Data as of Oct 28, 2026.
PDBC vs TLT: Differences, Returns & Fees
Over the year to Oct 28, 2026, PDBC returned +55.6% to TLT's −7.9%; 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 $47.4bn for iShares 20+ Year Treasury Bond ETF.
Pair scorecard
TLT costs 0.44 points a year less; their one-year returns differ by 63.5 points; TLT is 5.9 times larger.
| Measure | PDBC | TLT |
|---|---|---|
| Return | ||
| Total return, 1 year | +55.6% | −7.9% |
| Drawdown | ||
| Below its high | 42.6%, high on Aug 4, 2020 | |
| Benchmark | ||
| What it tracks | No index, actively managed | ICE U.S. Treasury 20+ Year Bond Index |
| Cost and size | ||
| Expense ratio | 0.59% | 0.15% |
| Net assets, as of Oct 27, 2026 | $8.0bn | $47.4bn |
| 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, PDBC and TLT 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 TLT on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
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.
TLT
TLT tracks an index of 20+ year Treasuries. Over the year to Oct 28, 2026 it returned −7.9% with distributions reinvested, against −7.8% for its benchmark, the ICE U.S. Treasury 20+ Year Bond Index. The prospectus expense ratio is 0.15% a year. It sat 42.6% below its high of Aug 4, 2020 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, PDBC or TLT?
- In the year to Oct 28, 2026, with distributions reinvested, PDBC returned +55.6% and TLT −7.9%.
- Which is cheaper, PDBC or TLT?
- TLT 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.
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.
Cite this pageCitation, APA and Markdown
ETFIQ, PDBC against TLT, data as of Oct 28, 2026. https://etfiq.com/compare/any/pdbc-vs-tlt
ETFIQ. (Oct 28, 2026). PDBC against TLT. Retrieved from https://etfiq.com/compare/any/pdbc-vs-tlt
[PDBC against TLT (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/pdbc-vs-tlt)
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