At a glance
- PDBC holds $7.9 billion in assets and DBC $2 billion, according to ETF Trends.
- DBC is nearly 50% above its October 2025 low of $21.98, and PDBC is up from a low of $13.10.
- For advisors, the choice is price and paperwork: DBC charges 0.84%, PDBC charges 0.59%, a 25 bps gap, and PDBC is structured as a no-K-1 fund.
Invesco's two broad commodity futures ETFs reached 52-week highs, with the actively managed Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) at $20.17 and the passive Invesco DB Commodity Index Tracking ETF (DBC) near $33.80. PDBC holds $7.9 billion in assets and DBC $2 billion, according to ETF Trends.
DBC is nearly 50% above its October 2025 low of $21.98, and PDBC is up from a low of $13.10. DBC returned 50.13% year to date and 15.84% over the past three months, the report said.
For advisors, the choice is price and paperwork: DBC charges 0.84%, PDBC charges 0.59%, a 25 bps gap, and PDBC is structured as a no-K-1 fund. VettaFi analysis cited by ETF Trends found many advisors are building dedicated real-asset sleeves of 5% to 15% rather than concentrating in a single commodity.
DBC tracks the DBIQ Optimum Yield Diversified Commodity Index Excess Return, whose 14 commodities span energy, precious metals, industrial metals and agriculture; PDBC is run to beat the same index. The report attributes the run to energy prices, with Brent crude recently at $109 a barrel, and to demand from AI infrastructure, including industrial metals and the power needed for new buildouts. It also frames the trade against a 10-year Treasury yield near 5.0%, with commodities presented as a partial answer to inflation that has not fully cooled.
Applying the stated expense ratios to the stated assets implies roughly $47 million a year in fees on PDBC, against about $17 million on DBC. The cheaper share class is also nearly four times DBC's assets.
Reported by The Tape desk from ETF Trends and VettaFi data, as cited by ETF Trends. Published . Corrections