PDBC vs VONV
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF vs Vanguard Russell 1000 Value Index Fund ETF Shares
Last updated: 2026-04-02
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.
Vanguard Russell 1000 Value Index Fund ETF Shares (VONV) is an exchange-traded fund issued by Vanguard that provides exposure to large-cap U.S. value stocks trading at below-market valuations. It charges a low expense ratio of 0.08%. The fund offers a moderate dividend yield of 1.81%. Launched in 2010, the fund has a 16-year track record.
Quick Verdict
VONV is significantly cheaper at 0.08% vs 0.59% expense ratio, saving you approximately $991 per $10,000 invested over 10 years. Over the past year, PDBC has significantly outperformed with a 26.4% return vs 13.6%. Income investors may prefer PDBC for its higher yield (2.9% vs 1.8%).
Key Metrics
Performance Chart
Indexed to 100 at start (5-year comparison)
Performance Comparison
Fee Impact Over Time
Estimated fee cost difference assuming 8% annual returns
Risk Metrics
Based on 5 years of daily returns
Dividend Comparison
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% |
Which One Should You Choose?
Choose VONV 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.