PDBC vs QQQ
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. PDBC delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | PDBC | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.18% | |
| AUM | $6.3B | $455.8B | |
| Dividend Yield | 3.20% | 0.41% | |
| Holdings | 54 | 108 | |
| YTD Return | +35.32% | +18.31% | |
| 1Y Return | +43.70% | +25.37% | |
| 3Y Return (annualized) | +11.76% | +25.79% | |
| 5Y Return (annualized) | +12.13% | +15.20% | |
| Volatility (annualized) | 17.3% | 30.6% | |
| Max Drawdown | -49.5% | -83.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Commodity | Equity | |
| Inception | Nov 7, 2014 | Mar 10, 1999 |
PDBC vs QQQ Performance
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) is a ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year PDBC returned +43.70% while QQQ returned +25.37%. Year to date, PDBC is up 35.32% versus a gain of 18.31% for QQQ.
Over three years, PDBC compounded at +11.76% per year against +25.79% for QQQ; over five years the annualized figures are +12.13% and +15.20% respectively. Across the full 12-year window we track, QQQ has the edge at +13.10% annualized vs +4.05%. 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 17.3% for PDBC. 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 -49.5% for PDBC 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 0.18. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PDBC 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, PDBC currently yields 3.20% against 0.41% for QQQ.
Holdings Overlap
PDBC and QQQ share 0 holdings out of 108 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, PDBC or QQQ?
PDBC 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, PDBC or QQQ?
Over the past year PDBC returned +43.70% vs +25.37% for QQQ, so PDBC leads on 1-year performance. Over the longest common window we track (12 years), PDBC annualized +4.05% vs +13.10% for QQQ. Past performance does not guarantee future results.
Which is riskier, PDBC or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 17.3% for PDBC. Worst drawdown: PDBC -49.5% vs QQQ -83.0%.
Should I hold both PDBC and QQQ?
PDBC and QQQ have a monthly-return correlation of 0.18, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PDBC and QQQ?
PDBC and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 108 unique securities.
Which pays a higher dividend, PDBC or QQQ?
PDBC yields 3.20% while QQQ yields 0.41%, so PDBC currently pays the higher dividend yield.
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