PII vs. DBC
PII (Polaris Industries 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, PII returned 0.15%/yr vs 8.42%/yr for DBC. At a 0.19 correlation, their price movements are largely independent.
Performance
PII vs. DBC - Performance Comparison
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Returns By Period
In the year-to-date period, PII achieves a 8.06% return, which is significantly lower than DBC's 26.70% return. Over the past 10 years, PII has underperformed DBC with an annualized return of 0.15%, while DBC has yielded a comparatively higher 8.42% annualized return.
PII
- 1D
- -0.70%
- 1M
- -5.64%
- 6M
- -3.19%
- YTD
- 8.06%
- 1Y
- 39.77%
- 3Y*
- -16.09%
- 5Y*
- -9.61%
- 10Y*
- 0.15%
DBC
- 1D
- 2.94%
- 1M
- -0.77%
- 6M
- 22.16%
- YTD
- 26.70%
- 1Y
- 30.09%
- 3Y*
- 11.04%
- 5Y*
- 11.23%
- 10Y*
- 8.42%
PII vs. DBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PII Polaris Industries Inc. | 8.06% | 15.90% | -37.19% | -3.79% | -6.01% | 17.75% | -3.78% | 36.37% | -36.76% | 54.19% |
DBC Invesco DB Commodity Index Tracking Fund | 26.70% | 8.10% | 2.18% | -6.19% | 19.34% | 41.36% | -7.84% | 11.84% | -11.63% | 4.86% |
Correlation
The correlation between PII 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 (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2006 | 0.19 |
The correlation between PII and DBC shifts across timeframes, from -0.08 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PII vs. DBC — Risk / Return Rank
PII
DBC
PII vs. DBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Polaris Industries Inc. (PII) 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.
| PII | DBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.28 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 1.83 | -0.66 |
| Martin ratioReturn relative to average drawdown | 3.37 | 6.41 | -3.04 |
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Drawdowns
PII vs. DBC - Drawdown Comparison
The maximum PII drawdown since its inception was -77.57%, roughly equal to the maximum DBC drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for PII and DBC.
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Drawdown Indicators
| PII | DBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.57% | -76.36% | -1.21% |
Max Drawdown (1Y)Largest decline over 1 year | -34.21% | -16.54% | -17.67% |
Max Drawdown (3Y)Largest decline over 3 years | -75.23% | -16.54% | -58.69% |
Max Drawdown (5Y)Largest decline over 5 years | -75.23% | -27.34% | -47.89% |
Max Drawdown (10Y)Largest decline over 10 years | -75.62% | -41.71% | -33.91% |
Current DrawdownCurrent decline from peak | -45.79% | -26.71% | -19.08% |
Average DrawdownAverage peak-to-trough decline | -19.79% | -46.13% | +26.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.86% | 4.71% | +7.15% |
Volatility
PII vs. DBC - Volatility Comparison
Polaris Industries Inc. (PII) has a higher volatility of 12.16% compared to Invesco DB Commodity Index Tracking Fund (DBC) at 6.07%. This indicates that PII'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
| PII | DBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.16% | 6.07% | +6.09% |
Volatility (6M)Calculated over the trailing 6-month period | 38.35% | 16.67% | +21.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.59% | 18.84% | +36.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.00% | 19.28% | +23.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.83% | 17.80% | +25.03% |
Dividends
PII vs. DBC - Dividend Comparison
PII's dividend yield for the trailing twelve months is around 4.03%, more than DBC's 2.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBC Invesco DB Commodity Index Tracking Fund | 2.63% | 3.33% | 5.22% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% | 0.00% | 0.00% | 0.00% |
PII Polaris Industries Inc. | 4.03% | 4.24% | 4.58% | 2.74% | 2.53% | 2.29% | 2.60% | 2.40% | 3.13% | 1.87% | 2.67% | 2.47% |
Frequently Asked Questions
PII 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.
PII has higher volatility (12.16%) compared to DBC (6.07%). In terms of maximum drawdown, PII dropped -77.57% vs DBC's -76.36%.
DBC currently has the higher Sharpe Ratio (1.61 vs 0.72), 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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