PDBC — Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

Overview

The Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF, trading under the ticker PDBC, operates within the Commodities category managed by issuer Invesco. With assets under management totaling $5.33 billion and a current share price of $16.62, the fund demonstrates significant investor adoption relative to its peers. It holds an overall rank of #57 out of 120 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 64.7 out of 100. The fund carries an expense ratio of 0.59% while offering a dividend yield of 3.20%. This combination of substantial assets and a moderate yield suggests a established position within the five ETFs tracked in the Commodities category. The ranking places the fund in the lower half of the broader universe despite its large asset base.

Recent performance data shows a sharp divergence between short-term and long-term returns, with the fund gaining +1.84% over one day and +4.66% over one week. However, this immediate momentum reversed over the past month, resulting in a -4.81% decline, followed by a further -5.14% drop over three months. The trend shifted dramatically over longer horizons, as the fund posted a +22.84% gain over six months and a +25.15% year-to-date return. This acceleration continued into the annual period, where the fund achieved a +29.91% return over one year. The three-year return stands at +31.49%, indicating that the recent short-term weakness has not yet eroded the significant gains accumulated over the multi-year period.

The fund is assigned a Moderate volatility label and exhibits a beta of 1.06, suggesting its price movements are slightly more sensitive to market fluctuations than the broader benchmark. A Sharpe ratio of 1.33 indicates that the fund has generated a favorable amount of excess return per unit of risk taken over the measured period. Despite these positive risk-adjusted metrics, the fund experienced a maximum drawdown of -16.55%, highlighting the potential for significant temporary losses during market downturns. The combination of a beta above 1.0 and a moderate volatility rating implies that the fund tends to amplify market moves while maintaining a manageable risk profile relative to its returns. Investors should note that the -16.55% drawdown occurred alongside the strong long-term returns, illustrating the fund's capacity for both high growth and substantial interim declines.

AI-generated summary based on the data on this page.

PDBC Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing.

Market Backdrop

10-Year Treasury Yield: 4.55% (as of 2026-07-07) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 16.13 (as of 2026-07-07) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

PDBC Performance History

How PDBC Compares to Other Commodities ETFs