KDP vs. DBC
KDP (Keurig Dr Pepper Inc.) is a stock, while DBC (Invesco DB Commodity Index Tracking Fund) is Commodities fund tracking the DBIQ Optimum Yield Diversified Commodity Index Excess Return. Over the past 10 years, KDP returned 9.67%/yr vs 9.05%/yr for DBC. Their 0.11 correlation means their historical movements had little consistent relationship.
Performance
KDP vs. DBC - Performance Comparison
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Returns By Period
In the year-to-date period, KDP achieves a 13.05% return, which is significantly lower than DBC's 29.16% return. Over the past 10 years, KDP has outperformed DBC with an annualized return of 9.67%, while DBC has yielded a comparatively lower 9.05% annualized return.
KDP
- 1D
- -0.67%
- 1M
- -7.18%
- 6M
- 14.33%
- YTD
- 13.05%
- 1Y
- -4.11%
- 3Y*
- 0.12%
- 5Y*
- 0.50%
- 10Y*
- 9.67%
- ALL TIME*
- 13.53%
DBC
- 1D
- -1.94%
- 1M
- 8.69%
- 6M
- 22.68%
- YTD
- 29.16%
- 1Y
- 35.14%
- 3Y*
- 10.50%
- 5Y*
- 11.93%
- 10Y*
- 9.05%
- ALL TIME*
- 1.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $29.57M | $30.05M | $33.92M | |
| $383.18M | $395.43M | $420.12M |
KDP vs. DBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KDP Keurig Dr Pepper Inc. | 13.05% | -10.14% | -1.05% | -4.24% | -1.23% | 17.49% | 13.03% | 15.43% | 65.97% | 9.76% |
DBC Invesco DB Commodity Index Tracking Fund | 29.16% | 8.10% | 2.18% | -6.19% | 19.34% | 41.36% | -7.84% | 11.84% | -11.63% | 4.86% |
Correlation
The correlation between KDP and DBC is -0.16, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.16 |
Correlation (3Y) Balances recent behavior with more history. | -0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.02 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2008 | 0.11 |
The correlation between KDP and DBC shifts across timeframes, from -0.16 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
KDP vs. DBC — Risk / Return Rank
KDP
DBC
KDP vs. DBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Keurig Dr Pepper Inc. (KDP) 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.
| KDP | DBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.94 | ||
| Sortino ratioReturn per unit of downside risk | -2.40 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.30 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 2.13 | -2.29 |
| Martin ratioReturn relative to average drawdown | -0.23 | 7.07 | -7.29 |
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Drawdowns
KDP vs. DBC - Drawdown Comparison
The maximum KDP drawdown since its inception was -58.97%, smaller than the maximum DBC drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for KDP and DBC.
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Drawdown Indicators
| KDP | DBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.97% | -76.36% | +17.39% |
Max Drawdown (1Y)Largest decline over 1 year | -27.48% | -16.54% | -10.94% |
Max Drawdown (3Y)Largest decline over 3 years | -30.99% | -16.54% | -14.45% |
Max Drawdown (5Y)Largest decline over 5 years | -31.20% | -27.34% | -3.86% |
Max Drawdown (10Y)Largest decline over 10 years | -36.87% | -41.71% | +4.84% |
Current DrawdownCurrent decline from peak | -13.89% | -25.28% | +11.39% |
Average DrawdownAverage peak-to-trough decline | -8.83% | -46.07% | +37.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.15% | 4.99% | +13.16% |
Volatility
KDP vs. DBC - Volatility Comparison
Keurig Dr Pepper Inc. (KDP) has a higher volatility of 9.32% compared to Invesco DB Commodity Index Tracking Fund (DBC) at 7.43%. This indicates that KDP'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.
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Volatility by Period
| KDP | DBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.32% | 7.43% | +1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 19.59% | 17.09% | +2.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.39% | 19.63% | +9.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.59% | 19.33% | +2.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.08% | 17.88% | +6.20% |
Dividends
KDP vs. DBC - Dividend Comparison
KDP's dividend yield for the trailing twelve months is around 2.98%, more than DBC's 2.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBC Invesco DB Commodity Index Tracking Fund | 2.58% | 3.33% | 5.22% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% | 0.00% | 0.00% | 0.00% |
KDP Keurig Dr Pepper Inc. | 2.98% | 3.28% | 2.72% | 2.45% | 2.14% | 1.83% | 1.88% | 2.07% | 407.49% | 2.39% | 2.34% | 2.06% |
Frequently Asked Questions
KDP and DBC have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KDP has higher volatility (9.32%) compared to DBC (7.43%). In terms of maximum drawdown, KDP dropped -58.97% vs DBC's -76.36%.
DBC currently has the higher Sharpe Ratio (1.80 vs -0.14), 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.
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