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DBC vs PDBC: how they differ

DBC is a commodity futures fund and PDBC an actively managed commodity fund, and over the year PDBC returned +51.9% against +51.0%. Invesco DB Commodity Index Tracking Fund and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF.

PDBC costs 0.26 points a year less; their one-year returns differ by 0.9 points; PDBC is 4.0 times larger.

DBCPDBC
Expense ratio0.85%0.59%
Net assets, as of Oct 8, 2026$2.0bn$7.9bn
Total return, 1 year+51.0%+51.9%
Holdings in commonnot published
Below its high14.8%, high on Jul 2, 2008
+51.0%
DBC total return, 1 year
+51.9%
PDBC total return, 1 year
0.85%
DBC expense ratio
0.59%
PDBC expense ratio

On the same fields

DBC
Invesco DB Commodity Index Tracking Fund
PDBC
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
Where it sits Commodity ETF Commodity ETF
Issuer Invesco Invesco
What it is Holds commodity futures Actively managed
Total return, 1 year +51.0% +51.9%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 +33.8 pts +34.6 pts
Expense ratio 0.85% 0.59%
Holdings not read by ETFIQ 1
Net assets, as of Oct 8, 2026 $2.0bn $7.9bn

DBC and PDBC on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

DBC in plain words

DBC holds commodity futures. Over the year to Oct 9, 2026 it returned +51.0% with distributions reinvested. The prospectus expense ratio is 0.85% a year. It sat 14.8% below its high of Jul 2, 2008 on Oct 9, 2026.

PDBC in plain words

PDBC is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +51.9% with distributions reinvested. The prospectus expense ratio is 0.59% a year.

Questions people ask

Which returned more over the last year, DBC or PDBC?
In the year to Oct 9, 2026, with distributions reinvested, DBC returned +51.0% and PDBC +51.9%.
Which is cheaper, DBC or PDBC?
PDBC is cheaper, by 0.26 percentage points a year. On $10,000 held for a year that difference is about $26. Fees come from each fund's prospectus.
Other comparisons
DBC vs HGERDBC vs GSGDBC vs SDCICMDT vs DBCBCI vs PDBCBCD vs PDBCPDBC vs PITFTGC vs PDBC
DBC on its own →PDBC on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
DBC filings on SEC EDGAR ↗Invesco page for DBC ↗PDBC filings on SEC EDGAR ↗PDBC prospectus with the expense ratio (SEC) ↗Invesco page for PDBC ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, DBC against PDBC, data as of Oct 9, 2026. https://etfiq.com/compare/any/dbc-vs-pdbc

Open data

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