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

In the year to Oct 28, 2026, with distributions reinvested, GLD returned +2.5% and PDBC +55.6%.

Which is cheaper, GLD or PDBC?

GLD is cheaper, by 0.19 percentage points a year. That is about $19 on $10,000 held for a year. Fees come from each fund's own filings.

Data as of Oct 28, 2026.

Across categories

GLD vs PDBC: Differences, Returns & Fees

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GLD is a commodity fund and PDBC an actively managed commodity fund, and over the year to Oct 28, 2026, PDBC returned +55.6% against +2.5%.

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Net assets on Oct 27, 2026: $135.8bn for SPDR Gold Shares and $8.0bn for Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF.

GLD on its own →PDBC on its own →

At a glance

+2.5%

GLD total return, 1 year

+55.6%

PDBC total return, 1 year

0.40%

GLD expense ratio

0.59%

PDBC expense ratio

Pair scorecard

GLD costs 0.19 points a year less; their one-year returns differ by 53.1 points; GLD is 17.0 times larger.

GLD vs PDBC: Differences, Returns & Fees
Measure	GLD	PDBC
Return
Measure	GLD	PDBC
Total return, 1 year	+2.5%	+55.6%
Drawdown
Measure	GLD	PDBC
Below its high	24.7%, high on Jan 29, 2026
Benchmark
Measure	GLD	PDBC
What it tracks	Gold	No index, actively managed
Cost and size
Measure	GLD	PDBC
Expense ratio	0.40%	0.59%
Net assets, as of Oct 27, 2026	$135.8bn	$8.0bn
Holdings
Measure	GLD	PDBC
Holdings in common	not published

Method

Side by side

GLD SPDR Gold Shares PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

Where it sits Commodity ETF Commodity ETF

Issuer State Street Invesco

What it is Holds gold Actively managed

Total return, 1 year +2.5% +55.6%

Its benchmark over the same days +2.7% (IAU) +54.6% (DBC)

Gap to its benchmark −0.2 pts vs IAU +1.0 pts vs DBC

Expense ratio 0.40% 0.59%

Holdings not counted 1

Net assets, as of Oct 27, 2026 $135.8bn $8.0bn

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

Alert

About each fund

GLD

Its expense ratio is 0.40% a year, for the three months to Jun 30, 2026, as its 10-Q states.

GLD holds gold. Over the year to Oct 28, 2026 it returned +2.5% with distributions reinvested, against +2.7% for its benchmark, the price of gold. It sat 24.7% below its high of Jan 29, 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, GLD or PDBC?: In the year to Oct 28, 2026, with distributions reinvested, GLD returned +2.5% and PDBC +55.6%.
Which is cheaper, GLD or PDBC?: GLD is cheaper, by 0.19 percentage points a year. That is about $19 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

GLD vs HGER GLD vs OUNZ GLD vs SLV GLD vs GLDM IAU vs PDBC PDBC vs SLV GLDM vs PDBC PDBC vs SIVR

Where to next

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

Sources and dates

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.

Cite this pageCitation, APA and Markdown

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

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