Data Source: from March 1970 to July 2022
Consolidated Returns as of 31 Jul 2022
Live Update: Aug 15 2022
Category: Commodities
ETF: Invesco DB Commodity Tracking (DBC)
ETF • LIVE PERFORMANCE (USD currency)
1.23%
1 Day
Aug 15 2022
1.30%
Current Month
August 2022

In the last 30 Years, the Invesco DB Commodity Tracking (DBC) ETF obtained a 4.07% compound annual return, with a 18.69% standard deviation.

The ETF is related to the following investment themes:

  • Asset Class: Commodity
  • Commodity: Broad Diversified

The Invesco DB Commodity Tracking (DBC) ETF is part of the following Lazy Portfolios:

Portfolio Name Author DBC Weight
Five Asset Roger Gibson 20.0%
Rob Arnott Portfolio Rob Arnott 10.0%

Historical Returns as of Jul 31, 2022

Historical returns and stats of Invesco DB Commodity Tracking (DBC) ETF. Total Returns and Inflation Adjusted Returns are both mentioned.

INVESCO DB COMMODITY TRACKING (DBC) ETF
Consolidated returns as of 31 Jul 2022
Data Source: from March 1970 to July 2022
Swipe left to see all data
Period Return (%)
as of Jul 2022
Return (%)
Infl.Adj.
Standard
Deviation (%)
Max
Drawdown (%)
Months
Pos - Neg
1M
Jul 2022
-1.99
-1.98
-1.99
Jul 2022 - Jul 2022
0 - 1
3M
-5.16
-7.45
-9.34
Jun 2022 - Jul 2022
1 - 2
6M
16.46
10.51
-9.34
Jun 2022 - Jul 2022
4 - 2
YTD
25.65
18.24
-9.34
Jun 2022 - Jul 2022
5 - 2
1Y
33.90
23.38
20.08
-9.34
Jun 2022 - Jul 2022
8 - 4
67% pos
3Y(*)
19.49
13.89
21.35
-31.66
Jan 2020 - Apr 2020
23 - 13
64% pos
5Y(*)
12.31
8.10
18.67
-37.77
Jun 2018 - Apr 2020
38 - 22
63% pos
10Y(*)
-0.14
-2.67
17.12
-61.03
Sep 2012 - Apr 2020
61 - 59
51% pos
15Y(*)
0.44
-1.89
19.97
-74.54
Jul 2008 - Apr 2020
90 - 90
50% pos
20Y(*)
4.52
1.95
19.23
-74.54
Jul 2008 - Apr 2020
129 - 111
54% pos
25Y(*)
3.57
1.06
19.79
-74.54
Jul 2008 - Apr 2020
157 - 143
52% pos
30Y(*)
4.07
1.52
18.69
-74.54
Jul 2008 - Apr 2020
193 - 167
54% pos
MAX(*)
01 Mar 1970
8.65
4.47
18.63
-74.54
Jul 2008 - Apr 2020
351 - 278
56% pos
(*) Returns over 1 year are annualized

US Inflation is updated to Jul 2022. Current inflation (annualized) is 1Y: 8.52% , 5Y: 3.89% , 10Y: 2.60% , 30Y: 2.52%

ETF Returns, up to December 2006, are simulated. They have been calculated using the historical series of equivalent ETFs / Assets.

Correlations as of Jul 31, 2022

Monthly correlations of Invesco DB Commodity Tracking (DBC) ETF vs the main Asset Classes, over different timeframes.

Columns are sortable (click on table header to sort).

INVESCO DB COMMODITY TRACKING (DBC) ETF
Monthly correlations as of 31 Jul 2022
Swipe left to see all data
Correlation vs DBC
 
Asset Class 1 Year 5 Years 10 Years 30 Years Since
Jan 1992
US Total Stock Market
VTI
0.06
0.50
0.42
0.33
0.33
US Large Cap
SPY
0.07
0.48
0.41
0.32
0.32
US Small Cap
IJR
0.09
0.58
0.47
0.36
0.36
US REITs
VNQ
0.14
0.43
0.21
0.26
0.26
US Technology
QQQ
-0.14
0.33
0.27
0.23
0.23
Preferred Stocks
PFF
0.06
0.37
0.25
0.22
0.22
EAFE Stocks
EFA
0.28
0.63
0.50
0.43
0.43
World All Countries
VT
0.14
0.57
0.49
0.40
0.40
Emerging Markets
EEM
0.19
0.53
0.47
0.38
0.38
Europe
VGK
0.28
0.64
0.51
0.40
0.40
Pacific
VPL
0.26
0.58
0.43
0.41
0.41
Latin America
FLLA
0.46
0.56
0.53
0.41
0.41
US Total Bond Market
BND
-0.38
-0.22
-0.20
0.02
0.02
Long Term Treasuries
TLT
-0.56
-0.49
-0.43
-0.19
-0.19
US Cash
BIL
-0.20
-0.43
-0.14
0.03
0.03
TIPS
TIP
-0.17
-0.02
0.03
0.25
0.24
Investment Grade Bonds
LQD
-0.24
0.08
0.04
0.13
0.13
High Yield Bonds
HYG
0.10
0.45
0.44
0.32
0.32
International Bond Market
BNDX
-0.49
-0.23
-0.24
0.06
0.06
Emerging Market Bonds
EMB
0.01
0.39
0.31
0.26
0.26
Gold
GLD
0.30
0.01
0.17
0.29
0.29

Capital Growth as of Jul 31, 2022

An investment of 1000$, since August 1992, now would be worth 3314.26$, with a total return of 231.43% (4.07% annualized).

The Inflation Adjusted Capital now would be 1571.69$, with a net total return of 57.17% (1.52% annualized).
An investment of 1000$, since March 1970, now would be worth 77295.41$, with a total return of 7629.54% (8.65% annualized).

The Inflation Adjusted Capital now would be 9913.82$, with a net total return of 891.38% (4.47% annualized).

Drawdowns

Worst drawdowns since August 1992.

Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-74.54% Jul 2008 Apr 2020 142 in progress 27 169
-48.26% Nov 1997 Feb 1999 16 Jun 2000 16 32
-35.42% Dec 2000 Jan 2002 14 Jan 2003 12 26
-16.12% Apr 1993 Dec 1993 9 Dec 1995 24 33
-10.85% Mar 2003 Apr 2003 2 Oct 2003 6 8
-9.78% Dec 2006 Jan 2007 2 Sep 2007 8 10
-9.46% Oct 2005 Mar 2006 6 Nov 2006 8 14
-9.07% Jan 1997 Jun 1997 6 Oct 1997 4 10
-7.68% Jul 2000 Jul 2000 1 Aug 2000 1 2
-7.31% Apr 2004 Jun 2004 3 Sep 2004 3 6
-5.14% Nov 2004 Dec 2004 2 Feb 2005 2 4
-4.73% Jul 1996 Jul 1996 1 Sep 1996 2 3
-4.60% Apr 2005 May 2005 2 Aug 2005 3 5
-3.45% Oct 1992 Nov 1992 2 Mar 1993 4 6
-1.37% Sep 2000 Sep 2000 1 Nov 2000 2 3
-0.91% Mar 2008 Mar 2008 1 Apr 2008 1 2
-0.79% May 1996 May 1996 1 Jun 1996 1 2
-0.62% Nov 2007 Nov 2007 1 Dec 2007 1 2
-0.25% Oct 1996 Oct 1996 1 Nov 1996 1 2
-0.16% Jan 1996 Jan 1996 1 Feb 1996 1 2

Worst drawdowns since March 1970.

Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-74.54% Jul 2008 Apr 2020 142 in progress 27 169
-48.26% Nov 1997 Feb 1999 16 Jun 2000 16 32
-37.42% Dec 1974 Jul 1977 32 Jan 1979 18 50
-35.42% Dec 2000 Jan 2002 14 Jan 2003 12 26
-29.73% Nov 1980 Dec 1981 14 Oct 1985 46 60
-26.04% Oct 1990 Dec 1993 39 Mar 1996 27 66
-17.02% Feb 1974 May 1974 4 Jul 1974 2 6
-14.77% Feb 1980 Mar 1980 2 Jul 1980 4 6
-14.01% Dec 1985 Mar 1986 4 Nov 1986 8 12
-10.85% Mar 2003 Apr 2003 2 Oct 2003 6 8
-10.08% Sep 1973 Oct 1973 2 Dec 1973 2 4
-9.78% Dec 2006 Jan 2007 2 Sep 2007 8 10
-9.46% Oct 2005 Mar 2006 6 Nov 2006 8 14
-9.07% Jan 1997 Jun 1997 6 Oct 1997 4 10
-7.68% Jul 2000 Jul 2000 1 Aug 2000 1 2
-7.46% May 1979 Jul 1979 3 Aug 1979 1 4
-7.31% Apr 2004 Jun 2004 3 Sep 2004 3 6
-6.00% Feb 1987 Feb 1987 1 Mar 1987 1 2
-5.53% Jun 1988 Sep 1988 4 Nov 1988 2 6
-5.14% Nov 2004 Dec 2004 2 Feb 2005 2 4

Rolling Returns ( more details)

Invesco DB Commodity Tracking (DBC) ETF: annualized rolling and average returns

Swipe left to see all data
Rolling
Period
Return (*) Negative
Periods
Average (%) Best (%) Worst (%)
1 Year
11.17 106.86
Aug 1972 - Jul 1973
-48.67
Jul 2008 - Jun 2009
34.14%
2 Years
9.55 71.21
Nov 1972 - Oct 1974
-30.15
Mar 2014 - Feb 2016
32.84%
3 Years
8.61 58.15
Nov 1971 - Oct 1974
-23.43
Feb 2013 - Jan 2016
27.95%
5 Years
7.60 31.37
Sep 1970 - Aug 1975
-15.57
Mar 2011 - Feb 2016
20.00%
7 Years
7.22 22.07
Mar 1972 - Feb 1979
-12.41
Aug 2008 - Jul 2015
18.50%
10 Years
7.37 21.88
Nov 1970 - Oct 1980
-8.73
Jul 2008 - Jun 2018
17.84%
15 Years
7.76 14.63
Nov 1976 - Oct 1991
-4.32
Apr 2005 - Mar 2020
9.11%
20 Years
8.10 17.34
Oct 1970 - Sep 1990
0.06
Nov 2000 - Oct 2020
0.00%
(*) Annualized rolling and average returns over full calendar month periods

If you need a deeper detail about rolling returns, please refer to the Invesco DB Commodity Tracking (DBC) ETF: Rolling Returns page.

Seasonality

Invesco DB Commodity Tracking (DBC) ETF: in which months is it better to invest?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.

For further information about the seasonality, check the Asset Class Seasonality page.
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Win %
0.57
60%
0.77
48%
1.28
60%
1.92
68%
0.72
49%
0.20
47%
0.99
60%
1.83
63%
1.27
60%
-0.14
52%
-0.20
52%
0.82
50%
Best
Year
11.2
1974
11.1
2008
16.9
1999
9.7
2016
18.2
1973
12.4
1974
25.8
1973
16.6
1990
22.9
1990
9.0
1974
10.2
2020
10.5
1973
Worst
Year
-15.6
1975
-10.4
1975
-17.3
2020
-6.2
2004
-11.2
2012
-9.3
1978
-12.6
2015
-6.7
1994
-14.6
2011
-25.1
2008
-12.4
2008
-9.6
2014
Statistics calculated for the period Mar 1970 - Jul 2022

Monthly/Yearly Returns

Invesco DB Commodity Tracking (DBC) ETF monthly and yearly returns: how is the distribution of the returns recorded so far?

MONTHLY RETURNS HISTOGRAM
351 Positive Months (56%) - 278 Negative Months (44%)
Mar 1970 - Jul 2022
Swipe left to see all data
Yearly Return(%)
Monthly Return(%)
Year Total Infl.Adj Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2022
+25.65 +18.24 7.9 6.5 9.2 5.6 4.6 -7.5 -2.0
2021
+41.36 +32.07 3.3 10.1 -0.7 7.8 3.9 3.5 1.3 -1.6 5.2 5.8 -8.8 6.7
2020
-7.84 -9.08 -8.6 -6.7 -17.3 -3.1 8.1 4.5 5.1 4.6 -3.5 -3.1 10.2 5.5
2019
+11.84 +9.34 7.1 2.8 -0.4 1.2 -6.0 4.0 -1.1 -4.6 1.4 1.9 -0.1 5.8
2018
-11.62 -13.27 3.0 -2.9 2.3 3.4 2.7 -1.9 -2.4 0.8 3.4 -5.6 -9.8 -4.0
2017
+4.86 +2.70 -0.6 -0.2 -3.2 -2.7 -1.4 -1.0 4.1 0.4 2.0 4.0 0.9 2.8
2016
+18.56 +16.15 -4.3 -0.2 4.2 9.7 0.9 4.4 -7.0 0.8 4.3 -0.3 1.7 4.1
2015
-27.59 -28.11 -5.7 4.4 -6.1 7.1 -3.2 1.6 -12.6 -0.3 -3.4 0.3 -6.6 -5.8
2014
-28.10 -28.64 -3.0 5.0 0.0 1.1 -1.4 2.1 -4.7 -1.1 -7.2 -3.9 -8.5 -9.6
2013
-7.63 -9.00 2.5 -4.7 0.7 -3.8 -1.6 -2.8 3.2 2.8 -3.4 0.0 -0.9 0.6
2012
+3.50 +1.73 3.7 5.4 -1.8 -1.4 -11.2 2.0 5.8 5.7 -0.4 -3.9 2.0 -1.1
2011
-2.58 -5.38 3.6 4.2 2.7 4.6 -5.2 -4.3 4.6 -0.4 -14.6 7.7 -0.3 -2.9
2010
+11.90 +10.25 -7.8 4.1 -0.5 3.9 -10.1 -1.8 6.1 -3.0 8.6 4.4 -0.4 9.9
2009
+16.19 +13.11 -4.4 -5.6 4.7 -0.1 16.3 -2.6 1.9 -4.0 -0.2 6.9 4.5 -0.2
2008
-31.77 -31.83 2.9 11.1 -0.9 6.0 6.9 10.4 -9.8 -6.5 -10.2 -25.1 -12.4 -3.2
2007
+31.59 +26.43 -2.4 5.1 0.7 0.7 -0.2 0.7 1.9 -1.9 9.4 8.5 -0.6 6.7
2006
-3.04 -5.44 1.6 -6.6 -0.5 6.6 0.7 -2.0 4.3 -2.3 -6.6 4.2 6.4 -7.6
2005
+20.50 +16.52 0.8 6.6 3.5 -4.2 -0.4 1.8 2.2 9.6 3.9 -7.8 -0.1 4.1
2004
+16.36 +12.69 2.7 8.8 4.5 -6.2 3.3 -4.3 2.8 0.5 6.8 2.8 -1.4 -3.8
2003
+29.82 +27.42 7.9 7.2 -10.0 -0.9 10.2 -3.3 -4.2 5.8 3.4 4.8 0.2 7.2
2002
+42.63 +39.32 -3.1 4.4 13.5 1.1 -4.4 3.4 3.2 7.4 6.4 -2.8 0.2 8.3
2001
-31.94 -32.98 -5.3 -1.4 -3.9 5.4 -2.9 -7.2 0.2 1.0 -11.0 -5.0 -5.4 -1.3
2000
+49.77 +44.87 7.2 6.3 -1.2 -0.9 11.2 7.1 -7.7 15.4 -1.4 0.2 9.2 -2.1
1999
+40.90 +37.22 0.4 -4.6 16.9 4.1 -5.5 6.4 3.6 7.0 5.3 -5.2 4.1 4.2
1998
-35.75 -36.77 -1.6 -6.6 -0.5 -2.7 -4.7 -3.6 -7.9 -5.9 10.2 -4.7 -12.2 -1.7
1997
-14.06 -15.50 -1.5 -6.9 1.7 2.3 0.7 -5.4 4.1 2.5 2.5 2.8 -9.9 -6.8
1996
+33.91 +29.61 -0.2 4.0 6.5 5.8 -0.8 3.9 -4.7 3.2 3.6 -0.3 8.3 1.0
1995
+20.35 +17.37 -2.5 0.8 1.4 3.1 -0.8 -1.8 2.6 2.1 0.4 1.0 2.7 10.2
1994
+5.31 +2.56 8.1 -2.2 -1.2 2.6 1.5 2.5 1.7 -6.7 -0.9 0.5 -3.3 3.4
1993
-12.33 -14.68 1.2 1.2 2.1 -1.1 -2.8 -3.1 -0.9 0.8 0.3 -3.6 -5.0 -1.9
1992
+4.44 +1.49 2.8 -1.1 1.1 3.0 2.7 -0.6 -1.4 0.1 1.2 -2.2 -1.3 0.2
1991
-6.14 -8.93 -9.4 1.4 3.8 2.3 -0.1 -2.4 5.1 1.5 0.8 2.9 -4.0 -7.1
1990
+29.07 +21.64 -0.4 -0.3 0.7 -1.1 -0.7 -1.6 8.3 16.6 22.9 -6.1 -6.6 -2.0
1989
+38.29 +32.14 0.4 4.3 6.8 3.2 -1.3 3.5 -2.8 3.5 6.0 -0.7 1.6 9.1
1988
+27.93 +22.51 2.7 -1.1 5.0 3.1 3.5 -2.8 0.6 -0.7 -2.7 4.8 5.8 7.3
1987
+23.77 +18.51 5.7 -6.0 8.1 5.0 4.6 3.6 4.5 -2.0 0.7 1.1 0.0 -2.8
1986
+2.06 +0.95 -9.1 -3.5 -0.2 5.6 -3.8 3.8 1.0 8.6 -2.5 1.1 3.0 -0.7
1985
+10.02 +6.00 1.3 -1.3 4.3 -3.2 0.0 -2.9 -2.3 1.5 5.7 7.2 1.7 -1.8
1984
+1.06 -2.78 1.1 0.5 4.9 -1.1 2.9 -2.3 -6.7 4.3 -0.8 0.5 0.4 -2.0
1983
+16.26 +12.01 0.7 -1.1 6.7 1.0 0.5 1.3 3.5 1.8 -2.7 -1.2 0.1 5.0
1982
+11.55 +7.44 8.0 -2.3 3.7 3.6 0.2 -3.0 2.2 -0.2 -2.9 -0.6 4.0 -1.1
1981
-23.01 -29.32 -6.4 -2.9 -0.2 -1.4 0.5 -6.4 4.6 -3.3 -0.1 0.3 -4.5 -5.6
1980
+11.10 -1.26 6.0 -0.9 -14.0 3.7 6.1 5.6 4.8 1.6 5.6 3.1 -1.4 -7.4
1979
+33.80 +18.10 7.2 5.9 -1.8 6.0 -4.7 1.3 -4.2 11.5 4.3 -3.2 6.9 1.6
1978
+31.60 +20.72 3.2 1.6 10.3 2.2 7.6 -9.3 2.7 2.7 5.6 1.0 2.6 -1.2
1977
+10.38 +3.45 -0.3 -0.3 3.6 5.2 -3.4 -2.4 -8.5 1.0 3.7 2.9 4.3 5.1
1976
-11.90 -15.99 -4.8 5.7 0.2 3.9 1.8 -1.7 -8.9 -2.8 -9.9 -1.2 1.4 5.0
1975
-17.22 -22.59 -15.6 -10.4 8.5 -4.6 -1.5 1.7 7.8 9.6 1.1 -8.0 -1.2 -2.6
1974
+39.54 +24.22 11.2 -0.5 -11.5 1.1 -6.8 12.4 23.8 -4.9 12.1 9.0 2.0 -8.3
1973
+75.01 +60.99 3.4 4.3 -2.4 6.0 18.2 -1.7 25.8 2.5 -5.0 -5.3 5.2 10.5
1972
+42.45 +37.76 3.9 -0.3 1.3 2.9 2.3 2.7 -0.9 6.0 7.6 -1.0 3.9 8.0
1971
+21.07 +17.24 5.1 -1.0 1.0 0.6 3.7 -1.0 0.7 -0.5 0.0 4.6 2.6 3.6
1970
- - 1.5 -0.3 -3.0 7.1 -1.0 5.1 1.3 -0.4 -1.4 0.9

ETF Returns, up to December 2006, are simulated. They have been calculated using the historical series of equivalent ETFs / Assets.

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