Data as of Oct 28, 2026.
PDBC vs SDY: Differences, Returns & Fees
Over the year to Oct 28, 2026, PDBC returned +55.6% to SDY's +16.5%; 0% of their weight is in the same names.
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Net assets on Oct 27, 2026: $8.0bn for Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF and $21.9bn for State Street SPDR S&P Dividend ETF.
Pair scorecard
SDY costs 0.24 points a year less; their one-year returns differ by 39.1 points; SDY is 2.7 times larger.
| Measure | PDBC | SDY |
|---|---|---|
| Return | ||
| Total return, 1 year | +55.6% | +16.5% |
| Benchmark | ||
| What it tracks | No index, actively managed | S&P High Yield Dividend Aristocrats Index |
| Cost and size | ||
| Expense ratio | 0.59% | 0.35% |
| Net assets, as of Oct 27, 2026 | $8.0bn | $21.9bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 84% | |
| Top ten holdings, share of the fund | 20.4% | |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Nov 14, 2014 to Oct 23, 2026 · 623 weekly returnsSDY returned more: +200.1% to +85.7%. SDY swung less: 15.9% to 18.0%. SDY fell less at its worst: −32.4% to −48.3%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | PDBC | SDY | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +85.7% | +200.1% | SDY | Price change plus distributions, reinvested. |
| Annualized | +5.3% | +9.6% | SDY | Total return as a yearly rate. |
| Price return | −17.2% | +99.1% | SDY | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 18.0% | 15.9% | SDY | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.3% | 11.2% | SDY (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −48.3% | −32.4% | SDY | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.26 | 0.52 | SDY | Return above Treasury bills per unit of volatility. |
| Sortino | 0.38 | 0.74 | SDY | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.11 | 0.30 | SDY | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 623 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, PDBC and SDY 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
PDBC and SDY on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
PDBC and SDY do different jobs. What does each one do in a portfolio?
- What each follows. PDBC follows No index, actively managed and SDY follows S&P High Yield Dividend Aristocrats Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 PDBC returned +55.6% and SDY +16.5% with distributions reinvested, a gap of 39.1 points.
Data as of Oct 28, 2026.
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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.
SDY
SDY tracks the S&P Dividend. Over the year to Oct 28, 2026 it returned +16.5% with distributions reinvested. The prospectus expense ratio is 0.35% a year. By its holdings published by its issuer for Oct 27, 2026, 84% of the fund by weight is stocks the S&P 500 also holds, across 156 positions, with the top ten at 20.4%.
Questions people ask
- Which returned more over the last year, PDBC or SDY?
- In the year to Oct 28, 2026, with distributions reinvested, PDBC returned +55.6% and SDY +16.5%.
- Which is cheaper, PDBC or SDY?
- SDY is cheaper, by 0.24 percentage points a year. That is about $24 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, PDBC against SDY, data as of Oct 28, 2026. https://etfiq.com/compare/any/pdbc-vs-sdy
ETFIQ. (Oct 28, 2026). PDBC against SDY. Retrieved from https://etfiq.com/compare/any/pdbc-vs-sdy
[PDBC against SDY (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/pdbc-vs-sdy)
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