^BCOM vs. DBC

Last updated Apr 2, 2026

Compare and contrast key facts about Bloomberg Commodity Index (^BCOM) and Invesco DB Commodity Index Tracking Fund (DBC).

DBC is a passively managed fund by Invesco that tracks the performance of the DBIQ Optimum Yield Diversified Commodity Index Excess Return. It was launched on Feb 3, 2006.

Performance

^BCOM vs. DBC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bloomberg Commodity Index (^BCOM) and Invesco DB Commodity Index Tracking Fund (DBC). The values are adjusted to include any dividend payments, if applicable.

^BCOM vs. DBC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^BCOM Bloomberg Commodity Index	22.67%	11.07%	0.12%	-12.55%	13.75%	27.05%	-3.50%	5.44%	-12.99%	0.75%
DBC Invesco DB Commodity Index Tracking Fund	28.26%	8.10%	2.18%	-6.19%	19.34%	41.36%	-7.84%	11.84%	-11.63%	4.86%

Returns By Period

In the year-to-date period, ^BCOM achieves a 22.67% return, which is significantly lower than DBC's 28.26% return. Over the past 10 years, ^BCOM has underperformed DBC with an annualized return of 5.61%, while DBC has yielded a comparatively higher 10.02% annualized return.

^BCOM

• 1D: -0.51%
• 1M: 8.68%
• YTD: 22.67%
• 6M: 27.73%
• 1Y: 26.33%
• 3Y*: 8.44%
• 5Y*: 9.93%
• 10Y*: 5.61%

DBC

• 1D: -0.93%
• 1M: 11.12%
• YTD: 28.26%
• 6M: 31.82%
• 1Y: 31.70%
• 3Y*: 11.34%
• 5Y*: 14.31%
• 10Y*: 10.02%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

^BCOM vs. DBC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^BCOM

^BCOM Risk / Return Rank: 90
^BCOM Sharpe Ratio Rank: 87
^BCOM Sortino Ratio Rank: 86
^BCOM Omega Ratio Rank: 86
^BCOM Calmar Ratio Rank: 98
^BCOM Martin Ratio Rank: 90

DBC

DBC Risk / Return Rank: 81
DBC Sharpe Ratio Rank: 84
DBC Sortino Ratio Rank: 84
DBC Omega Ratio Rank: 78
DBC Calmar Ratio Rank: 88
DBC Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

^BCOM vs. DBC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bloomberg Commodity Index (^BCOM) and Invesco DB Commodity Index Tracking Fund (DBC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	^BCOM	DBC	Difference
Sharpe ratio Return per unit of total volatility	1.53	1.70	-0.17
Sortino ratio Return per unit of downside risk	2.02	2.28	-0.26
Omega ratio Gain probability vs. loss probability	1.28	1.31	-0.02
Calmar ratio Return relative to maximum drawdown	5.02	2.89	+2.14
Martin ratio Return relative to average drawdown	12.55	7.43	+5.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^BCOM vs. DBC - Sharpe Ratio Comparison

The current ^BCOM Sharpe Ratio is 1.53, which is comparable to the DBC Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of ^BCOM and DBC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	^BCOM	DBC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.53	1.70	-0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.76	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	0.57	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.10	-0.05

Correlation

The correlation between ^BCOM and DBC is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Drawdowns

^BCOM vs. DBC - Drawdown Comparison

The maximum ^BCOM drawdown since its inception was -75.00%, roughly equal to the maximum DBC drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for ^BCOM and DBC.

Drawdown Indicators

	^BCOM	DBC	Difference
Max Drawdown Largest peak-to-trough decline	-75.00%	-76.36%	+1.36%
Max Drawdown (1Y) Largest decline over 1 year	-9.04%	-10.99%	+1.95%
Max Drawdown (5Y) Largest decline over 5 years	-31.68%	-27.34%	-4.34%
Max Drawdown (10Y) Largest decline over 10 years	-35.05%	-41.71%	+6.66%
Current Drawdown Current decline from peak	-43.45%	-25.80%	-17.65%
Average Drawdown Average peak-to-trough decline	-33.17%	-46.42%	+13.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	4.27%	-1.22%

Volatility

^BCOM vs. DBC - Volatility Comparison

The current volatility for Bloomberg Commodity Index (^BCOM) is 7.75%, while Invesco DB Commodity Index Tracking Fund (DBC) has a volatility of 8.30%. This indicates that ^BCOM experiences smaller price fluctuations and is considered to be less risky than DBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^BCOM	DBC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.75%	8.30%	-0.55%
Volatility (6M) Calculated over the trailing 6-month period	13.71%	13.96%	-0.25%
Volatility (1Y) Calculated over the trailing 1-year period	16.81%	18.75%	-1.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.20%	18.97%	-2.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.60%	17.72%	-3.12%