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PDBC vs WEAT

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

PDBCANasdaq

Teucrium Wheat Fund

WEATBNYSE Arca

Overlap

Expense ratio

PDBC −0.03pt a year

PDBC0.59%WEAT0.62%

Avg volume · 30D

PDBC 11.7×the volume

PDBC6.31MWEAT538K

10Y return · a year

PDBC +14.8pt

PDBC+9.9%WEAT−4.9%

PDBC vs WEAT Performance

Oct 29, 2021 – Oct 30, 2026

+78.6%PDBC−41.0%WEAT

Oct 29, 2021 to Oct 30, 2026. PDBC +78.6%. WEAT −41.0%. Use the arrow keys to read each point.−25%0%25%50%Oct 2021Apr 2024Oct 2026
Expense ratio
PDBC 0.59%, better
WEAT 0.62%
Fund size
PDBC $8.06B
WEAT $234M
1Y total return
PDBC +53.1%, better
WEAT +4.7%
Yield (12M)
PDBC 2.54%
WEAT No data
Holdings
PDBC 3
WEAT 31
Avg volume (30D)
PDBC 6.31M sh, better
WEAT 538K sh
NAV per share
PDBC $20.12
WEAT $22.21
52W range

ETF.net Grade

PDBC: Cost 87, Risk 69, Mission not scored, Tradability 90, Holdings not scored, Durability 94. WEAT: Cost 76, Risk 26, Mission not scored, Tradability 84, Holdings not scored, Durability 61.
Pillar letters and Scores for PDBC, WEAT, with each pillar’s weight
PillarPDBCWEAT
Cost30% weightA87HigherA76
Mission25% weightNot scoredNot scored
Risk15% weightB69HigherD26
Tradability15% weightA90HigherA84
Holdings10% weightNot scoredNot scored
Durability5% weightA94HigherB61

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 WEAT 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 WEAT 2nd 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 2BWEATTeucrium Wheat FundScore 65
  4. Rank 4BCMDTPIMCO Commodity Strategy Active Exchange-Traded FundScore 64

Our read on each fund

ETF.net Research

PDBCAInvesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

WEATBTeucrium Wheat 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.

WEAT Wheat, straight up. Since 2011 this Teucrium fund has given brokerage-account investors pure-play exposure to CBOT wheat futures, laddered across three contract months rather than piled into the front month.

Stated mandate

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

WEAT The fund seeks cost-effective price exposure to the wheat market through futures for future delivery.

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.
  • WEAT Costs 0.62% a year, under the typical fee for futures-based commodity funds. Cheap matters most when the thing you own throws off no income.
  • The benchmark splits across three CBOT contracts: 35% second-to-expire, 30% third-to-expire, 35% the following December. Roll risk gets spread down the curve, not stacked on one month.teucrium.com
  • Wheat exposure without a futures account: no margin posting, no roll management, no contract expiries on your calendar. Buy it like a stock, sell it like a stock.teucrium.com
  • Among futures-based commodity funds, one of the stronger overall packages on cost and structure.

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.
  • WEAT It is a commodity pool taxed as a partnership, so shareholders get a Schedule K-1 with Section 1256 treatment (60% long-term, 40% short-term), not a 1099.teucrium.com
  • The fund tracks wheat futures, not the spot price. When the curve slopes against you, returns can drift from the wheat headlines you read.teucrium.com
  • One crop, one market, and weather sets the price. Swings here run hot compared with diversified commodity baskets, and the fund is built for price exposure, not income.

Full PDBC profile⁠

Full WEAT profile⁠

PDBC vs WEAT 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 WEAT Cost

Overpaying WEAT vs PDBC

$544

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

  • PDBC 0.59%

    $11,635

  • WEAT 0.62%

    $12,179

$10,000
30 years

Cost over time

  • PDBC 0.59%
  • WEAT 0.62%
  • Overpaying
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$12.5K051015202530WEAT $12,179PDBC $11,635

Year by year

YearPDBCWEATOverpaying
10$1,058$1,111$53
20$4,051$4,246$195
30$11,635$12,179$544

Expense ratio

  • 0.59%PDBC, cheaper
  • 0.62%WEAT
  • Middle half of Commodity Futures funds
  • Median 0.79%

PDBC 2nd cheapest of 13 funds

WEAT 4th cheapest of 13 funds

PDBC vs WEAT Dividends

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

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$52017202020232026YTD
WEATAll WEAT payments⁠

No distribution history available.

PDBC vs WEAT Risk

Fall from peak · 5 years

  • PDBC
  • WEAT
Oct 29, 2021 to Oct 30, 2026. Worst fall: WEAT −67.8% · Dec 2025. Use the arrow keys to read each point.−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
PDBC 16.8%, betterWEAT 22.0%
Return per unit of riskSharpe ratio, 3 years
PDBC 0.67, betterWEAT −0.46
Worst fallMax drawdown, 5 years
PDBC −27.6%, betterWEAT −67.8%
Market sensitivityBeta, 5 years
PDBC 1.06WEAT 0.68

PDBC and WEAT in the news

All news⁠

Popular comparisons

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    Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF · Teucrium Soybean Fund

    Expense ratio
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    Category
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  • WEATBvsSOYBB

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