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PDBC vs SCHB

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF vs Schwab U.S. Broad Market 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
SCHB Schwab

Schwab U.S. Broad Market ETF (SCHB) is an exchange-traded fund issued by Schwab that provides exposure to the total U.S. stock market across all capitalizations. It charges a very low expense ratio of 0.03%. The fund offers a moderate dividend yield of 1.17%. Launched in 2009, the fund has a 17-year track record.

AUM: N/A ER: 0.03% Yield: 1.17% Since: 2009-11-03

Quick Verdict

SCHB is significantly cheaper at 0.03% vs 0.59% expense ratio, saving you approximately $1,091 per $10,000 invested over 10 years. Over the past year, PDBC has significantly outperformed with a 26.4% return vs 16.2%. Income investors may prefer PDBC for its higher yield (2.9% vs 1.2%).

Key Metrics

Metric PDBC SCHB
Expense Ratio 0.59% 0.03%
Dividend Yield 2.9% 1.2%
Fund Family Invesco Schwab
Category Broad Commodities US Total Market

Performance Chart

Indexed to 100 at start (5-year comparison)

70 89 108 127 146 165 2021-04 2022-06 2023-10 2024-12 2026-04
PDBC +0.6%
SCHB +53.2%

Performance Comparison

Period PDBC SCHB Difference
1 Month +12.55% -3.66% +16.21%
3 Months +30.69% -3.88% +34.57%
6 Months +28.65% -2.47% +31.12%
YTD +30.69% -3.88% +34.57%
1 Year +26.40% +16.22% +10.18%
3 Years +20.02% +58.06% -38.04%
5 Years +0.55% +53.21% -52.66%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period PDBC Fees SCHB Fees You Save
$10,000 10 years $1,151 $60 $1,091
$10,000 20 years $4,837 $258 $4,578
$10,000 30 years $15,249 $835 $14,414
$50,000 10 years $5,754 $299 $5,455
$50,000 30 years $76,247 $4,176 $72,071
$100,000 30 years $152,494 $8,352 $144,143

Risk Metrics

Based on 5 years of daily returns

Metric PDBC SCHB
Annualized Volatility 23.8% 17.3%
Max Drawdown -46.2% -26.2%
Sharpe Ratio -0.06 0.32

Dividend Comparison

Metric PDBC SCHB
Annual Dividend (per share) $0.51 $0.30
Dividend Yield 2.93% 1.17%
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 SCHB 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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