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

In the year to Sep 21, 2026, with distributions reinvested, IBIT returned −31.1% and PDBC returned +52.6%, so PDBC returned more.

Which is cheaper, IBIT or PDBC?

IBIT charges 0.25% a year and PDBC charges 0.59%, so IBIT is cheaper. Fees come from each fund's prospectus.

Data as of Sep 21, 2026.

ETFIQetfiq.com · independent ETF data

IBIT vs PDBC: how they differ

IBIT and PDBC hold 0% of their weight in the same names, and PDBC returned more over the year.

iShares Bitcoin Trust ETF and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF.

What they hold in common

By the books each fund has filed, IBIT and PDBC hold 0% of their money in the same securities at the same weight.

Only in each
Only in IBIT	Only in PDBC
BITCOIN 100.00%	Invesco Premier US Government Money Portfolio 81.58%
USD CASH 0.00%	POWERSHARES CAYMAN FUND 18.41%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 18, 2026 and Sep 19, 2026.

IBIT and PDBC on the fields both publish, as of Sep 21, 2026. Source: ETFIQ.
	IBIT iShares Bitcoin Trust ETF	PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
Where it sits	Core fund	Core fund
Issuer	iShares	Invesco
What it is	Holds bitcoin	Actively managed
Total return, 1 year	−31.1%	+52.6%
S&P 500 over the same days	+16.6%	+16.6%
Gap to the S&P 500	−47.6 pts	+36.0 pts
Expense ratio	0.25%	0.59%
Holdings	2	2
Net assets	$63.7bn	$7.9bn

IBIT in plain words

IBIT holds bitcoin. Over the year to Sep 18, 2026 it returned −31.1% with distributions reinvested, against +16.6% for the S&P 500 and +21.8% for the Nasdaq-100. The prospectus expense ratio is 0.25% a year. It sat 35.5% below its high of Oct 6, 2025 on Sep 18, 2026.

PDBC in plain words

PDBC is actively managed and tracks no index. Over the year to Sep 18, 2026 it returned +52.6% with distributions reinvested, against +16.6% for the S&P 500 and +21.8% for the Nasdaq-100. The prospectus expense ratio is 0.59% a year.

Questions people ask

Which returned more over the last year, IBIT or PDBC?: In the year to Sep 21, 2026, with distributions reinvested, IBIT returned −31.1% and PDBC returned +52.6%, so PDBC returned more.
Which is cheaper, IBIT or PDBC?: IBIT charges 0.25% a year and PDBC charges 0.59%, so IBIT is cheaper. Fees come from each fund's prospectus.

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Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

IBIT against PDBC, ETFIQ, data as of Sep 21, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, IBIT against PDBC, data as of Sep 21, 2026. https://etfiq.com/compare/any/ibit-vs-pdbc Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources