DBXD.DE vs. DBC
DBXD.DE (Xtrackers DAX UCITS ETF 1C) and DBC (Invesco DB Commodity Index Tracking Fund) are both exchange-traded funds - DBXD.DE is a Europe Equities fund tracking the DAX®, while DBC is a Commodities fund tracking the DBIQ Optimum Yield Diversified Commodity Index Excess Return. Both are passively managed. Over the past 10 years, DBXD.DE returned 9.92%/yr vs 7.50%/yr for DBC. At a 0.18 correlation, their price movements are largely independent. DBXD.DE charges 0.09%/yr vs 0.85%/yr for DBC.
Performance
DBXD.DE vs. DBC - Performance Comparison
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Different Trading Currencies
DBXD.DE is traded in EUR, while DBC is traded in USD. To make them comparable, the DBC values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, DBXD.DE achieves a 1.61% return, which is significantly lower than DBC's 24.47% return. Over the past 10 years, DBXD.DE has outperformed DBC with an annualized return of 9.92%, while DBC has yielded a comparatively lower 7.50% annualized return.
DBXD.DE
- 1D
- 1.10%
- 1M
- -0.77%
- YTD
- 1.61%
- 6M
- 2.39%
- 1Y
- 5.95%
- 3Y*
- 15.96%
- 5Y*
- 9.34%
- 10Y*
- 9.92%
DBC
- 1D
- 1.75%
- 1M
- -8.24%
- YTD
- 24.47%
- 6M
- 23.32%
- 1Y
- 30.77%
- 3Y*
- 8.76%
- 5Y*
- 11.34%
- 10Y*
- 7.50%
DBXD.DE vs. DBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBXD.DE Xtrackers DAX UCITS ETF 1C | 1.61% | 22.65% | 18.18% | 19.60% | -12.74% | 15.26% | 3.11% | 24.69% | -18.52% | 12.12% |
DBC Invesco DB Commodity Index Tracking Fund | 24.47% | -4.72% | 8.93% | -9.01% | 26.73% | 51.93% | -15.43% | 14.37% | -7.48% | -8.03% |
Correlation
The correlation between DBXD.DE and DBC is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2007 | 0.18 |
The correlation between DBXD.DE and DBC shifts across timeframes, from -0.17 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DBXD.DE vs. DBC — Risk / Return Rank
DBXD.DE
DBC
DBXD.DE vs. DBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers DAX UCITS ETF 1C (DBXD.DE) and Invesco DB Commodity Index Tracking Fund (DBC). 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.
| DBXD.DE | DBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.27 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | 2.13 | -1.65 |
| Martin ratioReturn relative to average drawdown | 1.49 | 8.03 | -6.54 |
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Drawdowns
DBXD.DE vs. DBC - Drawdown Comparison
The maximum DBXD.DE drawdown since its inception was -54.83%, smaller than the maximum DBC drawdown of -65.73%. Use the drawdown chart below to compare losses from any high point for DBXD.DE and DBC.
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Drawdown Indicators
| DBXD.DE | DBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.83% | -65.73% | +10.90% |
Max Drawdown (1Y)Largest decline over 1 year | -12.32% | -14.49% | +2.17% |
Max Drawdown (3Y)Largest decline over 3 years | -15.92% | -17.61% | +1.69% |
Max Drawdown (5Y)Largest decline over 5 years | -26.70% | -29.98% | +3.28% |
Max Drawdown (10Y)Largest decline over 10 years | -38.83% | -38.20% | -0.63% |
Current DrawdownCurrent decline from peak | -2.01% | -13.00% | +10.99% |
Average DrawdownAverage peak-to-trough decline | -11.30% | -36.02% | +24.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 3.84% | +0.14% |
Volatility
DBXD.DE vs. DBC - Volatility Comparison
The current volatility for Xtrackers DAX UCITS ETF 1C (DBXD.DE) is 3.45%, while Invesco DB Commodity Index Tracking Fund (DBC) has a volatility of 5.38%. This indicates that DBXD.DE experiences smaller price fluctuations and is considered to be less risky than DBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBXD.DE | DBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 5.38% | -1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 13.07% | 17.35% | -4.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.05% | 20.09% | -4.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.16% | 20.06% | -2.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.14% | 18.57% | -0.43% |
DBXD.DE vs. DBC - Expense Ratio Comparison
DBXD.DE has a 0.09% expense ratio, which is lower than DBC's 0.85% expense ratio.
Dividends
DBXD.DE vs. DBC - Dividend Comparison
DBXD.DE has not paid dividends to shareholders, while DBC's dividend yield for the trailing twelve months is around 2.76%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBC Invesco DB Commodity Index Tracking Fund | 2.76% | 3.33% | 5.22% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% |
DBXD.DE Xtrackers DAX UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DBXD.DE and DBC have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DBXD.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBXD.DE is cheaper with a 0.09% expense ratio, compared with 0.85% for DBC.
DBXD.DE is categorized as Europe Equities, while DBC is Commodities. DBXD.DE tracks DAX®, while DBC tracks DBIQ Optimum Yield Diversified Commodity Index Excess Return. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.09% for DBXD.DE and 0.85% for DBC.
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