PLD vs. DBC
PLD (Prologis, 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, PLD returned 13.47%/yr vs 9.05%/yr for DBC. Their 0.16 correlation means their historical movements had little consistent relationship.
Performance
PLD vs. DBC - Performance Comparison
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Returns By Period
In the year-to-date period, PLD achieves a 14.65% return, which is significantly lower than DBC's 29.16% return. Over the past 10 years, PLD has outperformed DBC with an annualized return of 13.47%, while DBC has yielded a comparatively lower 9.05% annualized return.
PLD
- 1D
- -0.32%
- 1M
- 3.39%
- 6M
- 12.87%
- YTD
- 14.65%
- 1Y
- 41.85%
- 3Y*
- 9.07%
- 5Y*
- 5.25%
- 10Y*
- 13.47%
- ALL TIME*
- 11.77%
DBC
- 1D
- -1.94%
- 1M
- 8.69%
- 6M
- 22.68%
- YTD
- 29.16%
- 1Y
- 35.14%
- 3Y*
- 10.50%
- 5Y*
- 11.93%
- 10Y*
- 9.05%
- ALL TIME*
- 1.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $29.57M | $30.05M | $33.92M | |
| $714.22M | $630.17M | $566.52M |
PLD vs. DBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PLD Prologis, Inc. | 14.65% | 25.08% | -18.12% | 21.58% | -31.33% | 72.33% | 14.74% | 55.87% | -6.25% | 25.94% |
DBC Invesco DB Commodity Index Tracking Fund | 29.16% | 8.10% | 2.18% | -6.19% | 19.34% | 41.36% | -7.84% | 11.84% | -11.63% | 4.86% |
Correlation
The correlation between PLD and DBC is -0.15, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.15 |
Correlation (3Y) Balances recent behavior with more history. | -0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.04 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.09 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2006 | 0.16 |
The correlation between PLD and DBC shifts across timeframes, from -0.15 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PLD vs. DBC — Risk / Return Rank
PLD
DBC
PLD vs. DBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Prologis, Inc. (PLD) 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.
| PLD | DBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.30 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.39 | 2.13 | +2.25 |
| Martin ratioReturn relative to average drawdown | 13.85 | 7.07 | +6.78 |
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Drawdowns
PLD vs. DBC - Drawdown Comparison
The maximum PLD drawdown since its inception was -84.70%, which is greater than DBC's maximum drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for PLD and DBC.
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Drawdown Indicators
| PLD | DBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.70% | -76.36% | -8.34% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -16.54% | +6.95% |
Max Drawdown (3Y)Largest decline over 3 years | -31.37% | -16.54% | -14.83% |
Max Drawdown (5Y)Largest decline over 5 years | -43.30% | -27.34% | -15.96% |
Max Drawdown (10Y)Largest decline over 10 years | -43.30% | -41.71% | -1.59% |
Current DrawdownCurrent decline from peak | -5.09% | -25.28% | +20.19% |
Average DrawdownAverage peak-to-trough decline | -17.30% | -46.07% | +28.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 4.99% | -1.96% |
Volatility
PLD vs. DBC - Volatility Comparison
Prologis, Inc. (PLD) and Invesco DB Commodity Index Tracking Fund (DBC) have volatilities of 7.57% and 7.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLD | DBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.57% | 7.43% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 16.26% | 17.09% | -0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.20% | 19.63% | +2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.20% | 19.33% | +7.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.09% | 17.88% | +9.21% |
Dividends
PLD vs. DBC - Dividend Comparison
PLD's dividend yield for the trailing twelve months is around 2.89%, more than DBC's 2.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBC Invesco DB Commodity Index Tracking Fund | 2.58% | 3.33% | 5.22% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% | 0.00% | 0.00% | 0.00% |
PLD Prologis, Inc. | 2.89% | 3.16% | 3.63% | 2.61% | 2.80% | 1.50% | 2.33% | 2.38% | 3.27% | 2.73% | 3.18% | 3.54% |
Frequently Asked Questions
PLD and DBC have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLD has higher volatility (7.57%) compared to DBC (7.43%). In terms of maximum drawdown, PLD dropped -84.70% vs DBC's -76.36%.
PLD currently has the higher Sharpe Ratio (1.90 vs 1.80), 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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