ETF Versus

PDBC vs QQQ

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF vs Invesco QQQ Trust

Last updated: 2026-04-10

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
QQQ Invesco

Invesco QQQ Trust (QQQ) is an exchange-traded fund issued by Invesco that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a moderate expense ratio of 0.18%. The fund offers a modest dividend yield of 0.46%. Launched in 1999, the fund has a 27-year track record.

AUM: $389.6B ER: 0.18% Yield: 0.46% Since: Mar 10, 1999

Quick Verdict

QQQ is significantly cheaper at 0.18% vs 0.59% expense ratio, saving you approximately $794 per $10,000 invested over 10 years. Both funds have delivered similar 1-year returns (36.9% vs 37.0%), tracking closely. Income investors may prefer PDBC for its higher yield (3.0% vs 0.5%).

Key Metrics

Metric PDBC QQQ
Expense Ratio 0.59% 0.18%
Dividend Yield 3.0% 0.5%
Fund Family Invesco Invesco
Category Broad Commodities US Large Cap Growth

Performance Chart

Indexed to 100 at start (5-year comparison)

70 94 118 142 166 190 2021-04 2022-07 2023-10 2025-01 2026-04
PDBC -1.7%
QQQ +81.6%

Performance Comparison

Period PDBC QQQ Difference
1 Month +2.21% +0.58% +1.63%
3 Months +24.49% -2.54% +27.03%
6 Months +28.65% +1.53% +27.12%
YTD +28.99% -0.31% +29.30%
1 Year +36.93% +36.99% -0.06%
3 Years +17.65% +93.53% -75.88%
5 Years -1.72% +81.55% -83.27%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period PDBC Fees QQQ Fees You Save
$10,000 10 years $1,151 $357 $794
$10,000 20 years $4,837 $1,529 $3,307
$10,000 30 years $15,249 $4,912 $10,338
$50,000 10 years $5,754 $1,786 $3,969
$50,000 30 years $76,247 $24,558 $51,689
$100,000 30 years $152,494 $49,116 $103,378

Risk Metrics

Based on 5 years of daily returns

Metric PDBC QQQ
Annualized Volatility 23.8% 22.4%
Max Drawdown -46.2% -35.6%
Sharpe Ratio -0.08 0.45

Dividend Comparison

Metric PDBC QQQ
Annual Dividend (per share) $0.51 $2.81
Dividend Yield 2.97% 0.46%
Distribution Frequency Semi-Annual or Annual Quarterly

Top Holdings

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

PDBC Top Holdings

NameWeight
Invesco Premier U.S. Government Money Portfolio!mutf/IUGXX77.89%

QQQ Top Holdings

NameWeight
NVIDIA CorporationNVDA8.69%
Apple Inc.AAPL7.47%
Microsoft CorporationMSFT5.55%
Amazon.com, Inc.AMZN4.61%
Tesla, Inc.TSLA3.47%
Meta Platforms, Inc.META3.41%
Alphabet Inc.GOOG3.32%
Walmart Inc.WMT3.32%
Broadcom Inc.AVGO3.18%

Which One Should You Choose?

Choose QQQ 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...

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

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