DBC vs. DIVI
DBC (Invesco DB Commodity Index Tracking Fund) and DIVI (Franklin International Core Dividend Tilt Index ETF) are both exchange-traded funds - DBC is a Commodities fund tracking the DBIQ Optimum Yield Diversified Commodity Index Excess Return, while DIVI is a Foreign Large Cap Equities fund tracking the Morningstar Developed Markets ex-North America Dividend Enhanced Select Index. Both are passively managed. Over the past 10 years, DBC returned 9.54%/yr vs 11.03%/yr for DIVI. Their 0.21 correlation means their historical movements had little consistent relationship. DBC charges 0.85%/yr vs 0.09%/yr for DIVI.
Performance
DBC vs. DIVI - 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 DIVI's 13.85% return. Over the past 10 years, DBC has underperformed DIVI with an annualized return of 9.54%, while DIVI has yielded a comparatively higher 11.03% 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%
DIVI
- 1D
- -0.66%
- 1M
- 2.64%
- 6M
- 7.73%
- YTD
- 13.85%
- 1Y
- 28.83%
- 3Y*
- 17.85%
- 5Y*
- 13.71%
- 10Y*
- 11.03%
- ALL TIME*
- 11.08%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $27.92M | $29.19M | $34.33M | |
| $5.61M | $6.51M | $8.10M |
DBC vs. DIVI - 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% |
DIVI Franklin International Core Dividend Tilt Index ETF | 13.85% | 34.86% | 1.77% | 18.97% | -1.21% | 16.95% | 1.29% | 22.98% | -6.73% | 13.65% |
Correlation
The correlation between DBC and DIVI is -0.13, 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. | -0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.06 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2016 | 0.21 |
The correlation between DBC and DIVI shifts across timeframes, from -0.13 (1 year) to 0.21 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
DBC vs. DIVI — Risk / Return Rank
DBC
DIVI
DBC vs. DIVI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Commodity Index Tracking Fund (DBC) and Franklin International Core Dividend Tilt Index ETF (DIVI). 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 | DIVI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.33 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 2.75 | -0.59 |
| Martin ratioReturn relative to average drawdown | 7.20 | 10.77 | -3.57 |
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Drawdowns
DBC vs. DIVI - Drawdown Comparison
The maximum DBC drawdown since its inception was -76.36%, which is greater than DIVI's maximum drawdown of -27.76%. Use the drawdown chart below to compare losses from any high point for DBC and DIVI.
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Drawdown Indicators
| DBC | DIVI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.36% | -27.76% | -48.60% |
Max Drawdown (1Y)Largest decline over 1 year | -16.54% | -10.54% | -6.00% |
Max Drawdown (3Y)Largest decline over 3 years | -16.54% | -14.58% | -1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -27.34% | -18.53% | -8.81% |
Max Drawdown (10Y)Largest decline over 10 years | -41.71% | -27.76% | -13.95% |
Current DrawdownCurrent decline from peak | -23.81% | -0.66% | -23.15% |
Average DrawdownAverage peak-to-trough decline | -46.07% | -3.59% | -42.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.00% | 2.68% | +2.32% |
Volatility
DBC vs. DIVI - Volatility Comparison
Invesco DB Commodity Index Tracking Fund (DBC) has a higher volatility of 7.01% compared to Franklin International Core Dividend Tilt Index ETF (DIVI) at 4.47%. This indicates that DBC's price experiences larger fluctuations and is considered to be riskier than DIVI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBC | DIVI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.01% | 4.47% | +2.54% |
Volatility (6M)Calculated over the trailing 6-month period | 17.35% | 13.31% | +4.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.58% | 15.41% | +4.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.31% | 15.48% | +3.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.87% | 16.34% | +1.53% |
DBC vs. DIVI - Expense Ratio Comparison
DBC has a 0.85% expense ratio, which is higher than DIVI's 0.09% expense ratio.
Dividends
DBC vs. DIVI - Dividend Comparison
DBC's dividend yield for the trailing twelve months is around 2.53%, less than DIVI's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
DIVI Franklin International Core Dividend Tilt Index ETF | 3.55% | 3.76% | 4.39% | 3.17% | 6.03% | 2.77% | 8.04% | 1.61% | 5.67% | 5.22% | 11.56% |
Frequently Asked Questions
DBC and DIVI have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBC has higher volatility (7.01%) compared to DIVI (4.47%). In terms of maximum drawdown, DBC dropped -76.36% vs DIVI's -27.76%.
On 10-year performance, DIVI leads with 11.03% vs 9.54% for DBC. On fees, DIVI is cheaper at 0.09% per year. On volatility, DIVI has been the lower-risk option at 4.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DIVI has performed better with a 11.03% return vs 9.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIVI is cheaper with a 0.09% expense ratio, compared with 0.85% for DBC.
DIVI has the higher dividend yield at 3.55%, compared with 2.53% for DBC.
DBC is categorized as Commodities, while DIVI is Foreign Large Cap Equities. DBC tracks DBIQ Optimum Yield Diversified Commodity Index Excess Return, while DIVI tracks Morningstar Developed Markets ex-North America Dividend Enhanced Select Index. They also come from different issuers: Invesco and Franklin Templeton. Their fees differ too: 0.85% for DBC and 0.09% for DIVI.
DIVI currently has the higher Sharpe Ratio (1.88 vs 1.83), 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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