VFH vs. PDBC
VFH (Vanguard Financials ETF) and PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) are both exchange-traded funds - VFH is a Financials Equities fund tracking the MSCI US Investable Market Financials 25/50 Index, while PDBC is a Commodities fund actively managed by Invesco. VFH is passively managed, while PDBC is actively managed. Over the past 10 years, VFH returned 13.25%/yr vs 7.69%/yr for PDBC. At a 0.22 correlation, their price movements are largely independent. VFH charges 0.09%/yr vs 0.58%/yr for PDBC.
Performance
VFH vs. PDBC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VFH achieves a 3.20% return, which is significantly lower than PDBC's 24.08% return. Over the past 10 years, VFH has outperformed PDBC with an annualized return of 13.25%, while PDBC has yielded a comparatively lower 7.69% annualized return.
VFH
- 1D
- 0.34%
- 1M
- 4.86%
- 6M
- 1.18%
- YTD
- 3.20%
- 1Y
- 9.10%
- 3Y*
- 20.54%
- 5Y*
- 10.84%
- 10Y*
- 13.25%
PDBC
- 1D
- 0.12%
- 1M
- -3.63%
- 6M
- 21.24%
- YTD
- 24.08%
- 1Y
- 27.16%
- 3Y*
- 9.96%
- 5Y*
- 10.22%
- 10Y*
- 7.69%
VFH vs. PDBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VFH Vanguard Financials ETF | 3.20% | 14.91% | 30.44% | 14.17% | -12.31% | 35.22% | -1.96% | 31.57% | -13.52% | 19.99% |
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 VFH and PDBC is -0.16, 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 | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2014 | 0.22 |
The correlation between VFH and PDBC shifts across timeframes, from -0.16 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VFH vs. PDBC — Risk / Return Rank
VFH
PDBC
VFH vs. PDBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Financials ETF (VFH) 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.
| VFH | PDBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.27 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.54 | 1.75 | -1.21 |
| Martin ratioReturn relative to average drawdown | 1.40 | 6.25 | -4.85 |
Loading charts...
Drawdowns
VFH vs. PDBC - Drawdown Comparison
The maximum VFH drawdown since its inception was -78.61%, which is greater than PDBC's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for VFH and PDBC.
Loading charts...
Drawdown Indicators
| VFH | PDBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.61% | -49.52% | -29.09% |
Max Drawdown (1Y)Largest decline over 1 year | -14.75% | -16.55% | +1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -17.30% | -16.55% | -0.75% |
Max Drawdown (5Y)Largest decline over 5 years | -25.66% | -27.63% | +1.97% |
Max Drawdown (10Y)Largest decline over 10 years | -44.42% | -40.73% | -3.69% |
Current DrawdownCurrent decline from peak | -0.75% | -13.06% | +12.31% |
Average DrawdownAverage peak-to-trough decline | -18.47% | -23.11% | +4.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.69% | 4.64% | +1.05% |
Volatility
VFH vs. PDBC - Volatility Comparison
The current volatility for Vanguard Financials ETF (VFH) is 4.17%, while Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a volatility of 5.48%. This indicates that VFH 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.
Loading charts...
Volatility by Period
| VFH | PDBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 5.48% | -1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 11.51% | 16.59% | -5.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.10% | 18.72% | -3.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.22% | 19.19% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.46% | 17.75% | +4.71% |
VFH vs. PDBC - Expense Ratio Comparison
VFH has a 0.09% expense ratio, which is lower than PDBC's 0.58% expense ratio.
Dividends
VFH vs. PDBC - Dividend Comparison
VFH's dividend yield for the trailing twelve months is around 1.70%, 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% |
VFH Vanguard Financials ETF | 1.70% | 1.55% | 1.75% | 2.08% | 2.31% | 1.87% | 2.21% | 2.17% | 2.30% | 1.53% | 1.63% | 2.00% |
Frequently Asked Questions
VFH and PDBC have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDBC has higher volatility (5.48%) compared to VFH (4.17%). In terms of maximum drawdown, VFH dropped -78.61% vs PDBC's -49.52%.
On 10-year performance, VFH leads with 13.25% vs 7.69% for PDBC. On fees, VFH is cheaper at 0.09% per year. On volatility, VFH has been the lower-risk option at 4.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VFH has performed better with a 13.25% return vs 7.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VFH is cheaper with a 0.09% expense ratio, compared with 0.58% for PDBC.
PDBC has the higher dividend yield at 3.09%, compared with 1.70% for VFH.
VFH is categorized as Financials Equities, while PDBC is Commodities. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.09% for VFH and 0.58% for PDBC.
PDBC currently has the higher Sharpe Ratio (1.55 vs 0.53), 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.
Find the right allocation for VFH and PDBC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer