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

In the year to Oct 28, 2026, with distributions reinvested, BOXX returned +4.0% and PDBC +55.6%.

Which is cheaper, BOXX or PDBC?

BOXX is cheaper, by 0.40 percentage points a year. That is about $40 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

BOXX vs PDBC: Differences, Returns & Fees

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BOXX is an actively managed short-term fund and PDBC an actively managed commodity fund, and over the year to Oct 28, 2026, PDBC returned +55.6% against +4.0%.

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Net assets: $14.5bn on Oct 28, 2026 for Alpha Architect 1-3 Month Box ETF, and $8.0bn on Oct 27, 2026 for Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF.

BOXX on its own →PDBC on its own →

At a glance

+4.0%

BOXX total return, 1 year

+55.6%

PDBC total return, 1 year

0.19%

BOXX expense ratio

0.59%

PDBC expense ratio

Pair scorecard

BOXX costs 0.40 points a year less; their one-year returns differ by 51.6 points; BOXX is 1.8 times larger.

BOXX vs PDBC: Differences, Returns & Fees
Measure	BOXX	PDBC
Return
Measure	BOXX	PDBC
Total return, 1 year	+4.0%	+55.6%
Benchmark
Measure	BOXX	PDBC
What it tracks	No index, actively managed	No index, actively managed
Cost and size
Measure	BOXX	PDBC
Expense ratio	0.19%	0.59%
Net assets, as of Oct 26, 2026	$14.4bn	$8.1bn
Holdings
Measure	BOXX	PDBC
Holdings in common	not published

Method

Risk and return

Jan 6, 2023 to Oct 23, 2026 · 198 weekly returns

BOXX PDBC

Return

Total return edge PDBC +18.9% +62.5%

Annualized edge PDBC +4.6% +13.6%

Price return edge PDBC +18.6% +43.7%

Risk

Volatility edge BOXX 0.2% 16.8%

Max drawdown edge BOXX −0.1% −14.7%

Risk-adjusted

Sharpe edge PDBC −0.25 0.57

Sortino edge PDBC −0.35 0.89

Calmar Not measured 0.92

Reading

PDBC returned more: +62.5% to +18.9%. BOXX swung less: 0.2% to 16.8%. BOXX fell less at its worst: −0.1% to −14.7%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: BOXX vs PDBC: Differences, Returns & Fees
Measure	BOXX	PDBC	Edge	How it is measured
Return
Total return	+18.9%	+62.5%	PDBC	Price change plus distributions, reinvested.
Annualized	+4.6%	+13.6%	PDBC	Total return as a yearly rate.
Price return	+18.6%	+43.7%	PDBC	Price change alone, distributions left out.
Risk
Volatility	0.2%	16.8%	BOXX	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	0.2%	10.8%	BOXX	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−0.1%	−14.7%	BOXX	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.25	0.57	PDBC	Return above Treasury bills per unit of volatility.
Sortino	−0.35	0.89	PDBC	Return above Treasury bills per unit of downside deviation.
Calmar	Not measured	0.92		Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 198 weekly returns. Cash rate: the 13-week Treasury bill.

Side by side

BOXX Alpha Architect 1-3 Month Box ETF PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

Where it sits Bond ETF Commodity ETF

Issuer Alpha Architect Invesco

What it is Actively managed Actively managed

Total return, 1 year +4.0% +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 0.19% 0.59%

Holdings not counted 1

Net assets, BOXX as of Oct 28, 2026 and PDBC as of Oct 27, 2026 $14.5bn $8.0bn

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

Client brief · page 1 of 2 Report BR-226EF8DE46

BOXX and PDBC do different jobs. What does each one do in a portfolio?

One-year total return. Over 1 year to Oct 28, 2026 BOXX returned +4.0% and PDBC +55.6% with distributions reinvested, a gap of 51.6 points.
Cost. BOXX charges 0.19% of assets a year and PDBC 0.59%, a gap of 0.40 points.
What each follows (similar). Both follow No index, actively managed.

Data as of Oct 28, 2026.

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About each fund

BOXX

BOXX is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +4.0% with distributions reinvested. The prospectus expense ratio is 0.19% 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, BOXX or PDBC?: In the year to Oct 28, 2026, with distributions reinvested, BOXX returned +4.0% and PDBC +55.6%.
Which is cheaper, BOXX or PDBC?: BOXX is cheaper, by 0.40 percentage points a year. That is about $40 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

BOXX vs HGER BOXX vs IAU BOXX vs BWET BOXX vs SIVR PDBC vs VBIL MINT vs PDBC PDBC vs USFR PDBC vs PULS

Where to next

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

Sources and dates

BOXX filings on SEC EDGAR ↗

BOXX prospectus with the expense ratio (SEC) ↗

Alpha Architect 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.

Cite this pageCitation, APA and Markdown

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

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