ETF Versus

PDBC vs QQQM

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF vs Invesco NASDAQ 100 ETF

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
QQQM Invesco

Invesco NASDAQ 100 ETF (QQQM) 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 low expense ratio of 0.15%. The fund offers a modest dividend yield of 0.53%. Launched in 2020, the fund has a 6-year track record.

AUM: N/A ER: 0.15% Yield: 0.53% Since: 2020-10-13

Quick Verdict

QQQM is significantly cheaper at 0.15% vs 0.59% expense ratio, saving you approximately $853 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 QQQM
Expense Ratio 0.59% 0.15%
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)

70 95 120 145 170 195 2021-04 2022-06 2023-10 2024-12 2026-04
PDBC +0.6%
QQQM +76.4%

Performance Comparison

Period PDBC QQQM Difference
1 Month +12.55% -3.10% +15.65%
3 Months +30.69% -4.91% +35.60%
6 Months +28.65% -4.05% +32.70%
YTD +30.69% -4.91% +35.60%
1 Year +26.40% +22.47% +3.93%
3 Years +20.02% +82.32% -62.30%
5 Years +0.55% +76.37% -75.82%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period PDBC Fees QQQM Fees You Save
$10,000 10 years $1,151 $298 $853
$10,000 20 years $4,837 $1,278 $3,559
$10,000 30 years $15,249 $4,109 $11,140
$50,000 10 years $5,754 $1,490 $4,264
$50,000 30 years $76,247 $20,547 $55,700
$100,000 30 years $152,494 $41,094 $111,400

Risk Metrics

Based on 5 years of daily returns

Metric PDBC QQQM
Annualized Volatility 23.8% 22.2%
Max Drawdown -46.2% -35.6%
Sharpe Ratio -0.06 0.42

Dividend Comparison

Metric PDBC QQQM
Annual Dividend (per share) $0.51 $1.27
Dividend Yield 2.93% 0.53%
Distribution Frequency Semi-Annual or Annual Quarterly

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 QQQM 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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