TEMP vs. DBC

Last updated Jun 4, 2026

TEMP (JPMorgan Climate Change Solutions ETF) and DBC (Invesco DB Commodity Index Tracking Fund) are both exchange-traded funds - TEMP is a Global Equities fund actively managed by JPMorgan, while DBC is a Commodities fund tracking the DBIQ Optimum Yield Diversified Commodity Index Excess Return. TEMP is actively managed, while DBC is passively managed. At a 0.17 correlation, their price movements are largely independent. TEMP charges 0.49%/yr vs 0.85%/yr for DBC.

Performance

TEMP vs. DBC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Climate Change Solutions ETF (TEMP) and Invesco DB Commodity Index Tracking Fund (DBC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TEMP

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DBC

• 1D: 0.56%
• 1M: -3.32%
• YTD: 35.47%
• 6M: 35.36%
• 1Y: 45.90%
• 3Y*: 15.09%
• 5Y*: 12.78%
• 10Y*: 9.10%

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

TEMP vs. DBC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TEMP JPMorgan Climate Change Solutions ETF	0.00%	18.26%	8.50%	10.19%	-21.11%	1.71%
DBC Invesco DB Commodity Index Tracking Fund	35.47%	8.10%	2.18%	-6.19%	19.34%	3.64%

Correlation

The correlation between TEMP 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	0.10
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021	0.17

The correlation between TEMP and DBC shifts across timeframes, from -0.16 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TEMP vs. DBC — Risk / Return Rank

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

DBC

DBC Risk / Return Rank: 75
DBC Sharpe Ratio Rank: 74
DBC Sortino Ratio Rank: 67
DBC Omega Ratio Rank: 70
DBC Calmar Ratio Rank: 92
DBC Martin Ratio Rank: 72

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.

TEMP vs. DBC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Climate Change Solutions ETF (TEMP) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TEMP	DBC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.47	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.67	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.12	—

Drawdowns

Drawdown Indicators

	TEMP	DBC	Difference
Max Drawdown Largest peak-to-trough decline	—	-76.36%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-7.05%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.82%	—
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	—	-21.64%	—
Average Drawdown Average peak-to-trough decline	—	-46.22%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.31%	—

Volatility

Volatility by Period

	TEMP	DBC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.45%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.75%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	18.68%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	19.18%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	17.81%	—

TEMP vs. DBC - Expense Ratio Comparison

TEMP has a 0.49% expense ratio, which is lower than DBC's 0.85% expense ratio.

Dividends

TEMP vs. DBC - Dividend Comparison

TEMP has not paid dividends to shareholders, while DBC's dividend yield for the trailing twelve months is around 2.46%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DBC Invesco DB Commodity Index Tracking Fund	2.46%	3.33%	5.22%	4.94%	0.59%	0.00%	0.00%	1.59%	1.30%
TEMP JPMorgan Climate Change Solutions ETF	0.00%	0.00%	1.53%	1.11%	1.07%	0.06%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TEMP and DBC in my portfolio?

TEMP 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.

Which ETF is better, TEMP or DBC?

On fees, TEMP is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TEMP or DBC?

TEMP is cheaper with a 0.49% expense ratio, compared with 0.85% for DBC.

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

DBC has the higher dividend yield at 2.46%, compared with 0.00% for TEMP.

What is the main difference between TEMP and DBC?

TEMP is categorized as Global Equities, while DBC is Commodities. They also come from different issuers: JPMorgan and Invesco. Their fees differ too: 0.49% for TEMP and 0.85% for DBC.