Invesco DB Commodity Index Tracking Fund (DBC)

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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.

Invesco DB Commodity Index Tracking Fund (DBC) has returned 29.47% so far this year and 33.00% over the past 12 months. Over the last ten years, DBC has returned 10.12% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Feb 6, 2006, DBC's average daily return is +0.02%, while the average monthly return is +0.31%. At this rate, your investment would double in approximately 18.7 years.

Historically, 52% of months were positive and 48% were negative. The best month was May 2009 with a return of +16.3%, while the worst month was Oct 2008 at -21.4%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 8 months.

On a daily basis, DBC closed higher 52% of trading days. The best single day was Nov 4, 2008 with a return of +6.0%, while the worst single day was Mar 9, 2022 at -7.9%.

Invesco DB Commodity Index Tracking Fund has an annualized alpha of 0.01%, beta of 0.39, and R² of 0.15 versus S&P 500 Index. Calculated based on daily prices since February 07, 2006.

• This ETF participated in 64.37% of S&P 500 Index downside but only 42.92% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.39 may look defensive, but with R² of 0.15 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.15 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

DBC has an expense ratio of 0.85%, placing it in the medium range.

DBC ranks 83 for risk / return — in the top 83% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Invesco DB Commodity Index Tracking Fund (DBC) and compare them to a chosen benchmark (S&P 500 Index).

Invesco DB Commodity Index Tracking Fund provided a 2.57% dividend yield over the last twelve months, with an annual payout of $0.74 per share.

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.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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 25.10%.

The chart below shows the rolling one-month volatility.