RZG vs. DBC
RZG (Invesco S&P SmallCap 600® Pure Growth ETF) and DBC (Invesco DB Commodity Index Tracking Fund) are both exchange-traded funds - RZG is a Small Cap Growth Equities fund tracking the S&P Small Cap 600 Pure Growth, 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, RZG returned 10.09%/yr vs 8.42%/yr for DBC. At a 0.28 correlation, their price movements are largely independent. RZG charges 0.35%/yr vs 0.85%/yr for DBC.
Performance
RZG vs. DBC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RZG achieves a 28.43% return, which is significantly higher than DBC's 26.70% return. Over the past 10 years, RZG has outperformed DBC with an annualized return of 10.09%, while DBC has yielded a comparatively lower 8.42% annualized return.
RZG
- 1D
- -1.71%
- 1M
- 2.84%
- 6M
- 21.78%
- YTD
- 28.43%
- 1Y
- 35.60%
- 3Y*
- 18.70%
- 5Y*
- 7.01%
- 10Y*
- 10.09%
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%
RZG vs. DBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RZG Invesco S&P SmallCap 600® Pure Growth ETF | 28.43% | 10.22% | 9.84% | 19.15% | -29.00% | 21.01% | 17.76% | 14.25% | -8.70% | 19.18% |
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 RZG and DBC is -0.19, 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 | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2006 | 0.28 |
The correlation between RZG and DBC shifts across timeframes, from -0.19 (1 year) to 0.28 (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
RZG vs. DBC — Risk / Return Rank
RZG
DBC
RZG vs. DBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap 600® Pure Growth ETF (RZG) 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.
| RZG | DBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.28 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.15 | 1.83 | +2.32 |
| Martin ratioReturn relative to average drawdown | 13.87 | 6.41 | +7.46 |
Loading charts...
Drawdowns
RZG vs. DBC - Drawdown Comparison
The maximum RZG drawdown since its inception was -58.52%, smaller than the maximum DBC drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for RZG and DBC.
Loading charts...
Drawdown Indicators
| RZG | DBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.52% | -76.36% | +17.84% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -16.54% | +7.91% |
Max Drawdown (3Y)Largest decline over 3 years | -25.73% | -16.54% | -9.19% |
Max Drawdown (5Y)Largest decline over 5 years | -38.33% | -27.34% | -10.99% |
Max Drawdown (10Y)Largest decline over 10 years | -54.02% | -41.71% | -12.31% |
Current DrawdownCurrent decline from peak | -4.24% | -26.71% | +22.47% |
Average DrawdownAverage peak-to-trough decline | -12.07% | -46.13% | +34.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 4.71% | -2.14% |
Volatility
RZG vs. DBC - Volatility Comparison
Invesco S&P SmallCap 600® Pure Growth ETF (RZG) and Invesco DB Commodity Index Tracking Fund (DBC) have volatilities of 5.85% and 6.07%, 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.
Loading charts...
Volatility by Period
| RZG | DBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.85% | 6.07% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 14.34% | 16.67% | -2.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.08% | 18.84% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.05% | 19.28% | +3.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.62% | 17.80% | +6.82% |
RZG vs. DBC - Expense Ratio Comparison
RZG has a 0.35% expense ratio, which is lower than DBC's 0.85% expense ratio.
Dividends
RZG vs. DBC - Dividend Comparison
RZG's dividend yield for the trailing twelve months is around 0.44%, less than DBC's 2.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
RZG Invesco S&P SmallCap 600® Pure Growth ETF | 0.44% | 0.37% | 0.95% | 1.43% | 1.59% | 0.22% | 0.49% | 0.70% | 0.46% | 0.44% | 0.65% | 0.70% |
Frequently Asked Questions
RZG and DBC have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBC has higher volatility (6.07%) compared to RZG (5.85%). In terms of maximum drawdown, RZG dropped -58.52% vs DBC's -76.36%.
On 10-year performance, RZG leads with 10.09% vs 8.42% for DBC. On fees, RZG is cheaper at 0.35% per year. On volatility, RZG has been the lower-risk option at 5.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, RZG has performed better with a 10.09% return vs 8.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RZG is cheaper with a 0.35% expense ratio, compared with 0.85% for DBC.
DBC has the higher dividend yield at 2.63%, compared with 0.44% for RZG.
RZG is categorized as Small Cap Growth Equities, while DBC is Commodities. RZG tracks S&P Small Cap 600 Pure Growth, while DBC tracks DBIQ Optimum Yield Diversified Commodity Index Excess Return. Their fees differ too: 0.35% for RZG and 0.85% for DBC.
RZG currently has the higher Sharpe Ratio (1.88 vs 1.61), 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 RZG 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