AIGC.L vs. DBC
Compare and contrast key facts about WisdomTree Broad Commodities (AIGC.L) and Invesco DB Commodity Index Tracking Fund (DBC).
AIGC.L and DBC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AIGC.L is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg Commodity. It was launched on Sep 22, 2006. 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. Both AIGC.L and DBC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AIGC.L or DBC.
Key characteristics
| AIGC.L | DBC | |
|---|---|---|
| YTD Return | 5.03% | 5.85% |
| 1Y Return | 5.69% | 6.75% |
| 3Y Return (Ann) | 5.79% | 10.21% |
| 5Y Return (Ann) | 6.65% | 9.31% |
| 10Y Return (Ann) | -2.08% | -0.36% |
| Sharpe Ratio | 0.57 | 0.58 |
| Daily Std Dev | 11.45% | 13.73% |
| Max Drawdown | -76.02% | -76.36% |
| Current Drawdown | -55.95% | -44.57% |
Correlation
The correlation between AIGC.L and DBC is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AIGC.L vs. DBC - Performance Comparison
In the year-to-date period, AIGC.L achieves a 5.03% return, which is significantly lower than DBC's 5.85% return. Over the past 10 years, AIGC.L has underperformed DBC with an annualized return of -2.08%, while DBC has yielded a comparatively higher -0.36% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AIGC.L vs. DBC - Expense Ratio Comparison
AIGC.L has a 0.49% expense ratio, which is lower than DBC's 0.85% expense ratio.
Risk-Adjusted Performance
AIGC.L vs. DBC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Broad Commodities (AIGC.L) 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.
Dividends
AIGC.L vs. DBC - Dividend Comparison
AIGC.L has not paid dividends to shareholders, while DBC's dividend yield for the trailing twelve months is around 4.67%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
AIGC.L WisdomTree Broad Commodities | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DBC Invesco DB Commodity Index Tracking Fund | 4.67% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% |
Drawdowns
AIGC.L vs. DBC - Drawdown Comparison
The maximum AIGC.L drawdown since its inception was -76.02%, roughly equal to the maximum DBC drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for AIGC.L and DBC. For additional features, visit the drawdowns tool.
Volatility
AIGC.L vs. DBC - Volatility Comparison
The current volatility for WisdomTree Broad Commodities (AIGC.L) is 2.63%, while Invesco DB Commodity Index Tracking Fund (DBC) has a volatility of 3.13%. This indicates that AIGC.L 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.