Invesco Optimum Yield Diversified Commodity… (PDBC) Performance
PDBC total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +53.5% since Dec 31, 2025
- 1 year
- +55.6% total return
- 5 years
- +12.3% a year
- 10 years
- +9.8% a year
- Since first price
- +5.1% a year since 2014
PDBC trailing returns vs SPY, QQQ, AGG
| Period | PDBC total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +3.7% | +3.7% | −1.0% | −5.0% | +0.9% |
| 3 months | +12.6% | +12.6% | +3.2% | +1.9% | −0.4% |
| 6 months | +14.0% | +14.0% | +7.8% | +8.4% | −1.5% |
| YTD | +53.5% | +53.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +55.6% | +49.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +53.8%+15.4%/yr | +36.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +79.0%+12.3%/yr | +23.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +155.7%+9.8%/yr | +55.3% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionNov 7, 2014 | +80.6%+5.1%/yr | +9.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: PDBC vs SPY
From Nov 7, 2014: PDBC grew to $18,064, SPY to $45,610.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PDBC returns by calendar year
7 of 11 full years positive. Best 2021 (+41.7%), worst 2015 (−26.9%). 2026 is year to date.
PDBC annual returns table
| Year | PDBC | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +53.5% | −16.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +6.0% | −12.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +2.1% | −12.4% | +24.9% | +25.6% | +1.3% |
| 2023 | −6.2% | −12.8% | +26.2% | +54.9% | +5.7% |
| 2022 | +19.2% | −23.4% | −18.2% | −32.6% | −13.0% |
| 2021 | +41.7% | −11.6% | +28.7% | +27.4% | −1.8% |
| 2020 | −7.8% | −33.2% | +18.3% | +48.6% | +7.5% |
| 2019 | +11.4% | −10.3% | +31.2% | +39.0% | +8.5% |
| 2018 | −12.8% | −22.0% | −4.6% | −0.1% | +0.1% |
| 2017 | +5.1% | −14.5% | +21.7% | +32.7% | +3.6% |
| 2016 | +18.0% | −10.4% | +12.0% | +7.1% | +2.4% |
| 2015 | −26.9% | −29.1% | +1.2% | +9.4% | +0.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
PDBC largest drawdowns
At an all-time high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 7, 2014 | −49.5% | Apr 28, 2020 | Oct 14, 2021 | 5.5 years | 6.9 years |
| Jun 9, 2022 | −27.6% | Sep 10, 2024 | Mar 6, 2026 | 2.3 years | 3.7 years |
| May 12, 2026 | −16.6% | Jun 24, 2026 | Sep 1, 2026 | 43 days | 4 months |
| Mar 8, 2022 | −13.2% | Mar 16, 2022 | Apr 18, 2022 | 8 days | 41 days |
| Oct 20, 2021 | −11.6% | Dec 1, 2021 | Jan 18, 2022 | 42 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PDBC risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2014 |
|---|---|---|---|---|
| Annualized return | +13.5% | +12.6% | +9.5% | +5.3% |
| Volatility (annualized) | 16.9% | 17.4% | 17.0% | 17.4% |
| Sharpe ratio | 0.57 | 0.56 | 0.49 | 0.27 |
| Sortino ratio | 1.02 | 0.94 | 0.74 | 0.40 |
| Best month | +16.1% | +16.1% | +16.1% | +16.1% |
| Worst month | −9.9% | −9.9% | −16.5% | −16.5% |
| Best 12 months | +54.7% | +54.7% | +67.3% | +67.3% |
| Worst 12 months | −7.8% | −23.1% | −30.7% | −30.7% |
| Positive months | 64% | 60% | 58% | 56% |
| Beta vs S&P 500 | -0.19 | 0.11 | 0.38 | — |
| Correlation with S&P 500 | -0.14 | 0.10 | 0.34 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
PDBC rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 132 | −30.7% | +3.4% | +67.3% | 56% |
| 3-year (a year) | 108 | −9.0% | +4.0% | +29.1% | 74% |
| 5-year (a year) | 84 | −9.2% | +9.1% | +17.0% | 85% |
| 10-year (a year) | 24 | +1.6% | +5.6% | +10.1% | 100% |
Every holding period starting at a month-end since 2014. Returns for 3 years and longer are annualized.
PDBC performance overview
Invesco Optimum Yield Diversified Commodity… (PDBC) returned +55.6% over the past year and +9.8% a year over ten years, with distributions reinvested. Since its first recorded price in 2014 it has returned +5.1% a year, turning $10,000 into about $18,064. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −49.5%, from Nov 7, 2014 to Apr 28, 2020, and it took 1.5 years to get back to the old high. PDBC finished 7 of its 11 full calendar years with a gain; the best year was 2021 (+41.7%) and the worst 2015 (−26.9%). Volatility has been 17.4% a year.
Related: PDBC chart, PDBC dividends. See the PDBC overview for the latest quote and fund facts.
PDBC performance FAQ
What is the PDBC return over the past year?
PDBC returned +55.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 49.8%.
What is the average annual return of PDBC?
PDBC has returned +12.3% a year over 5 years, +9.8% a year over 10 years, +5.1% a year since November 7, 2014 (total return, distributions reinvested).
How much would $10,000 invested in PDBC be worth?
$10,000 invested in PDBC at its first recorded close on November 7, 2014 would be worth about $18,064 on October 23, 2026 with distributions reinvested.
What was the worst year for PDBC?
The worst calendar year was 2015, with a total return of −26.9%. The best was 2021 at +41.7%.
What is the biggest drawdown of PDBC?
The largest peak-to-trough decline was −49.5% between November 7, 2014 and April 28, 2020. It recovered to the old high on October 14, 2021, 1.5 years after the bottom.
How volatile is PDBC?
Over the past 3 years PDBC had an annualized volatility of 16.9% and a Sharpe ratio of 0.57 (excess return over 1–3 month T-bills per unit of risk).