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Invesco DB Commodity Index Tracking Fund (DBC)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISINUS73935S1050
CUSIP73935S105
IssuerInvesco
Inception DateFeb 3, 2006
CategoryCommodities
Index TrackedDBIQ Optimum Yield Diversified Commodity Index Excess Return
Home Pagewww.invesco.com
Asset ClassCommodity

Expense Ratio

DBC has a high expense ratio of 0.85%, indicating higher-than-average management fees.


Expense ratio chart for DBC: current value at 0.85% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.85%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Invesco DB Commodity Index Tracking Fund

Popular comparisons: DBC vs. PDBC, DBC vs. DJP, DBC vs. VAW, DBC vs. GSG, DBC vs. BCD, DBC vs. DBA, DBC vs. TIP, DBC vs. USCI, DBC vs. XLE, DBC vs. IAU

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Invesco DB Commodity Index Tracking Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


0.00%50.00%100.00%150.00%200.00%250.00%300.00%350.00%December2024FebruaryMarchAprilMay
12.11%
319.55%
DBC (Invesco DB Commodity Index Tracking Fund)
Benchmark (^GSPC)

S&P 500

Returns By Period

Invesco DB Commodity Index Tracking Fund had a return of 7.58% year-to-date (YTD) and 9.39% in the last 12 months. Over the past 10 years, Invesco DB Commodity Index Tracking Fund had an annualized return of -0.21%, while the S&P 500 had an annualized return of 10.99%, indicating that Invesco DB Commodity Index Tracking Fund did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date7.58%11.18%
1 month1.59%5.60%
6 months3.86%17.48%
1 year9.39%26.33%
5 years (annualized)9.85%13.16%
10 years (annualized)-0.21%10.99%

Monthly Returns

The table below presents the monthly returns of DBC, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20241.32%-1.52%4.46%1.61%7.58%
20230.89%-4.46%-0.08%-0.76%-6.41%2.95%8.72%-0.36%1.50%-1.80%-2.45%-3.29%-6.19%
20227.89%6.47%9.17%5.64%4.61%-7.50%-1.99%-1.49%-7.04%5.06%1.47%-2.71%19.34%
20213.33%10.14%-0.72%7.83%3.85%3.49%1.30%-1.64%5.21%5.80%-8.76%6.67%41.36%
2020-8.59%-6.65%-17.34%-3.11%8.07%4.50%5.12%4.64%-3.55%-3.14%10.20%5.45%-7.84%
20197.11%2.84%-0.38%1.19%-5.97%3.97%-1.14%-4.63%1.42%1.93%-0.13%5.85%11.84%
20182.95%-2.92%2.29%3.42%2.68%-1.94%-2.43%0.75%3.39%-5.62%-9.85%-4.00%-11.63%
2017-0.57%-0.19%-3.24%-2.70%-1.42%-0.96%4.08%0.40%1.99%3.96%0.94%2.78%4.86%
2016-4.34%-0.23%4.24%9.71%0.89%4.35%-6.97%0.77%4.31%-0.33%1.67%4.14%18.56%
2015-5.69%4.42%-6.05%7.15%-3.17%1.64%-12.61%-0.25%-3.44%0.33%-6.64%-5.85%-27.59%
2014-3.04%5.02%-0.04%1.11%-1.44%2.11%-4.74%-1.15%-7.23%-3.88%-8.51%-9.65%-28.10%
20132.48%-4.71%0.66%-3.81%-1.56%-2.82%3.18%2.82%-3.38%-0.04%-0.93%0.59%-7.63%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of DBC is 23, indicating that it is in the bottom 23% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.


The Risk-Adjusted Performance Rank of DBC is 2323
DBC (Invesco DB Commodity Index Tracking Fund)
The Sharpe Ratio Rank of DBC is 2626Sharpe Ratio Rank
The Sortino Ratio Rank of DBC is 2424Sortino Ratio Rank
The Omega Ratio Rank of DBC is 2424Omega Ratio Rank
The Calmar Ratio Rank of DBC is 1818Calmar Ratio Rank
The Martin Ratio Rank of DBC is 2222Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Invesco DB Commodity Index Tracking Fund (DBC) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


DBC
Sharpe ratio
The chart of Sharpe ratio for DBC, currently valued at 0.62, compared to the broader market0.002.004.006.000.62
Sortino ratio
The chart of Sortino ratio for DBC, currently valued at 0.92, compared to the broader market0.005.0010.000.92
Omega ratio
The chart of Omega ratio for DBC, currently valued at 1.11, compared to the broader market0.501.001.502.002.503.003.501.11
Calmar ratio
The chart of Calmar ratio for DBC, currently valued at 0.17, compared to the broader market0.005.0010.0015.000.17
Martin ratio
The chart of Martin ratio for DBC, currently valued at 1.45, compared to the broader market0.0020.0040.0060.0080.00100.001.45
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.38, compared to the broader market0.002.004.006.002.38
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.37, compared to the broader market0.005.0010.003.37
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.42, compared to the broader market0.501.001.502.002.503.003.501.42
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.94, compared to the broader market0.005.0010.0015.001.94
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 9.12, compared to the broader market0.0020.0040.0060.0080.00100.009.12

Sharpe Ratio

The current Invesco DB Commodity Index Tracking Fund Sharpe ratio is 0.62. This value is calculated based on the past 12 months of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Invesco DB Commodity Index Tracking Fund with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00December2024FebruaryMarchAprilMay
0.62
2.38
DBC (Invesco DB Commodity Index Tracking Fund)
Benchmark (^GSPC)

Dividends

Dividend History

Invesco DB Commodity Index Tracking Fund granted a 4.59% dividend yield in the last twelve months. The annual payout for that period amounted to $1.09 per share.


PeriodTTM202320222021202020192018
Dividend$1.09$1.09$0.14$0.00$0.00$0.25$0.19

Dividend yield

4.59%4.94%0.59%0.00%0.00%1.59%1.30%

Monthly Dividends

The table displays the monthly dividend distributions for Invesco DB Commodity Index Tracking Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.00$0.00$0.00$0.00$0.00
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.09$1.09
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.14$0.14
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2020$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2019$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.25$0.25
2018$0.19$0.19

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%December2024FebruaryMarchAprilMay
-43.67%
-0.09%
DBC (Invesco DB Commodity Index Tracking Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Invesco DB Commodity Index Tracking Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Invesco DB Commodity Index Tracking Fund was 76.36%, occurring on Apr 27, 2020. The portfolio has not yet recovered.

The current Invesco DB Commodity Index Tracking Fund drawdown is 43.67%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-76.36%Jul 3, 20082974Apr 27, 2020
-14.37%May 12, 200691Sep 20, 2006183Jun 14, 2007274
-10.01%Mar 14, 20085Mar 20, 200818Apr 16, 200823
-8.94%Feb 6, 20068Feb 15, 200637Apr 10, 200645
-6.68%May 22, 20089Jun 4, 20083Jun 9, 200812

Volatility

Volatility Chart

The current Invesco DB Commodity Index Tracking Fund volatility is 2.91%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%December2024FebruaryMarchAprilMay
2.91%
3.36%
DBC (Invesco DB Commodity Index Tracking Fund)
Benchmark (^GSPC)