PYPL vs. DBC
PYPL (PayPal Holdings, 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, PYPL returned 4.68%/yr vs 9.54%/yr for DBC. Their 0.15 correlation means their historical movements had little consistent relationship.
Performance
PYPL vs. DBC - Performance Comparison
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Returns By Period
In the year-to-date period, PYPL achieves a -1.38% return, which is significantly lower than DBC's 31.71% return. Over the past 10 years, PYPL has underperformed DBC with an annualized return of 4.68%, while DBC has yielded a comparatively higher 9.54% annualized return.
PYPL
- 1D
- -0.76%
- 1M
- 25.82%
- 6M
- 9.27%
- YTD
- -1.38%
- 1Y
- -14.01%
- 3Y*
- -8.58%
- 5Y*
- -26.85%
- 10Y*
- 4.68%
- ALL TIME*
- 3.04%
DBC
- 1D
- 0.44%
- 1M
- 10.84%
- 6M
- 20.55%
- YTD
- 31.71%
- 1Y
- 37.81%
- 3Y*
- 11.07%
- 5Y*
- 11.66%
- 10Y*
- 9.54%
- ALL TIME*
- 2.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $27.92M | $29.19M | $34.33M | |
| $886.89M | $1.02B | $835.02M |
PYPL vs. DBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PYPL PayPal Holdings, Inc. | -1.38% | -31.44% | 38.98% | -13.77% | -62.23% | -19.48% | 116.51% | 28.64% | 14.22% | 86.52% |
DBC Invesco DB Commodity Index Tracking Fund | 31.71% | 8.10% | 2.18% | -6.19% | 19.34% | 41.36% | -7.84% | 11.84% | -11.63% | 4.86% |
Correlation
The correlation between PYPL and DBC is -0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.08 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2015 | 0.15 |
The correlation between PYPL and DBC shifts across timeframes, from -0.07 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PYPL vs. DBC — Risk / Return Rank
PYPL
DBC
PYPL vs. DBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PayPal Holdings, Inc. (PYPL) 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.
| PYPL | DBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.21 | ||
| Sortino ratioReturn per unit of downside risk | -2.72 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.31 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 2.16 | -2.50 |
| Martin ratioReturn relative to average drawdown | -0.54 | 7.20 | -7.74 |
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Drawdowns
PYPL vs. DBC - Drawdown Comparison
The maximum PYPL drawdown since its inception was -87.30%, which is greater than DBC's maximum drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for PYPL and DBC.
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Drawdown Indicators
| PYPL | DBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.30% | -76.36% | -10.94% |
Max Drawdown (1Y)Largest decline over 1 year | -48.55% | -16.54% | -32.01% |
Max Drawdown (3Y)Largest decline over 3 years | -57.34% | -16.54% | -40.80% |
Max Drawdown (5Y)Largest decline over 5 years | -86.64% | -27.34% | -59.30% |
Max Drawdown (10Y)Largest decline over 10 years | -87.30% | -41.71% | -45.59% |
Current DrawdownCurrent decline from peak | -81.30% | -23.81% | -57.49% |
Average DrawdownAverage peak-to-trough decline | -36.47% | -46.07% | +9.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.74% | 5.00% | +24.74% |
Volatility
PYPL vs. DBC - Volatility Comparison
PayPal Holdings, Inc. (PYPL) has a higher volatility of 17.17% compared to Invesco DB Commodity Index Tracking Fund (DBC) at 7.01%. This indicates that PYPL'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
| PYPL | DBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.17% | 7.01% | +10.16% |
Volatility (6M)Calculated over the trailing 6-month period | 36.49% | 17.35% | +19.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.87% | 19.58% | +22.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.88% | 19.31% | +23.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.15% | 17.87% | +21.28% |
Dividends
PYPL vs. DBC - Dividend Comparison
PYPL's dividend yield for the trailing twelve months is around 0.73%, less than DBC's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBC Invesco DB Commodity Index Tracking Fund | 2.53% | 3.33% | 5.22% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% |
PYPL PayPal Holdings, Inc. | 0.73% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PYPL and DBC have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PYPL has higher volatility (17.17%) compared to DBC (7.01%). In terms of maximum drawdown, PYPL dropped -87.30% vs DBC's -76.36%.
DBC currently has the higher Sharpe Ratio (1.83 vs -0.39), 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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