Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA) IV/HV History
Comparing implied volatility to historical (realized) volatility reveals whether options are priced rich or cheap relative to actual price movement. Persistent gaps can signal trading opportunities.
Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $95.8M, listed on NASDAQ, carrying a beta of 0.33 to the broader market. 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. public since 2022-08-24.
Snapshot as of May 15, 2026.
- Spot Price
- $37.13
- ATM IV
- 19.7%
- HV 20-Day
- 14.8%
- HV 60-Day
- 10.8%
- IV Rank
- 19.4%
- IV Percentile
- 17.1%
As of May 15, 2026, Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA) ATM implied volatility is 19.7%. 20-day realized volatility is 14.8%, producing an IV-HV spread of +4.9 vol points. Options are pricing in more volatility than the stock has recently delivered, the volatility risk premium. IV rank is 19.4%.
How PDBA iv/hv history Data Feeds Strategy Selection
Strategy selection on Invesco Agriculture Commodity Strategy No K-1 ETF options does not derive from any single metric in isolation. The iv/hv history view above sits inside a broader read: ATM IV currently sits at 19.7% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the iv/hv history data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
Learn how implied vs realized volatility is reported and how to read the data →
Frequently asked PDBA iv/hv history questions
- Is PDBA options pricing rich or cheap right now?
- As of May 15, 2026, Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA) ATM IV is 19.7% against 20-day realized volatility of 14.8%. IV rank is 19.4%. PDBA options are pricing in more volatility than the stock has recently realized: a positive variance risk premium worth 4.9 vol points.
- What is the PDBA variance risk premium?
- The variance risk premium is the persistent gap between implied and subsequently realized volatility. In equity markets it averages positive because option sellers demand compensation for bearing variance shocks. PDBA is currently priced consistently with this premium, which is one input to whether short-vol or long-vol structures carry their typical edge.
- What does PDBA IV rank mean for strategy selection?
- IV rank normalizes the current ATM IV to its 1-year range: 0% is the low, 100% is the high. PDBA's current rank of 19.4% signals where current pricing sits in its own 1-year history. High-rank regimes typically favor premium-selling structures (credit spreads, condors, covered calls); low-rank regimes typically favor premium-buying or long-volatility structures.