Data as of Oct 28, 2026.

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PDBC vs SGOV: Differences, Returns & Fees

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Over the year to Oct 28, 2026, PDBC returned +55.6% to SGOV's +3.7%; 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 $117.0bn for iShares 0-3 Month Treasury Bond ETF.

At a glance
+55.6%
PDBC total return, 1 year
+3.7%
SGOV total return, 1 year
0.59%
PDBC expense ratio
0.09%
SGOV expense ratio

Pair scorecard

SGOV costs 0.50 points a year less; their one-year returns differ by 51.9 points; SGOV is 14.6 times larger.

PDBC vs SGOV: Differences, Returns & Fees
MeasurePDBCSGOV
Return
Total return, 1 year+55.6%+3.7%
Benchmark
What it tracksNo index, actively managedICE 0-3 Month US Treasury Securities Index
Cost and size
Expense ratio0.59%0.09%
Net assets, as of Oct 27, 2026$8.0bn$117.0bn
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, PDBC and SGOV 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 PDBC SGOV
Only in one fund ↓
Only in PDBC
POWERSHARES CAYMAN FUND 19.37%
Only in SGOV
TREASURY BILL 8.53%
TREASURY BILL 8.19%
TREASURY BILL 7.63%
TREASURY BILL 6.87%
TREASURY BILL 6.80%
TREASURY BILL 6.00%
TREASURY BILL 5.22%
TREASURY BILL 5.22%
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Side by side

PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF SGOV iShares 0-3 Month Treasury Bond ETF
Where it sits Commodity ETF Bond ETF
What it is Actively managed Tracks an index of 0-3 month T-bills
Total return, 1 year +55.6% +3.7%
Its benchmark over the same days +54.6% (DBC) not measured
Gap to its benchmark +1.0 pts vs DBC not measured
Expense ratio 0.59% 0.09%
Holdings 1 22
Net assets, as of Oct 27, 2026 $8.0bn $117.0bn

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

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About each fund
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.

SGOV

SGOV tracks an index of 0-3 month T-bills. Over the year to Oct 28, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.09% a year.

Questions people ask

Which returned more over the last year, PDBC or SGOV?
In the year to Oct 28, 2026, with distributions reinvested, PDBC returned +55.6% and SGOV +3.7%.
Which is cheaper, PDBC or SGOV?
SGOV is cheaper, by 0.50 percentage points a year. That is about $50 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, PDBC against SGOV, data as of Oct 28, 2026. https://etfiq.com/compare/any/pdbc-vs-sgov

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