EXH9.DE vs. DBC
EXH9.DE (iShares STOXX Europe 600 Utilities UCITS ETF (DE)) and DBC (Invesco DB Commodity Index Tracking Fund) are both exchange-traded funds - EXH9.DE is a Utilities Equities fund tracking the STOXX® Europe 600 Utilities, 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, EXH9.DE returned 10.74%/yr vs 8.58%/yr for DBC. At a 0.14 correlation, their price movements are largely independent. EXH9.DE charges 0.47%/yr vs 0.85%/yr for DBC.
Performance
EXH9.DE vs. DBC - Performance Comparison
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Different Trading Currencies
EXH9.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, EXH9.DE achieves a 12.41% return, which is significantly lower than DBC's 35.15% return. Over the past 10 years, EXH9.DE has outperformed DBC with an annualized return of 10.74%, while DBC has yielded a comparatively lower 8.58% annualized return.
EXH9.DE
- 1D
- -0.18%
- 1M
- -3.20%
- YTD
- 12.41%
- 6M
- 13.56%
- 1Y
- 25.76%
- 3Y*
- 16.47%
- 5Y*
- 11.76%
- 10Y*
- 10.74%
DBC
- 1D
- -1.49%
- 1M
- -3.59%
- YTD
- 35.15%
- 6M
- 33.54%
- 1Y
- 42.04%
- 3Y*
- 11.62%
- 5Y*
- 13.52%
- 10Y*
- 8.58%
EXH9.DE vs. DBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXH9.DE iShares STOXX Europe 600 Utilities UCITS ETF (DE) | 12.41% | 33.92% | 1.25% | 13.58% | -7.50% | 8.84% | 10.88% | 31.91% | 1.47% | 9.93% |
DBC Invesco DB Commodity Index Tracking Fund | 35.15% | -4.72% | 8.93% | -9.01% | 26.73% | 51.93% | -15.43% | 14.37% | -7.48% | -8.03% |
Correlation
The correlation between EXH9.DE and DBC 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 | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2007 | 0.14 |
The correlation between EXH9.DE and DBC shifts across timeframes, from -0.09 (3 years) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EXH9.DE vs. DBC — Risk / Return Rank
EXH9.DE
DBC
EXH9.DE vs. DBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 600 Utilities UCITS ETF (DE) (EXH9.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.
| EXH9.DE | DBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.35 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 5.09 | -1.65 |
| Martin ratioReturn relative to average drawdown | 9.54 | 10.53 | -0.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EXH9.DE | DBC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.74 | 2.04 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.68 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.46 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.15 | +0.27 |
Drawdowns
EXH9.DE vs. DBC - Drawdown Comparison
The maximum EXH9.DE drawdown since its inception was -51.33%, smaller than the maximum DBC drawdown of -65.73%. Use the drawdown chart below to compare losses from any high point for EXH9.DE and DBC.
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Drawdown Indicators
| EXH9.DE | DBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.33% | -65.73% | +14.40% |
Max Drawdown (1Y)Largest decline over 1 year | -7.45% | -8.30% | +0.85% |
Max Drawdown (3Y)Largest decline over 3 years | -13.67% | -17.61% | +3.94% |
Max Drawdown (5Y)Largest decline over 5 years | -22.71% | -29.98% | +7.27% |
Max Drawdown (10Y)Largest decline over 10 years | -33.21% | -38.20% | +4.99% |
Current DrawdownCurrent decline from peak | -5.32% | -5.53% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -16.67% | -35.97% | +19.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 4.00% | -1.31% |
Volatility
EXH9.DE vs. DBC - Volatility Comparison
The current volatility for iShares STOXX Europe 600 Utilities UCITS ETF (DE) (EXH9.DE) is 5.89%, while Invesco DB Commodity Index Tracking Fund (DBC) has a volatility of 7.20%. This indicates that EXH9.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
| EXH9.DE | DBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.89% | 7.20% | -1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 12.89% | 16.89% | -4.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.75% | 20.75% | -6.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 19.99% | -3.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.03% | 18.55% | -1.52% |
EXH9.DE vs. DBC - Expense Ratio Comparison
EXH9.DE has a 0.47% expense ratio, which is lower than DBC's 0.85% expense ratio.
Dividends
EXH9.DE vs. DBC - Dividend Comparison
EXH9.DE's dividend yield for the trailing twelve months is around 2.61%, more than DBC's 2.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBC Invesco DB Commodity Index Tracking Fund | 2.49% | 3.33% | 5.22% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% | 0.00% | 0.00% | 0.00% |
EXH9.DE iShares STOXX Europe 600 Utilities UCITS ETF (DE) | 2.61% | 2.96% | 3.27% | 3.47% | 3.33% | 3.11% | 2.36% | 3.41% | 3.31% | 6.56% | 4.89% | 4.62% |
Frequently Asked Questions
EXH9.DE and DBC 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.
On fees, EXH9.DE is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXH9.DE is cheaper with a 0.47% expense ratio, compared with 0.85% for DBC.
EXH9.DE is categorized as Utilities Equities, while DBC is Commodities. EXH9.DE tracks STOXX® Europe 600 Utilities, while DBC tracks DBIQ Optimum Yield Diversified Commodity Index Excess Return. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.47% for EXH9.DE and 0.85% for DBC.
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