DBC vs. NTR
DBC (Invesco DB Commodity Index Tracking Fund) is Commodities fund tracking the DBIQ Optimum Yield Diversified Commodity Index Excess Return, while NTR (Nutrien Ltd.) is a stock. Over the past 5 years, DBC returned 10.59%/yr vs 5.01%/yr for NTR. At a 0.39 correlation, their price movements are largely independent.
Performance
DBC vs. NTR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DBC achieves a 23.08% return, which is significantly higher than NTR's 7.75% return.
DBC
- 1D
- -0.22%
- 1M
- -4.61%
- 6M
- 20.17%
- YTD
- 23.08%
- 1Y
- 26.37%
- 3Y*
- 10.50%
- 5Y*
- 10.59%
- 10Y*
- 7.98%
NTR
- 1D
- 1.33%
- 1M
- 0.71%
- 6M
- 11.17%
- YTD
- 7.75%
- 1Y
- 11.02%
- 3Y*
- 6.86%
- 5Y*
- 5.01%
- 10Y*
- —
DBC vs. NTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DBC Invesco DB Commodity Index Tracking Fund | 23.08% | 8.10% | 2.18% | -6.19% | 19.34% | 41.36% | -7.84% | 11.84% | -11.63% |
NTR Nutrien Ltd. | 7.75% | 43.33% | -16.97% | -20.19% | 0.23% | 60.78% | 5.60% | 5.57% | -7.73% |
Correlation
The correlation between DBC and NTR is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2018 | 0.39 |
The correlation between DBC and NTR shifts across timeframes, from 0.37 (3 years) to 0.48 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DBC vs. NTR — Risk / Return Rank
DBC
NTR
DBC vs. NTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Commodity Index Tracking Fund (DBC) and Nutrien Ltd. (NTR). 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 | NTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.09 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 0.41 | +1.29 |
| Martin ratioReturn relative to average drawdown | 6.03 | 1.12 | +4.91 |
Loading charts...
Drawdowns
DBC vs. NTR - Drawdown Comparison
The maximum DBC drawdown since its inception was -76.36%, which is greater than NTR's maximum drawdown of -57.80%. Use the drawdown chart below to compare losses from any high point for DBC and NTR.
Loading charts...
Drawdown Indicators
| DBC | NTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.36% | -57.80% | -18.56% |
Max Drawdown (1Y)Largest decline over 1 year | -16.54% | -27.56% | +11.02% |
Max Drawdown (3Y)Largest decline over 3 years | -16.54% | -32.82% | +16.28% |
Max Drawdown (5Y)Largest decline over 5 years | -27.34% | -57.80% | +30.46% |
Max Drawdown (10Y)Largest decline over 10 years | -41.71% | — | — |
Current DrawdownCurrent decline from peak | -28.80% | -32.96% | +4.16% |
Average DrawdownAverage peak-to-trough decline | -46.13% | -26.25% | -19.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.66% | 10.14% | -5.48% |
Volatility
DBC vs. NTR - Volatility Comparison
The current volatility for Invesco DB Commodity Index Tracking Fund (DBC) is 5.21%, while Nutrien Ltd. (NTR) has a volatility of 8.92%. This indicates that DBC experiences smaller price fluctuations and is considered to be less risky than NTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DBC | NTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.21% | 8.92% | -3.71% |
Volatility (6M)Calculated over the trailing 6-month period | 16.48% | 25.80% | -9.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.63% | 32.15% | -13.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.23% | 34.17% | -14.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.78% | 33.95% | -16.17% |
Dividends
DBC vs. NTR - Dividend Comparison
DBC's dividend yield for the trailing twelve months is around 2.70%, less than NTR's 3.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBC Invesco DB Commodity Index Tracking Fund | 2.70% | 3.33% | 5.22% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% |
NTR Nutrien Ltd. | 3.35% | 3.53% | 4.83% | 3.76% | 3.51% | 2.45% | 3.74% | 3.67% | 3.47% |
Frequently Asked Questions
DBC and NTR have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NTR has higher volatility (8.92%) compared to DBC (5.21%). In terms of maximum drawdown, DBC dropped -76.36% vs NTR's -57.80%.
DBC currently has the higher Sharpe Ratio (1.51 vs 0.36), 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.
Find the right allocation for DBC and NTR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer