PDBC vs CWB

Comparison between INVESCO OPTIMUM YIELD DIVERSIFIED COMMODITY STRATEGY NO K-1 ETF (PDBC, ETF) and STATE STREET(R) SPDR(R) BLOOMBERG CONVERTIBLE SECURITIES ETF (CWB, ETF).

5-Year PerformancePDBC has outperformed CWB, delivering a return of +11.0% compared to +6.7%

PDBC vs CWB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PDBC(ETF)	CWB(ETF)
Net Assets	$6.10B	$6.20B
Expense Ratio	0.59%	0.40%
Max Drawdown	55.56%	32.16%
Sharpe Ratio	1.48	1.77
5Y Beta	0.16	0.63
5Y Dividends CAGR	35.96%	-3.87%

Net Assets

PDBC

$6.10B

Winner

CWB

$6.20B

Expense Ratio

PDBC

0.59%

Winner

CWB

0.40%

Max Drawdown

PDBC

55.56%

Winner

CWB

32.16%

Sharpe Ratio

PDBC

1.48

Winner

CWB

1.77

5Y Beta

Winner

PDBC

0.16

CWB

0.63

5Y Dividends CAGR

Winner

PDBC

35.96%

CWB

-3.87%

PDBC vs CWB - Historical Returns

Returns include dividend reinvestment.

Period	PDBC	CWB
1 month	-9.78%	+2.12%
3 months	-0.87%	+16.57%
6 months	+29.96%	+19.37%
1 year	+34.50%	+34.35%
5 years(CAGR)	+10.98%	+6.71%
10 years(CAGR)	+7.95%	+12.69%
Max(CAGR)	+3.65%	+11.89%

PDBC

-9.78%

Winner

CWB

+2.12%

PDBC

-0.87%

Winner

CWB

+16.57%

Winner

PDBC

+29.96%

CWB

+19.37%

Winner

PDBC

+34.50%

CWB

+34.35%

5Y(CAGR)

Winner

PDBC

+10.98%

CWB

+6.71%

10Y(CAGR)

PDBC

+7.95%

Winner

CWB

+12.69%

Max(CAGR)

PDBC

+3.65%

Winner

CWB

+11.89%

PDBC vs CWB - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	PDBC	CWB
2026	+28.46%	+18.77%
2025	+4.78%	+16.44%
2024	+2.93%	+10.97%
2023	-3.86%	+14.90%
2022	+18.74%	-20.52%
2021	+42.33%	+2.71%
2020	-8.29%	+52.07%
2019	+11.07%	+22.44%
2018	-13.27%	-3.35%
2017	+5.64%	+15.84%
2016	+19.28%	+11.56%
2015	-26.23%	-0.87%
2014	-15.49%	+8.01%
2013	N/A	+19.29%
2012	N/A	+14.23%
2011	N/A	-7.95%
2010	N/A	+12.77%
2009	N/A	+29.61%

PDBC vs CWB Drawdown Comparison

The maximum drawdown for PDBC was -49.54%, occurring on Apr 28, 2020. Recovery took 1745 trading sessions.

The maximum drawdown for CWB was -32.06%, occurring on Mar 23, 2020. Recovery took 76 trading sessions.

The current PDBC drawdown is -9.78%. The current CWB drawdown is -3.49%.

Rank	PDBC	CWB
#1	-49.54% Nov 7, 2014 - Oct 14, 2021	-32.06% Feb 19, 2020 - Jun 8, 2020
#2	-27.64% Jun 9, 2022 - Mar 6, 2026	-29.86% Feb 12, 2021 - Jul 16, 2025
#3	-13.22% Mar 8, 2022 - Apr 18, 2022	-17.09% May 2, 2011 - Oct 18, 2012
#4	-11.62% Oct 20, 2021 - Jan 18, 2022	-15.95% Jun 1, 2015 - Jul 22, 2016
#5	-9.78% May 12, 2026 - Jun 12, 2026	-13.79% Jun 20, 2018 - Feb 25, 2019
#6	-5.40% Apr 18, 2022 - May 26, 2022	-10.76% Apr 26, 2010 - Oct 5, 2010
#7	-4.98% Mar 18, 2026 - Mar 30, 2026	-9.06% Sep 5, 2014 - Mar 20, 2015
#8	-4.05% Apr 6, 2026 - Apr 22, 2026	-7.61% Sep 1, 2020 - Oct 9, 2020
#9	-3.48% May 4, 2026 - May 12, 2026	-7.58% Jan 19, 2010 - Mar 8, 2010
#10	-2.29% Mar 30, 2026 - Apr 2, 2026	-7.52% Oct 29, 2025 - Jan 13, 2026
#11	-1.80% Mar 12, 2026 - Mar 18, 2026	-7.36% Jan 26, 2018 - Mar 12, 2018
#12	-1.73% Feb 24, 2022 - Feb 28, 2022	-6.76% Jan 28, 2026 - Apr 8, 2026
#13	-1.59% Feb 14, 2022 - Feb 22, 2022	-6.66% Jun 2, 2026 - Jun 10, 2026
#14	-1.16% Mar 6, 2026 - Mar 10, 2026	-6.52% May 21, 2013 - Jul 22, 2013
#15	-0.86% Apr 30, 2026 - May 4, 2026	-6.24% May 3, 2019 - Jul 12, 2019

Correlation

Correlation between PDBC and CWB is 0.76 which considered as a strong positive correlation - the stocks tend to move together.

0.76

-101

Dividend Comparison (2009 - 2026)

PDBC vs CWB dividend yield comparison.

Year	PDBC	CWB
2026	0.00%	0.58%
2025	3.84%	1.69%
2024	4.42%	1.85%
2023	4.21%	1.97%
2022	13.05%	2.21%
2021	50.83%	1.97%
2020	0.01%	2.34%
2019	1.40%	3.03%
2018	1.00%	6.17%
2017	3.83%	4.25%
2016	6.51%	4.60%
2015	0.00%	7.52%
2014	0.00%	7.37%
2013	0.00%	3.66%
2012	0.00%	3.84%
2011	0.00%	4.97%
2010	0.00%	4.59%
2009	0.00%	3.88%