Data as of Oct 28, 2026.
PDBC vs XLB: Differences, Returns & Fees
Over the year to Oct 28, 2026, PDBC returned +55.6% to XLB's +18.5%; 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 $8.1bn for State Street Materials Select Sector SPDR ETF.
Pair scorecard
XLB costs 0.51 points a year less; their one-year returns differ by 37.1 points.
| Measure | PDBC | XLB |
|---|---|---|
| Return | ||
| Total return, 1 year | +55.6% | +18.5% |
| Benchmark | ||
| What it tracks | No index, actively managed | Materials Select Sector Index |
| Cost and size | ||
| Expense ratio | 0.59% | 0.08% |
| Net assets, as of Oct 27, 2026 | $8.0bn | $8.1bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 58.5% | |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Nov 14, 2014 to Oct 23, 2026 · 623 weekly returnsXLB returned more: +164.9% to +85.7%. PDBC swung less: 18.0% to 20.2%. XLB fell less at its worst: −33.9% to −48.3%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | PDBC | XLB | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +85.7% | +164.9% | XLB | Price change plus distributions, reinvested. |
| Annualized | +5.3% | +8.5% | XLB | Total return as a yearly rate. |
| Price return | −17.2% | +108.2% | XLB | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 18.0% | 20.2% | PDBC | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.3% | 13.9% | PDBC | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −48.3% | −33.9% | XLB | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.26 | 0.40 | XLB | Return above Treasury bills per unit of volatility. |
| Sortino | 0.38 | 0.58 | XLB | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.11 | 0.25 | XLB | 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 XLB 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 XLB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
PDBC and XLB do different jobs. What does each one do in a portfolio?
- What each follows. PDBC follows No index, actively managed and XLB follows Materials Select Sector 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 XLB +18.5% with distributions reinvested, a gap of 37.1 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.
XLB
XLB tracks an index of Materials. Over the year to Oct 28, 2026 it returned +18.5% with distributions reinvested. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 25 positions, with the top ten at 58.5%.
Questions people ask
- Which returned more over the last year, PDBC or XLB?
- In the year to Oct 28, 2026, with distributions reinvested, PDBC returned +55.6% and XLB +18.5%.
- Which is cheaper, PDBC or XLB?
- XLB is cheaper, by 0.51 percentage points a year. That is about $51 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 XLB, data as of Oct 28, 2026. https://etfiq.com/compare/any/pdbc-vs-xlb
ETFIQ. (Oct 28, 2026). PDBC against XLB. Retrieved from https://etfiq.com/compare/any/pdbc-vs-xlb
[PDBC against XLB (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/pdbc-vs-xlb)
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