CMG vs. DBC
CMG (Chipotle Mexican Grill, Inc.) is a stock, while DBC (Invesco DB Commodity Index Tracking Fund) is Commodities fund tracking the DBIQ Optimum Yield Diversified Commodity Index Excess Return. Over the past 10 years, CMG returned 16.54%/yr vs 9.54%/yr for DBC. Their 0.12 correlation means their historical movements had little consistent relationship.
Performance
CMG vs. DBC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CMG achieves a 0.59% return, which is significantly lower than DBC's 31.71% return. Over the past 10 years, CMG has outperformed DBC with an annualized return of 16.54%, while DBC has yielded a comparatively lower 9.54% annualized return.
CMG
- 1D
- -3.37%
- 1M
- 5.17%
- 6M
- -4.24%
- YTD
- 0.59%
- 1Y
- -12.46%
- 3Y*
- -1.63%
- 5Y*
- -0.03%
- 10Y*
- 16.54%
- ALL TIME*
- 19.90%
DBC
- 1D
- 0.44%
- 1M
- 10.84%
- 6M
- 20.55%
- YTD
- 31.71%
- 1Y
- 37.81%
- 3Y*
- 11.07%
- 5Y*
- 11.66%
- 10Y*
- 9.54%
- ALL TIME*
- 2.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $612.37M | $603.10M | $624.35M | |
| $27.92M | $29.19M | $34.33M |
CMG vs. DBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMG Chipotle Mexican Grill, Inc. | 0.59% | -38.64% | 31.83% | 64.83% | -20.64% | 26.07% | 65.65% | 93.87% | 49.39% | -23.40% |
DBC Invesco DB Commodity Index Tracking Fund | 31.71% | 8.10% | 2.18% | -6.19% | 19.34% | 41.36% | -7.84% | 11.84% | -11.63% | 4.86% |
Correlation
The correlation between CMG and DBC is -0.18, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.18 |
Correlation (3Y) Balances recent behavior with more history. | -0.05 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.02 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.09 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2006 | 0.12 |
The correlation between CMG and DBC shifts across timeframes, from -0.18 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CMG vs. DBC — Risk / Return Rank
CMG
DBC
CMG vs. DBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Chipotle Mexican Grill, Inc. (CMG) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CMG | DBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.16 | ||
| Sortino ratioReturn per unit of downside risk | -2.65 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.31 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 2.16 | -2.53 |
| Martin ratioReturn relative to average drawdown | -0.67 | 7.20 | -7.86 |
Loading charts...
Drawdowns
CMG vs. DBC - Drawdown Comparison
The maximum CMG drawdown since its inception was -74.61%, roughly equal to the maximum DBC drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for CMG and DBC.
Loading charts...
Drawdown Indicators
| CMG | DBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.61% | -76.36% | +1.75% |
Max Drawdown (1Y)Largest decline over 1 year | -36.01% | -16.54% | -19.47% |
Max Drawdown (3Y)Largest decline over 3 years | -58.89% | -16.54% | -42.35% |
Max Drawdown (5Y)Largest decline over 5 years | -58.89% | -27.34% | -31.55% |
Max Drawdown (10Y)Largest decline over 10 years | -58.89% | -41.71% | -17.18% |
Current DrawdownCurrent decline from peak | -45.71% | -23.81% | -21.90% |
Average DrawdownAverage peak-to-trough decline | -21.56% | -46.07% | +24.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.85% | 5.00% | +14.85% |
Volatility
CMG vs. DBC - Volatility Comparison
Chipotle Mexican Grill, Inc. (CMG) has a higher volatility of 17.31% compared to Invesco DB Commodity Index Tracking Fund (DBC) at 7.01%. This indicates that CMG's price experiences larger fluctuations and is considered to be riskier than DBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CMG | DBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.31% | 7.01% | +10.30% |
Volatility (6M)Calculated over the trailing 6-month period | 29.05% | 17.35% | +11.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.89% | 19.58% | +20.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.19% | 19.31% | +14.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.97% | 17.87% | +18.10% |
Dividends
CMG vs. DBC - Dividend Comparison
CMG has not paid dividends to shareholders, while DBC's dividend yield for the trailing twelve months is around 2.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CMG Chipotle Mexican Grill, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DBC Invesco DB Commodity Index Tracking Fund | 2.53% | 3.33% | 5.22% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% |
Frequently Asked Questions
CMG and DBC have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMG has higher volatility (17.31%) compared to DBC (7.01%). In terms of maximum drawdown, CMG dropped -74.61% vs DBC's -76.36%.
DBC currently has the higher Sharpe Ratio (1.83 vs -0.33), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for CMG and DBC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer