What is the expense ratio of DBC vs PDBC?

DBC has an expense ratio of 0.84%, while PDBC has an expense ratio of 0.59%.

DBC vs PDBC

Invesco DB Commodity Index Tracking Fund vs Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

Last updated: 2026-04-10

DBC Invesco

Invesco DB Commodity Index Tracking Fund (DBC) is an exchange-traded fund issued by Invesco that provides exposure to broad commodities securities. It charges a high expense ratio of 0.84%. The fund offers an attractive dividend yield of 2.60%. Launched in 2006, the fund has a 20-year track record.

AUM: $1.7B ER: 0.84% Yield: 2.60% Since: Feb 3, 2006

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 2.97%. Launched in 2014, the fund has a 12-year track record.

AUM: $6.5B ER: 0.59% Yield: 2.97% Since: Nov 7, 2014

Quick Verdict

PDBC is significantly cheaper at 0.59% vs 0.84% expense ratio, saving you approximately $471 per $10,000 invested over 10 years. DBC has edged ahead over the past year (39.4% vs 36.9%).

Key Metrics

Metric	DBC	PDBC
Expense Ratio	0.84%	0.59%
Dividend Yield	2.6%	3.0%
Fund Family	Invesco	Invesco
Category	Broad Commodities	Broad Commodities

Performance Chart

Indexed to 100 at start (5-year comparison)

DBC +71.3%

PDBC -1.7%

Performance Comparison

Period	DBC	PDBC	Difference
1 Month	+2.24%	+2.21%	+0.03%
3 Months	+24.02%	+24.49%	-0.47%
6 Months	+28.68%	+28.65%	+0.03%
YTD	+28.45%	+28.99%	-0.54%
1 Year	+39.41%	+36.93%	+2.48%
3 Years	+18.60%	+17.65%	+0.95%
5 Years	+71.29%	-1.72%	+73.01%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	DBC Fees	PDBC Fees	You Save
$10,000	10 years	$1,622	$1,151	$471
$10,000	20 years	$6,739	$4,837	$1,902
$10,000	30 years	$21,014	$15,249	$5,765
$50,000	10 years	$8,108	$5,754	$2,354
$50,000	30 years	$105,070	$76,247	$28,823
$100,000	30 years	$210,141	$152,494	$57,646

Risk Metrics

Based on 5 years of daily returns

Metric	DBC	PDBC
Annualized Volatility	19.3%	23.8%
Max Drawdown	-34.0%	-46.2%
Sharpe Ratio	0.42	-0.08

Dividend Comparison

Metric	DBC	PDBC
Annual Dividend (per share)	$0.74	$0.51
Dividend Yield	2.59%	2.97%
Distribution Frequency	Semi-Annual or Annual	Semi-Annual or Annual

Top Holdings

0 of top 1 holdings overlap (0% overlap in top holdings)

DBC Top Holdings

Name	Weight
Short-Term Investment Trust - Invesco Government & Agency Portfolio!mutf/AGPXX	41.82%
Invesco Short Term Treasury ETF#TBLL	6.29%
Brent Crude Future July 26COU6	5.08%
Brent Crude Future June 26CO30	3.25%

PDBC Top Holdings

Name	Weight
Invesco Premier U.S. Government Money Portfolio!mutf/IUGXX	77.89%

Which One Should You Choose?

Choose PDBC if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose DBC 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.

Either works if...

you just need broad broad commodities exposure. Both are solid options — pick whichever your brokerage offers commission-free.

Related Comparisons

DBC vs GSG DBC vs QQQ DBC vs QQQM DBC vs RPV DBC vs RSP DBC vs TAN GSG vs PDBC PDBC vs QQQ