DBC vs. TDIV
DBC (Invesco DB Commodity Index Tracking Fund) and TDIV (First Trust NASDAQ Technology Dividend Index Fund) are both exchange-traded funds - DBC is a Commodities fund tracking the DBIQ Optimum Yield Diversified Commodity Index Excess Return, while TDIV is a Technology Equities fund tracking the NASDAQ Technology Dividend Index. Both are passively managed. Over the past 10 years, DBC returned 8.13%/yr vs 18.79%/yr for TDIV. At a 0.25 correlation, their price movements are largely independent. DBC charges 0.85%/yr vs 0.50%/yr for TDIV.
Performance
DBC vs. TDIV - Performance Comparison
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Returns By Period
In the year-to-date period, DBC achieves a 26.21% return, which is significantly higher than TDIV's 23.55% return. Over the past 10 years, DBC has underperformed TDIV with an annualized return of 8.13%, while TDIV has yielded a comparatively higher 18.79% annualized return.
DBC
- 1D
- -1.16%
- 1M
- -9.52%
- YTD
- 26.21%
- 6M
- 27.88%
- 1Y
- 28.79%
- 3Y*
- 11.16%
- 5Y*
- 11.38%
- 10Y*
- 8.13%
TDIV
- 1D
- 1.96%
- 1M
- 6.70%
- YTD
- 23.55%
- 6M
- 23.56%
- 1Y
- 40.67%
- 3Y*
- 28.46%
- 5Y*
- 18.13%
- 10Y*
- 18.79%
DBC vs. TDIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBC Invesco DB Commodity Index Tracking Fund | 26.21% | 8.10% | 2.18% | -6.19% | 19.34% | 41.36% | -7.84% | 11.84% | -11.63% | 4.86% |
TDIV First Trust NASDAQ Technology Dividend Index Fund | 23.55% | 25.27% | 24.43% | 36.71% | -22.13% | 29.49% | 17.55% | 33.27% | -3.18% | 21.95% |
Correlation
The correlation between DBC and TDIV is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 2012 | 0.25 |
The correlation between DBC and TDIV shifts across timeframes, from -0.05 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DBC vs. TDIV — Risk / Return Rank
DBC
TDIV
DBC vs. TDIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Commodity Index Tracking Fund (DBC) and First Trust NASDAQ Technology Dividend Index Fund (TDIV). 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 | TDIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.36 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 3.60 | -0.96 |
| Martin ratioReturn relative to average drawdown | 7.94 | 10.83 | -2.89 |
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Drawdowns
DBC vs. TDIV - Drawdown Comparison
The maximum DBC drawdown since its inception was -76.36%, which is greater than TDIV's maximum drawdown of -31.97%. Use the drawdown chart below to compare losses from any high point for DBC and TDIV.
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Drawdown Indicators
| DBC | TDIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.36% | -31.97% | -44.39% |
Max Drawdown (1Y)Largest decline over 1 year | -10.95% | -11.35% | +0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -13.82% | -23.00% | +9.18% |
Max Drawdown (5Y)Largest decline over 5 years | -27.34% | -31.97% | +4.63% |
Max Drawdown (10Y)Largest decline over 10 years | -41.71% | -31.97% | -9.74% |
Current DrawdownCurrent decline from peak | -26.99% | -7.08% | -19.91% |
Average DrawdownAverage peak-to-trough decline | -46.19% | -4.85% | -41.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 3.77% | -0.13% |
Volatility
DBC vs. TDIV - Volatility Comparison
The current volatility for Invesco DB Commodity Index Tracking Fund (DBC) is 5.24%, while First Trust NASDAQ Technology Dividend Index Fund (TDIV) has a volatility of 10.01%. This indicates that DBC experiences smaller price fluctuations and is considered to be less risky than TDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBC | TDIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.24% | 10.01% | -4.77% |
Volatility (6M)Calculated over the trailing 6-month period | 16.17% | 15.70% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.79% | 19.77% | -0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.23% | 20.92% | -1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.82% | 20.98% | -3.16% |
DBC vs. TDIV - Expense Ratio Comparison
DBC has a 0.85% expense ratio, which is higher than TDIV's 0.50% expense ratio.
Dividends
DBC vs. TDIV - Dividend Comparison
DBC's dividend yield for the trailing twelve months is around 2.64%, more than TDIV's 1.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBC Invesco DB Commodity Index Tracking Fund | 2.64% | 3.33% | 5.22% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% | 0.00% | 0.00% | 0.00% |
TDIV First Trust NASDAQ Technology Dividend Index Fund | 1.18% | 1.40% | 1.59% | 1.74% | 2.51% | 1.76% | 2.07% | 2.27% | 2.97% | 2.27% | 2.45% | 2.52% |
Frequently Asked Questions
DBC and TDIV have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TDIV has higher volatility (10.01%) compared to DBC (5.24%). In terms of maximum drawdown, DBC dropped -76.36% vs TDIV's -31.97%.
On 10-year performance, TDIV leads with 18.79% vs 8.13% for DBC. On fees, TDIV is cheaper at 0.50% per year. On volatility, DBC has been the lower-risk option at 5.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, TDIV has performed better with a 18.79% return vs 8.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TDIV is cheaper with a 0.50% expense ratio, compared with 0.85% for DBC.
DBC has the higher dividend yield at 2.64%, compared with 1.18% for TDIV.
DBC is categorized as Commodities, while TDIV is Technology Equities. DBC tracks DBIQ Optimum Yield Diversified Commodity Index Excess Return, while TDIV tracks NASDAQ Technology Dividend Index. They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.85% for DBC and 0.50% for TDIV.
TDIV currently has the higher Sharpe Ratio (2.07 vs 1.54), 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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