DBC vs. IAU
Compare and contrast key facts about Invesco DB Commodity Index Tracking Fund (DBC) and iShares Gold Trust (IAU).
DBC and IAU 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. IAU is a passively managed fund by iShares that tracks the performance of the Gold Bullion. It was launched on Jan 28, 2005. Both DBC and IAU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DBC or IAU.
Correlation
The correlation between DBC and IAU is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
DBC vs. IAU - Performance Comparison
Key characteristics
DBC:
-0.36
IAU:
2.66
DBC:
-0.40
IAU:
3.54
DBC:
0.95
IAU:
1.45
DBC:
-0.11
IAU:
5.68
DBC:
-0.96
IAU:
15.25
DBC:
5.95%
IAU:
3.03%
DBC:
15.99%
IAU:
17.34%
DBC:
-76.36%
IAU:
-45.14%
DBC:
-48.21%
IAU:
-1.52%
Returns By Period
In the year-to-date period, DBC achieves a -3.23% return, which is significantly lower than IAU's 28.48% return. Over the past 10 years, DBC has underperformed IAU with an annualized return of 2.66%, while IAU has yielded a comparatively higher 10.74% annualized return.
DBC
-3.23%
0.34%
-3.65%
-6.66%
15.45%
2.66%
IAU
28.48%
13.39%
26.64%
45.36%
14.35%
10.74%
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DBC vs. IAU - Expense Ratio Comparison
DBC has a 0.85% expense ratio, which is higher than IAU's 0.25% expense ratio.
Risk-Adjusted Performance
DBC vs. IAU — Risk-Adjusted Performance Rank
DBC
IAU
DBC vs. IAU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Commodity Index Tracking Fund (DBC) and iShares Gold Trust (IAU). 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.
Dividends
DBC vs. IAU - Dividend Comparison
DBC's dividend yield for the trailing twelve months is around 5.39%, while IAU has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
DBC Invesco DB Commodity Index Tracking Fund | 5.39% | 5.22% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% |
IAU iShares Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DBC vs. IAU - Drawdown Comparison
The maximum DBC drawdown since its inception was -76.36%, which is greater than IAU's maximum drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for DBC and IAU. For additional features, visit the drawdowns tool.
Volatility
DBC vs. IAU - Volatility Comparison
The current volatility for Invesco DB Commodity Index Tracking Fund (DBC) is 6.18%, while iShares Gold Trust (IAU) has a volatility of 8.82%. This indicates that DBC experiences smaller price fluctuations and is considered to be less risky than IAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.