SRHQ vs. DBC
SRHQ (SRH U.S. Quality ETF) and DBC (Invesco DB Commodity Index Tracking Fund) are both exchange-traded funds - SRHQ is a Mid Cap Blend Equities fund tracking the SRH US Quality Index - Benchmark TR Gross, while DBC is a Commodities fund tracking the DBIQ Optimum Yield Diversified Commodity Index Excess Return. Both are passively managed. Over the past 3 years, SRHQ returned 15.89%/yr vs 10.49%/yr for DBC. At a 0.09 correlation, their price movements are largely independent. SRHQ charges 0.35%/yr vs 0.85%/yr for DBC.
Performance
SRHQ vs. DBC - Performance Comparison
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Returns By Period
In the year-to-date period, SRHQ achieves a 11.54% return, which is significantly lower than DBC's 23.93% return.
SRHQ
- 1D
- -1.83%
- 1M
- 2.03%
- YTD
- 11.54%
- 6M
- 11.79%
- 1Y
- 22.77%
- 3Y*
- 15.89%
- 5Y*
- —
- 10Y*
- —
DBC
- 1D
- -0.68%
- 1M
- -11.70%
- YTD
- 23.93%
- 6M
- 25.35%
- 1Y
- 24.10%
- 3Y*
- 10.49%
- 5Y*
- 11.33%
- 10Y*
- 7.94%
SRHQ vs. DBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SRHQ SRH U.S. Quality ETF | 11.54% | 7.34% | 16.49% | 21.81% | 5.22% |
DBC Invesco DB Commodity Index Tracking Fund | 23.93% | 8.10% | 2.18% | -6.19% | -1.24% |
Correlation
The correlation between SRHQ and DBC is -0.16, 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 | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2022 | 0.09 |
The correlation between SRHQ and DBC shifts across timeframes, from -0.16 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SRHQ vs. DBC — Risk / Return Rank
SRHQ
DBC
SRHQ vs. DBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SRH U.S. Quality ETF (SRHQ) 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.
| SRHQ | DBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.23 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | 1.93 | +1.70 |
| Martin ratioReturn relative to average drawdown | 12.40 | 6.37 | +6.04 |
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Drawdowns
SRHQ vs. DBC - Drawdown Comparison
The maximum SRHQ drawdown since its inception was -18.50%, smaller than the maximum DBC drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for SRHQ and DBC.
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Drawdown Indicators
| SRHQ | DBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.50% | -76.36% | +57.86% |
Max Drawdown (1Y)Largest decline over 1 year | -6.31% | -12.56% | +6.25% |
Max Drawdown (3Y)Largest decline over 3 years | -18.50% | -13.82% | -4.68% |
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 | -2.14% | -28.31% | +26.17% |
Average DrawdownAverage peak-to-trough decline | -3.05% | -46.18% | +43.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 3.80% | -1.96% |
Volatility
SRHQ vs. DBC - Volatility Comparison
The current volatility for SRH U.S. Quality ETF (SRHQ) is 3.99%, while Invesco DB Commodity Index Tracking Fund (DBC) has a volatility of 5.11%. This indicates that SRHQ 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
| SRHQ | DBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 5.11% | -1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 10.83% | 16.20% | -5.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.80% | 18.80% | -4.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.02% | 19.20% | -3.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.02% | 17.81% | -1.79% |
SRHQ vs. DBC - Expense Ratio Comparison
SRHQ has a 0.35% expense ratio, which is lower than DBC's 0.85% expense ratio.
Dividends
SRHQ vs. DBC - Dividend Comparison
SRHQ's dividend yield for the trailing twelve months is around 0.71%, less than DBC's 2.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBC Invesco DB Commodity Index Tracking Fund | 2.69% | 3.33% | 5.22% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% |
SRHQ SRH U.S. Quality ETF | 0.71% | 0.76% | 0.66% | 0.84% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SRHQ and DBC have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBC has higher volatility (5.11%) compared to SRHQ (3.99%). In terms of maximum drawdown, SRHQ dropped -18.50% vs DBC's -76.36%.
On 3-year performance, SRHQ leads with 15.89% vs 10.49% for DBC. On fees, SRHQ is cheaper at 0.35% per year. On volatility, SRHQ has been the lower-risk option at 3.99%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SRHQ has performed better with a 15.89% return vs 10.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SRHQ is cheaper with a 0.35% expense ratio, compared with 0.85% for DBC.
DBC has the higher dividend yield at 2.69%, compared with 0.71% for SRHQ.
SRHQ is categorized as Mid Cap Blend Equities, while DBC is Commodities. SRHQ tracks SRH US Quality Index - Benchmark TR Gross, while DBC tracks DBIQ Optimum Yield Diversified Commodity Index Excess Return. They also come from different issuers: SRH and Invesco. Their fees differ too: 0.35% for SRHQ and 0.85% for DBC.
SRHQ currently has the higher Sharpe Ratio (1.55 vs 1.29), 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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