%	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 -0.13, 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?

PDBC has higher volatility (6.20%) compared to V (5.20%). 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 (2.46 vs -0.63), 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.