Invesco DB Commodity Index Tracking Fund (DBC)
Market Price (5/22/2026): $30.71
Invesco DB Commodity Index Tracking Fund (DBC)
Market Price (5/22/2026): $30.71
Asset Allocation with DBC
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| DBC Return | 41% | 19% | -11% | -3% | 5% | 38% | 110% |
| Peers Return | 34% | 18% | -5% | 6% | 7% | 34% | 128% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 98% |
Monthly Win Rates [3] | |||||||
| DBC Win Rate | 75% | 58% | 33% | 42% | 75% | 80% | |
| Peers Win Rate | 75% | 62% | 28% | 50% | 68% | 84% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| DBC Max Drawdown | -12% | -23% | -14% | -13% | -12% | -7% | |
| Peers Max Drawdown | -11% | -22% | -10% | -11% | -12% | -7% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: PDBC, COMT, GSG, BCI, FTGC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/21/2026 (YTD)
Sharpe Ratios Compared
One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.
Results as of 4302026.How Low Can It Go
| Event | DBC | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -12.2% | -18.8% |
| % Gain to Breakeven | 13.8% | 23.1% |
| Time to Breakeven | 70 days | 79 days |
| 2020 COVID-19 Crash | ||
| % Loss | -29.5% | -33.7% |
| % Gain to Breakeven | 41.9% | 50.9% |
| Time to Breakeven | 253 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -22.4% | -19.2% |
| % Gain to Breakeven | 28.8% | 23.8% |
| Time to Breakeven | 864 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -22.2% | -12.2% |
| % Gain to Breakeven | 28.5% | 13.9% |
| Time to Breakeven | 139 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -52.5% | -6.8% |
| % Gain to Breakeven | 110.7% | 7.3% |
| Time to Breakeven | 2233 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -16.8% | -17.9% |
| % Gain to Breakeven | 20.3% | 21.8% |
| Time to Breakeven | 5321 days | 123 days |
In The Past
Invesco DB Commodity Index Tracking Fund's stock fell -12.2% during the 2025 US Tariff Shock. Such a loss loss requires a 13.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | DBC | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -29.5% | -33.7% |
| % Gain to Breakeven | 41.9% | 50.9% |
| Time to Breakeven | 253 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -22.4% | -19.2% |
| % Gain to Breakeven | 28.8% | 23.8% |
| Time to Breakeven | 864 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -22.2% | -12.2% |
| % Gain to Breakeven | 28.5% | 13.9% |
| Time to Breakeven | 139 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -52.5% | -6.8% |
| % Gain to Breakeven | 110.7% | 7.3% |
| Time to Breakeven | 2233 days | 15 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -42.4% | -53.4% |
| % Gain to Breakeven | 73.6% | 114.4% |
| Time to Breakeven | 767 days | 1085 days |
In The Past
Invesco DB Commodity Index Tracking Fund's stock fell -12.2% during the 2025 US Tariff Shock. Such a loss loss requires a 13.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Current Dip Buy Opportunities Across ETFs
ETFs currently down 5% or more from trailing 6M peaks.
| Ticker | Name | Dip % | Mkt Price | Price Date | Peak Price | Peak Date | # Days |
|---|---|---|---|---|---|---|---|
| NOBL | ProShares S&P 500 Dividend Aristocrats ETF | -5.9% | 107.32 | 5212026 | 114.03 | 3012026 | 81 |
| JEPI | JPMorgan Equity Premium Income ETF | -5.1% | 56.08 | 5212026 | 59.09 | 3012026 | 81 |
| ARKK | ARK Innovation ETF | -7.9% | 76.62 | 5212026 | 83.21 | 1132026 | 128 |
| URA | Global X Uranium ETF | -21.0% | 48.86 | 5212026 | 61.81 | 1282026 | 113 |
| LIT | Global X Lithium & Battery Tech ETF | -7.9% | 84.38 | 5212026 | 91.62 | 5112026 | 10 |
| CGBL | Capital Group Core Balanced ETF | -6.2% | 34.41 | 5212026 | 36.67 | 2252026 | 85 |
| XLF | State Street Financial Select Sector SPDR ETF | -7.8% | 51.73 | 5212026 | 56.11 | 1062026 | 135 |
| XLV | State Street Health Care Select Sector SPDR ETF | -7.1% | 148.15 | 5212026 | 159.54 | 3012026 | 81 |
| XLE | State Street Energy Select Sector SPDR ETF | -5.5% | 59.13 | 5212026 | 62.56 | 3292026 | 53 |
| XLP | State Street Consumer Staples Select Sector SPDR ETF | -5.4% | 84.66 | 5212026 | 89.51 | 3012026 | 81 |
| XLU | State Street Utilities Select Sector SPDR ETF | -5.1% | 45.00 | 5212026 | 47.40 | 3012026 | 81 |
| XLB | State Street Materials Select Sector SPDR ETF | -6.3% | 50.02 | 5212026 | 53.38 | 2112026 | 99 |
| ITA | iShares U.S. Aerospace & Defense ETF | -10.9% | 223.15 | 5212026 | 250.42 | 3022026 | 80 |
| XOP | State Street SPDR S&P Oil & Gas Exploration & Production ETF | -9.3% | 170.65 | 5212026 | 188.18 | 3292026 | 53 |
| TLT | iShares 20+ Year Treasury Bond ETF | -6.6% | 84.22 | 5212026 | 90.16 | 3012026 | 81 |
| VGLT | Vanguard Long-Term Treasury ETF | -5.7% | 53.91 | 5212026 | 57.20 | 3012026 | 81 |
| SPTL | State Street SPDR Portfolio Long Term Treasury ETF | -6.1% | 25.61 | 5212026 | 27.28 | 3012026 | 81 |
| TLH | iShares 10-20 Year Treasury Bond ETF | -5.7% | 98.34 | 5212026 | 104.25 | 3012026 | 81 |
| EDV | Vanguard World Funds Extended Duration ETF | -9.1% | 62.11 | 5212026 | 68.33 | 3012026 | 81 |
| GSG | iShares GSCI Commodity | -5.8% | 30.01 | 5212026 | 31.85 | 3182026 | 64 |
| GLD | SPDR Gold Trust | -15.9% | 416.99 | 5212026 | 495.90 | 1292026 | 112 |
| IAU | iShares Gold Trust | -15.9% | 85.43 | 5212026 | 101.57 | 1292026 | 112 |
| GLDM | SPDR Gold MiniShares Trust | -15.8% | 89.87 | 5212026 | 106.77 | 1292026 | 112 |
| SGOL | ETFS Physical Swiss Gold Shares | -13.1% | 44.66 | 5212026 | 51.41 | 1292026 | 112 |
| BAR | Direxion Daily Gold Bull 3X Shares | -16.6% | 44.34 | 5212026 | 53.16 | 1292026 | 112 |
| SLV | iShares Silver Trust | -34.2% | 69.45 | 5212026 | 105.60 | 1282026 | 113 |
| SIVR | ETFS Physical Silver Shares Trust ETF | -24.8% | 83.39 | 5212026 | 110.87 | 1282026 | 113 |
| PPLT | ETFS Physical Platinum Shares | -29.3% | 17.84 | 5212026 | 25.23 | 1252026 | 116 |
| CPER | United States Copper Index Fund ETV | -13.9% | 33.33 | 5212026 | 38.71 | 1292026 | 112 |
| PALL | ETFS Physical Palladium Shares | -32.2% | 25.22 | 5212026 | 37.18 | 1282026 | 113 |
| USO | United States Oil Fund LP | -6.8% | 142.54 | 5212026 | 152.96 | 5192026 | 2 |
| UNG | United States Natural Gas Fund LP | -33.0% | 11.33 | 5212026 | 16.90 | 2012026 | 109 |
| BNO | United States Brent Oil Fund LP ETV | -7.1% | 55.85 | 5212026 | 60.13 | 5042026 | 17 |
| IBIT | iShares Bitcoin Trust ETF | -20.6% | 44.00 | 5212026 | 55.44 | 1142026 | 127 |
| FBTC | Fidelity Wise Origin Bitcoin Fund | -20.6% | 67.56 | 5212026 | 85.12 | 1142026 | 127 |
| GBTC | Grayscale Bitcoin Trust ETF | -19.0% | 61.84 | 5212026 | 76.31 | 1142026 | 127 |
| ETHA | iShares Ethereum Trust ETF | -36.9% | 16.15 | 5212026 | 25.59 | 1142026 | 127 |
About DBC
| Holdings Count: 30Expense Ratio: 0.89%Inception Date: 2006-02-03 | Invesco DB Commodity Index Tracking FundThe Invesco DB Commodity Index Tracking (Fund) seeks to track changes, whether positive or negative, in the level of the DBIQ Optimum Yield Diversified Commodity Index Excess Return (DBIQ Opt Yield Diversified Comm Index ER or Index) plus the interest income from the Fund's holdings of primarily US Treasury securities and money market income less the Fund's expenses. The Fund is designed for investors who want a cost-effective and convenient way to invest in commodity futures. The Index is a rules-based index composed of futures contracts on 14 of the most heavily traded and important physical commodities in the world. The Fund and the Index are rebalanced and reconstituted annually in November.This Fund is not suitable for all investors due to the speculative nature of an investment based upon the Fund's trading which takes place in very volatile markets. Because an investment in futures contracts is volatile, such frequency in the movement in market prices of the underlying futures contracts could cause large losses. Please see "Risk and Other Information" and the Prospectus for additional risk disclosures.For this fund's qualified notices for IRS Section 1446(f) Rule regarding Publicly Traded Partnerships (PTPs), please visit our ETF tax centerForm 1065 Schedule K-3 FAQ for Invesco DB Funds (Securities Act of 1933)Asset Class: Alternatives | ETF Website |
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