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

Price: $22.47
Change: $0.04 (0.0%)
Category: Commodities
Last Updated:

Vitals

Issuer Invesco
Brand Invesco
Structure ETF
Expense Ratio 0.59%
ETF Home Page Home page
Inception Nov 07, 2014
Index Tracked ACTIVE - No Index

Analyst Report

The Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC), as the name implies, offers exposure to commodity futures without the tax hassle of a K-1, which some investors avoid. The fund is actively-managed, and tries to avoid “negative roll yield,” a well-known problem of passive commodity funds that can substantially erode returns over time. There are several similar strategies on the market, including some that charge a lower fee, but PDBC has by far the most assets and trading volume.

ETF Database Themes

Category Commodities
Asset Class Commodity
Commodity Type Diversified
Commodity Broad
Commodity Exposure Futures-Based

FactSet Classifications

  • Segment Commodities: Broad Market
  • Category Broad Market
  • Focus Broad Market
  • Niche Optimized
  • Strategy Active
  • Weighting Scheme Proprietary

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $13.03
  • 52 Week Hi $22.72
  • AUM $6,771.2 M
  • Shares 301.3 M

Historical Trading Data

  • 1 Month Avg. Volume 4,094,226
  • 3 Month Avg. Volume 3,900,432

Alternative ETFs in the ETF Database Commodities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest BCI 0.25% $836.1 M 131,006 32.01%
Largest (AUM) COMT 0.48% $3.0 B 479,947 42.22%
Most Liquid (Volume) DBC 0.88% $3.0 B 3 M 46.94%
Top YTD Performer BDRY 3.76% $112.6 M 245,991 399.74%

Alternative ETFs in the FactSet Commodities: Broad Market Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest BCI 0.25% $836.1 M 131,006 32.01%
Largest (AUM) COMT 0.48% $3.0 B 479,947 42.22%
Most Liquid (Volume) DBC 0.88% $3.0 B 3 M 46.94%
Top YTD Performer GSP 0.75% $26.5 M 7,474 59.36%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

PDBC ETF Database Category Average FactSet Segment Average
Number of Holdings 10 15 18
% of Assets in Top 10 99.99% 76.16% 71.93%
% of Assets in Top 15 99.99% 80.10% 76.82%
% of Assets in Top 50 99.99% 84.04% 81.69%

Size Comparison

PDBC ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A N/A N/A
Mid (>2.7B) N/A N/A N/A
Small (>600M) N/A N/A N/A
Micro (<600M) N/A N/A N/A

PDBC Valuation

This section compares the P/E ratio of this ETF to its peers.

PDBC
P/E Ratio
N/A
ETF Database Category Average
P/E Ratio
0.33
FactSet Segment Average
P/E Ratio
0.41

PDBC Dividend

This section compares the dividend yield of this ETF to its peers.

PDBC ETF Database Category Average FactSet Segment Average
Dividend N/A $ 0.21 $ 0.23
Dividend Date 2020-12-21 N/A N/A
Annual Dividend Rate N/A $ 0.20 $ 0.21
Annual Dividend Yield 0.01% 0.87% 0.96%

PDBC Price and Volume Chart

PDBC Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 237.73 M 1 Month Net Flows: 214.66 M 3 Month Net Flows: -131.48 M 6 Month Net Flows: 991.27 M 1 Year Net Flows: 2.08 B 3 Year Net Flows: 2.63 B 5 Year Net Flows: 4.74 B 10 Year Net Flows: 5.05 B

PDBC Price vs Flows AUM Influence

View charts that break down the influence that fund flows and price had on overall assets.

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for PDBC on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Commodities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity n/a n/a
Expenses A- n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

PDBC Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

PDBC
Expense Ratio
0.59%
ETF Database Category Average
Expense Ratio
0.77%
FactSet Segment Average
Expense Ratio
0.62%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Ordinary income
Distributes K1 No
ESG Themes and Scores

PDBC does not have an ESG score. There are no ESG themes that map to this ETF.

PDBC Performance

This section shows how this ETF has performed relative to its peers.

PDBC ETF Database
Category Average
Factset Segment
Average
1 Month Return 11.62% 8.87% 9.93%
3 Month Return 16.30% 13.22% 12.09%
YTD Return 47.25% 50.62% 35.87%
1 Year Return 62.22% 65.76% 47.84%
3 Year Return 24.67% 16.61% 19.61%
5 Year Return 43.48% 13.87% 16.19%

Geographic Exposure

The following charts reflect the geographic spread of PDBC's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of PDBC's underlying holdings.

PDBC Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility
19.80%
Rank
19 of 26

20 Day Volatility
14.11%
Rank
14 of 26

50 Day Volatility
17.91%
Rank
8 of 26

200 Day Volatility
18.27%
Rank
11 of 26

Beta
0.69
Rank
9 of 26

Standard Deviation
2.39%
Rank
13 of 26

Technicals

  • 20 Day MA $21.62
  • 60 Day MA $20.53
  • MACD 15 Period 0.57
  • MACD 100 Period 2.22
  • Williams % Range 10 Day 19.38
  • Williams % Range 20 Day 10.12
  • RSI 10 Day 73
  • RSI 20 Day 68
  • RSI 30 Day 65
  • Ultimate Oscillator 62

Bollinger Bands

  • Lower Bollinger (10 Day) $21.49
  • Upper Bollinger (10 Day) $22.77
  • Lower Bollinger (20 Day) $20.28
  • Upper Bollinger (20 Day) $22.92
  • Lower Bollinger (30 Day) $19.50
  • Upper Bollinger (30 Day) $22.82

Support & Resistance

  • Support Level 1 $22.33
  • Support Level 2 $22.19
  • Resistance Level 1 $22.58
  • Resistance Level 2 $22.69

Stochastic

  • Stochastic Oscillator %D (1 Day) 53.72
  • Stochastic Oscillator %D (5 Day) 76.88
  • Stochastic Oscillator %K (1 Day) 55.26
  • Stochastic Oscillator %K (5 Day) 82.12

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Data Lineage

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

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