WMT vs. DBC
WMT (Walmart Inc.) is a stock, while DBC (Invesco DB Commodity Index Tracking Fund) is Commodities fund tracking the DBIQ Optimum Yield Diversified Commodity Index Excess Return. Over the past 10 years, WMT returned 18.40%/yr vs 9.54%/yr for DBC. Their 0.05 correlation means their historical movements had little consistent relationship.
Performance
WMT vs. DBC - Performance Comparison
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Returns By Period
In the year-to-date period, WMT achieves a 0.21% return, which is significantly lower than DBC's 31.71% return. Over the past 10 years, WMT has outperformed DBC with an annualized return of 18.40%, while DBC has yielded a comparatively lower 9.54% annualized return.
WMT
- 1D
- 0.09%
- 1M
- 2.19%
- 6M
- -6.30%
- YTD
- 0.21%
- 1Y
- 14.44%
- 3Y*
- 29.39%
- 5Y*
- 20.06%
- 10Y*
- 18.40%
- ALL TIME*
- 18.36%
DBC
- 1D
- 0.44%
- 1M
- 11.34%
- 6M
- 20.55%
- YTD
- 31.71%
- 1Y
- 35.60%
- 3Y*
- 11.07%
- 5Y*
- 11.66%
- 10Y*
- 9.54%
- ALL TIME*
- 2.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $27.92M | $29.19M | $34.33M | |
WMT Walmart Inc. | $2.47B | $2.41B | $2.70B |
WMT vs. DBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WMT Walmart Inc. | 0.21% | 24.49% | 73.99% | 12.88% | -0.46% | 1.97% | 23.32% | 30.16% | -3.43% | 46.56% |
DBC Invesco DB Commodity Index Tracking Fund | 31.71% | 8.10% | 2.18% | -6.19% | 19.34% | 41.36% | -7.84% | 11.84% | -11.63% | 4.86% |
Correlation
The correlation between WMT and DBC is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.02 |
Correlation (3Y) Balances recent behavior with more history. | 0.00 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.02 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2006 | 0.05 |
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Return for Risk
WMT vs. DBC — Risk / Return Rank
WMT
DBC
WMT vs. DBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Walmart Inc. (WMT) 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.
| WMT | DBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.31 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 2.16 | -1.41 |
| Martin ratioReturn relative to average drawdown | 1.96 | 7.20 | -5.24 |
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Drawdowns
WMT vs. DBC - Drawdown Comparison
The maximum WMT drawdown since its inception was -77.14%, roughly equal to the maximum DBC drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for WMT and DBC.
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Drawdown Indicators
| WMT | DBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.14% | -76.36% | -0.78% |
Max Drawdown (1Y)Largest decline over 1 year | -19.23% | -16.54% | -2.69% |
Max Drawdown (3Y)Largest decline over 3 years | -21.93% | -16.54% | -5.39% |
Max Drawdown (5Y)Largest decline over 5 years | -25.74% | -27.34% | +1.60% |
Max Drawdown (10Y)Largest decline over 10 years | -25.74% | -41.71% | +15.97% |
Current DrawdownCurrent decline from peak | -17.14% | -23.81% | +6.67% |
Average DrawdownAverage peak-to-trough decline | -14.63% | -46.07% | +31.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.39% | 5.00% | +2.39% |
Volatility
WMT vs. DBC - Volatility Comparison
Walmart Inc. (WMT) and Invesco DB Commodity Index Tracking Fund (DBC) have volatilities of 6.81% and 7.01%, 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.
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Volatility by Period
| WMT | DBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.81% | 7.01% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 19.61% | 17.35% | +2.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.77% | 19.58% | +5.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.96% | 19.31% | +2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.90% | 17.87% | +4.03% |
Dividends
WMT vs. DBC - Dividend Comparison
WMT's dividend yield for the trailing twelve months is around 0.87%, less than DBC's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBC Invesco DB Commodity Index Tracking Fund | 2.53% | 3.33% | 5.22% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% | 0.00% | 0.00% | 0.00% |
WMT Walmart Inc. | 0.87% | 0.84% | 0.92% | 1.45% | 1.58% | 1.52% | 1.50% | 1.78% | 2.23% | 2.07% | 2.89% | 3.20% |
Frequently Asked Questions
WMT and DBC have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBC has higher volatility (7.01%) compared to WMT (6.81%). In terms of maximum drawdown, WMT dropped -77.14% vs DBC's -76.36%.
DBC currently has the higher Sharpe Ratio (1.83 vs 0.59), 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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