ETF Versus

IWF vs PDBC

iShares Russell 1000 Growth ETF vs Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

Last updated: 2026-04-02

IWF iShares

iShares Russell 1000 Growth ETF (IWF) is an exchange-traded fund issued by iShares that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a moderate expense ratio of 0.19%. The fund offers a modest dividend yield of 0.39%. Launched in 2000, the fund has a 26-year track record.

AUM: N/A ER: 0.19% Yield: 0.39% Since: 2000-05-26
PDBC Invesco

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) is an exchange-traded fund issued by Invesco that provides exposure to broad commodities securities. It charges a high expense ratio of 0.59%. The fund offers an attractive dividend yield of 2.93%. Launched in 2014, the fund has a 12-year track record.

AUM: $5.0B ER: 0.59% Yield: 2.93% Since: 2014-11-07

Quick Verdict

IWF is significantly cheaper at 0.19% vs 0.59% expense ratio, saving you approximately $774 per $10,000 invested over 10 years. Over the past year, PDBC has significantly outperformed with a 26.4% return vs 17.0%. Income investors may prefer PDBC for its higher yield (2.9% vs 0.4%).

Key Metrics

Metric IWF PDBC
Expense Ratio 0.19% 0.59%
Dividend Yield 0.4% 2.9%
Fund Family iShares Invesco
Category US Large Cap Growth Broad Commodities

Performance Chart

Indexed to 100 at start (5-year comparison)

70 95 120 145 170 195 2021-04 2022-06 2023-10 2024-12 2026-04
IWF +70.9%
PDBC +0.6%

Performance Comparison

Period IWF PDBC Difference
1 Month -4.36% +12.55% -16.91%
3 Months -9.04% +30.69% -39.73%
6 Months -9.26% +28.65% -37.91%
YTD -9.04% +30.69% -39.73%
1 Year +16.97% +26.40% -9.43%
3 Years +75.39% +20.02% +55.37%
5 Years +70.86% +0.55% +70.31%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period IWF Fees PDBC Fees You Save
$10,000 10 years $377 $1,151 $774
$10,000 20 years $1,613 $4,837 $3,224
$10,000 30 years $5,178 $15,249 $10,072
$50,000 10 years $1,884 $5,754 $3,870
$50,000 30 years $25,888 $76,247 $50,359
$100,000 30 years $51,776 $152,494 $100,719

Risk Metrics

Based on 5 years of daily returns

Metric IWF PDBC
Annualized Volatility 21.4% 23.8%
Max Drawdown -33.1% -46.2%
Sharpe Ratio 0.40 -0.06

Dividend Comparison

Metric IWF PDBC
Annual Dividend (per share) $1.69 $0.51
Dividend Yield 0.39% 2.93%
Distribution Frequency Quarterly Semi-Annual or Annual

Top Holdings

PDBC Top Holdings

NameWeight
Invesco Premier U.S. Government Money Portfolio7583.94%
Invesco Liquidity Funds PLC, Invesco US Dollar Liquidity Portfolio1764.83%
N/A39.28%

Which One Should You Choose?

Choose IWF if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose PDBC 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.

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