PDBC vs VTI
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. PDBC delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | PDBC | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.03% | |
| AUM | $6.7B | $666.9B | |
| Dividend Yield | 2.91% | 1.07% | |
| Holdings | 54 | 3,543 | |
| YTD Return | +38.03% | +13.67% | |
| 1Y Return | +47.60% | +22.17% | |
| 3Y Return (annualized) | +12.82% | +21.93% | |
| 5Y Return (annualized) | +13.59% | +12.51% | |
| Volatility (annualized) | 17.4% | 15.3% | |
| Max Drawdown | -49.5% | -56.6% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Commodity | Equity | |
| Inception | Nov 7, 2014 | May 24, 2001 |
PDBC vs VTI Performance
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) is a ETF from Invesco (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year PDBC returned +47.60% while VTI returned +22.17%. Year to date, PDBC is up 38.03% versus a gain of 13.67% for VTI.
Over three years, PDBC compounded at +12.82% per year against +21.93% for VTI; over five years the annualized figures are +13.59% and +12.51% respectively. Across the full 12-year window we track, VTI has the edge at +8.11% annualized vs +4.22%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PDBC has been the more volatile fund, with annualized monthly volatility of 17.4% compared with 15.3% for VTI. 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 -56.6% for VTI. 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 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PDBC charges 0.59% per year while VTI charges 0.03%. On a $10,000 position that is $59 vs $3 annually, a gap of $56 per year that compounds over a long holding period. On income, PDBC currently yields 2.91% against 1.07% for VTI.
Holdings Overlap
PDBC and VTI share 3 holdings out of 2789 unique holdings combined, representing a 0.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PDBC or VTI?
PDBC has an expense ratio of 0.59% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
Which performed better, PDBC or VTI?
Over the past year PDBC returned +47.60% vs +22.17% for VTI, so PDBC leads on 1-year performance. Over the longest common window we track (12 years), PDBC annualized +4.22% vs +8.11% for VTI. Past performance does not guarantee future results.
Which is riskier, PDBC or VTI?
PDBC has been the more volatile fund at 17.4% annualized versus 15.3% for VTI. Worst drawdown: PDBC -49.5% vs VTI -56.6%.
Should I hold both PDBC and VTI?
PDBC and VTI have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PDBC and VTI?
PDBC and VTI share 3 common holdings with a 0.3% weight overlap. Combined, they hold 2789 unique securities.
Which pays a higher dividend, PDBC or VTI?
PDBC yields 2.91% while VTI yields 1.07%, so PDBC currently pays the higher dividend yield.
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