The Invesco DB Commodity Tracking (DBC) to EUR ETF covers to the following investment themes:

  • Asset Class: Commodity
  • Commodity: Broad Diversified

As of May 2026, in the previous 30 Years, the Invesco DB Commodity Tracking (DBC) to EUR ETF obtained a 4.49% compound annual return, with a 17.98% standard deviation. It suffered a maximum drawdown of -63.38% that required 213 months to be recovered.

Disclaimer: The simulations on this website are provided in good faith but should NOT be taken as investment advice. We are not liable for any errors or actions based on this information. The authors of the website are not affiliated with the ETFs/Assets issuers. Content is for informational, educational, illustrative and entertainment purposes only.
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Table of contents

Investment Returns as of May 31, 2026

INVESCO DB COMMODITY TRACKING (DBC) TO EUR ETF
Capital Growth
Inflation Adj:
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Chg (%) Return (%) Return (%) as of May 31, 2026
1 Day Time ET(*) --- YTD
(5M) 		1M 6M 1Y 5Y 10Y 30Y MAX
(~73Y)
Investment Return --- --- 36.02 -4.59 34.62 47.55 14.57 8.87 4.49 6.33
Eurozone Inflation Adjusted Return 32.75 -4.67 31.17 43.07 9.82 5.88 2.38 3.56
Returns over 1 year are annualized
(*) Eastern Time (ET - America/New York)
The live monthly return is calculated by assuming, for each asset, the weight defined by the base asset allocation.
Eurozone Inflation is updated to May 2026. Inflation (annualized) is 1Y: 3.13% , 5Y: 4.33% , 10Y: 2.82% , 30Y: 2.06%

Investment Metrics as of May 31, 2026

INVESCO DB COMMODITY TRACKING (DBC) TO EUR ETF
Advanced Metrics
1 August 1953 - 31 May 2026 (~73 years)
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Metrics as of May 31, 2026
YTD
(5M) 		1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~73Y)
Investment Return (%)
36.02 -4.59 20.61 34.62 47.55 13.10 14.57 8.87 2.39 4.49 6.33
Growth of 1€ 1.36 0.95 1.21 1.35 1.48 1.45 1.97 2.34 1.60 3.74 87.20
Infl. Adjusted Return (%)
32.75 -4.67 17.78 31.17 43.07 10.31 9.82 5.88 0.25 2.38 3.56
Eurozone Inflation (%) 2.46 0.09 2.40 2.63 3.13 2.53 4.33 2.82 2.13 2.06 2.68
Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
 Current 1Y 3Y 5Y 10Y 20Y 30Y MAX
Deepest Drawdown Depth (%) -4.59 -4.59 -15.20 -24.92 -33.84 -63.38 -63.38 -63.38
Start to Recovery (# months)
1* 1* 28 46 32 213 213 213
Start (yyyy mm) 2026 05 2023 10 2022 06 2018 10 2008 07 2008 07 2008 07
Start to Bottom (# months) 1 19 35 19 142 142 142
Bottom (yyyy mm) 2026 05 2025 04 2025 04 2020 04 2020 04 2020 04 2020 04
Bottom to End (# months) 0 9 11 13 71 71 71
End (yyyy mm) - 2026 01 2026 03 2021 05 2026 03 2026 03 2026 03
Longest Drawdown Depth (%) -3.25
same
same		 -24.92
same
same
same
Start to Recovery (# months)
3 46
Start (yyyy mm) 2025 08 2023 10 2022 06 2022 06 2008 07 2008 07 2008 07
Start to Bottom (# months) 1 19 35 35 142 142 142
Bottom (yyyy mm) 2025 08 2025 04 2025 04 2025 04 2020 04 2020 04 2020 04
Bottom to End (# months) 2 9 11 11 71 71 71
End (yyyy mm) 2025 10 2026 01 2026 03 2026 03 2026 03 2026 03 2026 03
Longest negative period (# months)
2 29 46 56 214 273 273
Start (yyyy mm) 2025 08 2023 08 2022 05 2016 06 2008 03 1997 08 1997 08
End (yyyy mm) 2025 09 2025 12 2026 02 2021 01 2025 12 2020 04 2020 04
Annualized Return (%) -9.30 -0.94 -1.24 -0.55 -0.16 -0.08 -0.08
Drawdowns / Negative periods marked with * are in progress
Adjusting for units held makes the drawdown reflect real performance, just like in the no-cash-flow case.
Deepest Drawdown Depth (%) -23.18 -4.67 -18.07 -32.33 -34.68 -67.95 -67.95 -67.95
Start to Recovery (# months)
215* 1* 29 47 54 215* 215* 215*
Start (yyyy mm) 2026 05 2023 10 2022 06 2017 01 2008 07 2008 07 2008 07
Start to Bottom (# months) 1 19 35 40 142 142 142
Bottom (yyyy mm) 2026 05 2025 04 2025 04 2020 04 2020 04 2020 04 2020 04
Bottom to End (# months) 0 10 12 14 73 73 73
End (yyyy mm) - 2026 02 2026 04 2021 06 - - -
Longest Drawdown Depth (%) -3.39
same
same
same
same
same		 -31.20
Start to Recovery (# months)
3 227
Start (yyyy mm) 2025 08 2023 10 2022 06 2017 01 2008 07 2008 07 1954 02
Start to Bottom (# months) 1 19 35 40 142 142 196
Bottom (yyyy mm) 2025 08 2025 04 2025 04 2020 04 2020 04 2020 04 1970 05
Bottom to End (# months) 2 10 12 14 73 73 31
End (yyyy mm) 2025 10 2026 02 2026 04 2021 06 - - 1972 12
Longest negative period (# months)
2 29 49* 57 237 305 363
Start (yyyy mm) 2025 08 2023 08 2022 05 2016 07 2006 06 2000 09 1990 10
End (yyyy mm) 2025 09 2025 12 2026 05 2021 03 2026 02 2026 01 2020 12
Annualized Return (%) -10.60 -2.93 -0.07 -0.07 -0.57 -0.02 -0.03
Drawdowns / Negative periods marked with * are in progress
Adjusting for units held makes the drawdown reflect real performance, just like in the no-cash-flow case.
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y 30Y MAX
Standard Deviation (%) 20.52 17.67 18.00 17.29 16.89 17.98 16.69
Sharpe Ratio 2.13 0.48 0.62 0.39 0.05 0.13 0.13
Sortino Ratio 3.61 0.71 0.93 0.54 0.07 0.18 0.19
Ulcer Index 1.65 6.95 14.18 14.07 35.95 31.47 22.14
Ratio: Return / Standard Deviation 2.32 0.74 0.81 0.51 0.14 0.25 0.38
Ratio: Return / Deepest Drawdown 10.36 0.86 0.58 0.26 0.04 0.07 0.10
Positive Months (%)
75.00 63.88 60.00 60.00 54.58 54.16 54.00
Positive Months 9 23 36 72 131 195 472
Negative Months 3 13 24 48 109 165 402
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
 1Y 3Y 5Y 10Y 20Y 30Y MAX
Best 10 Years Return (%) - Annualized 8.87 10.05 14.80 17.84
Worst 10 Years Return (%) - Annualized -5.96 -5.96 -5.96
Best 10 Years Return (%) - Annualized 5.88 7.11 12.32 12.32
Worst 10 Years Return (%) - Annualized -7.07 -7.07 -7.07
TIMEFRAMES
Inflation Adjusted:
Inflation Adjusted:
 1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
··· As of May 2026 - Over the previous 30Y
Best Rolling Return (%) - Annualized 91.49 29.30 22.31 14.80 4.70 4.49
Worst Rolling Return (%) - Annualized -42.38 -18.16 -11.52 -5.96 -1.51
Positive Periods (%) 53.8 60.3 68.1 64.3 90.9 100.0
Best Rolling Return (%) - Annualized 87.86 24.63 19.82 12.32 2.98 2.38
Worst Rolling Return (%) - Annualized -42.29 -18.25 -12.35 -7.07 -3.06
Positive Periods (%) 49.5 55.0 59.8 48.1 59.5 100.0
95% VaR - Value at Risk (%) - Cumulative
8.04 13.28 17.90 32.36 32.83 36.69 39.16 12.09
95% CVaR - Conditional Value at Risk (%) 10.19 17.01 23.18 37.44 38.02 40.91 41.48 21.75
99% VaR - Value at Risk (%) - Cumulative
11.57 19.41 26.57 39.85 43.56 44.61 44.27 26.26
99% CVaR - Conditional Value at Risk (%) 13.82 23.31 32.08 41.69 44.46 45.65 45.89 26.26
Short term VaRs: analytical | 1+ year VaRs: historical data
Safe Withdrawal Rate (%) 65.83 21.34 13.29 5.64 3.45 4.62
Perpetual Withdrawal Rate (%) --- --- --- --- --- 2.34
% based on initial capital, inflation-adj. monthly withdrawals afterwards | Credits: BestRetirementPortfolio.com
··· All available data (Aug 1953 - May 2026)
Best Rolling Return (%) - Annualized 91.49 50.62 32.30 17.84 15.46 13.14
Worst Rolling Return (%) - Annualized -42.38 -18.16 -11.52 -5.96 -1.51 1.58
Positive Periods (%) 60.6 69.0 80.9 85.5 98.2 100.0
Best Rolling Return (%) - Annualized 87.86 41.32 24.88 12.32 11.11 9.42
Worst Rolling Return (%) - Annualized -42.29 -18.25 -12.35 -7.07 -3.06 -0.28
Positive Periods (%) 53.1 56.0 62.9 69.0 92.2 99.6
95% VaR - Value at Risk (%) - Cumulative
7.30 11.85 15.65 21.64 22.78 25.70 30.58 0.00 0.00
95% CVaR - Conditional Value at Risk (%) 9.30 15.31 20.55 30.33 31.19 35.06 36.96 0.00 0.00
99% VaR - Value at Risk (%) - Cumulative
10.58 17.53 23.70 36.55 36.20 40.26 39.88 12.09 0.00
99% CVaR - Conditional Value at Risk (%) 12.67 21.15 28.81 39.53 41.48 43.52 42.47 21.75 0.00
Short term VaRs: analytical | 1+ year VaRs: historical data
Safe Withdrawal Rate (%) 65.83 21.34 13.29 5.64 3.45 3.50
Perpetual Withdrawal Rate (%) --- --- --- --- --- ---
% based on initial capital, inflation-adj. monthly withdrawals afterwards | Credits: BestRetirementPortfolio.com
  • Annualized Portfolio Return: the annualized geometric mean return of the portfolio. When cashflows are involved, it is calculated using the Money-Weighted Rate of Return (MWRR), based on the Modified Dietz formula.
  • Deepest/Longest Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. The deepest (or maximum) drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The longest drawdown is the period observed from a peak to the subsequent peak with the greatest duration. When cashflows are involved, portfolio values are normalized by the invested capital (i.e. owned quotes) at each time step: this isolates the effect of market performance from capital contributions, avoiding misleading drawdowns caused by large inflows that artificially lift portfolio value and, as a result, the drawdowns match the ones without cash flows.
  • Longest negative period: it's the maximum period for which an overall negative return has been observed.
  • Standard Deviation: it's a measure of the dispersion of returns around the mean.
  • Sharpe Ratio: it's a measure of risk-adjusted performance of the portfolio. It's calculated by dividing the excess return of the portfolio over the risk-free rate by the portfolio standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
  • Sortino Ratio: another measure of risk-adjusted performance of the portfolio. It's a modification of the Sharpe Ratio (same formula but the denominator is the portfolio downside standard deviation).
  • Ulcer Index: it's a measure of downside risk that quantifies the depth and duration of drawdowns in an investment portfolio.
  • Best/Worst 10Y returns: the best and the worst 10-year return over a time frame.
  • Rolling Returns: N-year returns over a time frame, calculated over all the available data source (best, worst, % of positive returns). Each rolling period, longer than the longest negative period, yielded a non-negative minimum return.
  • Value at Risk (VaR): it's an evaluation of a cumulative worst-case loss (in absolute value), associated with a probability (95%-99%) and a time horizon. For short term, it's calculated based on the expected return and standard deviation, assuming a normal distribution of monthly returns. For long term is retrieved by the historical rolling return data.
  • Conditional Value at Risk (CVaR): it represents the average expected loss if that worst-case threshold (95%-99%) is ever crossed.
  • Safe Withdrawal Rate (SWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, without the portfolio running out of money in any case (money amount withdrawal).
    For instance: Your initial invested capital is 100.000$; withdrawal rate (annualized) is 4%. This means that, in the first month, you will withdraw 100.000 * 4% * 1/12 = 333.33$. The second month, you’ll withdraw 333.33$ plus the inflation monthly rate. You’ll continue adjusting your withdraw monthly for inflation.
  • Perpetual Withdrawal Rate (PWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, preserving the original invested capital, adjusted for inflation too.
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Drawdowns

A drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.

INVESCO DB COMMODITY TRACKING (DBC) TO EUR ETF
Drawdown periods
Inflation Adj:
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Rolling Return Analysis

A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.

INVESCO DB COMMODITY TRACKING (DBC) TO EUR ETF
Annualized Rolling Returns — Over Time & Distribution

Holding Periods and Returns

Holding periods are based on rolling periods: each rolling window represents the return an investor would have achieved by holding the investment for a fixed period (e.g., 10, 20, or 30 years) starting from different dates.

INVESCO DB COMMODITY TRACKING (DBC) TO EUR ETF
Annualized Rolling Returns
Inflation Adj:
Percentiles: – Changes pending. Click 'Update' to refresh

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Time to Target

What it shows: Months to reach your target capital from each historical entry point, accounting for your initial investment and periodic contributions.

INVESCO DB COMMODITY TRACKING (DBC) TO EUR ETF
Time to reach your Target Capital

Monthly Returns and Seasonality

This section provides a visual/tabular representation of the performance variability in the Invesco DB Commodity Tracking (DBC) to EUR ETF over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.

INVESCO DB COMMODITY TRACKING (DBC) TO EUR ETF
Monthly Returns Distribution

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Monthly Seasonality Analysis
72 full years are available for analysis

Returns, up to December 2006, have been derived using the historical series of equivalent ETFs / Assets.

For non-EUR assets, returns are calculated based on the performance of the original asset, adjusted for actual currency exchange rates.

You can find additional information on extended Data Sources here.

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Your practical guide to Building Wealth.
Master ETF Investing & maximize profits with Lazy Portfolios & Passive Strategies.
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