What is the expense ratio of PDBC vs VNQ?

PDBC has an expense ratio of 0.59%, while VNQ has an expense ratio of 0.12%.

PDBC vs VNQ

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF vs Vanguard Real Estate Index Fund ETF Shares

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

VNQ Vanguard

Vanguard Real Estate Index Fund ETF Shares (VNQ) is an exchange-traded fund issued by Vanguard that provides exposure to U.S. real estate investment trusts (REITs) and real estate companies. It charges a low expense ratio of 0.12%. The fund offers an attractive dividend yield of 3.89%. Launched in 2004, the fund has a 22-year track record.

AUM: $65.8B ER: 0.12% Yield: 3.89% Since: 2004-09-29

Quick Verdict

VNQ is significantly cheaper at 0.12% vs 0.59% expense ratio, saving you approximately $912 per $10,000 invested over 10 years. Over the past year, PDBC has significantly outperformed with a 26.4% return vs -1.5%. Income investors may prefer VNQ for its higher yield (3.9% vs 2.9%).

Key Metrics

Metric	PDBC	VNQ
Expense Ratio	0.59%	0.12%
Dividend Yield	2.9%	3.9%
Fund Family	Invesco	Vanguard
Category	Broad Commodities	US Real Estate

Performance Chart

Indexed to 100 at start (5-year comparison)

PDBC +0.6%

VNQ -4.4%

Performance Comparison

Period	PDBC	VNQ	Difference
1 Month	+12.55%	-5.96%	+18.51%
3 Months	+30.69%	+1.37%	+29.32%
6 Months	+28.65%	-0.92%	+29.57%
YTD	+30.69%	+1.37%	+29.32%
1 Year	+26.40%	-1.54%	+27.94%
3 Years	+20.02%	+8.92%	+11.10%
5 Years	+0.55%	-4.43%	+4.98%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	PDBC Fees	VNQ Fees	You Save
$10,000	10 years	$1,151	$239	$912
$10,000	20 years	$4,837	$1,025	$3,812
$10,000	30 years	$15,249	$3,301	$11,949
$50,000	10 years	$5,754	$1,193	$4,561
$50,000	30 years	$76,247	$16,504	$59,744
$100,000	30 years	$152,494	$33,007	$119,487

Risk Metrics

Based on 5 years of daily returns

Metric	PDBC	VNQ
Annualized Volatility	23.8%	18.9%
Max Drawdown	-46.2%	-38.8%
Sharpe Ratio	-0.06	-0.19

Dividend Comparison

Metric	PDBC	VNQ
Annual Dividend (per share)	$0.51	$3.49
Dividend Yield	2.93%	3.89%
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%

VNQ Top Holdings

Name	Weight
Vanguard Real Estate II Index Fund	1451.51%
Welltower Inc	707.58%
Prologis Inc	688.22%
American Tower Corp	476.51%
Equinix Inc	456.02%
Simon Property Group Inc	354.53%
Digital Realty Trust Inc	321.26%
Realty Income Corp	314.90%
CBRE Group Inc	287.69%
Public Storage	247.55%

Which One Should You Choose?

Choose VNQ 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 VNQ if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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