PDBA vs QQQ
Invesco Agriculture Commodity Strategy No K-1 ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 107 holdings.
Side-by-Side Comparison
| Metric | PDBA | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.18% | |
| AUM | $327M | $486.1B | |
| Dividend Yield | 3.08% | 0.44% | |
| Holdings | 17 | 107 | |
| YTD Return | +15.08% | +17.18% | |
| 1Y Return | +10.74% | +27.33% | |
| 3Y Return (annualized) | +15.18% | +24.55% | |
| 5Y Return (annualized) | - | +14.22% | |
| Volatility (annualized) | 11.3% | 30.6% | |
| Max Drawdown | -12.4% | -83.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Commodity | Equity | |
| Inception | Aug 24, 2022 | Mar 10, 1999 |
PDBA vs QQQ Performance
Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA) is a ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year PDBA returned +10.74% while QQQ returned +27.33%. Year to date, PDBA is up 15.08% versus a gain of 17.18% for QQQ.
Over three years, PDBA compounded at +15.18% per year against +24.55% for QQQ. Across the full 4-year window we track, QQQ has the edge at +13.04% annualized vs +12.90%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 11.3% for PDBA. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -12.4% for PDBA and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.02. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PDBA charges 0.59% per year while QQQ charges 0.18%. On a $10,000 position that is $59 vs $18 annually, a gap of $41 per year that compounds over a long holding period. On income, PDBA currently yields 3.08% against 0.44% for QQQ.
Holdings Overlap
PDBA and QQQ share 0 holdings out of 103 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PDBA or QQQ?
PDBA has an expense ratio of 0.59% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, PDBA or QQQ?
Over the past year PDBA returned +10.74% vs +27.33% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), PDBA annualized +12.90% vs +13.04% for QQQ. Past performance does not guarantee future results.
Which is riskier, PDBA or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 11.3% for PDBA. Worst drawdown: PDBA -12.4% vs QQQ -83.0%.
Should I hold both PDBA and QQQ?
PDBA and QQQ have a monthly-return correlation of -0.02, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PDBA and QQQ?
PDBA and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, PDBA or QQQ?
PDBA yields 3.08% while QQQ yields 0.44%, so PDBA currently pays the higher dividend yield.
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