XOEF vs. DBC
XOEF (iShares S&P 500 ex S&P 100 ETF) and DBC (Invesco DB Commodity Index Tracking Fund) are both exchange-traded funds - XOEF is a S&P 500 fund tracking the S&P 500 Ex-S&P 100 Select Index, while DBC is a Commodities fund tracking the DBIQ Optimum Yield Diversified Commodity Index Excess Return. Both are passively managed. At a correlation of -0.08, they often move in opposite directions. XOEF charges 0.20%/yr vs 0.85%/yr for DBC.
Performance
XOEF vs. DBC - Performance Comparison
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Returns By Period
In the year-to-date period, XOEF achieves a 16.44% return, which is significantly lower than DBC's 18.78% return.
XOEF
- 1D
- 0.79%
- 1M
- 3.14%
- YTD
- 16.44%
- 6M
- 15.13%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DBC
- 1D
- -0.04%
- 1M
- -9.91%
- YTD
- 18.78%
- 6M
- 18.10%
- 1Y
- 25.94%
- 3Y*
- 10.15%
- 5Y*
- 9.66%
- 10Y*
- 7.29%
XOEF vs. DBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XOEF iShares S&P 500 ex S&P 100 ETF | 16.44% | 4.27% |
DBC Invesco DB Commodity Index Tracking Fund | 18.78% | 3.51% |
Correlation
The correlation between XOEF and DBC is -0.08, 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 (All Time) Calculated using the full available price history since Jul 9, 2025 | -0.08 |
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Return for Risk
XOEF vs. DBC — Risk / Return Rank
XOEF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DBC
XOEF vs. DBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 ex S&P 100 ETF (XOEF) 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.
| XOEF | DBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.58 | — |
| Martin ratioReturn relative to average drawdown | — | 6.71 | — |
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Drawdowns
XOEF vs. DBC - Drawdown Comparison
The maximum XOEF drawdown since its inception was -7.66%, smaller than the maximum DBC drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for XOEF and DBC.
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Drawdown Indicators
| XOEF | DBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.66% | -76.36% | +68.70% |
Max Drawdown (1Y)Largest decline over 1 year | — | -16.54% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.54% | — |
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 | 0.00% | -31.29% | +31.29% |
Average DrawdownAverage peak-to-trough decline | -1.27% | -46.16% | +44.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.88% | — |
Volatility
XOEF vs. DBC - Volatility Comparison
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Volatility by Period
| XOEF | DBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.23% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.48% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.89% | 18.53% | -5.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.89% | 19.26% | -6.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.89% | 17.82% | -4.93% |
XOEF vs. DBC - Expense Ratio Comparison
XOEF has a 0.20% expense ratio, which is lower than DBC's 0.85% expense ratio.
Dividends
XOEF vs. DBC - Dividend Comparison
XOEF's dividend yield for the trailing twelve months is around 1.04%, less than DBC's 2.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBC Invesco DB Commodity Index Tracking Fund | 2.80% | 3.33% | 5.22% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% |
XOEF iShares S&P 500 ex S&P 100 ETF | 1.04% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XOEF and DBC have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XOEF is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XOEF is cheaper with a 0.20% expense ratio, compared with 0.85% for DBC.
DBC has the higher dividend yield at 2.80%, compared with 1.04% for XOEF.
XOEF is categorized as S&P 500, while DBC is Commodities. XOEF tracks S&P 500 Ex-S&P 100 Select Index, while DBC tracks DBIQ Optimum Yield Diversified Commodity Index Excess Return. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for XOEF and 0.85% for DBC.
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