A side-by-side comparison of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) and BMO Gold Bullion ETF (CAD Units) (ZGLD) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | PDBC | ZGLD |
|---|---|---|
| YTD Return | +21.58%✓ | -5.68% |
| 1-Day Change | -0.15%✓ | -1.33% |
| 1-Week Change | +0.45%✓ | -0.30% |
| 1-Month Change | +4.20%✓ | -5.04% |
| Current Price | $20.11 | $60.32 |
| AUM | $8.02B✓ | $1.73B |
| MER (Expense Ratio) | 0.61% | — |
| Dividend Yield | 2.65% | — |
| Distribution Frequency | NA | — |
| Inception Date | 2014-11-07 | 2024-03-08 |
| Holdings Count | 1 | 1 |
| MorningStar Rating | — | — |
| Category | Broad Commodities | Broad Commodities |
| Beta | 1.07 | 0.00 |
| 52-Week High | $20.36 | $80.54 |
| 52-Week Low | $12.81 | $59.50 |
| 50-Day MA | $19.44 | $64.29 |
| 200-Day MA | $17.37 | $67.03 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | PDBC | ZGLD |
|---|---|---|
| YTD | +21.58%✓ | -5.68% |
| 1 Year | +54.16%✓ | +2.12% |
| 3 Year | +14.82% | — |
| 5 Year | +12.59% | — |
| 10 Year | +9.61% | — |
| 1Y Volatility | 23.44% | 25.71% |
| Sharpe Ratio (3Y) | 0.57 | 0.00 |
Past performance is not a guarantee of future results.
Sector Weights
| Sector | PDBC | ZGLD |
|---|---|---|
| Basic Materials | 0.00% | 0.00% |
| Communication Services | 0.00% | 0.00% |
| Consumer Cyclicals | 0.00% | 0.00% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 0.00% | 0.00% |
| Financial Services | 0.00% | 0.00% |
| Healthcare | 0.00% | 0.00% |
| Industrials | 0.00% | 0.00% |
| Real Estate | 0.00% | 0.00% |
| Technology | 0.00% | 0.00% |
| Utilities | 0.00% | 0.00% |
About PDBC
The fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing in a combination of financial instruments that are economically linked to the world's most heavily traded commodities. Commodities are assets that have tangible properties, such as oil, agricultural produce or raw metals.
About ZGLD
BMO Gold Bullion ETF (CAD Units) (ZGLD.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
Which ETF is Right for You?
Both PDBC and ZGLD are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, PDBC scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between PDBC and ZGLD?
PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) and ZGLD (BMO Gold Bullion ETF (CAD Units)) are both Canadian-listed ETFs. Key differences include their AUM ($8.02B vs $1.73B), dividend yield (2.65% vs N/A), and year-to-date performance (+21.58% vs -5.68%).
Is PDBC better than ZGLD?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, PDBC has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy PDBC and ZGLD on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both PDBC and ZGLD should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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