Data as of Oct 28, 2026.

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EFA vs PDBC: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EFA returned +12.1% to PDBC's +55.6%; 0% of their weight is in the same names.

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Net assets on Oct 27, 2026: $76.8bn for iShares MSCI EAFE ETF and $8.0bn for Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF.

At a glance
+12.1%
EFA total return, 1 year
+55.6%
PDBC total return, 1 year
0.32%
EFA expense ratio
0.59%
PDBC expense ratio

Pair scorecard

EFA costs 0.27 points a year less; their one-year returns differ by 43.5 points; EFA is 9.6 times larger.

EFA vs PDBC: Differences, Returns & Fees
MeasureEFAPDBC
Return
Total return, 1 year+12.1%+55.6%
Drawdown
Below its high4.7%, high on Aug 25, 2026
Benchmark
What it tracksMSCI EAFE IndexNo index, actively managed
Cost and size
Expense ratio0.32%0.59%
Net assets, as of Oct 27, 2026$76.8bn$8.0bn
Holdings
Holdings in common0%
In the S&P 500, by weight0%
Top ten holdings, share of the fund14.3%

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

What they share

0%

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

0 half 100%

half

0% in common

Positions both hold · largest shared weight first EFA PDBC
Only in one fund ↓
Only in EFA
ASML HOLDING 2.98%
ROCHE PS PAR AG 1.58%
SHELL 1.42%
HSBC HOLDINGS PLC 1.38%
NOVARTIS AG 1.33%
ASTRAZENECA PLC 1.21%
NESTLE SA 1.21%
SAP 1.13%
Only in PDBC
POWERSHARES CAYMAN FUND 19.37%
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Side by side

EFA iShares MSCI EAFE ETF PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
Where it sits Stock ETF Commodity ETF
What it is Tracks an index of Developed markets ex US Actively managed
Total return, 1 year +12.1% +55.6%
Its benchmark over the same days +14.3% (ACWX) +54.6% (DBC)
Gap to its benchmark −2.2 pts vs ACWX +1.0 pts vs DBC
Expense ratio 0.32% 0.59%
Holdings 665 1
Net assets, as of Oct 27, 2026 $76.8bn $8.0bn

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

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About each fund
EFA

EFA tracks an index of Developed markets ex US. Over the year to Oct 28, 2026 it returned +12.1% with distributions reinvested, against +14.3% for its benchmark, the MSCI ACWI ex USA Index. The prospectus expense ratio is 0.32% 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 665 positions, with the top ten at 14.3%. It sat 4.7% below its high of Aug 25, 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, EFA or PDBC?
In the year to Oct 28, 2026, with distributions reinvested, EFA returned +12.1% and PDBC +55.6%.
Which is cheaper, EFA or PDBC?
EFA is cheaper, by 0.27 percentage points a year. That is about $27 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, EFA against PDBC, data as of Oct 28, 2026. https://etfiq.com/compare/any/efa-vs-pdbc

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