^BCOM vs. DBC
Compare and contrast key facts about Bloomberg Commodity Index (^BCOM) and Invesco DB Commodity Index Tracking Fund (DBC).
DBC is a passively managed fund by Invesco that tracks the performance of the DBIQ Optimum Yield Diversified Commodity Index Excess Return. It was launched on Feb 3, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^BCOM or DBC.
Correlation
The correlation between ^BCOM and DBC is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
^BCOM vs. DBC - Performance Comparison
Key characteristics
^BCOM:
-0.03
DBC:
-0.31
^BCOM:
-0.32
DBC:
-0.38
^BCOM:
0.96
DBC:
0.96
^BCOM:
-0.06
DBC:
-0.11
^BCOM:
-0.55
DBC:
-0.92
^BCOM:
7.05%
DBC:
5.97%
^BCOM:
12.90%
DBC:
16.04%
^BCOM:
-75.00%
DBC:
-76.36%
^BCOM:
-57.29%
DBC:
-47.54%
Returns By Period
In the year-to-date period, ^BCOM achieves a 2.90% return, which is significantly higher than DBC's -1.96% return. Over the past 10 years, ^BCOM has underperformed DBC with an annualized return of -0.17%, while DBC has yielded a comparatively higher 2.84% annualized return.
^BCOM
2.90%
4.43%
2.32%
-0.43%
10.23%
-0.17%
DBC
-1.96%
3.97%
-3.37%
-4.95%
15.73%
2.84%
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Risk-Adjusted Performance
^BCOM vs. DBC — Risk-Adjusted Performance Rank
^BCOM
DBC
^BCOM vs. DBC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bloomberg Commodity Index (^BCOM) 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.
Drawdowns
^BCOM vs. DBC - Drawdown Comparison
The maximum ^BCOM drawdown since its inception was -75.00%, roughly equal to the maximum DBC drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for ^BCOM and DBC. For additional features, visit the drawdowns tool.
Volatility
^BCOM vs. DBC - Volatility Comparison
The current volatility for Bloomberg Commodity Index (^BCOM) is 4.19%, while Invesco DB Commodity Index Tracking Fund (DBC) has a volatility of 5.82%. This indicates that ^BCOM 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.