DBC vs. USCI
Compare and contrast key facts about Invesco DB Commodity Index Tracking Fund (DBC) and United States Commodity Index Fund (USCI).
DBC and USCI 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. USCI is a passively managed fund by Concierge Technologies that tracks the performance of the SummerHaven Dynamic Commodity (TR). It was launched on Aug 10, 2010. Both DBC and USCI 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 USCI.
Key characteristics
| DBC | USCI | |
|---|---|---|
| YTD Return | 7.26% | 12.06% |
| 1Y Return | 6.40% | 15.11% |
| 3Y Return (Ann) | 12.02% | 18.01% |
| 5Y Return (Ann) | 9.62% | 10.49% |
| 10Y Return (Ann) | -0.31% | 0.50% |
| Sharpe Ratio | 0.34 | 1.02 |
| Daily Std Dev | 14.23% | 13.60% |
| Max Drawdown | -76.36% | -66.41% |
| Current Drawdown | -43.83% | -13.60% |
Correlation
The correlation between DBC and USCI is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DBC vs. USCI - Performance Comparison
In the year-to-date period, DBC achieves a 7.26% return, which is significantly lower than USCI's 12.06% return. Over the past 10 years, DBC has underperformed USCI with an annualized return of -0.31%, while USCI has yielded a comparatively higher 0.50% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DBC vs. USCI - Expense Ratio Comparison
DBC has a 0.85% expense ratio, which is lower than USCI's 1.03% expense ratio.
Risk-Adjusted Performance
DBC vs. USCI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Commodity Index Tracking Fund (DBC) and United States Commodity Index Fund (USCI). 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. USCI - Dividend Comparison
DBC's dividend yield for the trailing twelve months is around 4.61%, while USCI has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
DBC Invesco DB Commodity Index Tracking Fund | 4.61% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% |
USCI United States Commodity Index Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DBC vs. USCI - Drawdown Comparison
The maximum DBC drawdown since its inception was -76.36%, which is greater than USCI's maximum drawdown of -66.41%. Use the drawdown chart below to compare losses from any high point for DBC and USCI. For additional features, visit the drawdowns tool.
Volatility
DBC vs. USCI - Volatility Comparison
The current volatility for Invesco DB Commodity Index Tracking Fund (DBC) is 2.77%, while United States Commodity Index Fund (USCI) has a volatility of 2.99%. This indicates that DBC experiences smaller price fluctuations and is considered to be less risky than USCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.