OEFA vs. DBC
OEFA (ALPS O'Shares International Developed Quality Dividend ETF) and DBC (Invesco DB Commodity Index Tracking Fund) are both exchange-traded funds - OEFA is a International Equity fund tracking the O’Shares International Developed Quality Dividend Index, while DBC is a Commodities fund tracking the DBIQ Optimum Yield Diversified Commodity Index Excess Return. Both are passively managed. At a correlation of -0.21, they often move in opposite directions. OEFA charges 0.48%/yr vs 0.85%/yr for DBC.
Performance
OEFA vs. DBC - Performance Comparison
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Returns By Period
In the year-to-date period, OEFA achieves a 2.69% return, which is significantly lower than DBC's 18.29% return.
OEFA
- 1D
- 0.30%
- 1M
- 1.18%
- YTD
- 2.69%
- 6M
- 2.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DBC
- 1D
- -2.47%
- 1M
- -13.39%
- YTD
- 18.29%
- 6M
- 16.88%
- 1Y
- 25.07%
- 3Y*
- 9.67%
- 5Y*
- 9.87%
- 10Y*
- 7.62%
OEFA vs. DBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OEFA ALPS O'Shares International Developed Quality Dividend ETF | 2.69% | 0.73% |
DBC Invesco DB Commodity Index Tracking Fund | 18.29% | 2.59% |
Correlation
The correlation between OEFA and DBC is -0.21, 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 (All Time) Calculated using the full available price history since Oct 1, 2025 | -0.21 |
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Return for Risk
OEFA vs. DBC — Risk / Return Rank
OEFA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DBC
OEFA vs. DBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS O'Shares International Developed Quality Dividend ETF (OEFA) 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.
| OEFA | DBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.24 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.52 | — |
| Martin ratioReturn relative to average drawdown | — | 7.24 | — |
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Drawdowns
OEFA vs. DBC - Drawdown Comparison
The maximum OEFA drawdown since its inception was -13.54%, smaller than the maximum DBC drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for OEFA and DBC.
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Drawdown Indicators
| OEFA | DBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.54% | -76.36% | +62.82% |
Max Drawdown (1Y)Largest decline over 1 year | — | -16.54% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.54% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.34% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.71% | — |
Current DrawdownCurrent decline from peak | -3.54% | -31.57% | +28.03% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -46.17% | +42.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.47% | — |
Volatility
OEFA vs. DBC - Volatility Comparison
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Volatility by Period
| OEFA | DBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.01% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.39% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.65% | 18.54% | -0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.65% | 19.24% | -1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.65% | 17.81% | -0.16% |
OEFA vs. DBC - Expense Ratio Comparison
OEFA has a 0.48% expense ratio, which is lower than DBC's 0.85% expense ratio.
Dividends
OEFA vs. DBC - Dividend Comparison
OEFA's dividend yield for the trailing twelve months is around 1.45%, less than DBC's 2.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBC Invesco DB Commodity Index Tracking Fund | 2.81% | 3.33% | 5.22% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% |
OEFA ALPS O'Shares International Developed Quality Dividend ETF | 1.45% | 0.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
OEFA and DBC have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OEFA is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OEFA is cheaper with a 0.48% expense ratio, compared with 0.85% for DBC.
DBC has the higher dividend yield at 2.81%, compared with 1.45% for OEFA.
OEFA is categorized as International Equity, while DBC is Commodities. OEFA tracks O’Shares International Developed Quality Dividend Index, while DBC tracks DBIQ Optimum Yield Diversified Commodity Index Excess Return. They also come from different issuers: ALPS and Invesco. Their fees differ too: 0.48% for OEFA and 0.85% for DBC.
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