DBC vs. EXXY.DE

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco DB Commodity Index Tracking Fund (DBC) and iShares Diversified Commodity Swap UCITS ETF (DE) (EXXY.DE).

DBC and EXXY.DE 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. EXXY.DE is a passively managed fund by iShares that tracks the performance of the Bloomberg Commodity. It was launched on Aug 7, 2007. Both DBC and EXXY.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

DBC vs. EXXY.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DB Commodity Index Tracking Fund (DBC) and iShares Diversified Commodity Swap UCITS ETF (DE) (EXXY.DE). The values are adjusted to include any dividend payments, if applicable.

DBC vs. EXXY.DE - 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%
EXXY.DE iShares Diversified Commodity Swap UCITS ETF (DE)	20.37%	17.30%	3.83%	-8.09%	14.74%	27.57%	-5.97%	6.43%	-10.59%	0.22%

Different Trading Currencies

DBC is traded in USD, while EXXY.DE is traded in EUR. To make them comparable, the EXXY.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, DBC achieves a 28.26% return, which is significantly higher than EXXY.DE's 20.37% return. Over the past 10 years, DBC has outperformed EXXY.DE with an annualized return of 10.02%, while EXXY.DE has yielded a comparatively lower 7.03% 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%

EXXY.DE

• 1D: -1.53%
• 1M: 8.83%
• YTD: 20.37%
• 6M: 29.84%
• 1Y: 29.03%
• 3Y*: 12.67%
• 5Y*: 12.83%
• 10Y*: 7.03%

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

DBC vs. EXXY.DE - Expense Ratio Comparison

DBC has a 0.85% expense ratio, which is higher than EXXY.DE's 0.46% expense ratio.

DBC

Invesco DB Commodity Index Tracking Fund

EXXY.DE

iShares Diversified Commodity Swap UCITS ETF (DE)

Return for Risk

DBC vs. EXXY.DE — 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

EXXY.DE

EXXY.DE Risk / Return Rank: 60
EXXY.DE Sharpe Ratio Rank: 62
EXXY.DE Sortino Ratio Rank: 59
EXXY.DE Omega Ratio Rank: 56
EXXY.DE Calmar Ratio Rank: 78
EXXY.DE Martin Ratio Rank: 48

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. EXXY.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DB Commodity Index Tracking Fund (DBC) and iShares Diversified Commodity Swap UCITS ETF (DE) (EXXY.DE). 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	EXXY.DE	Difference
Sharpe ratio Return per unit of total volatility	1.70	1.67	+0.03
Sortino ratio Return per unit of downside risk	2.28	2.21	+0.07
Omega ratio Gain probability vs. loss probability	1.31	1.31	-0.01
Calmar ratio Return relative to maximum drawdown	2.89	3.80	-0.91
Martin ratio Return relative to average drawdown	7.43	9.03	-1.60
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. EXXY.DE - Sharpe Ratio Comparison

The current DBC Sharpe Ratio is 1.70, which is comparable to the EXXY.DE Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of DBC and EXXY.DE, 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	EXXY.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	1.67	+0.03
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	0.46	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	-0.03	+0.14

Correlation

The correlation between DBC and EXXY.DE is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

DBC vs. EXXY.DE - Dividend Comparison

DBC's dividend yield for the trailing twelve months is around 2.59%, while EXXY.DE has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
EXXY.DE iShares Diversified Commodity Swap UCITS ETF (DE)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

DBC vs. EXXY.DE - Drawdown Comparison

The maximum DBC drawdown since its inception was -76.36%, roughly equal to the maximum EXXY.DE drawdown of -76.32%. Use the drawdown chart below to compare losses from any high point for DBC and EXXY.DE.

Drawdown Indicators

	DBC	EXXY.DE	Difference
Max Drawdown Largest peak-to-trough decline	-76.36%	-65.58%	-10.78%
Max Drawdown (1Y) Largest decline over 1 year	-10.99%	-12.26%	+1.27%
Max Drawdown (5Y) Largest decline over 5 years	-27.34%	-28.03%	+0.69%
Max Drawdown (10Y) Largest decline over 10 years	-41.71%	-33.54%	-8.17%
Current Drawdown Current decline from peak	-25.80%	-17.97%	-7.83%
Average Drawdown Average peak-to-trough decline	-46.42%	-40.30%	-6.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.27%	4.21%	+0.06%

Volatility

DBC vs. EXXY.DE - Volatility Comparison

Invesco DB Commodity Index Tracking Fund (DBC) and iShares Diversified Commodity Swap UCITS ETF (DE) (EXXY.DE) have volatilities of 8.30% and 8.00%, 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.

Volatility by Period

	DBC	EXXY.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.30%	8.00%	+0.30%
Volatility (6M) Calculated over the trailing 6-month period	13.96%	13.53%	+0.43%
Volatility (1Y) Calculated over the trailing 1-year period	18.75%	17.34%	+1.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.97%	17.18%	+1.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.72%	15.16%	+2.56%