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BDRY vs PDBC

Breakwave Dry Bulk Shipping ETF

BDRYFNYSE Arca

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

PDBCANasdaq

Overlap

Expense ratio

PDBC −2.91pt a year

BDRY3.50%PDBC0.59%

Avg volume · 30D

PDBC 97.7×the volume

BDRY64.6KPDBC6.31M

5Y return · a year

PDBC +28.8pt

BDRY−16.5%PDBC+12.3%

BDRY vs PDBC Performance

Oct 29, 2021 – Oct 30, 2026

−59.4%BDRY+78.6%PDBC

Oct 29, 2021 to Oct 30, 2026. BDRY −59.4%. PDBC +78.6%. Use the arrow keys to read each point.−25%0%25%50%Oct 2021Apr 2024Oct 2026
Expense ratio
BDRY 3.50%
PDBC 0.59%, better
Fund size
BDRY $25M
PDBC $8.06B
1Y total return
BDRY +50.5%
PDBC +53.1%, better
Yield (12M)
BDRY No data
PDBC 2.54%
Holdings
BDRY 17
PDBC 3
Avg volume (30D)
BDRY 64.6K sh
PDBC 6.31M sh, better
NAV per share
BDRY $12.40
PDBC $20.12
52W range

ETF.net Grade

BDRY: Cost 1, Risk 30, Mission not scored, Tradability 28, Holdings 57, Durability 53. PDBC: Cost 87, Risk 69, Mission not scored, Tradability 90, Holdings not scored, Durability 94.
Pillar letters and Scores for BDRY, PDBC, with each pillar’s weight
PillarBDRYPDBC
Cost30% weightF1A87Higher
Mission25% weightNot scoredNot scored
Risk15% weightD30B69Higher
Tradability15% weightD28A90Higher
Holdings10% weightB57Not scored
Durability5% weightC53A94Higher

Rank among Commodity Futures funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BDRY and PDBC are both graded against the same 13 Commodity Futures funds, so their Grades compare head to head.

Commodity Futures⁠

Category · 13 funds
See all 13 ›

PDBC ranks 1st and BDRY 13th of 13 funds in the Commodity Futures Category.

  1. Rank 1APDBCInvesco Optimum Yield Diversified Commodity Strategy No K-1 ETFScore 84
  2. Rank 2BSOYBTeucrium Soybean FundScore 65
  3. Rank 12FCCOMSimplify Chinese Commodities Strategy No K-1 ETFScore 22
  4. Rank 13FBDRYBreakwave Dry Bulk Shipping ETFScore 17

Our read on each fund

ETF.net Research

BDRYFBreakwave Dry Bulk Shipping ETF

PDBCAInvesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

In short

BDRY Shipping stocks are a proxy. BDRY buys the thing itself: near-dated futures on dry bulk freight rate indexes, so it moves with what it costs to haul iron ore, coal and grain across an ocean.

PDBC Broad commodity exposure without the K-1 paperwork. Trading since 2014, PDBC packages a diversified futures basket inside an ordinary fund wrapper and aims to beat its commodity benchmark rather than simply mirror it.

Stated mandate

BDRY The Fund seeks exposure to daily changes in dry bulk freight futures through a portfolio of near-dated futures contracts on indexes measuring dry bulk shipping rates.

PDBC The fund seeks to outperform the excess-return version of its benchmark through a diversified commodity strategy.

Why people hold it

  • BDRY Pure freight exposure. It holds near-dated futures on dry bulk shipping rate indexes, so cargo rates drive it, not the balance sheets of shipping companies.amplifyetfs.com
  • A corner of commodities that broad futures funds like PDBC and DBB leave out: freight is a service, priced off cargo demand and how many ships are free to carry it.
  • Running since 2018, so the structure has worked through several turns of the freight cycle rather than one short stretch.
  • PDBC The K-1 dodge is right there in the name. It is built as a 1940 Act fund, not a commodity partnership.invesco.com
  • 0.74% a year, below the typical fee among commodity futures funds.
  • A multi-billion-dollar fund and one of the busiest tickers in the commodity aisle, which tends to show up as tight spreads for buyers and sellers.
  • Live since 2014 and one of the strongest implementations in its commodity futures peer group.

Worth knowing

  • BDRY Cost is the headline trade-off: a 3.5% expense ratio, multiples of what diversified commodity futures funds in its group charge.
  • Near-dated contracts get rolled forward, so results can drift from spot freight rates depending on the shape of the futures curve.amplifyetfs.com
  • A small fund with no regular distributions, so freight rate swings, which are among the choppiest in commodities, are the whole story.
  • PDBC Commodities swing. Energy, metals and crops can move hard in both directions, and this basket rides every one of those moves.
  • The mandate is to beat the benchmark, not hug it, so results can diverge from the index it measures itself against.invesco.com
  • Payouts are lumpy by design: distributions land annually or semiannually, not on a monthly drip.

Full BDRY profile⁠

Full PDBC profile⁠

BDRY vs PDBC Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BDRY vs PDBC Cost

Overpaying BDRY vs PDBC

$36,420

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BDRY 3.50%

    $48,055

  • PDBC 0.59%

    $11,635

$10,000
30 years

Cost over time

  • BDRY 3.50%
  • PDBC 0.59%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K$40K$50K051015202530BDRY $48,055PDBC $11,635

Year by year

YearBDRYPDBCOverpaying
10$5,566$1,058$4,508
20$18,799$4,051$14,748
30$48,055$11,635$36,420

Expense ratio

  • 3.50%BDRY
  • 0.59%PDBC, cheaper
  • Middle half of Commodity Futures funds
  • Median 0.79%

PDBC 2nd cheapest of 13 funds

BDRY 13th cheapest of 13 funds

BDRY vs PDBC Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BDRY No data
PDBC 2.54%
Payout (12M)
BDRY None
PDBC $0.51
Last payment
BDRY No data
PDBC $0.51
Ex-dividend
BDRY No data
PDBC Dec 22, 2025
Paid on
BDRY No data
PDBC Dec 26, 2025
Frequency
BDRY No data
PDBC Annual

Distribution history

Per share, 2017 to 2026, same scale for both

BDRYAll BDRY payments⁠

No distribution history available.

PDBCAnnual · 10 paymentsAll PDBC payments⁠
One bar per payment. 10 payments from 2017 to 2026 YTD. Dec 18, 2017 $0.67; Dec 24, 2018 $0.15; Dec 23, 2019 $0.23; Dec 21, 2020 $0.001; Dec 3, 2021 $5.39; Dec 20, 2021 $1.76; Dec 19, 2022 $1.93; Dec 18, 2023 $0.56; Dec 23, 2024 $0.57; Dec 22, 2025 $0.51. Use the arrow keys to read each point.$0$52017202020232026YTD

BDRY vs PDBC Risk

Fall from peak · 5 years

  • BDRY
  • PDBC
Oct 29, 2021 to Oct 30, 2026. Worst fall: BDRY −85.2% · Jul 2023. Use the arrow keys to read each point.−75%−50%−25%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
BDRY 70.6%PDBC 16.8%, better
Return per unit of riskSharpe ratio, 3 years
BDRY 0.64PDBC 0.67, better
Worst fallMax drawdown, 5 years
BDRY −85.2%PDBC −27.6%, better
Market sensitivityBeta, 5 years
BDRY 2.59PDBC 1.06

BDRY and PDBC in the news

All news⁠

Popular comparisons

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    Expense ratio
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    Category
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