PDBC observed max drawdown: 44.5%
Invesco Optimum Yield Diversified Commodity. From its 2014-11-30 peak, PDBC fell 44.5% to the 2020-04-30 trough and needed 6.8 years to make a new high (2021-09-30). Computed from 143 months of observed fund history. Fund inception boundary (first available fund observation): 2014-11-07; the monthly analysis runs from 2014-11-30 through 2026-09-30.
Before 2014-11-07, the extended history is simulated. Observed fund drawdowns come first; simulation assumptions and results are separated below.
What is PDBC's observed maximum drawdown?
PDBC's observed maximum drawdown was 44.5%, from a peak in 2014-11-30 to a trough in 2020-04-30, based on monthly closes from fund prices first observed on 2014-11-07. The sample contains 143 monthly observations through 2026-09-30. Monthly closes can miss deeper daily losses.
| Measure | Value |
|---|---|
| Maximum drawdown | -44.5% |
| Peak | 2014-11-30 |
| Trough | 2020-04-30 |
| Recovered | 2021-09-30 |
| Monthly observations | 143 |
Last verified
What is PDBC's observed maximum drawdown?
PDBC's observed maximum drawdown was 44.5%, from a peak in 2014-11-30 to a trough in 2020-04-30, based on monthly closes from fund prices first observed on 2014-11-07.
How long did PDBC take to recover from its worst drawdown?
PDBC took 6.8 years from the 2014-11-30 peak to make a new high in 2021-09-30, based only on observed fund prices.
What was PDBC's worst 12-month return?
PDBC's worst observed rolling 12-month return was -30.7%, in the 12 months ending 2020-04-30.
PDBC observed fund drawdown statistics
2014-11-30 peak to 2020-04-30 trough.
New high reached 2021-09-30.
Share of all months spent below a prior high.
Rolling year ending 2020-04-30.
The biggest PDBC drawdowns in observed fund history
| Depth | Peak | Trough | Recovered | Peak to trough | Total underwater |
|---|---|---|---|---|---|
| -44.5% | 2014-11-30 | 2020-04-30 | 2021-09-30 | 65 mo | 6.8 years |
| -23.1% | 2022-05-31 | 2023-05-31 | 2026-03-31 | 12 mo | 3.8 years |
| -14.3% | 2026-04-30 | 2026-06-30 | 2026-08-31 | 2 mo | 4 months |
| -8.4% | 2021-10-31 | 2021-11-30 | 2022-01-31 | 1 mo | 3 months |
Methodology: observed PDBC fund prices only, first available from 2014-11-07. Monthly closing-price statistics cover 2014-11-30 through 2026-09-30; no proxy or pre-inception simulation is included in this table. Educational information, not investment advice.
Before 2014-11-07: simulated from the underlying index with assumptions
This separate series combines observed prices with a modeled pre-inception extension from 1970-01-31 through 2026-10-31. The 2026-10-31 endpoint is the legacy current partial-month bucket/month-end label, not evidence that PDBC was observed through that future date. It is not observed PDBC performance. The API's observed boundary is 2014-11-07; observed monthly statistics run from 2014-11-30 through 2026-09-30.
- Rebalancing convention: monthly rebalance at month-end close; drawdown statistics use monthly closing prices.
- Proxy source for PDBC: DBC (proxy_etf), from 1969-12-31 to 2014-11-06.
- Proxy source for DBC: ^SPGSCI (proxy_index), from 1984-01-03 to 2006-02-03.
- Proxy source for DBC: gsci (static_monthly), from 1969-12-31 to 1983-12-30.
- Proxy source for SPY: VFINX (proxy_etf), from 1987-01-06 to 1993-01-28.
- Proxy source for SPY: SP500_TR_DAILY (static), from 1976-08-31 to 1987-01-05.
- Proxy source for SPY: spy_tr (static_monthly), from 1900-01-31 to 1976-08-30.
Modeled extended statistics
2008-06-30 peak to 2020-04-30 trough.
Still below the prior peak.
Share of all months spent below a prior high.
Rolling year ending 2009-06-30.
For context, SPY (the S&P 500 baseline) had a maximum drawdown of 50.8% over the same kind of monthly-close analysis.
Modeled extended drawdowns
| Depth | Peak | Trough | Recovered | Peak to trough | Total underwater |
|---|---|---|---|---|---|
| -74.3% | 2008-06-30 | 2020-04-30 | not yet | 142 mo | 18.3 years |
| -51.6% | 1990-09-30 | 1999-02-28 | 2003-02-28 | 101 mo | 12.4 years |
| -37.5% | 1974-11-30 | 1977-07-31 | 1979-01-31 | 32 mo | 4.2 years |
| -35.3% | 1980-10-31 | 1986-07-31 | 1990-09-30 | 69 mo | 9.9 years |
| -22.6% | 2003-02-28 | 2003-04-30 | 2004-02-29 | 2 mo | 12 months |
Monthly closing prices, peak-to-trough on total return where available. The pre-inception segment is a reconstruction, not a live fund record, and actual tracking, financing, taxes, spreads, and volatility drag can differ.
Drawdowns are the reason tactical strategies exist
Buy-and-hold PDBC means living through every number on this page. BestFolio tracks published TAA strategies whose whole job is cutting these drawdowns, with out-of-sample track records.