Data as of Oct 28, 2026.
LQD vs PDBC: Differences, Returns & Fees
Over the year to Oct 28, 2026, LQD returned −3.4% to PDBC's +55.6%; 0% of their weight is in the same names.
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Net assets on Oct 27, 2026: $30.6bn for iShares iBoxx $ Investment Grade Corporate Bond ETF and $8.0bn for Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF.
Pair scorecard
LQD costs 0.45 points a year less; their one-year returns differ by 59.0 points; LQD is 3.8 times larger.
| Measure | LQD | PDBC |
|---|---|---|
| Return | ||
| Total return, 1 year | −3.4% | +55.6% |
| Drawdown | ||
| Below its high | 6.3%, high on Sep 22, 2021 | |
| Benchmark | ||
| What it tracks | Markit iBoxx USD Liquid Investment Grade Index | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.14% | 0.59% |
| Net assets, as of Oct 27, 2026 | $30.6bn | $8.0bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Oct 27, 2026. Method
What they share
By the books each fund has filed, LQD and PDBC hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
LQD and PDBC on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
LQD
LQD tracks an index of US investment grade bonds. Over the year to Oct 28, 2026 it returned −3.4% with distributions reinvested, against −1.2% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.14% a year. It sat 6.3% below its high of Sep 22, 2021 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, LQD or PDBC?
- In the year to Oct 28, 2026, with distributions reinvested, LQD returned −3.4% and PDBC +55.6%.
- Which is cheaper, LQD or PDBC?
- LQD is cheaper, by 0.45 percentage points a year. That is about $45 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, LQD against PDBC, data as of Oct 28, 2026. https://etfiq.com/compare/any/lqd-vs-pdbc
ETFIQ. (Oct 28, 2026). LQD against PDBC. Retrieved from https://etfiq.com/compare/any/lqd-vs-pdbc
[LQD against PDBC (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/lqd-vs-pdbc)
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