OBDC vs. DBC
OBDC (Blue Owl Capital Corporation) 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 5 years, OBDC returned 6.35%/yr vs 11.45%/yr for DBC. At a 0.18 correlation, their price movements are largely independent.
Performance
OBDC vs. DBC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, OBDC achieves a -4.14% return, which is significantly lower than DBC's 27.28% return.
OBDC
- 1D
- 0.81%
- 1M
- 3.79%
- 6M
- -6.40%
- YTD
- -4.14%
- 1Y
- -15.44%
- 3Y*
- 4.12%
- 5Y*
- 6.35%
- 10Y*
- —
DBC
- 1D
- -1.15%
- 1M
- 2.01%
- 6M
- 22.67%
- YTD
- 27.28%
- 1Y
- 31.86%
- 3Y*
- 11.51%
- 5Y*
- 11.45%
- 10Y*
- 8.52%
OBDC vs. DBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
OBDC Blue Owl Capital Corporation | -4.14% | -7.87% | 14.69% | 43.51% | -9.48% | 21.99% | -19.52% | 20.00% |
DBC Invesco DB Commodity Index Tracking Fund | 27.28% | 8.10% | 2.18% | -6.19% | 19.34% | 41.36% | -7.84% | 4.01% |
Correlation
The correlation between OBDC and DBC is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2019 | 0.18 |
The correlation between OBDC and DBC shifts across timeframes, from -0.08 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
OBDC vs. DBC — Risk / Return Rank
OBDC
DBC
OBDC vs. DBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blue Owl Capital Corporation (OBDC) 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.
| OBDC | DBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.36 | ||
| Sortino ratioReturn per unit of downside risk | -3.15 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.29 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | 1.94 | -2.58 |
| Martin ratioReturn relative to average drawdown | -1.01 | 6.62 | -7.63 |
Loading charts...
Drawdowns
OBDC vs. DBC - Drawdown Comparison
The maximum OBDC drawdown since its inception was -56.07%, smaller than the maximum DBC drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for OBDC and DBC.
Loading charts...
Drawdown Indicators
| OBDC | DBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.07% | -76.36% | +20.29% |
Max Drawdown (1Y)Largest decline over 1 year | -23.90% | -16.54% | -7.36% |
Max Drawdown (3Y)Largest decline over 3 years | -23.90% | -16.54% | -7.36% |
Max Drawdown (5Y)Largest decline over 5 years | -28.26% | -27.34% | -0.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.71% | — |
Current DrawdownCurrent decline from peak | -16.28% | -26.37% | +10.09% |
Average DrawdownAverage peak-to-trough decline | -10.78% | -46.12% | +35.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.33% | 4.82% | +10.51% |
Volatility
OBDC vs. DBC - Volatility Comparison
The current volatility for Blue Owl Capital Corporation (OBDC) is 5.43%, while Invesco DB Commodity Index Tracking Fund (DBC) has a volatility of 6.03%. This indicates that OBDC 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.
Loading charts...
Volatility by Period
| OBDC | DBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.43% | 6.03% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 18.92% | 16.71% | +2.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.47% | 18.85% | +4.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.79% | 19.29% | +1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.97% | 17.80% | +9.17% |
Dividends
OBDC vs. DBC - Dividend Comparison
OBDC's dividend yield for the trailing twelve months is around 12.87%, more than DBC's 2.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
OBDC Blue Owl Capital Corporation | 12.87% | 12.55% | 11.38% | 10.77% | 11.17% | 8.76% | 12.32% | 3.80% | 0.00% |
Frequently Asked Questions
OBDC and DBC have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBC has higher volatility (6.03%) compared to OBDC (5.43%). In terms of maximum drawdown, OBDC dropped -56.07% vs DBC's -76.36%.
DBC currently has the higher Sharpe Ratio (1.70 vs -0.66), 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.
Find the right allocation for OBDC and DBC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer