XPND vs. PDBC
XPND (First Trust Expanded Technology ETF) and PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) are both exchange-traded funds - XPND is a Technology Equities fund actively managed by First Trust, while PDBC is a Commodities fund actively managed by Invesco. Both are actively managed. Over the past 5 years, XPND returned 14.44%/yr vs 9.92%/yr for PDBC. At a 0.12 correlation, their price movements are largely independent. XPND charges 0.65%/yr vs 0.58%/yr for PDBC.
Performance
XPND vs. PDBC - Performance Comparison
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Returns By Period
In the year-to-date period, XPND achieves a 10.20% return, which is significantly lower than PDBC's 22.11% return.
XPND
- 1D
- -3.76%
- 1M
- 0.49%
- YTD
- 10.20%
- 6M
- 8.52%
- 1Y
- 23.64%
- 3Y*
- 25.30%
- 5Y*
- 14.44%
- 10Y*
- —
PDBC
- 1D
- -1.10%
- 1M
- -11.10%
- YTD
- 22.11%
- 6M
- 20.75%
- 1Y
- 25.24%
- 3Y*
- 10.03%
- 5Y*
- 9.92%
- 10Y*
- 7.59%
XPND vs. PDBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XPND First Trust Expanded Technology ETF | 10.20% | 18.82% | 29.61% | 46.13% | -29.66% | 15.05% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 22.11% | 5.96% | 2.09% | -6.25% | 19.23% | 8.57% |
Correlation
The correlation between XPND and PDBC is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2021 | 0.12 |
The correlation between XPND and PDBC shifts across timeframes, from -0.05 (1 year) to 0.12 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XPND vs. PDBC — Risk / Return Rank
XPND
PDBC
XPND vs. PDBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Expanded Technology ETF (XPND) 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.
| XPND | PDBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.24 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 1.76 | -0.39 |
| Martin ratioReturn relative to average drawdown | 3.94 | 7.71 | -3.76 |
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Drawdowns
XPND vs. PDBC - Drawdown Comparison
The maximum XPND drawdown since its inception was -38.00%, smaller than the maximum PDBC drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for XPND and PDBC.
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Drawdown Indicators
| XPND | PDBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.00% | -49.52% | +11.52% |
Max Drawdown (1Y)Largest decline over 1 year | -17.38% | -14.44% | -2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -23.37% | -14.44% | -8.93% |
Max Drawdown (5Y)Largest decline over 5 years | -38.00% | -27.63% | -10.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.73% | — |
Current DrawdownCurrent decline from peak | -6.05% | -14.44% | +8.39% |
Average DrawdownAverage peak-to-trough decline | -10.01% | -23.14% | +13.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.01% | 3.31% | +2.70% |
Volatility
XPND vs. PDBC - Volatility Comparison
First Trust Expanded Technology ETF (XPND) has a higher volatility of 10.02% compared to Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) at 4.42%. This indicates that XPND'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.
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Volatility by Period
| XPND | PDBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.02% | 4.42% | +5.60% |
Volatility (6M)Calculated over the trailing 6-month period | 16.31% | 16.20% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.80% | 18.73% | +1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.13% | 19.15% | +4.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.08% | 17.77% | +6.31% |
XPND vs. PDBC - Expense Ratio Comparison
XPND has a 0.65% expense ratio, which is higher than PDBC's 0.58% expense ratio.
Dividends
XPND vs. PDBC - Dividend Comparison
XPND's dividend yield for the trailing twelve months is around 0.10%, less than PDBC's 3.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 3.14% | 3.84% | 4.42% | 4.21% | 13.05% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.51% |
XPND First Trust Expanded Technology ETF | 0.10% | 0.08% | 0.12% | 0.18% | 0.34% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XPND and PDBC have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XPND has higher volatility (10.02%) compared to PDBC (4.42%). In terms of maximum drawdown, XPND dropped -38.00% vs PDBC's -49.52%.
On 5-year performance, XPND leads with 14.44% vs 9.92% for PDBC. On fees, PDBC is cheaper at 0.58% per year. On volatility, PDBC has been the lower-risk option at 4.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, XPND has performed better with a 14.44% return vs 9.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PDBC is cheaper with a 0.58% expense ratio, compared with 0.65% for XPND.
PDBC has the higher dividend yield at 3.14%, compared with 0.10% for XPND.
XPND is categorized as Technology Equities, while PDBC is Commodities. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.65% for XPND and 0.58% for PDBC.
PDBC currently has the higher Sharpe Ratio (1.38 vs 1.20), 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.
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