RUNN vs. DBC
RUNN (Running Oak Efficient Growth ETF) and DBC (Invesco DB Commodity Index Tracking Fund) are both exchange-traded funds - RUNN is a Mid Cap Blend Equities fund actively managed by Running Oak Capital, while DBC is a Commodities fund tracking the DBIQ Optimum Yield Diversified Commodity Index Excess Return. RUNN is actively managed, while DBC is passively managed. Over the past 3 years, RUNN returned 8.24%/yr vs 11.51%/yr for DBC. At a correlation of -0.03, they often move in opposite directions. RUNN charges 0.58%/yr vs 0.85%/yr for DBC.
Performance
RUNN vs. DBC - Performance Comparison
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Returns By Period
In the year-to-date period, RUNN achieves a 0.55% return, which is significantly lower than DBC's 27.28% return.
RUNN
- 1D
- 1.79%
- 1M
- 2.88%
- 6M
- -4.15%
- YTD
- 0.55%
- 1Y
- -0.13%
- 3Y*
- 8.24%
- 5Y*
- —
- 10Y*
- —
DBC
- 1D
- -1.15%
- 1M
- 2.01%
- 6M
- 22.67%
- YTD
- 27.28%
- 1Y
- 31.86%
- 3Y*
- 11.51%
- 5Y*
- 11.45%
- 10Y*
- 8.52%
RUNN vs. DBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
RUNN Running Oak Efficient Growth ETF | 0.55% | 2.30% | 17.16% | 11.90% |
DBC Invesco DB Commodity Index Tracking Fund | 27.28% | 8.10% | 2.18% | 1.60% |
Correlation
The correlation between RUNN and DBC is -0.18, 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 | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jun 8, 2023 | -0.03 |
The correlation between RUNN and DBC shifts across timeframes, from -0.18 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RUNN vs. DBC — Risk / Return Rank
RUNN
DBC
RUNN vs. DBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Running Oak Efficient Growth ETF (RUNN) 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.
| RUNN | DBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.71 | ||
| Sortino ratioReturn per unit of downside risk | -2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.29 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 1.94 | -1.95 |
| Martin ratioReturn relative to average drawdown | -0.03 | 6.62 | -6.65 |
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Drawdowns
RUNN vs. DBC - Drawdown Comparison
The maximum RUNN drawdown since its inception was -16.83%, smaller than the maximum DBC drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for RUNN and DBC.
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Drawdown Indicators
| RUNN | DBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.83% | -76.36% | +59.53% |
Max Drawdown (1Y)Largest decline over 1 year | -10.34% | -16.54% | +6.20% |
Max Drawdown (3Y)Largest decline over 3 years | -16.83% | -16.54% | -0.29% |
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 | -4.52% | -26.37% | +21.85% |
Average DrawdownAverage peak-to-trough decline | -3.67% | -46.12% | +42.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.98% | 4.82% | +0.16% |
Volatility
RUNN vs. DBC - Volatility Comparison
The current volatility for Running Oak Efficient Growth ETF (RUNN) is 4.43%, while Invesco DB Commodity Index Tracking Fund (DBC) has a volatility of 6.03%. This indicates that RUNN 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
| RUNN | DBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 6.03% | -1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 10.15% | 16.71% | -6.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.34% | 18.85% | -5.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.83% | 19.29% | -5.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.83% | 17.80% | -3.97% |
RUNN vs. DBC - Expense Ratio Comparison
RUNN has a 0.58% expense ratio, which is lower than DBC's 0.85% expense ratio.
Dividends
RUNN vs. DBC - Dividend Comparison
RUNN's dividend yield for the trailing twelve months is around 0.55%, less than DBC's 2.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBC Invesco DB Commodity Index Tracking Fund | 2.61% | 3.33% | 5.22% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% |
RUNN Running Oak Efficient Growth ETF | 0.55% | 0.55% | 0.39% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RUNN and DBC have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBC has higher volatility (6.03%) compared to RUNN (4.43%). In terms of maximum drawdown, RUNN dropped -16.83% vs DBC's -76.36%.
On 3-year performance, DBC leads with 11.51% vs 8.24% for RUNN. On fees, RUNN is cheaper at 0.58% per year. On volatility, RUNN has been the lower-risk option at 4.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DBC has performed better with a 11.51% return vs 8.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RUNN is cheaper with a 0.58% expense ratio, compared with 0.85% for DBC.
DBC has the higher dividend yield at 2.61%, compared with 0.55% for RUNN.
RUNN is categorized as Mid Cap Blend Equities, while DBC is Commodities. They also come from different issuers: Running Oak Capital and Invesco. Their fees differ too: 0.58% for RUNN and 0.85% for DBC.
DBC currently has the higher Sharpe Ratio (1.70 vs -0.01), 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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