PDBC vs VYM
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. PDBC delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | PDBC | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.04% | |
| AUM | $6.3B | $79.0B | |
| Dividend Yield | 3.20% | 2.86% | |
| Holdings | 54 | 568 | |
| YTD Return | +29.89% | +15.80% | |
| 1Y Return | +37.73% | +26.12% | |
| 3Y Return (annualized) | +10.01% | +18.25% | |
| 5Y Return (annualized) | +11.72% | +12.51% | |
| Volatility (annualized) | 17.3% | 14.6% | |
| Max Drawdown | -49.5% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Commodity | Equity | |
| Inception | Nov 7, 2014 | Nov 10, 2006 |
PDBC vs VYM Performance
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year PDBC returned +37.73% while VYM returned +26.12%. Year to date, PDBC is up 29.89% versus a gain of 15.80% for VYM.
Over three years, PDBC compounded at +10.01% per year against +18.25% for VYM; over five years the annualized figures are +11.72% and +12.51% respectively. Across the full 12-year window we track, VYM has the edge at +7.07% annualized vs +3.70%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PDBC has been the more volatile fund, with annualized monthly volatility of 17.3% compared with 14.6% for VYM. 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 -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 0.45. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PDBC 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, PDBC currently yields 3.20% against 2.86% for VYM.
Holdings Overlap
PDBC and VYM share 1 holdings out of 562 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in PDBC | Weight in VYM | Difference |
|---|---|---|---|
| C | 0.22% | 0.81% | 0.59% |
Frequently Asked Questions
Which is cheaper, PDBC or VYM?
PDBC 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, PDBC or VYM?
Over the past year PDBC returned +37.73% vs +26.12% for VYM, so PDBC leads on 1-year performance. Over the longest common window we track (12 years), PDBC annualized +3.70% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, PDBC or VYM?
PDBC has been the more volatile fund at 17.3% annualized versus 14.6% for VYM. Worst drawdown: PDBC -49.5% vs VYM -58.8%.
Should I hold both PDBC and VYM?
PDBC and VYM have a monthly-return correlation of 0.45, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PDBC and VYM?
PDBC and VYM share 1 common holdings with a 0.2% weight overlap. Combined, they hold 562 unique securities.
Which pays a higher dividend, PDBC or VYM?
PDBC yields 3.20% while VYM yields 2.86%, so PDBC currently pays the higher dividend yield.
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