Data as of Oct 28, 2026.
PDBC vs VBIL: Differences, Returns & Fees
Over the year to Oct 28, 2026, PDBC returned +55.6% to VBIL's +3.7%; 0% of their weight is in the same names.
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Net assets: $8.0bn on Oct 27, 2026 for Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF, and $12.8bn on Sep 30, 2026 for Vanguard 0-3 Month Treasury Bill ETF.
Pair scorecard
VBIL costs 0.53 points a year less; their one-year returns differ by 51.9 points.
| Measure | PDBC | VBIL |
|---|---|---|
| Return | ||
| Total return, 1 year | +55.6% | +3.7% |
| Benchmark | ||
| What it tracks | No index, actively managed | Bloomberg U.S. Treasury Bills 0-3 Months Index |
| Cost and size | ||
| Expense ratio | 0.59% | 0.06% |
| Net assets, PDBC as of Oct 27, 2026 and VBIL as of Sep 30, 2026 | $8.0bn | $12.8bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method
Risk and return
Feb 21, 2025 to Oct 23, 2026 · 87 weekly returnsPDBC returned more: +53.4% to +6.7%. VBIL swung less: 0.1% to 18.7%. VBIL fell less at its worst: 0.0% to −14.7%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | PDBC | VBIL | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +53.4% | +6.7% | PDBC | Price change plus distributions, reinvested. |
| Annualized | +29.1% | +3.9% | PDBC | Total return as a yearly rate. |
| Price return | +47.7% | +0.8% | PDBC | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 18.7% | 0.1% | VBIL | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 10.8% | 0.1% | VBIL | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −14.7% | 0.0% | VBIL | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 1.25 | −0.64 | PDBC | Return above Treasury bills per unit of volatility. |
| Sortino | 2.16 | −0.90 | PDBC | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.98 | Not measured | Annualized return divided by the max drawdown. | |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 87 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, PDBC and VBIL hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
PDBC and VBIL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
PDBC and VBIL do different jobs. What does each one do in a portfolio?
- What each follows. PDBC follows No index, actively managed and VBIL follows Bloomberg U.S. Treasury Bills 0-3 Months Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 PDBC returned +55.6% and VBIL +3.7% with distributions reinvested, a gap of 51.9 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.
VBIL
VBIL tracks an index of 0-3 Month Treasury Bill. Over the year to Oct 28, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.06% a year.
Questions people ask
- Which returned more over the last year, PDBC or VBIL?
- In the year to Oct 28, 2026, with distributions reinvested, PDBC returned +55.6% and VBIL +3.7%.
- Which is cheaper, PDBC or VBIL?
- VBIL is cheaper, by 0.53 percentage points a year. That is about $53 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 VBIL, data as of Oct 28, 2026. https://etfiq.com/compare/any/pdbc-vs-vbil
ETFIQ. (Oct 28, 2026). PDBC against VBIL. Retrieved from https://etfiq.com/compare/any/pdbc-vs-vbil
[PDBC against VBIL (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/pdbc-vs-vbil)
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