PINK vs. DBC
PINK (Simplify Health Care ETF) and DBC (Invesco DB Commodity Index Tracking Fund) are both exchange-traded funds - PINK is a Health & Biotech Equities fund actively managed by Simplify, while DBC is a Commodities fund tracking the DBIQ Optimum Yield Diversified Commodity Index Excess Return. PINK is actively managed, while DBC is passively managed. Over the past 3 years, PINK returned 14.51%/yr vs 11.04%/yr for DBC. At a 0.00 correlation, their price movements are largely independent. PINK charges 0.50%/yr vs 0.85%/yr for DBC.
Performance
PINK vs. DBC - Performance Comparison
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Returns By Period
In the year-to-date period, PINK achieves a 7.08% return, which is significantly lower than DBC's 26.70% return.
PINK
- 1D
- -1.34%
- 1M
- 5.48%
- 6M
- 4.37%
- YTD
- 7.08%
- 1Y
- 30.37%
- 3Y*
- 14.51%
- 5Y*
- —
- 10Y*
- —
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%
PINK vs. DBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PINK Simplify Health Care ETF | 7.08% | 24.34% | 8.81% | 3.80% | -4.41% | 11.45% |
DBC Invesco DB Commodity Index Tracking Fund | 26.70% | 8.10% | 2.18% | -6.19% | 19.34% | -0.81% |
Correlation
The correlation between PINK and DBC is -0.27, 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 (1Y) Calculated over the trailing 1-year period | -0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.13 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2021 | 0.00 |
The correlation between PINK and DBC shifts across timeframes, from -0.27 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PINK vs. DBC — Risk / Return Rank
PINK
DBC
PINK vs. DBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Health Care ETF (PINK) 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.
| PINK | DBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.28 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.83 | -0.01 |
| Martin ratioReturn relative to average drawdown | 5.44 | 6.41 | -0.97 |
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Drawdowns
PINK vs. DBC - Drawdown Comparison
The maximum PINK drawdown since its inception was -18.77%, smaller than the maximum DBC drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for PINK and DBC.
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Drawdown Indicators
| PINK | DBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.77% | -76.36% | +57.59% |
Max Drawdown (1Y)Largest decline over 1 year | -16.81% | -16.54% | -0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -18.77% | -16.54% | -2.23% |
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 | -2.69% | -26.71% | +24.02% |
Average DrawdownAverage peak-to-trough decline | -6.64% | -46.13% | +39.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.60% | 4.71% | +0.89% |
Volatility
PINK vs. DBC - Volatility Comparison
The current volatility for Simplify Health Care ETF (PINK) is 4.11%, while Invesco DB Commodity Index Tracking Fund (DBC) has a volatility of 6.07%. This indicates that PINK 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.
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Volatility by Period
| PINK | DBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.11% | 6.07% | -1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 13.98% | 16.67% | -2.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.62% | 18.84% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.58% | 19.28% | -1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.58% | 17.80% | -0.22% |
PINK vs. DBC - Expense Ratio Comparison
PINK has a 0.50% expense ratio, which is lower than DBC's 0.85% expense ratio.
Dividends
PINK vs. DBC - Dividend Comparison
PINK's dividend yield for the trailing twelve months is around 0.64%, less than DBC's 2.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
PINK Simplify Health Care ETF | 0.64% | 0.68% | 0.32% | 0.94% | 0.42% | 0.04% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PINK and DBC have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBC has higher volatility (6.07%) compared to PINK (4.11%). In terms of maximum drawdown, PINK dropped -18.77% vs DBC's -76.36%.
On 3-year performance, PINK leads with 14.51% vs 11.04% for DBC. On fees, PINK is cheaper at 0.50% per year. On volatility, PINK has been the lower-risk option at 4.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, PINK has performed better with a 14.51% return vs 11.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PINK is cheaper with a 0.50% expense ratio, compared with 0.85% for DBC.
DBC has the higher dividend yield at 2.63%, compared with 0.64% for PINK.
PINK is categorized as Health & Biotech Equities, while DBC is Commodities. They also come from different issuers: Simplify and Invesco. Their fees differ too: 0.50% for PINK and 0.85% for DBC.
PINK currently has the higher Sharpe Ratio (1.64 vs 1.61), 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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