DBC vs. SIVR
DBC (Invesco DB Commodity Index Tracking Fund) and SIVR (abrdn Physical Silver Shares ETF) are both exchange-traded funds - DBC is a Commodities fund tracking the DBIQ Optimum Yield Diversified Commodity Index Excess Return, while SIVR is a Silver fund tracking the LBMA Silver Price ($/ozt). Both are passively managed. Over the past 10 years, DBC returned 8.27%/yr vs 14.22%/yr for SIVR. At a 0.38 correlation, their price movements are largely independent. DBC charges 0.85%/yr vs 0.30%/yr for SIVR.
Performance
DBC vs. SIVR - Performance Comparison
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Returns By Period
In the year-to-date period, DBC achieves a 27.68% return, which is significantly higher than SIVR's -4.75% return. Over the past 10 years, DBC has underperformed SIVR with an annualized return of 8.27%, while SIVR has yielded a comparatively higher 14.22% annualized return.
DBC
- 1D
- -1.04%
- 1M
- -8.99%
- YTD
- 27.68%
- 6M
- 28.76%
- 1Y
- 34.32%
- 3Y*
- 12.92%
- 5Y*
- 11.29%
- 10Y*
- 8.27%
SIVR
- 1D
- 0.78%
- 1M
- -22.74%
- YTD
- -4.75%
- 6M
- 9.46%
- 1Y
- 85.68%
- 3Y*
- 41.59%
- 5Y*
- 19.07%
- 10Y*
- 14.22%
DBC vs. SIVR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBC Invesco DB Commodity Index Tracking Fund | 27.68% | 8.10% | 2.18% | -6.19% | 19.34% | 41.36% | -7.84% | 11.84% | -11.63% | 4.86% |
SIVR abrdn Physical Silver Shares ETF | -4.75% | 145.34% | 21.08% | -0.91% | 2.59% | -12.33% | 47.52% | 15.17% | -8.96% | 5.97% |
Correlation
The correlation between DBC and SIVR is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2009 | 0.38 |
The correlation between DBC and SIVR shifts across timeframes, from 0.20 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DBC vs. SIVR — Risk / Return Rank
DBC
SIVR
DBC vs. SIVR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Commodity Index Tracking Fund (DBC) and abrdn Physical Silver Shares ETF (SIVR). 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 | SIVR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.29 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 1.90 | +1.58 |
| Martin ratioReturn relative to average drawdown | 9.64 | 4.12 | +5.52 |
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Drawdowns
DBC vs. SIVR - Drawdown Comparison
The maximum DBC drawdown since its inception was -76.36%, roughly equal to the maximum SIVR drawdown of -75.85%. Use the drawdown chart below to compare losses from any high point for DBC and SIVR.
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Drawdown Indicators
| DBC | SIVR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.36% | -75.85% | -0.51% |
Max Drawdown (1Y)Largest decline over 1 year | -9.91% | -45.33% | +35.42% |
Max Drawdown (3Y)Largest decline over 3 years | -13.82% | -45.33% | +31.51% |
Max Drawdown (5Y)Largest decline over 5 years | -27.34% | -45.33% | +17.99% |
Max Drawdown (10Y)Largest decline over 10 years | -41.71% | -45.33% | +3.62% |
Current DrawdownCurrent decline from peak | -26.14% | -41.89% | +15.75% |
Average DrawdownAverage peak-to-trough decline | -46.19% | -47.83% | +1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 20.85% | -17.28% |
Volatility
DBC vs. SIVR - Volatility Comparison
The current volatility for Invesco DB Commodity Index Tracking Fund (DBC) is 5.20%, while abrdn Physical Silver Shares ETF (SIVR) has a volatility of 16.37%. This indicates that DBC experiences smaller price fluctuations and is considered to be less risky than SIVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBC | SIVR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.20% | 16.37% | -11.17% |
Volatility (6M)Calculated over the trailing 6-month period | 16.11% | 59.11% | -43.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.94% | 59.76% | -40.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.22% | 36.48% | -17.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.82% | 32.03% | -14.21% |
DBC vs. SIVR - Expense Ratio Comparison
DBC has a 0.85% expense ratio, which is higher than SIVR's 0.30% expense ratio.
Dividends
DBC vs. SIVR - Dividend Comparison
DBC's dividend yield for the trailing twelve months is around 2.61%, while SIVR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBC Invesco DB Commodity Index Tracking Fund | 2.61% | 3.33% | 5.22% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% |
SIVR abrdn Physical Silver Shares ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DBC and SIVR have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIVR has higher volatility (16.37%) compared to DBC (5.20%). In terms of maximum drawdown, DBC dropped -76.36% vs SIVR's -75.85%.
On 10-year performance, SIVR leads with 14.22% vs 8.27% for DBC. On fees, SIVR is cheaper at 0.30% per year. On volatility, DBC has been the lower-risk option at 5.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SIVR has performed better with a 14.22% return vs 8.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SIVR is cheaper with a 0.30% expense ratio, compared with 0.85% for DBC.
DBC has the higher dividend yield at 2.61%, compared with 0.00% for SIVR.
DBC is categorized as Commodities, while SIVR is Silver. DBC tracks DBIQ Optimum Yield Diversified Commodity Index Excess Return, while SIVR tracks LBMA Silver Price ($/ozt). They also come from different issuers: Invesco and abrdn. Their fees differ too: 0.85% for DBC and 0.30% for SIVR.
DBC currently has the higher Sharpe Ratio (1.82 vs 1.44), 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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