DBC vs. ^BCOM

Last updated Apr 2, 2026

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

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

DBC vs. ^BCOM - Performance Comparison

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

DBC vs. ^BCOM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
^BCOM Bloomberg Commodity Index	22.67%	11.07%	0.12%	-12.55%	13.75%	27.05%	-3.50%	5.44%	-12.99%	0.75%

Returns By Period

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

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%

^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%

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

Return for Risk

DBC vs. ^BCOM — Risk / Return Rank

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

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

^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

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.

DBC vs. ^BCOM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DB Commodity Index Tracking Fund (DBC) and Bloomberg Commodity Index (^BCOM). 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.

	DBC	^BCOM	Difference
Sharpe ratio Return per unit of total volatility	1.70	1.53	+0.17
Sortino ratio Return per unit of downside risk	2.28	2.02	+0.26
Omega ratio Gain probability vs. loss probability	1.31	1.28	+0.02
Calmar ratio Return relative to maximum drawdown	2.89	5.02	-2.14
Martin ratio Return relative to average drawdown	7.43	12.55	-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.

DBC vs. ^BCOM - Sharpe Ratio Comparison

The current DBC Sharpe Ratio is 1.70, which is comparable to the ^BCOM Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of DBC and ^BCOM, 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

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

Correlation

The correlation between DBC and ^BCOM 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

DBC vs. ^BCOM - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

DBC vs. ^BCOM - Volatility Comparison

Invesco DB Commodity Index Tracking Fund (DBC) has a higher volatility of 8.30% compared to Bloomberg Commodity Index (^BCOM) at 7.75%. This indicates that DBC's price experiences larger fluctuations and is considered to be riskier than ^BCOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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