PDBC vs SMBS

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

PDBC vs SMBS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PDBC(ETF)	SMBS(ETF)
Net Assets	$6.30B	$6.30B
Expense Ratio	0.59%	0.03%
Max Drawdown	55.56%	3.68%
Sharpe Ratio	2.14	0.69
5Y Beta	0.17	0.03
5Y Dividends CAGR	35.96%	N/A

Net Assets

PDBC

$6.30B

SMBS

$6.30B

Expense Ratio

PDBC

0.59%

Winner

SMBS

0.03%

Max Drawdown

PDBC

55.56%

Winner

SMBS

3.68%

Sharpe Ratio

Winner

PDBC

2.14

SMBS

0.69

5Y Beta

PDBC

0.17

Winner

SMBS

0.03

5Y Dividends CAGR

PDBC

35.96%

SMBS

N/A

PDBC vs SMBS - Historical Returns

Returns include dividend reinvestment.

Period	PDBC	SMBS
1 month	+8.28%	-0.66%
3 months	+31.97%	-1.16%
6 months	+42.35%	+1.22%
1 year	+49.24%	+6.49%
5 years(CAGR)	+14.17%	N/A
10 years(CAGR)	+9.56%	N/A
Max(CAGR)	+4.50%	+5.72%

Winner

PDBC

+8.28%

SMBS

-0.66%

Winner

PDBC

+31.97%

SMBS

-1.16%

Winner

PDBC

+42.35%

SMBS

+1.22%

Winner

PDBC

+49.24%

SMBS

+6.49%

5Y(CAGR)

PDBC

+14.17%

SMBS

N/A

10Y(CAGR)

PDBC

+9.56%

SMBS

N/A

Max(CAGR)

PDBC

+4.50%

Winner

SMBS

+5.72%

PDBC vs SMBS - Annual Returns (2014 - 2026)

Returns include dividend reinvestment.

Year	PDBC	SMBS
2026	+40.81%	+0.56%
2025	+4.78%	+8.23%
2024	+2.93%	-0.07%
2023	-3.86%	N/A
2022	+18.74%	N/A
2021	+42.33%	N/A
2020	-8.29%	N/A
2019	+11.07%	N/A
2018	-13.27%	N/A
2017	+5.64%	N/A
2016	+19.28%	N/A
2015	-26.23%	N/A
2014	-15.49%	N/A

PDBC vs SMBS Drawdown Comparison

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

The maximum drawdown for SMBS was -3.20%, occurring on Jan 13, 2025. Recovery took 52 trading sessions.

The current PDBC drawdown is -1.11%. The current SMBS drawdown is -1.57%.

Rank	PDBC	SMBS
#1	-49.54% Nov 7, 2014 - Oct 14, 2021	-3.20% Dec 6, 2024 - Feb 25, 2025
#2	-27.64% Jun 9, 2022 - Mar 6, 2026	-2.83% Apr 4, 2025 - Jun 26, 2025
#3	-13.22% Mar 8, 2022 - Apr 18, 2022	-2.53% Feb 27, 2026 - Mar 26, 2026
#4	-11.62% Oct 20, 2021 - Jan 18, 2022	-1.11% Jun 26, 2025 - Aug 1, 2025
#5	-5.40% Apr 18, 2022 - May 26, 2022	-0.90% Oct 28, 2025 - Nov 25, 2025
#6	-4.98% Mar 18, 2026 - Mar 30, 2026	-0.89% Mar 3, 2025 - Apr 1, 2025
#7	-4.05% Apr 6, 2026 - Apr 22, 2026	-0.85% Sep 16, 2025 - Oct 14, 2025
#8	-3.48% May 4, 2026 - May 12, 2026	-0.78% Nov 26, 2025 - Dec 18, 2025
#9	-2.29% Mar 30, 2026 - Apr 2, 2026	-0.58% Jan 14, 2026 - Feb 6, 2026
#10	-1.80% Mar 12, 2026 - Mar 18, 2026	-0.47% Aug 13, 2025 - Aug 22, 2025
#11	-1.73% Feb 24, 2022 - Feb 28, 2022	-0.39% Aug 5, 2025 - Aug 13, 2025
#12	-1.59% Feb 14, 2022 - Feb 22, 2022	-0.39% Dec 29, 2025 - Jan 7, 2026
#13	-1.16% Mar 6, 2026 - Mar 10, 2026	-0.38% Nov 25, 2024 - Nov 29, 2024
#14	-1.11% May 12, 2026 - May 13, 2026	-0.36% Apr 1, 2025 - Apr 3, 2025
#15	-0.86% Apr 30, 2026 - May 4, 2026	-0.31% Oct 21, 2025 - Oct 28, 2025

Correlation

Correlation between PDBC and SMBS is 0.66 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.66

-101

Dividend Comparison (2016 - 2026)

PDBC vs SMBS dividend yield comparison.

Year	PDBC	SMBS
2026	0.00%	1.70%
2025	3.84%	4.83%
2024	4.42%	0.50%
2023	4.21%	0.00%
2022	13.05%	0.00%
2021	50.83%	0.00%
2020	0.01%	0.00%
2019	1.40%	0.00%
2018	1.00%	0.00%
2017	3.83%	0.00%
2016	6.51%	0.00%