UCRD vs. DBC
UCRD (VictoryShares ESG Corporate Bond ETF) and DBC (Invesco DB Commodity Index Tracking Fund) are both exchange-traded funds - UCRD is a Corporate Bonds fund actively managed by Victory, while DBC is a Commodities fund tracking the DBIQ Optimum Yield Diversified Commodity Index Excess Return. UCRD is actively managed, while DBC is passively managed. Over the past 3 years, UCRD returned 5.64%/yr vs 15.09%/yr for DBC. At a correlation of -0.06, they often move in opposite directions. UCRD charges 0.40%/yr vs 0.85%/yr for DBC.
Performance
UCRD vs. DBC - Performance Comparison
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Returns By Period
In the year-to-date period, UCRD achieves a 0.51% return, which is significantly lower than DBC's 35.47% return.
UCRD
- 1D
- -0.21%
- 1M
- 0.46%
- YTD
- 0.51%
- 6M
- 0.37%
- 1Y
- 6.14%
- 3Y*
- 5.64%
- 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%
UCRD vs. DBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UCRD VictoryShares ESG Corporate Bond ETF | 0.51% | 7.90% | 2.68% | 9.27% | -17.13% | 0.30% |
DBC Invesco DB Commodity Index Tracking Fund | 35.47% | 8.10% | 2.18% | -6.19% | 19.34% | -1.24% |
Correlation
The correlation between UCRD and DBC is -0.32, 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 | -0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2021 | -0.06 |
Over the past year, the inverse relationship between UCRD and DBC has strengthened: their correlation has moved from -0.06 to -0.32, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
UCRD vs. DBC — Risk / Return Rank
UCRD
DBC
UCRD vs. DBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares ESG Corporate Bond ETF (UCRD) 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.
| UCRD | DBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.43 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 6.54 | -4.41 |
| Martin ratioReturn relative to average drawdown | 6.62 | 13.91 | -7.29 |
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
| UCRD | DBC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 2.47 | -1.04 |
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 | 0.03 | 0.12 | -0.09 |
Drawdowns
UCRD vs. DBC - Drawdown Comparison
The maximum UCRD drawdown since its inception was -22.37%, smaller than the maximum DBC drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for UCRD and DBC.
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Drawdown Indicators
| UCRD | DBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.37% | -76.36% | +53.99% |
Max Drawdown (1Y)Largest decline over 1 year | -2.90% | -7.05% | +4.15% |
Max Drawdown (3Y)Largest decline over 3 years | -6.54% | -13.82% | +7.28% |
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 | -1.13% | -21.64% | +20.51% |
Average DrawdownAverage peak-to-trough decline | -8.41% | -46.22% | +37.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 3.31% | -2.38% |
Volatility
UCRD vs. DBC - Volatility Comparison
The current volatility for VictoryShares ESG Corporate Bond ETF (UCRD) is 1.46%, while Invesco DB Commodity Index Tracking Fund (DBC) has a volatility of 6.45%. This indicates that UCRD 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
| UCRD | DBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 6.45% | -4.99% |
Volatility (6M)Calculated over the trailing 6-month period | 3.22% | 15.75% | -12.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.32% | 18.68% | -14.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.56% | 19.18% | -11.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.56% | 17.81% | -10.25% |
UCRD vs. DBC - Expense Ratio Comparison
UCRD has a 0.40% expense ratio, which is lower than DBC's 0.85% expense ratio.
Dividends
UCRD vs. DBC - Dividend Comparison
UCRD's dividend yield for the trailing twelve months is around 4.18%, more than DBC's 2.46% yield.
| 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% |
UCRD VictoryShares ESG Corporate Bond ETF | 4.18% | 4.05% | 4.00% | 3.56% | 2.72% | 0.54% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UCRD and DBC have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBC has higher volatility (6.45%) compared to UCRD (1.46%). In terms of maximum drawdown, UCRD dropped -22.37% vs DBC's -76.36%.
On 3-year performance, DBC leads with 15.09% vs 5.64% for UCRD. On fees, UCRD is cheaper at 0.40% per year. On volatility, UCRD has been the lower-risk option at 1.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DBC has performed better with a 15.09% return vs 5.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UCRD is cheaper with a 0.40% expense ratio, compared with 0.85% for DBC.
UCRD has the higher dividend yield at 4.18%, compared with 2.46% for DBC.
UCRD is categorized as Corporate Bonds, while DBC is Commodities. They also come from different issuers: Victory and Invesco. Their fees differ too: 0.40% for UCRD and 0.85% for DBC.
DBC currently has the higher Sharpe Ratio (2.47 vs 1.43), 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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