PDBC vs JMBS

Comparison between INVESCO OPTIMUM YIELD DIVERSIFIED COMMODITY STRATEGY NO K-1 ETF (PDBC, ETF) and JANUS HENDERSON MORTGAGE-BACKED SECURITIES ETF (JMBS, ETF).

5-Year PerformancePDBC has outperformed JMBS, delivering a return of +12.9% compared to +0.8%

PDBC vs JMBS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PDBC(ETF)	JMBS(ETF)
Net Assets	$6.50B	$6.60B
Expense Ratio	0.59%	0.21%
Max Drawdown	55.56%	22.48%
Sharpe Ratio	2.13	0.70
5Y Beta	0.17	0.04
5Y Dividends CAGR	35.96%	12.04%

Net Assets

PDBC

$6.50B

Winner

JMBS

$6.60B

Expense Ratio

PDBC

0.59%

Winner

JMBS

0.21%

Max Drawdown

PDBC

55.56%

Winner

JMBS

22.48%

Sharpe Ratio

Winner

PDBC

2.13

JMBS

0.70

5Y Beta

PDBC

0.17

Winner

JMBS

0.04

5Y Dividends CAGR

Winner

PDBC

35.96%

JMBS

12.04%

PDBC vs JMBS - Historical Returns

Returns include dividend reinvestment.

Period	PDBC	JMBS
1 month	+6.23%	+0.11%
3 months	+25.49%	+0.24%
6 months	+37.66%	+1.79%
1 year	+48.44%	+7.59%
5 years(CAGR)	+12.88%	+0.80%
10 years(CAGR)	+9.70%	N/A
Max(CAGR)	+4.20%	+2.40%

Winner

PDBC

+6.23%

JMBS

+0.11%

Winner

PDBC

+25.49%

JMBS

+0.24%

Winner

PDBC

+37.66%

JMBS

+1.79%

Winner

PDBC

+48.44%

JMBS

+7.59%

5Y(CAGR)

Winner

PDBC

+12.88%

JMBS

+0.80%

10Y(CAGR)

PDBC

+9.70%

JMBS

N/A

Max(CAGR)

Winner

PDBC

+4.20%

JMBS

+2.40%

PDBC vs JMBS - Annual Returns (2014 - 2026)

Returns include dividend reinvestment.

Year	PDBC	JMBS
2026	+36.07%	+1.32%
2025	+4.78%	+8.67%
2024	+2.93%	+2.14%
2023	-3.86%	+5.34%
2022	+18.74%	-11.28%
2021	+42.33%	-0.50%
2020	-8.29%	+5.74%
2019	+11.07%	+6.91%
2018	-13.27%	+1.53%
2017	+5.64%	N/A
2016	+19.28%	N/A
2015	-26.23%	N/A
2014	-15.49%	N/A

PDBC vs JMBS Drawdown Comparison

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

The maximum drawdown for JMBS was -16.68%, occurring on Oct 20, 2022. Recovery took 1027 trading sessions.

The current PDBC drawdown is -3.27%. The current JMBS drawdown is -1.10%.

Rank	PDBC	JMBS
#1	-49.54% Nov 7, 2014 - Oct 14, 2021	-16.68% Aug 3, 2021 - Sep 5, 2025
#2	-27.64% Jun 9, 2022 - Mar 6, 2026	-4.28% Mar 9, 2020 - May 1, 2020
#3	-13.22% Mar 8, 2022 - Apr 18, 2022	-2.98% Feb 27, 2026 - Mar 26, 2026
#4	-11.62% Oct 20, 2021 - Jan 18, 2022	-1.46% Sep 13, 2018 - Dec 4, 2018
#5	-5.40% Apr 18, 2022 - May 26, 2022	-0.97% Feb 3, 2021 - Aug 2, 2021
#6	-4.98% Mar 18, 2026 - Mar 30, 2026	-0.93% Oct 28, 2025 - Nov 25, 2025
#7	-4.05% Apr 6, 2026 - Apr 22, 2026	-0.78% Sep 15, 2025 - Oct 10, 2025
#8	-3.48% May 4, 2026 - May 6, 2026	-0.68% Nov 26, 2025 - Dec 18, 2025
#9	-2.29% Mar 30, 2026 - Apr 2, 2026	-0.67% Jun 11, 2020 - Aug 4, 2020
#10	-1.80% Mar 12, 2026 - Mar 18, 2026	-0.65% Jan 14, 2026 - Feb 5, 2026
#11	-1.73% Feb 24, 2022 - Feb 28, 2022	-0.58% Mar 27, 2019 - May 7, 2019
#12	-1.59% Feb 14, 2022 - Feb 22, 2022	-0.53% Sep 4, 2019 - Oct 2, 2019
#13	-1.16% Mar 6, 2026 - Mar 10, 2026	-0.49% Jan 4, 2019 - Jan 31, 2019
#14	-0.86% Apr 30, 2026 - May 4, 2026	-0.48% Dec 30, 2025 - Jan 9, 2026
#15	-0.81% May 27, 2022 - Jun 2, 2022	-0.44% Oct 7, 2019 - Nov 5, 2019

Correlation

Correlation between PDBC and JMBS is 0.07 which considered as a very weak or no correlation - the stocks move independently of each other.

0.07

-101

Dividend Comparison (2016 - 2026)

PDBC vs JMBS dividend yield comparison.

Year	PDBC	JMBS
2026	0.00%	1.74%
2025	3.84%	5.03%
2024	4.42%	5.53%
2023	4.21%	4.38%
2022	13.05%	2.73%
2021	50.83%	1.16%
2020	0.01%	2.92%
2019	1.40%	3.64%
2018	1.00%	0.89%
2017	3.83%	0.00%
2016	6.51%	0.00%