What is the expense ratio of PDBC vs QQQ?

PDBC has an expense ratio of 0.59%, while QQQ has an expense ratio of 0.20%.

PDBC vs QQQ

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF vs Invesco QQQ Trust

Last updated: 2026-04-02

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

QQQ Invesco

Invesco QQQ Trust (QQQ) is an exchange-traded fund issued by Invesco that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a moderate expense ratio of 0.20%. The fund offers a modest dividend yield of 0.48%. Launched in 1999, the fund has a 27-year track record.

AUM: $407.7B ER: 0.20% Yield: 0.48% Since: 1999-03-10

Quick Verdict

QQQ is significantly cheaper at 0.20% vs 0.59% expense ratio, saving you approximately $754 per $10,000 invested over 10 years. PDBC has edged ahead over the past year (26.4% vs 22.5%). Income investors may prefer PDBC for its higher yield (2.9% vs 0.5%).

Key Metrics

Metric	PDBC	QQQ
Expense Ratio	0.59%	0.20%
Dividend Yield	2.9%	0.5%
Fund Family	Invesco	Invesco
Category	Broad Commodities	US Large Cap Growth

Performance Chart

Indexed to 100 at start (5-year comparison)

PDBC +0.6%

QQQ +76.2%

Performance Comparison

Period	PDBC	QQQ	Difference
1 Month	+12.55%	-3.02%	+15.57%
3 Months	+30.69%	-4.85%	+35.54%
6 Months	+28.65%	-4.00%	+32.65%
YTD	+30.69%	-4.85%	+35.54%
1 Year	+26.40%	+22.53%	+3.87%
3 Years	+20.02%	+82.23%	-62.21%
5 Years	+0.55%	+76.23%	-75.68%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	PDBC Fees	QQQ Fees	You Save
$10,000	10 years	$1,151	$396	$754
$10,000	20 years	$4,837	$1,696	$3,140
$10,000	30 years	$15,249	$5,443	$9,807
$50,000	10 years	$5,754	$1,982	$3,772
$50,000	30 years	$76,247	$27,214	$49,033
$100,000	30 years	$152,494	$54,428	$98,066

Risk Metrics

Based on 5 years of daily returns

Metric	PDBC	QQQ
Annualized Volatility	23.8%	22.4%
Max Drawdown	-46.2%	-35.6%
Sharpe Ratio	-0.06	0.42

Dividend Comparison

Metric	PDBC	QQQ
Annual Dividend (per share)	$0.51	$2.81
Dividend Yield	2.93%	0.48%
Distribution Frequency	Semi-Annual or Annual	Quarterly

Top Holdings

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

PDBC Top Holdings

Name	Weight
Invesco Premier U.S. Government Money Portfolio	7583.94%
Invesco Liquidity Funds PLC, Invesco US Dollar Liquidity Portfolio	1764.83%
N/A	39.28%

QQQ Top Holdings

Name	Weight
NVIDIA Corp.	903.46%
Apple Inc.	800.82%
Microsoft Corp.	716.56%
Amazon.com, Inc.	491.91%
Tesla, Inc.	396.59%
Meta Platforms, Inc.	386.46%
Alphabet Inc.	338.25%
Broadcom Inc.	325.82%
Palantir Technologies Inc.	223.47%

Which One Should You Choose?

Choose QQQ 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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