Data as of Oct 28, 2026.

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IEF vs PDBC: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IEF returned −3.2% to PDBC's +55.6%; 0% of their weight is in the same names.

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Net assets on Oct 27, 2026: $43.5bn for iShares 7-10 Year Treasury Bond ETF and $8.0bn for Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF.

At a glance
−3.2%
IEF total return, 1 year
+55.6%
PDBC total return, 1 year
0.15%
IEF expense ratio
0.59%
PDBC expense ratio

Pair scorecard

IEF costs 0.44 points a year less; their one-year returns differ by 58.8 points; IEF is 5.4 times larger.

IEF vs PDBC: Differences, Returns & Fees
MeasureIEFPDBC
Return
Total return, 1 year−3.2%+55.6%
Drawdown
Below its high13.1%, high on Aug 4, 2020
Benchmark
What it tracksICE U.S. Treasury 7-10 Year Bond IndexNo index, actively managed
Cost and size
Expense ratio0.15%0.59%
Net assets, as of Oct 27, 2026$43.5bn$8.0bn
Holdings
Holdings in common0%

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

What they share

0%

By the books each fund has filed, IEF 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 IEF PDBC
Only in one fund ↓
Only in IEF
TREASURY NOTE 8.82%
TREASURY NOTE 8.80%
TREASURY NOTE 8.74%
TREASURY NOTE 8.68%
TREASURY NOTE (OLD) 8.68%
TREASURY NOTE (2OLD) 8.65%
TREASURY NOTE 8.48%
TREASURY NOTE 8.40%
Only in PDBC
POWERSHARES CAYMAN FUND 19.37%
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Side by side

IEF iShares 7-10 Year Treasury Bond ETF PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
Where it sits Bond ETF Commodity ETF
What it is Tracks an index of 7-10 Year Treasury Bond Actively managed
Total return, 1 year −3.2% +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 0.15% 0.59%
Holdings 17 1
Net assets, as of Oct 27, 2026 $43.5bn $8.0bn

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

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About each fund
IEF

IEF tracks an index of 7-10 Year Treasury Bond. Over the year to Oct 28, 2026 it returned −3.2% with distributions reinvested. The prospectus expense ratio is 0.15% a year. It sat 13.1% below its high of Aug 4, 2020 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, IEF or PDBC?
In the year to Oct 28, 2026, with distributions reinvested, IEF returned −3.2% and PDBC +55.6%.
Which is cheaper, IEF or PDBC?
IEF is cheaper, by 0.44 percentage points a year. That is about $44 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, IEF against PDBC, data as of Oct 28, 2026. https://etfiq.com/compare/any/ief-vs-pdbc

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