Data as of Oct 28, 2026.
AVEM vs PDBC: Differences, Returns & Fees
Over the year to Oct 28, 2026, AVEM returned +17.9% to PDBC's +55.6%; 0% of their weight is in the same names.
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Net assets on Oct 27, 2026: $27.3bn for Avantis Emerging Markets Equity ETF and $8.0bn for Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF.
Pair scorecard
AVEM costs 0.26 points a year less; their one-year returns differ by 37.7 points; AVEM is 3.4 times larger.
| Measure | AVEM | PDBC |
|---|---|---|
| Return | ||
| Total return, 1 year | +17.9% | +55.6% |
| Drawdown | ||
| Below its high | 10.2%, high on Jun 22, 2026 | |
| Benchmark | ||
| What it tracks | No index, actively managed | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.33% | 0.59% |
| Net assets, as of Oct 27, 2026 | $27.3bn | $8.0bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 0% | |
| Top ten holdings, share of the fund | 28.7% | |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Sep 27, 2019 to Oct 23, 2026 · 369 weekly returnsPDBC returned more: +157.8% to +113.9%. AVEM and PDBC swung about the same: 19.6% and 19.8%. PDBC fell slightly less at its worst: −32.2% to −34.8%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | AVEM | PDBC | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +113.9% | +157.8% | PDBC | Price change plus distributions, reinvested. |
| Annualized | +11.3% | +14.3% | PDBC | Total return as a yearly rate. |
| Price return | +79.6% | +28.7% | AVEM | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.6% | 19.8% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 14.1% | 12.9% | PDBC (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −34.8% | −32.2% | PDBC (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.50 | 0.63 | PDBC | Return above Treasury bills per unit of volatility. |
| Sortino | 0.70 | 0.96 | PDBC | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.32 | 0.44 | PDBC | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 369 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, AVEM and PDBC hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
AVEM and PDBC on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
AVEM and PDBC do different jobs. What does each one do in a portfolio?
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 AVEM returned +17.9% and PDBC +55.6% with distributions reinvested, a gap of 37.7 points.
- Number of holdings. AVEM holds 4,088 positions and PDBC holds 1.
Data as of Oct 28, 2026.
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AVEM
AVEM is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +17.9% with distributions reinvested. The prospectus expense ratio is 0.33% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 4,088 positions, with the top ten at 28.7%. It sat 10.2% below its high of Jun 22, 2026 on Oct 28, 2026.
PDBC
PDBC is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +55.6% with distributions reinvested, against +54.6% for its benchmark, the DBIQ Optimum Yield Diversified Commodity Index Excess Return. The prospectus expense ratio is 0.59% a year.
Questions people ask
- Which returned more over the last year, AVEM or PDBC?
- In the year to Oct 28, 2026, with distributions reinvested, AVEM returned +17.9% and PDBC +55.6%.
- Which is cheaper, AVEM or PDBC?
- AVEM is cheaper, by 0.26 percentage points a year. That is about $26 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Cite this pageCitation, APA and Markdown
ETFIQ, AVEM against PDBC, data as of Oct 28, 2026. https://etfiq.com/compare/any/avem-vs-pdbc
ETFIQ. (Oct 28, 2026). AVEM against PDBC. Retrieved from https://etfiq.com/compare/any/avem-vs-pdbc
[AVEM against PDBC (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/avem-vs-pdbc)
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