Which returned more over the last year, BIL or PDBC?

In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and PDBC +55.6%.

Which is cheaper, BIL or PDBC?

BIL is cheaper, by 0.45 percentage points a year. That is about $45 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

BIL vs PDBC: Differences, Returns & Fees

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Over the year to Oct 28, 2026, BIL returned +3.7% to PDBC's +55.6%; 0% of their weight is in the same names.

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Net assets on Oct 27, 2026: $48.7bn for SPDR Bloomberg 1-3 Month T-Bill ETF and $8.0bn for Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF.

BIL on its own →PDBC on its own →

At a glance

+3.7%

BIL total return, 1 year

+55.6%

PDBC total return, 1 year

0.14%

BIL expense ratio

0.59%

PDBC expense ratio

Pair scorecard

BIL costs 0.45 points a year less; their one-year returns differ by 51.9 points; BIL is 6.1 times larger.

BIL vs PDBC: Differences, Returns & Fees
Measure	BIL	PDBC
Return
Measure	BIL	PDBC
Total return, 1 year	+3.7%	+55.6%
Benchmark
Measure	BIL	PDBC
What it tracks	Bloomberg 1-3 Month U.S. Treasury Bill Index	No index, actively managed
Cost and size
Measure	BIL	PDBC
Expense ratio	0.14%	0.59%
Net assets, as of Oct 27, 2026	$48.7bn	$8.0bn
Holdings
Measure	BIL	PDBC
Holdings in common	0%

Holdings in common uses holdings dated Oct 27, 2026. Method

What they share

By the books each fund has filed, BIL and PDBC hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first BIL PDBC

Only in one fund ↓

Only in BIL

TREASURY BILL 12/26 0.00000 7.94%

TREASURY BILL 12/26 0.00000 6.66%

TREASURY BILL 12/26 0.00000 6.46%

TREASURY BILL 12/26 0.00000 6.40%

TREASURY BILL 12/26 0.00000 6.39%

TREASURY BILL 11/26 0.00000 6.26%

TREASURY BILL 12/26 0.00000 6.21%

TREASURY BILL 11/26 0.00000 4.85%

Only in PDBC

POWERSHARES CAYMAN FUND 19.37%

Check overlap with more funds →

Side by side

BIL SPDR Bloomberg 1-3 Month T-Bill ETF PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

Where it sits Bond ETF Commodity ETF

Issuer State Street Invesco

What it is Tracks an index of 1-3 month T-bills Actively managed

Total return, 1 year +3.7% +55.6%

Its benchmark over the same days not measured +54.6% (DBC)

Gap to its benchmark not measured +1.0 pts vs DBC

Expense ratio 0.14% 0.59%

Holdings 26 1

Net assets, as of Oct 27, 2026 $48.7bn $8.0bn

BIL and PDBC on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Alert

About each fund

BIL

BIL tracks an index of 1-3 month T-bills. Over the year to Oct 28, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.14% a year.

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, BIL or PDBC?: In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and PDBC +55.6%.
Which is cheaper, BIL or PDBC?: BIL is cheaper, by 0.45 percentage points a year. That is about $45 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

BIL vs HGER BIL vs IAU BIL vs BWET BIL vs SIVR PDBC vs SHV PDBC vs PULS PDBC vs USFR MINT vs PDBC

Where to next

BIL on its own →PDBC on its own →Hold both: look the portfolio through →Rankings →BIL dividend history →BIL holdings →PDBC dividend history →PDBC holdings →Standards and sources →

Sources and dates

BIL filings on SEC EDGAR ↗

BIL prospectus with the expense ratio (SEC) ↗

State Street website ↗

PDBC filings on SEC EDGAR ↗

PDBC prospectus with the expense ratio (SEC) ↗

Invesco page for PDBC ↗

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, BIL against PDBC, data as of Oct 28, 2026. https://etfiq.com/compare/any/bil-vs-pdbc

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.