IDMO vs. DBC

Last updated Jun 13, 2026

IDMO (Invesco S&P International Developed Momentum ETF) and DBC (Invesco DB Commodity Index Tracking Fund) are both exchange-traded funds - IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index, 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, IDMO returned 12.64%/yr vs 8.27%/yr for DBC. At a 0.22 correlation, their price movements are largely independent. IDMO charges 0.25%/yr vs 0.85%/yr for DBC.

Performance

IDMO vs. DBC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P International Developed Momentum ETF (IDMO) and Invesco DB Commodity Index Tracking Fund (DBC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IDMO achieves a 8.17% return, which is significantly lower than DBC's 27.68% return. Over the past 10 years, IDMO has outperformed DBC with an annualized return of 12.64%, while DBC has yielded a comparatively lower 8.27% annualized return.

IDMO

• 1D: 1.36%
• 1M: -1.92%
• YTD: 8.17%
• 6M: 10.09%
• 1Y: 23.12%
• 3Y*: 25.21%
• 5Y*: 15.50%
• 10Y*: 12.64%

DBC

• 1D: -1.04%
• 1M: -8.99%
• YTD: 27.68%
• 6M: 28.76%
• 1Y: 34.32%
• 3Y*: 12.92%
• 5Y*: 11.29%
• 10Y*: 8.27%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IDMO vs. DBC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IDMO Invesco S&P International Developed Momentum ETF	8.17%	42.17%	12.79%	20.16%	-12.03%	14.31%	22.01%	26.09%	-16.66%	29.21%
DBC Invesco DB Commodity Index Tracking Fund	27.68%	8.10%	2.18%	-6.19%	19.34%	41.36%	-7.84%	11.84%	-11.63%	4.86%

Correlation

The correlation between IDMO and DBC is -0.18, 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	-0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (10Y) Calculated over the trailing 10-year period	0.24
Correlation (All Time) Calculated using the full available price history since Feb 24, 2012	0.22

The correlation between IDMO and DBC shifts across timeframes, from -0.18 (1 year) to 0.24 (10 years), reflecting how their relationship changes across market environments.

IDMO vs. DBC - Sectors Allocation Comparison

Sectors	IDMO	DBC
Financial Services	42.4%	91.5%
Industrials	22.6%	-
Basic Materials	10.2%	-
Utilities	8.4%	-
Technology	5.3%	-
Consumer Defensive	2.5%	-
Communication Services	2.2%	-
Real Estate	2.0%	-
Energy	1.9%	-
Consumer Cyclical	1.4%	-
Healthcare	1.2%	-

Return for Risk

IDMO vs. DBC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IDMO

IDMO Risk / Return Rank: 44
IDMO Sharpe Ratio Rank: 42
IDMO Sortino Ratio Rank: 43
IDMO Omega Ratio Rank: 42
IDMO Calmar Ratio Rank: 43
IDMO Martin Ratio Rank: 51

DBC

DBC Risk / Return Rank: 64
DBC Sharpe Ratio Rank: 63
DBC Sortino Ratio Rank: 59
DBC Omega Ratio Rank: 60
DBC Calmar Ratio Rank: 77
DBC Martin Ratio Rank: 61

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IDMO vs. DBC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P International Developed Momentum ETF (IDMO) 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.

	IDMO	DBC	Difference
Sharpe ratio: Return per unit of total volatility	1.30	1.82	-0.52
Sortino ratio: Return per unit of downside risk	1.93	2.42	-0.49
Omega ratio: Gain probability vs. loss probability	1.24	1.32	-0.07
Calmar ratio: Return relative to maximum drawdown	1.89	3.48	-1.59
Martin ratio: Return relative to average drawdown	7.64	9.64	-2.00

IDMO vs. DBC - Sharpe Ratio Comparison

The current IDMO Sharpe Ratio is 1.30, which is comparable to the DBC Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of IDMO and DBC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IDMO vs. DBC - Drawdown Comparison

The maximum IDMO drawdown since its inception was -39.38%, smaller than the maximum DBC drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for IDMO and DBC.

Drawdown Indicators

	IDMO	DBC	Difference
Max Drawdown Largest peak-to-trough decline	-39.38%	-76.36%	+36.98%
Max Drawdown (1Y) Largest decline over 1 year	-12.31%	-9.91%	-2.40%
Max Drawdown (3Y) Largest decline over 3 years	-12.65%	-13.82%	+1.17%
Max Drawdown (5Y) Largest decline over 5 years	-27.07%	-27.34%	+0.27%
Max Drawdown (10Y) Largest decline over 10 years	-31.34%	-41.71%	+10.37%
Current Drawdown Current decline from peak	-1.92%	-26.14%	+24.22%
Average Drawdown Average peak-to-trough decline	-9.74%	-46.19%	+36.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	3.57%	-0.53%

Volatility

IDMO vs. DBC - Volatility Comparison

Invesco S&P International Developed Momentum ETF (IDMO) has a higher volatility of 7.92% compared to Invesco DB Commodity Index Tracking Fund (DBC) at 5.20%. This indicates that IDMO's price experiences larger fluctuations and is considered to be riskier than DBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDMO	DBC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.92%	5.20%	+2.72%
Volatility (6M) Calculated over the trailing 6-month period	16.02%	16.11%	-0.09%
Volatility (1Y) Calculated over the trailing 1-year period	17.92%	18.94%	-1.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.03%	19.22%	-1.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.18%	17.82%	+0.36%

IDMO vs. DBC - Expense Ratio Comparison

IDMO has a 0.25% expense ratio, which is lower than DBC's 0.85% expense ratio.

Dividends

IDMO vs. DBC - Dividend Comparison

IDMO's dividend yield for the trailing twelve months is around 3.52%, more than DBC's 2.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBC Invesco DB Commodity Index Tracking Fund	2.61%	3.33%	5.22%	4.94%	0.59%	0.00%	0.00%	1.59%	1.30%	0.00%	0.00%	0.00%
IDMO Invesco S&P International Developed Momentum ETF	3.52%	3.71%	2.24%	2.89%	3.66%	1.81%	1.63%	2.78%	3.27%	3.08%	2.18%	2.52%

Frequently Asked Questions

Can I hold both IDMO and DBC in my portfolio?

IDMO and DBC have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IDMO or DBC?

IDMO has higher volatility (7.92%) compared to DBC (5.20%). In terms of maximum drawdown, IDMO dropped -39.38% vs DBC's -76.36%.

Which ETF is better, IDMO or DBC?

On 10-year performance, IDMO leads with 12.64% vs 8.27% for DBC. On fees, IDMO is cheaper at 0.25% per year. On volatility, DBC has been the lower-risk option at 5.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IDMO or DBC?

Over the 10-year period, IDMO has performed better with a 12.64% return vs 8.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IDMO or DBC?

IDMO is cheaper with a 0.25% expense ratio, compared with 0.85% for DBC.

Which ETF pays a higher dividend yield, IDMO or DBC?

IDMO has the higher dividend yield at 3.52%, compared with 2.61% for DBC.

What is the main difference between IDMO and DBC?

IDMO is categorized as Momentum, while DBC is Commodities. IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index, while DBC tracks DBIQ Optimum Yield Diversified Commodity Index Excess Return. Their fees differ too: 0.25% for IDMO and 0.85% for DBC.

Which has better risk-adjusted returns?

DBC currently has the higher Sharpe Ratio (1.82 vs 1.30), 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.