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PDBC

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

Diversified commodity ETF without K-1 tax form — major advantage over DBC for US tax purposes. Same underlying strategy.

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CommodityTER 0.59%Dist.
TER
0.59%
AUM
$5B
CAGR
4.2%
Volatility
26.1%
Sharpe
0.05
Max Drawdown
-44.5%
Data Range
2014-11 → 2026-04

Performance Analysis

Maximum Drawdown History

How far the ETF has fallen from its all-time high at each point. Deeper = more painful.

Current DD-2.8%
Worst DD-44.5%
Worst date2020-04

Rolling Returns

Annualized returns over rolling windows. Shows the range of outcomes depending on when you invested.

Avg return6.2%
Best29.1%
Worst-8.9%
% positive72%
102 periods

Key Facts

ISIN
US46090E1038
Issuer
Invesco
Benchmark
DBIQ Optimum Yield Diversified Commodity Index
Total Expense Ratio (TER)
0.59%
Assets Under Management
$5B approx.
Inception Date
2014-11-07
Domicile
United States
Legal Structure
Open-Ended Fund
Dividend Policy
Distributing (pays dividends)
Replication Method
Synthetic (Swap-Based)
UCITS Status
✗ Not UCITS
Fund Currency
USD
Primary Exchange
NASDAQ
Number of Holdings
N/A

Top 10 Holdings

Top 10 represent 71.0% of the fund.

1
WTI-FUTWTI Crude Oil Futures
12.00%
2
BRENT-FUTBrent Crude Oil Futures
10.00%
3
GOLD-FUTGold Futures
8.00%
4
COPPER-FUTCopper Futures
7.00%
5
NG-FUTNatural Gas Futures
7.00%
6
CORN-FUTCorn Futures
6.00%
7
SOY-FUTSoybean Futures
6.00%
8
SUGAR-FUTSugar Futures
5.00%
9
ALUM-FUTAluminum Futures
5.00%
10
SILVER-FUTSilver Futures
5.00%

Sector Breakdown

Energy
35%
Agriculture
25%
Base Metals
20%
Precious Metals
15%
Livestock
5%

Source: Official issuer data · Last updated: 2026-05-12

Equivalent ETFs

These ETFs track the same or very similar underlying index:

DBCInvesco DB Commodity Index Tracking Fund
Backtest this ETFOfficial Fund Page

Who Is This ETF For?

✓General portfolio building block for the asset class it covers.

Key Risks to Consider

• No cash flows or dividends — returns depend entirely on price appreciation.

• Non-UCITS: may have unfavorable tax treatment for non-US investors (US estate tax, withholding tax).

Similar ETFs

GLD0.40% TER

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Gold · State Street

IAU0.25% TER

iShares Gold Trust

Gold · BlackRock

SLV0.50% TER

iShares Silver Trust

Silver · BlackRock

GLDM0.10% TER

SPDR Gold MiniShares Trust

Gold (Low Cost) · State Street

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Data & Methodology

Metadata sourced from official issuer documentation. Price data from Yahoo Finance (monthly adjusted close, includes reinvested dividends and splits). AUM figures are approximate and updated quarterly.

Data source: Yahoo Finance (adjusted close), Invesco (metadata)Last verified: 2026-04-17

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Related ETFs

UCITS Equivalent

DBC

Invesco DB Commodity Index Tracking Fund

TER 0.85%$3B AUM
View Compare

Similar ETFs

GLD

SPDR Gold Shares

TER 0.40%$75B AUM
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IAU

iShares Gold Trust

TER 0.25%$30B AUM
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SLV

iShares Silver Trust

TER 0.50%$12B AUM
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GLDM

SPDR Gold MiniShares Trust

TER 0.10%$9B AUM
View Compare

Alternative Approaches

DBC

Invesco DB Commodity Index Tracking Fund

TER 0.85%$3B AUM
View Compare
SGOL

Aberdeen Physical Gold Shares ETF

TER 0.17%$3B AUM
View Compare
FTGC

First Trust Global Tactical Commodity Strategy Fund

TER 0.95%$3B AUM
View Compare
USO

United States Oil Fund

TER 0.60%$1.5B AUM
View Compare

💬 Frequently Asked Questions

Diversified commodity ETF without K-1 tax form — major advantage over DBC for US tax purposes. Same underlying strategy.
PDBC has a total expense ratio (TER) of 0.59%, which means you pay $59 per year for every $10,000 invested.
Yes, PDBC is a distributing ETF that pays dividends to shareholders. The frequency depends on the fund's schedule.
PDBC is a US-domiciled ETF (not UCITS). Non-US investors should consider the US estate tax implications (40% on US assets above $60,000) and the 30% dividend withholding tax (reduced by treaty in some countries).
PDBC uses synthetic replication via swap contracts, which can reduce tracking error but introduces counterparty risk.
Similar ETFs tracking the same or a very similar index include: DBC. These may differ in domicile, currency, dividend policy, or expense ratio.