SCDV vs. DBC

Last updated Jun 24, 2026

SCDV (Bahl & Gaynor Small Cap Dividend ETF) and DBC (Invesco DB Commodity Index Tracking Fund) are both exchange-traded funds - SCDV is a Small Cap Blend Equities fund actively managed by Bahl & Gaynor, while DBC is a Commodities fund tracking the DBIQ Optimum Yield Diversified Commodity Index Excess Return. SCDV is actively managed, while DBC is passively managed. Over the past year, SCDV returned 17.63% vs 25.15% for DBC. At a correlation of -0.03, they often move in opposite directions. SCDV charges 0.70%/yr vs 0.85%/yr for DBC.

Performance

SCDV vs. DBC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bahl & Gaynor Small Cap Dividend ETF (SCDV) and Invesco DB Commodity Index Tracking Fund (DBC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCDV achieves a 14.25% return, which is significantly lower than DBC's 21.29% return.

SCDV

• 1D: -0.33%
• 1M: 2.24%
• YTD: 14.25%
• 6M: 11.83%
• 1Y: 17.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DBC

• 1D: -1.06%
• 1M: -11.20%
• YTD: 21.29%
• 6M: 19.79%
• 1Y: 25.15%
• 3Y*: 10.58%
• 5Y*: 10.32%
• 10Y*: 7.89%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SCDV vs. DBC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SCDV Bahl & Gaynor Small Cap Dividend ETF	14.25%	3.09%	-6.73%
DBC Invesco DB Commodity Index Tracking Fund	21.29%	8.10%	0.32%

Correlation

The correlation between SCDV 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 (All Time) Calculated using the full available price history since Dec 12, 2024	-0.03

The correlation between SCDV and DBC shifts across timeframes, from -0.18 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SCDV vs. DBC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SCDV

SCDV Risk / Return Rank: 34
SCDV Sharpe Ratio Rank: 34
SCDV Sortino Ratio Rank: 35
SCDV Omega Ratio Rank: 32
SCDV Calmar Ratio Rank: 34
SCDV Martin Ratio Rank: 34

DBC

DBC Risk / Return Rank: 40
DBC Sharpe Ratio Rank: 41
DBC Sortino Ratio Rank: 39
DBC Omega Ratio Rank: 38
DBC Calmar Ratio Rank: 36
DBC Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SCDV vs. DBC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bahl & Gaynor Small Cap Dividend ETF (SCDV) 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.

	SCDV	DBC	Difference
Sharpe ratio: Return per unit of total volatility	1.13	1.38	-0.25
Sortino ratio: Return per unit of downside risk	1.72	1.92	-0.19
Omega ratio: Gain probability vs. loss probability	1.20	1.24	-0.04
Calmar ratio: Return relative to maximum drawdown	1.56	1.75	-0.20
Martin ratio: Return relative to average drawdown	4.68	7.61	-2.94

SCDV vs. DBC - Sharpe Ratio Comparison

The current SCDV Sharpe Ratio is 1.13, which is comparable to the DBC Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of SCDV and DBC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SCDV vs. DBC - Drawdown Comparison

The maximum SCDV drawdown since its inception was -23.14%, smaller than the maximum DBC drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for SCDV and DBC.

Drawdown Indicators

	SCDV	DBC	Difference
Max Drawdown Largest peak-to-trough decline	-23.14%	-76.36%	+53.22%
Max Drawdown (1Y) Largest decline over 1 year	-11.38%	-14.42%	+3.04%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.42%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.71%	—
Current Drawdown Current decline from peak	-0.61%	-29.84%	+29.23%
Average Drawdown Average peak-to-trough decline	-5.60%	-46.17%	+40.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.78%	3.33%	+0.45%

Volatility

SCDV vs. DBC - Volatility Comparison

Bahl & Gaynor Small Cap Dividend ETF (SCDV) and Invesco DB Commodity Index Tracking Fund (DBC) have volatilities of 4.68% and 4.63%, 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.

Volatility by Period

	SCDV	DBC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.68%	4.63%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	11.94%	16.19%	-4.25%
Volatility (1Y) Calculated over the trailing 1-year period	15.74%	18.75%	-3.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.05%	19.21%	-0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.05%	17.80%	+1.25%

SCDV vs. DBC - Expense Ratio Comparison

SCDV has a 0.70% expense ratio, which is lower than DBC's 0.85% expense ratio.

Dividends

SCDV vs. DBC - Dividend Comparison

SCDV's dividend yield for the trailing twelve months is around 0.50%, less than DBC's 2.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DBC Invesco DB Commodity Index Tracking Fund	2.74%	3.33%	5.22%	4.94%	0.59%	0.00%	0.00%	1.59%	1.30%
SCDV Bahl & Gaynor Small Cap Dividend ETF	0.50%	0.61%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SCDV and DBC in my portfolio?

SCDV 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.

Which is riskier, SCDV or DBC?

SCDV has higher volatility (4.68%) compared to DBC (4.63%). In terms of maximum drawdown, SCDV dropped -23.14% vs DBC's -76.36%.

Which ETF is better, SCDV or DBC?

On 1-year performance, DBC leads with 25.15% vs 17.63% for SCDV. On fees, SCDV is cheaper at 0.70% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCDV or DBC?

Over the 1-year period, DBC has performed better with a 25.15% return vs 17.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCDV or DBC?

SCDV is cheaper with a 0.70% expense ratio, compared with 0.85% for DBC.

Which ETF pays a higher dividend yield, SCDV or DBC?

DBC has the higher dividend yield at 2.74%, compared with 0.50% for SCDV.

What is the main difference between SCDV and DBC?

SCDV is categorized as Small Cap Blend Equities, while DBC is Commodities. They also come from different issuers: Bahl & Gaynor and Invesco. Their fees differ too: 0.70% for SCDV and 0.85% for DBC.

Which has better risk-adjusted returns?

DBC currently has the higher Sharpe Ratio (1.38 vs 1.13), 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.