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

In the year to Oct 9, 2026, with distributions reinvested, NBCM returned +43.3% and PDBC +51.9%.

Which is cheaper, NBCM or PDBC?

PDBC is cheaper, by 0.06 percentage points a year. On $10,000 held for a year that difference is about $6. Fees come from each fund's prospectus.

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NBCM vs PDBC: how they differ

NBCM and PDBC hold 0% of their weight in the same names, and PDBC returned +51.9% over the year. Neuberger Commodity Strategy ETF and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF.

PDBC costs 0.06 points a year less; their one-year returns differ by 8.6 points; PDBC is 18.6 times larger.

	NBCM	PDBC
Expense ratio	0.65%	0.59%
Net assets, NBCM as of May 31, 2026 and PDBC as of Oct 8, 2026	$425m	$7.9bn
Total return, 1 year	+43.3%	+51.9%
Holdings in common	0%

Holdings in common uses holdings dated May 31, 2026 and Oct 8, 2026.

+43.3%

NBCM total return, 1 year

+51.9%

PDBC total return, 1 year

0.65%

NBCM expense ratio

0.59%

PDBC expense ratio

What they hold in common

By the books each fund has filed, NBCM and PDBC hold 0% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Oct 8, 2026.

50%

half

0% in common

Positions both hold, largest shared weight first

Holding NBCM PDBC

Only in NBCM

US BANK NA CINCINNATI 1.92%

MORGAN STANLEY BANK NA 1.68%

MERCK & CO INC 1.59%

JPMORGAN CHASE & CO 1.54%

BANK OF AMERICA CORP 1.40%

BANK OF NY MELLON CORP 1.37%

ENTERPRISE PRODUCTS OPER 1.22%

ABBOTT LABORATORIES 1.20%

Only in PDBC

POWERSHARES CAYMAN FUND 18.02%

On the same fields

NBCM

Neuberger Commodity Strategy ETF

PDBC

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

Where it sits Commodity ETF Commodity ETF

Issuer Neuberger Berman Invesco

What it is Actively managed Actively managed

Total return, 1 year +43.3% +51.9%

S&P 500 over the same days +17.3% +17.3%

Gap to the S&P 500 +26.1 pts +34.6 pts

Expense ratio 0.65% 0.59%

Holdings 149 1

Net assets, NBCM as of May 31, 2026 and PDBC as of Oct 8, 2026 $425m $7.9bn

NBCM and PDBC on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

NBCM in plain words

NBCM is actively managed and tracks no index. The prospectus expense ratio is 0.65% a year.

Over the year to Oct 9, 2026 it returned +43.3% with distributions reinvested, against +40.2% for its benchmark, the Bloomberg Commodity Index.

PDBC in plain words

PDBC is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +51.9% with distributions reinvested. The prospectus expense ratio is 0.59% a year.

Questions people ask

Which returned more over the last year, NBCM or PDBC?: In the year to Oct 9, 2026, with distributions reinvested, NBCM returned +43.3% and PDBC +51.9%.
Which is cheaper, NBCM or PDBC?: PDBC is cheaper, by 0.06 percentage points a year. On $10,000 held for a year that difference is about $6. Fees come from each fund's prospectus.

Other comparisons

CERY vs NBCM NBCM vs SDCI CMDT vs NBCM CMDY vs NBCM BCD vs PDBC CMDY vs PDBC FAAR vs PDBC CMDT vs PDBC

NBCM on its own →PDBC on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

NBCM filings on SEC EDGAR ↗NBCM prospectus with the expense ratio (SEC) ↗Neuberger Berman website ↗PDBC filings on SEC EDGAR ↗PDBC prospectus with the expense ratio (SEC) ↗Invesco page for PDBC ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

Cite this page

ETFIQ, NBCM against PDBC, data as of Oct 9, 2026. https://etfiq.com/compare/any/nbcm-vs-pdbc

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.