VYMI vs. PDBC
VYMI (Vanguard International High Dividend Yield ETF) and PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) are both exchange-traded funds - VYMI is a Dividend fund tracking the FTSE All-World ex US High Dividend Yield Index, while PDBC is a Commodities fund actively managed by Invesco. VYMI is passively managed, while PDBC is actively managed. Over the past 10 years, VYMI returned 11.24%/yr vs 7.99%/yr for PDBC. At a 0.36 correlation, their price movements are largely independent. VYMI charges 0.07%/yr vs 0.58%/yr for PDBC.
Performance
VYMI vs. PDBC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VYMI achieves a 12.90% return, which is significantly lower than PDBC's 28.75% return. Over the past 10 years, VYMI has outperformed PDBC with an annualized return of 11.24%, while PDBC has yielded a comparatively lower 7.99% annualized return.
VYMI
- 1D
- 0.54%
- 1M
- 2.62%
- YTD
- 12.90%
- 6M
- 14.90%
- 1Y
- 31.26%
- 3Y*
- 21.73%
- 5Y*
- 12.29%
- 10Y*
- 11.24%
PDBC
- 1D
- -1.04%
- 1M
- -8.33%
- YTD
- 28.75%
- 6M
- 30.02%
- 1Y
- 30.88%
- 3Y*
- 12.43%
- 5Y*
- 10.98%
- 10Y*
- 7.99%
VYMI vs. PDBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VYMI Vanguard International High Dividend Yield ETF | 12.90% | 38.05% | 7.06% | 17.07% | -7.02% | 15.39% | -1.11% | 18.43% | -12.65% | 22.36% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 28.75% | 5.96% | 2.09% | -6.25% | 19.23% | 41.72% | -7.84% | 11.44% | -12.78% | 5.06% |
Correlation
The correlation between VYMI and PDBC is -0.12, 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 | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2016 | 0.36 |
The correlation between VYMI and PDBC shifts across timeframes, from -0.12 (1 year) to 0.36 (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
VYMI vs. PDBC — Risk / Return Rank
VYMI
PDBC
VYMI vs. PDBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard International High Dividend Yield ETF (VYMI) 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.
| VYMI | PDBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.32 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | 3.55 | -0.59 |
| Martin ratioReturn relative to average drawdown | 11.60 | 9.49 | +2.11 |
Loading charts...
Drawdowns
VYMI vs. PDBC - Drawdown Comparison
The maximum VYMI drawdown since its inception was -40.00%, smaller than the maximum PDBC drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for VYMI and PDBC.
Loading charts...
Drawdown Indicators
| VYMI | PDBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.00% | -49.52% | +9.52% |
Max Drawdown (1Y)Largest decline over 1 year | -10.14% | -9.78% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -12.84% | -13.95% | +1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -24.05% | -27.63% | +3.58% |
Max Drawdown (10Y)Largest decline over 10 years | -40.00% | -40.73% | +0.73% |
Current DrawdownCurrent decline from peak | 0.00% | -9.78% | +9.78% |
Average DrawdownAverage peak-to-trough decline | -6.30% | -23.16% | +16.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 3.65% | -1.06% |
Volatility
VYMI vs. PDBC - Volatility Comparison
The current volatility for Vanguard International High Dividend Yield ETF (VYMI) is 4.40%, while Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a volatility of 4.91%. This indicates that VYMI 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
| VYMI | PDBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 4.91% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 11.15% | 16.12% | -4.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.33% | 18.85% | -5.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.90% | 19.16% | -4.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.85% | 17.79% | -0.94% |
VYMI vs. PDBC - Expense Ratio Comparison
VYMI has a 0.07% expense ratio, which is lower than PDBC's 0.58% expense ratio.
Dividends
VYMI vs. PDBC - Dividend Comparison
VYMI's dividend yield for the trailing twelve months is around 3.39%, more than PDBC's 2.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 2.98% | 3.84% | 4.42% | 4.21% | 13.05% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.51% |
VYMI Vanguard International High Dividend Yield ETF | 3.39% | 3.68% | 4.84% | 4.58% | 4.70% | 4.30% | 3.22% | 4.20% | 4.29% | 3.21% | 2.39% |
Frequently Asked Questions
VYMI and PDBC have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDBC has higher volatility (4.91%) compared to VYMI (4.40%). In terms of maximum drawdown, VYMI dropped -40.00% vs PDBC's -49.52%.
On 10-year performance, VYMI leads with 11.24% vs 7.99% for PDBC. On fees, VYMI is cheaper at 0.07% per year. On volatility, VYMI has been the lower-risk option at 4.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VYMI has performed better with a 11.24% return vs 7.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VYMI is cheaper with a 0.07% expense ratio, compared with 0.58% for PDBC.
VYMI has the higher dividend yield at 3.39%, compared with 2.98% for PDBC.
VYMI is categorized as Dividend, while PDBC is Commodities. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.07% for VYMI and 0.58% for PDBC.
VYMI currently has the higher Sharpe Ratio (2.26 vs 1.84), 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 VYMI 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