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EVMT vs PDBC

Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF

EVMTCNasdaq

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

PDBCANasdaq

Overlap

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

EVMT0.59%PDBC0.59%

Avg volume · 30D

PDBC 1891.3×the volume

EVMT3.34KPDBC6.31M

3Y return · a year

PDBC +10.2pt

EVMT+3.6%PDBC+13.8%

EVMT vs PDBC Performance

Oct 31, 2025 – Nov 2, 2026

+6.6%EVMT+48.0%PDBC

Oct 31, 2025 to Nov 2, 2026. EVMT +6.6%. PDBC +48.0%. Use the arrow keys to read each point.0%20%30%40%Oct 2025May 2026Nov 2026
Expense ratio
EVMT 0.59%
PDBC 0.59%
Fund size
EVMT $4M
PDBC $8.06B
1Y total return
EVMT +6.6%
PDBC +48.0%, better
Yield (12M)
EVMT 12.06%, better
PDBC 2.63%
Holdings
EVMT 3
PDBC 3
Avg volume (30D)
EVMT 3.34K sh
PDBC 6.31M sh, better
NAV per share
EVMT $16.40
PDBC $20.12
52W range

ETF.net Grade

EVMT: Cost 87, Risk 48, Mission not scored, Tradability 28, Holdings not scored, Durability 47. PDBC: Cost 87, Risk 68, Mission not scored, Tradability 87, Holdings not scored, Durability 94.
Pillar letters and Scores for EVMT, PDBC, with each pillar’s weight
PillarEVMTPDBC
Cost30% weightA87A87
Mission25% weightNot scoredNot scored
Risk15% weightC48B68Higher
Tradability15% weightD28A87Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC47A94Higher

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. EVMT 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 EVMT 9th of 13 funds in the Commodity Futures Category.

  1. Rank 1APDBCInvesco Optimum Yield Diversified Commodity Strategy No K-1 ETFScore 83
  2. Rank 2BSOYBTeucrium Soybean FundScore 65
  3. Rank 8CHARDSimplify Commodities Strategy No K-1 ETFScore 41
  4. Rank 9CEVMTInvesco Electric Vehicle Metals Commodity Strategy No K-1 ETFScore 40
  5. Rank 9CUSEUSCF Energy Commodity Strategy Absolute Return FundScore 40

Our read on each fund

ETF.net Research

EVMTCInvesco Electric Vehicle Metals Commodity Strategy No K-1 ETF

PDBCAInvesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

In short

EVMT Most EV-metals funds buy the miners. EVMT buys the metals: an actively managed basket of futures on copper, nickel, aluminum, cobalt, iron ore and lithium, with 1099 tax reporting instead of a K-1.

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

EVMT The Fund seeks to outperform the excess-return version of its Benchmark, identified as SPGEVMUP.

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

Why people hold it

  • EVMT Owns the commodity, not the company. Futures on iron ore, copper, aluminum, nickel, cobalt and lithium mean no mine strikes, balance sheets or equity-market beta riding along.invesco.comsec.gov
  • Actively managed and benchmark-aware: it aims to outperform the excess-return version of the S&P GSCI Electric Vehicle Metals Index rather than simply mirror it.invesco.com
  • The "No K-1" in the name is the whole point: a 1940 Act fund, so futures-based metals exposure shows up on a standard 1099 at tax time.invesco.com
  • The benchmark reweights twice a year (January and July) toward the metals used most in EV production, so the mix follows the recipe rather than a fixed list.invesco.com
  • 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

  • EVMT Costs 0.74% a year, above the cohort median of 0.65% and well above miner funds like PICK (0.39%) and REMX (0.53%).
  • A small fund that trades thinly, so spreads can run wider than the category's household names.
  • Futures carry roll costs, and a handful of metals prices drive everything. No miner earnings or dividends soften a flat stretch in the metals themselves.invesco.com
  • 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 EVMT profile⁠

Full PDBC profile⁠

EVMT 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.

EVMT vs PDBC Cost

Same expense ratio

$11,635

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

  • EVMT 0.59%

    $11,635

  • PDBC 0.59%

    $11,635

$10,000
30 years

Cost over time

  • EVMT 0.59%
  • PDBC 0.59%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530EVMT $11,635PDBC $11,635

Year by year

YearEVMTPDBC
10$1,058$1,058
20$4,051$4,051
30$11,635$11,635

Expense ratio

  • 0.59%EVMT
  • 0.59%PDBC
  • Middle half of Commodity Futures funds
  • Median 0.79%

EVMT 2nd cheapest of 13 funds

PDBC 2nd cheapest of 13 funds

EVMT vs PDBC Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
EVMT 12.06%, better
PDBC 2.63%
Payout (12M)
EVMT $2.00
PDBC $0.51
Last payment
EVMT $2.00
PDBC $0.51
Ex-dividend
EVMT Dec 22, 2025
PDBC Dec 22, 2025
Paid on
EVMT Dec 26, 2025
PDBC Dec 26, 2025
Frequency
EVMT Annual
PDBC Annual

Distribution history

Per share, 2017 to 2026, same scale for both

EVMTAnnual · 4 paymentsAll EVMT payments⁠
One bar per payment. 4 payments from 2017 to 2026 YTD. Dec 19, 2022 $0.21; Dec 18, 2023 $0.93; Dec 23, 2024 $0.53; Dec 22, 2025 $2.00. Use the arrow keys to read each point.$0$52017202020232026YTD
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

EVMT vs PDBC Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
EVMT 16.0%, betterPDBC 16.8%
Return per unit of riskSharpe ratio, 3 years
EVMT −0.03PDBC 0.67, better
Worst fallMax drawdown, 5 years
EVMT −48.3%since Apr 2022PDBC −27.6%
Market sensitivityBeta, 5 years
EVMT 0.69PDBC 1.06

EVMT and PDBC in the news

All news⁠

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