OKLO vs. DBC

Last updated Jun 4, 2026

OKLO (Oklo 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 3 years, OKLO returned 82.80%/yr vs 15.09%/yr for DBC. At a 0.03 correlation, their price movements are largely independent.

Performance

OKLO vs. DBC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Oklo Inc. (OKLO) 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, OKLO achieves a -9.13% return, which is significantly lower than DBC's 35.47% return.

OKLO

• 1D: -11.24%
• 1M: -4.94%
• YTD: -9.13%
• 6M: -32.49%
• 1Y: 31.02%
• 3Y*: 82.80%
• 5Y*: —
• 10Y*: —

DBC

• 1D: 0.56%
• 1M: -3.32%
• YTD: 35.47%
• 6M: 35.36%
• 1Y: 45.90%
• 3Y*: 15.09%
• 5Y*: 12.78%
• 10Y*: 9.10%

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

OKLO vs. DBC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
OKLO Oklo Inc.	-9.13%	238.01%	101.04%	6.45%	0.71%	-1.30%
DBC Invesco DB Commodity Index Tracking Fund	35.47%	8.10%	2.18%	-6.19%	19.34%	9.95%

Correlation

The correlation between OKLO 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	0.03
Correlation (All Time) Calculated using the full available price history since Jul 9, 2021	0.03

The correlation between OKLO and DBC shifts across timeframes, from -0.08 (1 year) to 0.03 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

OKLO vs. DBC — Risk / Return Rank

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

OKLO

OKLO Risk / Return Rank: 52
OKLO Sharpe Ratio Rank: 51
OKLO Sortino Ratio Rank: 59
OKLO Omega Ratio Rank: 54
OKLO Calmar Ratio Rank: 50
OKLO Martin Ratio Rank: 48

DBC

DBC Risk / Return Rank: 75
DBC Sharpe Ratio Rank: 74
DBC Sortino Ratio Rank: 67
DBC Omega Ratio Rank: 70
DBC Calmar Ratio Rank: 92
DBC Martin Ratio Rank: 72

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.

OKLO vs. DBC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Oklo Inc. (OKLO) 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.

	OKLO	DBC	Difference
Sharpe ratio: Return per unit of total volatility	0.30	2.47	-2.17
Sortino ratio: Return per unit of downside risk	1.25	3.16	-1.91
Omega ratio: Gain probability vs. loss probability	1.14	1.43	-0.30
Calmar ratio: Return relative to maximum drawdown	0.42	6.54	-6.12
Martin ratio: Return relative to average drawdown	0.70	13.91	-13.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OKLO vs. DBC - Sharpe Ratio Comparison

The current OKLO Sharpe Ratio is 0.30, which is lower than the DBC Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of OKLO 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.

Sharpe Ratios by Period

	OKLO	DBC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.30	2.47	-2.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.67	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.12	+0.43

Drawdowns

OKLO vs. DBC - Drawdown Comparison

The maximum OKLO drawdown since its inception was -73.83%, roughly equal to the maximum DBC drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for OKLO and DBC.

Drawdown Indicators

	OKLO	DBC	Difference
Max Drawdown Largest peak-to-trough decline	-73.83%	-76.36%	+2.53%
Max Drawdown (1Y) Largest decline over 1 year	-73.83%	-7.05%	-66.78%
Max Drawdown (3Y) Largest decline over 3 years	-73.83%	-13.82%	-60.01%
Max Drawdown (5Y) Largest decline over 5 years	—	-27.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.71%	—
Current Drawdown Current decline from peak	-62.55%	-21.64%	-40.91%
Average Drawdown Average peak-to-trough decline	-17.87%	-46.22%	+28.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	44.42%	3.31%	+41.11%

Volatility

OKLO vs. DBC - Volatility Comparison

Oklo Inc. (OKLO) has a higher volatility of 32.21% compared to Invesco DB Commodity Index Tracking Fund (DBC) at 6.45%. This indicates that OKLO'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

	OKLO	DBC	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.21%	6.45%	+25.76%
Volatility (6M) Calculated over the trailing 6-month period	70.40%	15.75%	+54.65%
Volatility (1Y) Calculated over the trailing 1-year period	105.73%	18.68%	+87.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	85.89%	19.18%	+66.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	85.89%	17.81%	+68.08%

Dividends

OKLO vs. DBC - Dividend Comparison

OKLO has not paid dividends to shareholders, while DBC's dividend yield for the trailing twelve months is around 2.46%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DBC Invesco DB Commodity Index Tracking Fund	2.46%	3.33%	5.22%	4.94%	0.59%	0.00%	0.00%	1.59%	1.30%
OKLO Oklo Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OKLO and DBC in my portfolio?

OKLO 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.

Which is riskier, OKLO or DBC?

OKLO has higher volatility (32.21%) compared to DBC (6.45%). In terms of maximum drawdown, OKLO dropped -73.83% vs DBC's -76.36%.

Which has better risk-adjusted returns?

DBC currently has the higher Sharpe Ratio (2.47 vs 0.30), 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.