YLDE vs. PDBC
YLDE (ClearBridge Dividend Strategy ESG ETF) and PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) are both exchange-traded funds - YLDE is a Dividend fund actively managed by Franklin Templeton, while PDBC is a Commodities fund actively managed by Invesco. Both are actively managed. Over the past 5 years, YLDE returned 9.54%/yr vs 12.39%/yr for PDBC. At a 0.20 correlation, their price movements are largely independent. YLDE charges 0.60%/yr vs 0.58%/yr for PDBC.
Performance
YLDE vs. PDBC - Performance Comparison
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Returns By Period
In the year-to-date period, YLDE achieves a 4.09% return, which is significantly lower than PDBC's 36.23% return.
YLDE
- 1D
- -0.32%
- 1M
- 0.13%
- YTD
- 4.09%
- 6M
- 5.06%
- 1Y
- 13.89%
- 3Y*
- 14.60%
- 5Y*
- 9.54%
- 10Y*
- —
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%
YLDE vs. PDBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
YLDE ClearBridge Dividend Strategy ESG ETF | 4.09% | 13.09% | 16.44% | 15.69% | -8.56% | 22.12% | 10.35% | 32.46% | -5.74% | 11.35% |
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% | 9.76% |
Correlation
The correlation between YLDE and PDBC is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since May 24, 2017 | 0.20 |
The correlation between YLDE and PDBC shifts across timeframes, from -0.08 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
YLDE vs. PDBC — Risk / Return Rank
YLDE
PDBC
YLDE vs. PDBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearBridge Dividend Strategy ESG ETF (YLDE) 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.
| YLDE | PDBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.43 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 6.35 | -4.51 |
| Martin ratioReturn relative to average drawdown | 6.84 | 13.39 | -6.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| YLDE | PDBC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 2.46 | -0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.65 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.23 | +0.51 |
Drawdowns
YLDE vs. PDBC - Drawdown Comparison
The maximum YLDE drawdown since its inception was -33.23%, smaller than the maximum PDBC drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for YLDE and PDBC.
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Drawdown Indicators
| YLDE | PDBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.23% | -49.52% | +16.29% |
Max Drawdown (1Y)Largest decline over 1 year | -7.59% | -7.19% | -0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -11.42% | -13.95% | +2.53% |
Max Drawdown (5Y)Largest decline over 5 years | -20.22% | -27.63% | +7.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.73% | — |
Current DrawdownCurrent decline from peak | -2.54% | -4.55% | +2.01% |
Average DrawdownAverage peak-to-trough decline | -3.55% | -23.21% | +19.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 3.41% | -1.38% |
Volatility
YLDE vs. PDBC - Volatility Comparison
The current volatility for ClearBridge Dividend Strategy ESG ETF (YLDE) is 1.81%, while Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has a volatility of 6.20%. This indicates that YLDE 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.
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Volatility by Period
| YLDE | PDBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.81% | 6.20% | -4.39% |
Volatility (6M)Calculated over the trailing 6-month period | 6.74% | 15.78% | -9.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.31% | 18.61% | -9.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.50% | 19.12% | -5.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.76% | 17.78% | -2.02% |
YLDE vs. PDBC - Expense Ratio Comparison
YLDE has a 0.60% expense ratio, which is higher than PDBC's 0.58% expense ratio.
Dividends
YLDE vs. PDBC - Dividend Comparison
YLDE's dividend yield for the trailing twelve months is around 7.04%, more than PDBC's 2.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 2.82% | 3.84% | 4.42% | 4.21% | 13.05% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.51% |
YLDE ClearBridge Dividend Strategy ESG ETF | 7.04% | 5.68% | 1.69% | 1.64% | 1.68% | 1.15% | 1.46% | 1.65% | 2.25% | 1.31% | 0.00% |
Frequently Asked Questions
YLDE and PDBC have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDBC has higher volatility (6.20%) compared to YLDE (1.81%). In terms of maximum drawdown, YLDE dropped -33.23% vs PDBC's -49.52%.
On 5-year performance, PDBC leads with 12.39% vs 9.54% for YLDE. On fees, PDBC is cheaper at 0.58% per year. On volatility, YLDE has been the lower-risk option at 1.81%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PDBC has performed better with a 12.39% return vs 9.54%. 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 0.60% for YLDE.
YLDE has the higher dividend yield at 7.04%, compared with 2.82% for PDBC.
YLDE is categorized as Dividend, while PDBC is Commodities. They also come from different issuers: Franklin Templeton and Invesco. Their fees differ too: 0.60% for YLDE and 0.58% for PDBC.
PDBC currently has the higher Sharpe Ratio (2.46 vs 1.50), 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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