GCC vs. DBC
Compare and contrast key facts about WisdomTree Enhanced Commodity Strategy Fund (GCC) and Invesco DB Commodity Index Tracking Fund (DBC).
GCC and DBC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GCC is an actively managed fund by WisdomTree. It was launched on Jan 24, 2008. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GCC or DBC.
Key characteristics
| GCC | DBC | |
|---|---|---|
| YTD Return | 12.08% | -0.09% |
| 1Y Return | 9.79% | -5.28% |
| 3Y Return (Ann) | 4.21% | 2.91% |
| 5Y Return (Ann) | 8.09% | 8.81% |
| 10Y Return (Ann) | 0.80% | 1.01% |
| Sharpe Ratio | 0.91 | -0.27 |
| Sortino Ratio | 1.35 | -0.27 |
| Omega Ratio | 1.15 | 0.97 |
| Calmar Ratio | 0.29 | -0.08 |
| Martin Ratio | 2.95 | -0.77 |
| Ulcer Index | 3.85% | 5.04% |
| Daily Std Dev | 12.51% | 14.61% |
| Max Drawdown | -63.19% | -76.36% |
| Current Drawdown | -29.59% | -47.68% |
Correlation
The correlation between GCC and DBC is 0.81, 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
GCC vs. DBC - Performance Comparison
In the year-to-date period, GCC achieves a 12.08% return, which is significantly higher than DBC's -0.09% return. Over the past 10 years, GCC has underperformed DBC with an annualized return of 0.80%, while DBC has yielded a comparatively higher 1.01% 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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GCC vs. DBC - Expense Ratio Comparison
GCC has a 0.55% expense ratio, which is lower than DBC's 0.85% expense ratio.
Risk-Adjusted Performance
GCC vs. DBC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Enhanced Commodity Strategy Fund (GCC) 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.
Dividends
GCC vs. DBC - Dividend Comparison
GCC's dividend yield for the trailing twelve months is around 3.59%, less than DBC's 4.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
GCC WisdomTree Enhanced Commodity Strategy Fund | 3.59% | 3.68% | 22.49% | 9.76% | 0.00% | 0.00% | 0.00% |
DBC Invesco DB Commodity Index Tracking Fund | 4.95% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% |
Drawdowns
GCC vs. DBC - Drawdown Comparison
The maximum GCC drawdown since its inception was -63.19%, smaller than the maximum DBC drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for GCC and DBC. For additional features, visit the drawdowns tool.
Volatility
GCC vs. DBC - Volatility Comparison
The current volatility for WisdomTree Enhanced Commodity Strategy Fund (GCC) is 4.14%, while Invesco DB Commodity Index Tracking Fund (DBC) has a volatility of 5.47%. This indicates that GCC 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.