DBC vs PDBC
Invesco DB Commodity Index Tracking Fund vs Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
Last updated: 2026-04-02
Invesco DB Commodity Index Tracking Fund (DBC) is an exchange-traded fund that provides exposure to broad commodities securities. It charges a high expense ratio of 0.84%. The fund offers an attractive dividend yield of 2.60%. Launched in 2006, the fund has a 20-year track record.
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) is an exchange-traded fund that provides exposure to broad commodities securities. It charges a high expense ratio of 0.59%. The fund offers an attractive dividend yield of 2.97%. Launched in 2014, the fund has a 12-year track record.
Quick Verdict
PDBC is significantly cheaper at 0.59% vs 0.84% expense ratio, saving you approximately $471 per $10,000 invested over 10 years. DBC has edged ahead over the past year (27.4% vs 25.3%).
Key Metrics
Performance Chart
Indexed to 100 at start (5-year comparison)
Performance Comparison
Fee Impact Over Time
Estimated fee cost difference assuming 8% annual returns
Risk Metrics
Based on 5 years of daily returns
Dividend Comparison
Top Holdings
DBC Top Holdings
| Name | Weight |
|---|---|
| Short-Term Investment Trust - Invesco Government & Agency Portfolio!mutf/AGPXX | 40.03% |
| Brent Crude Future June 26CO30 | 8.98% |
| Invesco Short Term Treasury ETF#TBLL | 6.81% |
Which One Should You Choose?
Choose PDBC if...
you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.
Choose DBC if...
recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.
Choose PDBC if...
you prioritize dividend income and want higher regular distributions from your portfolio.
Either works if...
you just need broad broad commodities exposure. Both are solid options — pick whichever your brokerage offers commission-free.