PDBC’s worst drop since 2014 was 49%
Invesco Optimum Yield Diversified Commodity Strategy ETF (PDBC) fell 49% from Nov 2014 to Apr 2020. It took 6.9 years from that peak to close at a new high, in Oct 2021. Over the same years the S&P 500 fell as much as 34%.
That drop is milder than most. It ranks 106th of the 203 ETFs PortfolioAutopsy tracks, counted from the deepest.
Drawdown from the last high, 2014 to now
How PDBC held up in each crash
| Crash | Years | PDBC | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | not trading yet | −55.2% |
| COVID crash | 2020 | −33.2% | −33.7% |
| 2022 rate shock | 2022 | −23.4% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
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What was PDBC’s maximum drawdown?
PDBC’s deepest fall since 2014 was 49.3%, from its high on November 10, 2014 to its low on April 28, 2020. The figure uses daily prices with dividends reinvested.
How long did PDBC take to recover?
6.9 years. PDBC first closed above its Nov 2014 high again on October 13, 2021.
Was PDBC riskier than the S&P 500?
Over the same years, PDBC’s worst drop was 49.3% against 33.7% for the S&P 500 (SPY), and its worst 12 months were −33.6% against −19.7%.
Compare with
Daily adjusted closes from Yahoo Finance, November 10, 2014 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.