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ETFs

Invesco Actively Managed Exchange-Traded Commodity Fund Trust Invesco Agriculture Commodity Strategy No K-1 ETF

PDBA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 24 2022
Expense Ratio
0.59%
Type
Global Commodities & Metals
Fund Owner
Invesco
Volume (1m avg. daily)
$173,970
AUM
$12,870,788
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

IUGXX
Invesco Premier US Government Money Portfolio
39.79%
B 0 10/19/23
United States Treasury Bill
3.87%
B 0 11/16/23
United States Treasury Bill
3.86%
STUSDIC
Invesco US Dollar Liquidity Portfolio
2.47%
Invest with PDBA

What is PDBA?

Invesco Agriculture Commodity Strategy No K-1 ETF (Fund) is an actively managed exchange-traded fund (ETF) that seeks long-term capital appreciation by investing in commodity futures, commodity-linked futures and collateral such as cash cash-like instruments or high-quality securities that are economically linked to the agriculture sector. The Fund seeks to exceed the performance of the DBIQ Diversified Agriculture Index Excess Return Index composed of futures contracts of the 11 most actively traded global agricultural commodities.

ETFs related toPDBA

ETFs correlated to PDBA include DBA, FTGC, WEAT

PDBA
Invesco Exchange-Traded Fund Trust II - Invesco Agriculture Commodity Strategy No K-1 ETF
DBA
Invesco DB Multi-Sector Commodity Trust - Invesco DB Agriculture Fund
FTGC
First Trust Exchange-Traded Fund III - First Trust Global Tactical Commodity Strategy Fund
WEAT
Teucrium Trading, LLC - Teucrium Wheat Fund
CORN
Teucrium Trading, LLC - Teucrium Corn Fund
USCI
United States Commodity Funds LLC - United States Commodity Index Fund
BCD
abrdn ETF - abrdn Bloomberg All Comm Longer Dt Strategy K-1 Free ETF
DJP
Barclays Bank PLC - iPath Bloomberg Commodity Total Return ETN
BCI
abrdn ETF - abrdn Bloomberg All Commodity Strategy K-1 Free ETF
CANE
Teucrium Trading, LLC - Teucrium Sugar Fund
CMDT
Pimco Exchange Traded Fund - PIMCO Commodity Strategy Active Exchange-Traded Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toPDBA

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

Moderate

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with PDBA using Composer

FAQ

PDBA is a Global Commodities & Metals ETF. Invesco Agriculture Commodity Strategy No K-1 ETF (Fund) is an actively managed exchange-traded fund (ETF) that seeks long-term capital appreciation by investing in commodity futures, commodity-linked futures and collateral such as cash cash-like instruments or high-quality securities that are economically linked to the agriculture sector. The Fund seeks to exceed the performance of the DBIQ Diversified Agriculture Index Excess Return Index composed of futures contracts of the 11 most actively traded global agricultural commodities.

Yes, PDBA is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, PDBA is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PDBA is 0.0077%. This is the percent change in the value of PDBA over the most recent 1-month period. The 3-month return on PDBA is 0.0124%. This is the percent change in the value of PDBA over the most recent 3-month period.

The standard deviation of PDBA for the past year is 0.1047%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PDBA include TILL, OAIA, and SOYB.

ETFs correlated to PDBA include DBA, FTGC, and WEAT.

ETFs that are inversely correlated to PDBA include SCO, EFZ, and OILD.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.