ETF Versus

PDBC vs SCHG

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF vs Schwab U.S. Large-Cap Growth 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
SCHG Schwab

Schwab U.S. Large-Cap Growth ETF (SCHG) is an exchange-traded fund issued by Schwab that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a very low expense ratio of 0.04%. The fund offers a modest dividend yield of 0.43%. Launched in 2010, the fund has a 16-year track record.

AUM: N/A ER: 0.04% Yield: 0.43% Since: 2010-01-04

Quick Verdict

SCHG is significantly cheaper at 0.04% vs 0.59% expense ratio, saving you approximately $1,071 per $10,000 invested over 10 years. Over the past year, PDBC has significantly outperformed with a 26.4% return vs 15.4%. Income investors may prefer PDBC for its higher yield (2.9% vs 0.4%).

Key Metrics

Metric PDBC SCHG
Expense Ratio 0.59% 0.04%
Dividend Yield 2.9% 0.4%
Fund Family Invesco Schwab
Category Broad Commodities US Large Cap Growth

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
PDBC +0.6%
SCHG +74.8%

Performance Comparison

Period PDBC SCHG Difference
1 Month +12.55% -4.13% +16.68%
3 Months +30.69% -9.62% +40.31%
6 Months +28.65% -9.17% +37.82%
YTD +30.69% -9.62% +40.31%
1 Year +26.40% +15.38% +11.02%
3 Years +20.02% +80.02% -60.00%
5 Years +0.55% +74.77% -74.22%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period PDBC Fees SCHG Fees You Save
$10,000 10 years $1,151 $80 $1,071
$10,000 20 years $4,837 $344 $4,493
$10,000 30 years $15,249 $1,112 $14,137
$50,000 10 years $5,754 $399 $5,355
$50,000 30 years $76,247 $5,560 $70,687
$100,000 30 years $152,494 $11,121 $141,374

Risk Metrics

Based on 5 years of daily returns

Metric PDBC SCHG
Annualized Volatility 23.8% 22.3%
Max Drawdown -46.2% -35.0%
Sharpe Ratio -0.06 0.41

Dividend Comparison

Metric PDBC SCHG
Annual Dividend (per share) $0.51 $0.13
Dividend Yield 2.93% 0.43%
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 SCHG 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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