WFIVX vs. PDBC

Last updated Jun 4, 2026

WFIVX (Wilshire 5000 Index Portfolio) and PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) are both funds - WFIVX is a Large Cap Blend Equities fund managed by Wilshire Mutual Funds, while PDBC is a Commodities fund actively managed by Invesco. Over the past 10 years, WFIVX returned 14.07%/yr vs 8.79%/yr for PDBC. At a 0.26 correlation, their price movements are largely independent. WFIVX charges 0.54%/yr vs 0.58%/yr for PDBC.

Performance

WFIVX vs. PDBC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wilshire 5000 Index Portfolio (WFIVX) 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, WFIVX achieves a 11.56% return, which is significantly lower than PDBC's 36.23% return. Over the past 10 years, WFIVX has outperformed PDBC with an annualized return of 14.07%, while PDBC has yielded a comparatively lower 8.79% annualized return.

WFIVX

• 1D: 0.23%
• 1M: 5.61%
• YTD: 11.56%
• 6M: 11.35%
• 1Y: 28.00%
• 3Y*: 21.40%
• 5Y*: 12.57%
• 10Y*: 14.07%

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)

WFIVX vs. PDBC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WFIVX Wilshire 5000 Index Portfolio	11.56%	16.31%	22.59%	24.97%	-18.97%	25.51%	19.90%	29.74%	-5.66%	20.29%
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 WFIVX and PDBC is -0.17, 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	-0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (10Y) Calculated over the trailing 10-year period	0.25
Correlation (All Time) Calculated using the full available price history since Nov 10, 2014	0.26

The correlation between WFIVX and PDBC shifts across timeframes, from -0.17 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.

Return for Risk

WFIVX vs. PDBC — Risk / Return Rank

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

WFIVX

WFIVX Risk / Return Rank: 68
WFIVX Sharpe Ratio Rank: 67
WFIVX Sortino Ratio Rank: 61
WFIVX Omega Ratio Rank: 60
WFIVX Calmar Ratio Rank: 71
WFIVX Martin Ratio Rank: 80

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.

WFIVX vs. PDBC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wilshire 5000 Index Portfolio (WFIVX) 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.

	WFIVX	PDBC	Difference
Sharpe ratio: Return per unit of total volatility	2.40	2.46	-0.06
Sortino ratio: Return per unit of downside risk	3.27	3.14	+0.13
Omega ratio: Gain probability vs. loss probability	1.43	1.43	0.00
Calmar ratio: Return relative to maximum drawdown	3.26	6.35	-3.09
Martin ratio: Return relative to average drawdown	14.97	13.39	+1.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WFIVX vs. PDBC - Sharpe Ratio Comparison

The current WFIVX Sharpe Ratio is 2.40, which is comparable to the PDBC Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of WFIVX 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

	WFIVX	PDBC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.40	2.46	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.65	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	0.50	+0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.23	+0.17

Drawdowns

WFIVX vs. PDBC - Drawdown Comparison

The maximum WFIVX drawdown since its inception was -55.43%, which is greater than PDBC's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for WFIVX and PDBC.

Drawdown Indicators

	WFIVX	PDBC	Difference
Max Drawdown Largest peak-to-trough decline	-55.43%	-49.52%	-5.91%
Max Drawdown (1Y) Largest decline over 1 year	-8.89%	-7.19%	-1.70%
Max Drawdown (3Y) Largest decline over 3 years	-19.36%	-13.95%	-5.41%
Max Drawdown (5Y) Largest decline over 5 years	-24.93%	-27.63%	+2.70%
Max Drawdown (10Y) Largest decline over 10 years	-34.62%	-40.73%	+6.11%
Current Drawdown Current decline from peak	0.00%	-4.55%	+4.55%
Average Drawdown Average peak-to-trough decline	-11.64%	-23.21%	+11.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	3.41%	-1.48%

Volatility

WFIVX vs. PDBC - Volatility Comparison

The current volatility for Wilshire 5000 Index Portfolio (WFIVX) is 2.89%, while Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a volatility of 6.20%. This indicates that WFIVX 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

	WFIVX	PDBC	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.89%	6.20%	-3.31%
Volatility (6M) Calculated over the trailing 6-month period	9.12%	15.78%	-6.66%
Volatility (1Y) Calculated over the trailing 1-year period	12.10%	18.61%	-6.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.13%	19.12%	-1.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.19%	17.78%	+0.41%

WFIVX vs. PDBC - Expense Ratio Comparison

WFIVX has a 0.54% expense ratio, which is lower than PDBC's 0.58% expense ratio.

Dividends

WFIVX vs. PDBC - Dividend Comparison

WFIVX's dividend yield for the trailing twelve months is around 8.04%, more 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%
WFIVX Wilshire 5000 Index Portfolio	8.04%	8.97%	2.79%	3.33%	5.18%	7.25%	9.16%	5.06%	5.97%	8.83%	2.06%	1.39%

Frequently Asked Questions

Can I hold both WFIVX and PDBC in my portfolio?

WFIVX and PDBC have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WFIVX or PDBC?

PDBC has higher volatility (6.20%) compared to WFIVX (2.89%). In terms of maximum drawdown, WFIVX dropped -55.43% vs PDBC's -49.52%.

Which has better risk-adjusted returns?

PDBC currently has the higher Sharpe Ratio (2.46 vs 2.40), 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.