DBC vs. COMT
Compare and contrast key facts about Invesco DB Commodity Index Tracking Fund (DBC) and iShares Commodities Select Strategy ETF (COMT).
DBC and COMT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. COMT is an actively managed fund by iShares. It was launched on Oct 15, 2014.
Performance
DBC vs. COMT - Performance Comparison
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DBC vs. COMT - 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% |
COMT iShares Commodities Select Strategy ETF | 33.92% | 6.07% | 5.96% | -6.56% | 19.45% | 36.88% | -18.66% | 10.81% | -6.67% | 11.70% |
Returns By Period
In the year-to-date period, DBC achieves a 28.26% return, which is significantly lower than COMT's 33.92% return. Both investments have delivered pretty close results over the past 10 years, with DBC having a 10.02% annualized return and COMT not far ahead at 10.07%.
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%
COMT
- 1D
- -1.39%
- 1M
- 14.65%
- YTD
- 33.92%
- 6M
- 34.16%
- 1Y
- 35.63%
- 3Y*
- 13.62%
- 5Y*
- 15.09%
- 10Y*
- 10.07%
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DBC vs. COMT - Expense Ratio Comparison
DBC has a 0.85% expense ratio, which is higher than COMT's 0.48% expense ratio.
Return for Risk
DBC vs. COMT — Risk / Return Rank
DBC
COMT
DBC vs. COMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Commodity Index Tracking Fund (DBC) and iShares Commodities Select Strategy ETF (COMT). 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 | COMT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.70 | 1.80 | -0.10 |
Sortino ratioReturn per unit of downside risk | 2.28 | 2.42 | -0.14 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.33 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.89 | 3.03 | -0.14 |
Martin ratioReturn relative to average drawdown | 7.43 | 8.60 | -1.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DBC | COMT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 1.80 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.74 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.54 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.19 | -0.09 |
Correlation
The correlation between DBC and COMT is 0.93, 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.
Dividends
DBC vs. COMT - Dividend Comparison
DBC's dividend yield for the trailing twelve months is around 2.59%, less than COMT's 5.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBC Invesco DB Commodity Index Tracking Fund | 2.59% | 3.33% | 5.22% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% | 0.00% | 0.00% | 0.00% |
COMT iShares Commodities Select Strategy ETF | 5.78% | 7.74% | 4.90% | 5.19% | 29.79% | 17.79% | 0.36% | 2.61% | 11.65% | 5.16% | 0.52% | 1.44% |
Drawdowns
DBC vs. COMT - Drawdown Comparison
The maximum DBC drawdown since its inception was -76.36%, which is greater than COMT's maximum drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for DBC and COMT.
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Drawdown Indicators
| DBC | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.36% | -51.89% | -24.47% |
Max Drawdown (1Y)Largest decline over 1 year | -10.99% | -11.84% | +0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -27.34% | -29.00% | +1.66% |
Max Drawdown (10Y)Largest decline over 10 years | -41.71% | -39.22% | -2.49% |
Current DrawdownCurrent decline from peak | -25.80% | -2.83% | -22.97% |
Average DrawdownAverage peak-to-trough decline | -46.42% | -24.38% | -22.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 4.17% | +0.10% |
Volatility
DBC vs. COMT - Volatility Comparison
The current volatility for Invesco DB Commodity Index Tracking Fund (DBC) is 8.30%, while iShares Commodities Select Strategy ETF (COMT) has a volatility of 10.34%. This indicates that DBC experiences smaller price fluctuations and is considered to be less risky than COMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBC | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.30% | 10.34% | -2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 13.96% | 15.28% | -1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.75% | 19.87% | -1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.97% | 20.53% | -1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.72% | 18.69% | -0.97% |