SXR4.DE vs. DBC
SXR4.DE (iShares MSCI USA UCITS ETF (Acc)) and DBC (Invesco DB Commodity Index Tracking Fund) are both exchange-traded funds - SXR4.DE is a Large Cap Blend Equities fund tracking the MSCI USA, 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, SXR4.DE returned 14.76%/yr vs 8.33%/yr for DBC. At a 0.27 correlation, their price movements are largely independent. SXR4.DE charges 0.07%/yr vs 0.85%/yr for DBC.
Performance
SXR4.DE vs. DBC - Performance Comparison
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Different Trading Currencies
SXR4.DE is traded in EUR, while DBC is traded in USD. To make them comparable, the DBC values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SXR4.DE achieves a 11.29% return, which is significantly lower than DBC's 33.29% return. Over the past 10 years, SXR4.DE has outperformed DBC with an annualized return of 14.76%, while DBC has yielded a comparatively lower 8.33% annualized return.
SXR4.DE
- 1D
- -0.10%
- 1M
- 5.37%
- YTD
- 11.29%
- 6M
- 11.25%
- 1Y
- 25.25%
- 3Y*
- 19.00%
- 5Y*
- 14.32%
- 10Y*
- 14.76%
DBC
- 1D
- -1.39%
- 1M
- -1.33%
- YTD
- 33.29%
- 6M
- 30.86%
- 1Y
- 39.73%
- 3Y*
- 10.99%
- 5Y*
- 13.20%
- 10Y*
- 8.33%
SXR4.DE vs. DBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXR4.DE iShares MSCI USA UCITS ETF (Acc) | 11.29% | 4.62% | 32.33% | 23.44% | -15.85% | 38.32% | 9.25% | 34.28% | -1.46% | 6.54% |
DBC Invesco DB Commodity Index Tracking Fund | 33.29% | -4.72% | 8.93% | -9.01% | 26.73% | 51.93% | -15.43% | 14.37% | -7.48% | -8.03% |
Correlation
The correlation between SXR4.DE and DBC is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2010 | 0.27 |
The correlation between SXR4.DE and DBC shifts across timeframes, from -0.01 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SXR4.DE vs. DBC — Risk / Return Rank
SXR4.DE
DBC
SXR4.DE vs. DBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA UCITS ETF (Acc) (SXR4.DE) 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.
| SXR4.DE | DBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.33 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 4.81 | -1.39 |
| Martin ratioReturn relative to average drawdown | 11.92 | 9.90 | +2.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SXR4.DE | DBC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 1.92 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 0.66 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | 0.45 | +0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.15 | +0.63 |
Drawdowns
SXR4.DE vs. DBC - Drawdown Comparison
The maximum SXR4.DE drawdown since its inception was -34.16%, smaller than the maximum DBC drawdown of -65.73%. Use the drawdown chart below to compare losses from any high point for SXR4.DE and DBC.
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Drawdown Indicators
| SXR4.DE | DBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.16% | -65.73% | +31.57% |
Max Drawdown (1Y)Largest decline over 1 year | -7.36% | -8.30% | +0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -23.63% | -17.61% | -6.02% |
Max Drawdown (5Y)Largest decline over 5 years | -23.63% | -29.98% | +6.35% |
Max Drawdown (10Y)Largest decline over 10 years | -34.16% | -38.20% | +4.04% |
Current DrawdownCurrent decline from peak | -0.40% | -6.83% | +6.43% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -35.98% | +30.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 4.02% | -1.91% |
Volatility
SXR4.DE vs. DBC - Volatility Comparison
The current volatility for iShares MSCI USA UCITS ETF (Acc) (SXR4.DE) is 2.73%, while Invesco DB Commodity Index Tracking Fund (DBC) has a volatility of 6.32%. This indicates that SXR4.DE 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
| SXR4.DE | DBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 6.32% | -3.59% |
Volatility (6M)Calculated over the trailing 6-month period | 7.68% | 16.97% | -9.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.70% | 20.78% | -9.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.42% | 19.99% | -4.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.23% | 18.55% | -2.32% |
SXR4.DE vs. DBC - Expense Ratio Comparison
SXR4.DE has a 0.07% expense ratio, which is lower than DBC's 0.85% expense ratio.
Dividends
SXR4.DE vs. DBC - Dividend Comparison
SXR4.DE has not paid dividends to shareholders, while DBC's dividend yield for the trailing twelve months is around 2.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBC Invesco DB Commodity Index Tracking Fund | 2.55% | 3.33% | 5.22% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% |
SXR4.DE iShares MSCI USA UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SXR4.DE and DBC have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXR4.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXR4.DE is cheaper with a 0.07% expense ratio, compared with 0.85% for DBC.
SXR4.DE is categorized as Large Cap Blend Equities, while DBC is Commodities. SXR4.DE tracks MSCI USA, while DBC tracks DBIQ Optimum Yield Diversified Commodity Index Excess Return. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.07% for SXR4.DE and 0.85% for DBC.
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