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 2.09%/yr vs 8.42%/yr for DBC. At a 0.15 correlation, their price movements are largely independent.
Performance
PYPL vs. DBC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PYPL achieves a -17.86% return, which is significantly lower than DBC's 26.70% return. Over the past 10 years, PYPL has underperformed DBC with an annualized return of 2.09%, while DBC has yielded a comparatively higher 8.42% annualized return.
PYPL
- 1D
- 2.87%
- 1M
- 14.74%
- 6M
- -16.30%
- YTD
- -17.86%
- 1Y
- -32.65%
- 3Y*
- -12.64%
- 5Y*
- -30.70%
- 10Y*
- 2.09%
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%
PYPL vs. DBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PYPL PayPal Holdings, Inc. | -17.86% | -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 | 26.70% | 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 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 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.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | -2.45 | ||
| Sortino ratioReturn per unit of downside risk | -3.20 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.28 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | 1.83 | -2.48 |
| Martin ratioReturn relative to average drawdown | -1.06 | 6.41 | -7.47 |
Loading charts...
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.
Loading charts...
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 | -49.92% | -16.54% | -33.38% |
Max Drawdown (3Y)Largest decline over 3 years | -57.34% | -16.54% | -40.80% |
Max Drawdown (5Y)Largest decline over 5 years | -87.30% | -27.34% | -59.96% |
Max Drawdown (10Y)Largest decline over 10 years | -87.30% | -41.71% | -45.59% |
Current DrawdownCurrent decline from peak | -84.42% | -26.71% | -57.71% |
Average DrawdownAverage peak-to-trough decline | -36.24% | -46.13% | +9.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.96% | 4.71% | +26.25% |
Volatility
PYPL vs. DBC - Volatility Comparison
PayPal Holdings, Inc. (PYPL) has a higher volatility of 9.64% compared to Invesco DB Commodity Index Tracking Fund (DBC) at 6.07%. 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.
Loading charts...
Volatility by Period
| PYPL | DBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.64% | 6.07% | +3.57% |
Volatility (6M)Calculated over the trailing 6-month period | 33.02% | 16.67% | +16.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.17% | 18.84% | +20.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.26% | 19.28% | +22.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.83% | 17.80% | +21.03% |
Dividends
PYPL vs. DBC - Dividend Comparison
PYPL's dividend yield for the trailing twelve months is around 0.88%, 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% |
PYPL PayPal Holdings, Inc. | 0.88% | 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 (9.64%) compared to DBC (6.07%). In terms of maximum drawdown, PYPL dropped -87.30% vs DBC's -76.36%.
DBC currently has the higher Sharpe Ratio (1.61 vs -0.84), 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.
Find the right allocation for PYPL and DBC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer