ETF Versus

MGK vs PDBC

Vanguard Mega Cap Growth Index Fund vs Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

Last updated: 2026-04-02

MGK Vanguard

Vanguard Mega Cap Growth Index Fund (MGK) is an exchange-traded fund issued by Vanguard that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a low expense ratio of 0.07%. The fund offers a modest dividend yield of 0.39%. Launched in 2007, the fund has a 19-year track record.

AUM: $32.5B ER: 0.07% Yield: 0.39% Since: 2007-12-27
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

MGK is significantly cheaper at 0.07% vs 0.59% expense ratio, saving you approximately $1,011 per $10,000 invested over 10 years. Over the past year, PDBC has significantly outperformed with a 26.4% return vs 18.2%. Income investors may prefer PDBC for its higher yield (2.9% vs 0.4%).

Key Metrics

Metric MGK PDBC
Expense Ratio 0.07% 0.59%
Dividend Yield 0.4% 2.9%
Fund Family Vanguard Invesco
Category US Large Cap Growth Broad Commodities

Performance Chart

Indexed to 100 at start (5-year comparison)

70 96 122 148 174 200 2021-04 2022-06 2023-10 2024-12 2026-04
MGK +72.8%
PDBC +0.6%

Performance Comparison

Period MGK PDBC Difference
1 Month -3.80% +12.55% -16.35%
3 Months -9.72% +30.69% -40.41%
6 Months -8.91% +28.65% -37.56%
YTD -9.72% +30.69% -40.41%
1 Year +18.16% +26.40% -8.24%
3 Years +81.45% +20.02% +61.43%
5 Years +72.76% +0.55% +72.21%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period MGK Fees PDBC Fees You Save
$10,000 10 years $140 $1,151 $1,011
$10,000 20 years $600 $4,837 $4,236
$10,000 30 years $1,938 $15,249 $13,311
$50,000 10 years $698 $5,754 $5,057
$50,000 30 years $9,692 $76,247 $66,555
$100,000 30 years $19,383 $152,494 $133,111

Risk Metrics

Based on 5 years of daily returns

Metric MGK PDBC
Annualized Volatility 22.6% 23.8%
Max Drawdown -36.4% -46.2%
Sharpe Ratio 0.40 -0.06

Dividend Comparison

Metric MGK PDBC
Annual Dividend (per share) $1.43 $0.51
Dividend Yield 0.39% 2.93%
Distribution Frequency Quarterly Semi-Annual or Annual

Top Holdings

0 of top 3 holdings overlap (0% overlap in top holdings)

MGK Top Holdings

NameWeight
NVIDIA Corp1297.27%
Apple Inc1207.38%
Microsoft Corp1061.93%
Amazon.com Inc457.34%
Tesla Inc446.59%
Meta Platforms Inc445.78%
Alphabet Inc421.92%
Broadcom Inc403.30%
Eli Lilly & Co328.40%

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 MGK 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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