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

In the year to Oct 28, 2026, with distributions reinvested, PDBC returned +55.6% and USO +133.3%.

Which is cheaper, PDBC or USO?

PDBC is cheaper, by 0.27 percentage points a year. That is about $27 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

PDBC vs USO: Differences, Returns & Fees

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PDBC is an actively managed commodity fund and USO a commodity futures fund, and over the year to Oct 28, 2026, USO returned +133.3% against +55.6%.

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Net assets: $8.0bn on Oct 27, 2026 for Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF, and $1.9bn on Oct 28, 2026 for United States Oil Fund, LP.

PDBC on its own →USO on its own →

At a glance

+55.6%

PDBC total return, 1 year

+133.3%

USO total return, 1 year

0.59%

PDBC expense ratio

0.86%

USO expense ratio

Pair scorecard

PDBC costs 0.27 points a year less; their one-year returns differ by 77.7 points; PDBC is 4.2 times larger.

PDBC vs USO: Differences, Returns & Fees
Measure	PDBC	USO
Return
Measure	PDBC	USO
Total return, 1 year	+55.6%	+133.3%
Drawdown
Measure	PDBC	USO
Below its high		82.3%, high on Jul 14, 2008
Benchmark
Measure	PDBC	USO
What it tracks	No index, actively managed	Oil futures
Cost and size
Measure	PDBC	USO
Expense ratio	0.59%	0.86%
Net assets, as of Oct 27, 2026	$8.0bn	$1.9bn
Holdings
Measure	PDBC	USO
Holdings in common	not published

Method

Side by side

PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF USO United States Oil Fund, LP

Where it sits Commodity ETF Commodity ETF

Issuer Invesco USCF

What it is Actively managed Holds oil futures

Total return, 1 year +55.6% +133.3%

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% 0.86%

Holdings 1 not counted

Net assets, PDBC as of Oct 27, 2026 and USO as of Oct 28, 2026 $8.0bn $1.9bn

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

Alert

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.

USO

USO holds oil futures. Over the year to Oct 28, 2026 it returned +133.3% with distributions reinvested. The prospectus expense ratio is 0.86% a year. It sat 82.3% below its high of Jul 14, 2008 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, PDBC or USO?: In the year to Oct 28, 2026, with distributions reinvested, PDBC returned +55.6% and USO +133.3%.
Which is cheaper, PDBC or USO?: PDBC is cheaper, by 0.27 percentage points a year. That is about $27 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

PDBC vs SIVR BWET vs PDBC PDBC vs SLV GLD vs PDBC HGER vs USO OILK vs USO BWET vs USO GLDM vs USO

Where to next

PDBC on its own →USO on its own →Hold both: look the portfolio through →Rankings →PDBC dividend history →PDBC holdings →Standards and sources →

Sources and dates

PDBC filings on SEC EDGAR ↗

PDBC prospectus with the expense ratio (SEC) ↗

Invesco page for PDBC ↗

USCF website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

Cite this pageCitation, APA and Markdown

ETFIQ, PDBC against USO, data as of Oct 28, 2026. https://etfiq.com/compare/any/pdbc-vs-uso

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