DBC vs. COST
DBC (Invesco DB Commodity Index Tracking Fund) is Commodities fund tracking the DBIQ Optimum Yield Diversified Commodity Index Excess Return, while COST (Costco Wholesale Corporation) is a stock. Over the past 10 years, DBC returned 9.54%/yr vs 21.10%/yr for COST. Their 0.09 correlation means their historical movements had little consistent relationship.
Performance
DBC vs. COST - Performance Comparison
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Returns By Period
In the year-to-date period, DBC achieves a 31.71% return, which is significantly higher than COST's 10.87% return. Over the past 10 years, DBC has underperformed COST with an annualized return of 9.54%, while COST has yielded a comparatively higher 21.10% annualized return.
DBC
- 1D
- 0.44%
- 1M
- 11.34%
- 6M
- 20.55%
- YTD
- 31.71%
- 1Y
- 35.60%
- 3Y*
- 11.07%
- 5Y*
- 11.66%
- 10Y*
- 9.54%
- ALL TIME*
- 2.04%
COST
- 1D
- -0.24%
- 1M
- 3.11%
- 6M
- 1.55%
- YTD
- 10.87%
- 1Y
- 2.04%
- 3Y*
- 21.34%
- 5Y*
- 18.51%
- 10Y*
- 21.10%
- ALL TIME*
- 16.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.83B | $2.11B | $2.34B | |
| $27.92M | $29.19M | $34.33M |
DBC vs. COST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
COST Costco Wholesale Corporation | 10.87% | -5.39% | 39.62% | 49.00% | -19.05% | 51.82% | 32.67% | 45.70% | 10.60% | 22.37% |
Correlation
The correlation between DBC and COST is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.00 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.03 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.08 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2006 | 0.09 |
The correlation between DBC and COST shifts across timeframes, from -0.01 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DBC vs. COST — Risk / Return Rank
DBC
COST
DBC vs. COST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Commodity Index Tracking Fund (DBC) and Costco Wholesale Corporation (COST). 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.
| DBC | COST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.73 | ||
| Sortino ratioReturn per unit of downside risk | +2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.03 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 0.12 | +2.04 |
| Martin ratioReturn relative to average drawdown | 7.20 | 0.26 | +6.94 |
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Drawdowns
DBC vs. COST - Drawdown Comparison
The maximum DBC drawdown since its inception was -76.36%, which is greater than COST's maximum drawdown of -53.39%. Use the drawdown chart below to compare losses from any high point for DBC and COST.
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Drawdown Indicators
| DBC | COST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.36% | -53.39% | -22.97% |
Max Drawdown (1Y)Largest decline over 1 year | -16.54% | -16.57% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -16.54% | -20.74% | +4.20% |
Max Drawdown (5Y)Largest decline over 5 years | -27.34% | -31.40% | +4.06% |
Max Drawdown (10Y)Largest decline over 10 years | -41.71% | -31.40% | -10.31% |
Current DrawdownCurrent decline from peak | -23.81% | -12.88% | -10.93% |
Average DrawdownAverage peak-to-trough decline | -46.07% | -13.36% | -32.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.00% | 7.81% | -2.81% |
Volatility
DBC vs. COST - Volatility Comparison
Invesco DB Commodity Index Tracking Fund (DBC) and Costco Wholesale Corporation (COST) have volatilities of 7.01% and 7.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBC | COST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.01% | 7.34% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 17.35% | 15.13% | +2.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.58% | 19.96% | -0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.31% | 22.93% | -3.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.87% | 22.03% | -4.16% |
Dividends
DBC vs. COST - Dividend Comparison
DBC's dividend yield for the trailing twelve months is around 2.53%, more than COST's 0.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COST Costco Wholesale Corporation | 0.72% | 0.59% | 0.49% | 2.87% | 0.76% | 0.54% | 3.38% | 0.86% | 1.08% | 4.81% | 1.09% | 4.06% |
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% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DBC and COST have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COST has higher volatility (7.34%) compared to DBC (7.01%). In terms of maximum drawdown, DBC dropped -76.36% vs COST's -53.39%.
DBC currently has the higher Sharpe Ratio (1.83 vs 0.10), 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.
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