REGL vs. DBC
REGL (ProShares S&P MidCap 400 Dividend Aristocrats ETF) and DBC (Invesco DB Commodity Index Tracking Fund) are both exchange-traded funds - REGL is a Mid Cap Value Equities fund tracking the S&P MidCap 400 Dividend Aristocrats Index, while DBC is a Commodities fund tracking the DBIQ Optimum Yield Diversified Commodity Index Excess Return. Both are passively managed. Over the past 10 years, REGL returned 9.68%/yr vs 9.05%/yr for DBC. Their 0.20 correlation means their historical movements had little consistent relationship. REGL charges 0.40%/yr vs 0.85%/yr for DBC.
Performance
REGL vs. DBC - Performance Comparison
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Returns By Period
In the year-to-date period, REGL achieves a 13.59% return, which is significantly lower than DBC's 29.16% return. Over the past 10 years, REGL has outperformed DBC with an annualized return of 9.68%, while DBC has yielded a comparatively lower 9.05% annualized return.
REGL
- 1D
- 0.94%
- 1M
- 2.48%
- 6M
- 7.93%
- YTD
- 13.59%
- 1Y
- 18.69%
- 3Y*
- 12.39%
- 5Y*
- 8.56%
- 10Y*
- 9.68%
- ALL TIME*
- 10.08%
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 | |
| $11.70M | $8.88M | $5.98M |
REGL vs. DBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF | 13.59% | 6.89% | 12.26% | 5.41% | -0.62% | 20.38% | 7.50% | 18.79% | -3.25% | 10.17% |
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 REGL and DBC is -0.23, 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. | -0.23 |
Correlation (3Y) Balances recent behavior with more history. | -0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.10 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2015 | 0.20 |
The correlation between REGL and DBC shifts across timeframes, from -0.23 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
REGL vs. DBC — Risk / Return Rank
REGL
DBC
REGL vs. DBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) 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.
| REGL | DBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.30 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 2.13 | -0.19 |
| Martin ratioReturn relative to average drawdown | 6.06 | 7.07 | -1.01 |
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Drawdowns
REGL vs. DBC - Drawdown Comparison
The maximum REGL drawdown since its inception was -36.37%, smaller than the maximum DBC drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for REGL and DBC.
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Drawdown Indicators
| REGL | DBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.37% | -76.36% | +39.99% |
Max Drawdown (1Y)Largest decline over 1 year | -9.67% | -16.54% | +6.87% |
Max Drawdown (3Y)Largest decline over 3 years | -16.96% | -16.54% | -0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -16.96% | -27.34% | +10.38% |
Max Drawdown (10Y)Largest decline over 10 years | -36.37% | -41.71% | +5.34% |
Current DrawdownCurrent decline from peak | -0.99% | -25.28% | +24.29% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -46.07% | +42.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 4.99% | -1.90% |
Volatility
REGL vs. DBC - Volatility Comparison
The current volatility for ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) is 4.17%, while Invesco DB Commodity Index Tracking Fund (DBC) has a volatility of 7.43%. This indicates that REGL 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
| REGL | DBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 7.43% | -3.26% |
Volatility (6M)Calculated over the trailing 6-month period | 9.55% | 17.09% | -7.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.11% | 19.63% | -6.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 19.33% | -3.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.32% | 17.88% | +0.44% |
REGL vs. DBC - Expense Ratio Comparison
REGL has a 0.40% expense ratio, which is lower than DBC's 0.85% expense ratio.
Dividends
REGL vs. DBC - Dividend Comparison
REGL's dividend yield for the trailing twelve months is around 2.15%, less 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% |
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF | 2.15% | 2.32% | 2.28% | 2.40% | 2.32% | 2.50% | 2.41% | 1.96% | 2.09% | 1.63% | 1.20% | 1.66% |
Frequently Asked Questions
REGL and DBC have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBC has higher volatility (7.43%) compared to REGL (4.17%). In terms of maximum drawdown, REGL dropped -36.37% vs DBC's -76.36%.
On 10-year performance, REGL leads with 9.68% vs 9.05% for DBC. On fees, REGL is cheaper at 0.40% per year. On volatility, REGL has been the lower-risk option at 4.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, REGL has performed better with a 9.68% return vs 9.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
REGL is cheaper with a 0.40% expense ratio, compared with 0.85% for DBC.
DBC has the higher dividend yield at 2.58%, compared with 2.15% for REGL.
REGL is categorized as Mid Cap Value Equities, while DBC is Commodities. REGL tracks S&P MidCap 400 Dividend Aristocrats Index, while DBC tracks DBIQ Optimum Yield Diversified Commodity Index Excess Return. They also come from different issuers: ProShares and Invesco. Their fees differ too: 0.40% for REGL and 0.85% for DBC.
DBC currently has the higher Sharpe Ratio (1.80 vs 1.43), 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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