PDBA vs VYM
Invesco Agriculture Commodity Strategy No K-1 ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | PDBA | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.04% | |
| AUM | $307M | $79.0B | |
| Dividend Yield | 3.17% | 2.86% | |
| Holdings | 17 | 568 | |
| YTD Return | +8.21% | +15.80% | |
| 1Y Return | +9.00% | +26.12% | |
| 3Y Return (annualized) | +13.39% | +18.25% | |
| 5Y Return (annualized) | - | +12.51% | |
| Volatility (annualized) | 10.9% | 14.6% | |
| Max Drawdown | -12.4% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Commodity | Equity | |
| Inception | Aug 24, 2022 | Nov 10, 2006 |
PDBA vs VYM Performance
Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year PDBA returned +9.00% while VYM returned +26.12%. Year to date, PDBA is up 8.21% versus a gain of 15.80% for VYM.
Over three years, PDBA compounded at +13.39% per year against +18.25% for VYM. Across the full 4-year window we track, PDBA has the edge at +11.38% annualized vs +7.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 10.9% 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 -58.8% for VYM. 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 0.22. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PDBA charges 0.59% per year while VYM charges 0.04%. On a $10,000 position that is $59 vs $4 annually, a gap of $55 per year that compounds over a long holding period. On income, PDBA currently yields 3.17% against 2.86% for VYM.
Holdings Overlap
PDBA and VYM share 0 holdings out of 559 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 VYM?
PDBA has an expense ratio of 0.59% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $55 per year of difference.
Which performed better, PDBA or VYM?
Over the past year PDBA returned +9.00% vs +26.12% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (4 years), PDBA annualized +11.38% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, PDBA or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 10.9% for PDBA. Worst drawdown: PDBA -12.4% vs VYM -58.8%.
Should I hold both PDBA and VYM?
PDBA and VYM have a monthly-return correlation of 0.22, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PDBA and VYM?
PDBA and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 559 unique securities.
Which pays a higher dividend, PDBA or VYM?
PDBA yields 3.17% while VYM yields 2.86%, so PDBA currently pays the higher dividend yield.
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