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PDBC vs USE

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

PDBCANasdaq

USCF Energy Commodity Strategy Absolute Return Fund

USECNYSE Arca

Overlap

Expense ratio

PDBC −0.20pt a year

PDBC0.59%USE0.79%

Avg volume · 30D

PDBC 1315.2×the volume

PDBC6.31MUSE4.8K

3Y return · a year

USE +2.7pt

PDBC+15.5%USE+18.2%

PDBC vs USE Performance

Oct 31, 2025 – Oct 30, 2026

+53.1%PDBC+63.6%USE

Oct 31, 2025 to Oct 30, 2026. PDBC +53.1%. USE +63.6%. Use the arrow keys to read each point.0%20%40%Oct 2025Apr 2026Oct 2026
Expense ratio
PDBC 0.59%, better
USE 0.79%
Fund size
PDBC $8.06B
USE $3M
1Y total return
PDBC +53.1%
USE +63.6%, better
Yield (12M)
PDBC 2.54%, better
USE 1.76%
Holdings
PDBC 3
USE 6
Avg volume (30D)
PDBC 6.31M sh, better
USE 4.8K sh
NAV per share
PDBC $20.12
USE $40.21
52W range

ETF.net Grade

PDBC: Cost 87, Risk 69, Mission not scored, Tradability 90, Holdings not scored, Durability 94. USE: Cost 53, Risk 34, Mission not scored, Tradability 34, Holdings not scored, Durability 26.
Pillar letters and Scores for PDBC, USE, with each pillar’s weight
PillarPDBCUSE
Cost30% weightA87HigherC53
Mission25% weightNot scoredNot scored
Risk15% weightB69HigherD34
Tradability15% weightA90HigherD34
Holdings10% weightNot scoredNot scored
Durability5% weightA94HigherD26

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. PDBC and USE 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 USE 9th 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 9CEVMTInvesco Electric Vehicle Metals Commodity Strategy No K-1 ETFScore 40
  4. Rank 9CUSEUSCF Energy Commodity Strategy Absolute Return FundScore 40
  5. Rank 11DKCCAKraneShares California Carbon Allowance Strategy ETFScore 29

Our read on each fund

ETF.net Research

PDBCAInvesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

USECUSCF Energy Commodity Strategy Absolute Return Fund

In short

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.

USE Most commodity funds hand you the whole grocery basket. USE shops one aisle: oil, petroleum and natural gas, run through derivatives with an absolute-return mandate instead of a buy-and-hold index.

Stated mandate

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

USE The report identifies USE as a Commodity Pool Fund whose strategy is implemented primarily through commodity-linked derivatives, with subsidiary exposure used to support RIC tax requirements.

Why people hold it

  • 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.
  • USE Single-theme by design. The mandate points at oil, petroleum and natural gas, not the metals-grains-energy grab bag inside diversified peers like PDBC or HARD.
  • Costs 0.79% a year, a shade under the typical commodity-futures fund and below index peers such as DBB at 0.81%.
  • Clean plumbing for a futures strategy: a commodity pool built on commodity-linked derivatives, with a subsidiary sleeve used to support RIC tax treatment.

Worth knowing

  • 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.
  • USE A small fund that trades thinly. That usually shows up as wider spreads and more attention needed on how orders get placed.
  • Energy futures move sharply in both directions, and an absolute-return label does not mute that. It sits in the lower half of its commodity-futures peer group.
  • Launched in 2023, so the operating history is short, and cash goes out at most once or twice a year rather than on a monthly rhythm.

Full PDBC profile⁠

Full USE profile⁠

PDBC vs USE 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.

PDBC vs USE Cost

Overpaying USE vs PDBC

$3,539

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

  • PDBC 0.59%

    $11,635

  • USE 0.79%

    $15,174

$10,000
30 years

Cost over time

  • PDBC 0.59%
  • USE 0.79%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530USE $15,174PDBC $11,635

Year by year

YearPDBCUSEOverpaying
10$1,058$1,405$347
20$4,051$5,331$1,280
30$11,635$15,174$3,539

Expense ratio

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

PDBC 2nd cheapest of 13 funds

USE 7th cheapest of 13 funds

PDBC vs USE Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
PDBC 2.54%, better
USE 1.76%
Payout (12M)
PDBC $0.51
USE $0.70
Last payment
PDBC $0.51
USE $0.70
Ex-dividend
PDBC Dec 22, 2025
USE Dec 22, 2025
Paid on
PDBC Dec 26, 2025
USE Dec 23, 2025
Frequency
PDBC Annual
USE Annual

Distribution history

Per share, 2017 to 2026, same scale for both

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$102017202020232026YTD
USEAnnual · 4 paymentsAll USE payments⁠
One bar per payment. 4 payments from 2017 to 2026 YTD. Aug 28, 2023 $0.46; Dec 27, 2023 $1.06; Dec 27, 2024 $10.72; Dec 22, 2025 $0.70. Use the arrow keys to read each point.$0$102017202020232026YTD

PDBC vs USE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
PDBC 16.8%, betterUSE 34.5%
Return per unit of riskSharpe ratio, 3 years
PDBC 0.67, betterUSE 0.52
Worst fallMax drawdown, 5 years
PDBC −27.6%USE −28.2%since May 2023
Market sensitivityBeta, 5 years
PDBC 1.06USE 1.37

PDBC and USE in the news

All news⁠

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