DBC — Invesco DB Commodity Index Tracking Fund
Commodities Ranked #75 of 120 tracked ETFs · Issued by Invesco
Overview
The Invesco DB Commodity Index Tracking Fund, identified by the ticker DBC, operates within the Commodities category managed by issuer Invesco. With assets under management totaling $1.58 billion and a share price of $27.80, the fund represents a significant presence among the 5 ETFs tracked by ETFValuer in this specific sector. It holds an overall rank of #75 out of 120 tracked ETFs across all categories, receiving an ETFValuer grade of C with a score of 58.5 out of 100. The fund carries an expense ratio of 0.85% while offering a dividend yield of 2.72% to investors. These metrics suggest a moderate level of investor adoption relative to its category peers, balancing cost and income generation against its broader market ranking. The combination of a substantial asset base and a mid-tier grade indicates a fund that is established but faces competitive pressures within the commodities space.
Recent performance data reveals a mixed trajectory for DBC, starting with a 1-day return of +1.65% and a 1-week gain of +4.28%. However, the fund experienced a contraction over the next two periods, posting a 1-month return of -4.89% and a 3-month return of -5.35%. A significant shift occurred in the second half of the year, as the 6-month return surged to +21.88%, driving the year-to-date figure to +24.16%. This upward momentum continued into the longer term, with the 1-year return reaching +29.09% and the 3-year return accumulating to +33.43%. The pattern illustrates a divergence where short-term volatility was followed by a strong acceleration in returns over the 6-month to 3-year horizons.
DBC is assigned a Moderate volatility label and exhibits a beta of 1.05, indicating that the fund's price movements tend to align closely with the broader market while maintaining slightly higher sensitivity. The fund has demonstrated a Sharpe ratio of 1.29, suggesting that the returns generated have been efficient relative to the risk taken during the measured period. Despite these positive risk-adjusted metrics, the fund has experienced a maximum drawdown of -16.54%, highlighting the potential for significant temporary losses during market downturns. This combination of moderate volatility and a beta slightly above 1.0 implies that the fund may amplify market moves in both directions. The Sharpe ratio of 1.29 indicates that the fund has historically compensated investors well for the volatility and drawdown risks encountered.
AI-generated summary based on the data on this page.
Market Backdrop
10-Year Treasury Yield: 4.55% (as of 2026-07-07) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.
CBOE Volatility Index (VIX): 16.13 (as of 2026-07-07) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.
Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
DBC Performance History
| Period | Return |
|---|---|
| 1-Day | +1.65% |
| 1-Week | +4.28% |
| 1-Month | -4.89% |
| 3-Month | -5.35% |
| 6-Month | +21.88% |
| YTD | +24.16% |
| 1-Year | +29.09% |
| 3-Year | +33.43% |
How DBC Compares to Other Commodities ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #57 | C |
PDBC | Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | +29.91% | 0.59% | $5.33B |
| #62 | C |
SLV | iShares Silver Trust | +58.03% | 0.5% | $28.2B |
| #65 | C |
IAU | iShares Gold Trust | +21.96% | 0.25% | $60.1B |
| #72 | C |
GLD | SPDR Gold Shares | +21.82% | 0.4% | $130B |
| #75 | C |
DBC | Invesco DB Commodity Index Tracking Fund | +29.09% | 0.85% | $1.58B |