Invesco DB Commodity Tracking (DBC) to EUR: Rolling Returns

Simulation Settings
Category:
Period: August 1953 - March 2026 (~73 years)
Initial Amount: 1€
Currency: EUR
DBC is not denominated in EUR. Returns are simulated using exchange rates or interest rate differentials in case of currency hedging.
Inflation: Eurozone
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This asset allocation includes ETFs not denominated in EUR. Returns are calculated using exchange rates or, if applicable, interest rate differentials for currency hedging.

When holding the Invesco DB Commodity Tracking (DBC) to EUR ETF, how long should you stay invested to have high probability to achieve a positive return?

Over the selected period (~73 years), the longest duration with a negative return was 273 months (from August 1997 to April 2020).

This indicates that, within the same timeframe, any rolling period of 274 months or more has consistently resulted in a positive return.

Understanding this metric is crucial as it highlights the importance of a safe investment horizon. Knowing the minimum duration required to likely see positive returns helps investors set realistic expectations and reinforces the strategy of staying invested through market cycles. This approach can mitigate the emotional reactions to short-term market fluctuations and enhance the likelihood of achieving financial goals.

Previous vs subsequent Returns

Is there a correlation between past and future returns over all 10-year rolling periods?

The following chart illustrates the relationship between past returns (x-axis) and subsequent returns (y-axis).

Data points are aggregated to show occurrences, and you can zoom in by clicking or drawing over the desired area.

INVESCO DB COMMODITY TRACKING (DBC) TO EUR ETF
Previous vs Next Returns - 10 Years annualized
Time Period: 1 April 1996 - 31 March 2026 (30 Years)
Time Period: 1 August 1953 - 31 March 2026 (~73 years)
30 Years
(1996/04 - 2026/03)
All Data
(1953/08 - 2026/03)

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As of Mar 31, 2026, the annualized return of the previous 10 years has been 10.05%.

Rolling Returns

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
Annualized Rolling Returns - Inflation Adjusted
Time Period: 1 April 1996 - 31 March 2026 (30 Years)
Time Period: 1 August 1953 - 31 March 2026 (~73 years)
30 Years
(1996/04 - 2026/03)
All Data
(1953/08 - 2026/03)
Eurozone Inflation Adjusted:

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Rolling Period Analysis

By selecting the 'Rolling Period', the chart and data will update. To study a different date range, change the simulation settings.

INVESCO DB COMMODITY TRACKING (DBC) TO EUR ETF
Rolling Returns Chart
Rolling Returns Chart - Inflation Adjusted
Time Period: 1 August 1953 - 31 March 2026 (~73 years)
Over Time
Histogram
Eurozone Inflation Adjusted:

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Swipe left to see all data
Worst Median Best Negative Periods
-42.38%
Jul 2008 - Jun 2009
+3.88% +91.49%
Mar 1999 - Feb 2000
39.49%
340 out of 861
-42.29%
Jul 2008 - Jun 2009
+0.80% +87.86%
Mar 1999 - Feb 2000
46.92%
404 out of 861
-23.57%
Feb 1997 - Jan 1999
+3.44% +67.81%
Dec 1998 - Nov 2000
37.69%
320 out of 849
-24.26%
Feb 1997 - Jan 1999
+0.69% +64.60%
Dec 1998 - Nov 2000
47.00%
399 out of 849
-18.16%
Apr 2013 - Mar 2016
+3.48% +50.62%
Nov 1971 - Oct 1974
31.06%
260 out of 837
-18.25%
Apr 2013 - Mar 2016
+1.04% +41.32%
Nov 1971 - Oct 1974
44.09%
369 out of 837
-14.56%
Mar 2012 - Feb 2016
+4.81% +39.18%
Dec 1970 - Nov 1974
25.45%
210 out of 825
-15.01%
Mar 2012 - Feb 2016
+2.15% +30.71%
Dec 1970 - Nov 1974
37.33%
308 out of 825
-11.52%
Apr 2011 - Mar 2016
+5.22% +32.30%
Dec 1969 - Nov 1974
19.07%
155 out of 813
-12.35%
Apr 2011 - Mar 2016
+2.94% +24.88%
Nov 1969 - Oct 1974
37.15%
302 out of 813
-9.82%
May 2014 - Apr 2020
+6.30% +26.16%
Nov 1968 - Oct 1974
20.72%
166 out of 801
-10.56%
May 2014 - Apr 2020
+3.42% +19.86%
Nov 1968 - Oct 1974
36.45%
292 out of 801
-9.61%
Apr 2013 - Mar 2020
+7.10% +21.78%
Nov 1967 - Oct 1974
18.38%
145 out of 789
-10.29%
Apr 2013 - Mar 2020
+4.29% +17.96%
Jan 1999 - Dec 2005
33.97%
268 out of 789
-8.83%
May 2012 - Apr 2020
+7.12% +18.41%
Nov 1966 - Oct 1974
18.40%
143 out of 777
-9.60%
May 2012 - Apr 2020
+4.46% +14.01%
Dec 1998 - Nov 2006
33.46%
260 out of 777
-8.44%
Jul 2008 - Jun 2017
+7.30% +18.48%
Dec 1971 - Nov 1980
15.42%
118 out of 765
-9.45%
Jul 2008 - Jun 2017
+4.60% +14.52%
Mar 1999 - Feb 2008
31.63%
242 out of 765
-5.96%
Jul 2008 - Jun 2018
+6.93% +17.84%
Dec 1970 - Nov 1980
14.48%
109 out of 753
-7.07%
Jul 2008 - Jun 2018
+4.56% +12.32%
Sep 1998 - Aug 2008
31.08%
234 out of 753
-6.09%
Jul 2008 - Jun 2019
+7.47% +17.39%
Aug 1972 - Jul 1983
12.28%
91 out of 741
-7.22%
Jul 2008 - Jun 2019
+4.56% +11.81%
Aug 1972 - Jul 1983
29.82%
221 out of 741
-7.29%
Jul 2008 - Jun 2020
+7.79% +17.70%
Sep 1971 - Aug 1983
11.66%
85 out of 729
-8.33%
Jul 2008 - Jun 2020
+4.60% +12.10%
Feb 1972 - Jan 1984
28.12%
205 out of 729
-4.46%
Nov 2007 - Oct 2020
+7.77% +17.87%
Oct 1971 - Sep 1984
10.74%
77 out of 717
-5.65%
Nov 2007 - Oct 2020
+4.81% +12.82%
Oct 1977 - Sep 1990
26.22%
188 out of 717
-4.46%
May 2006 - Apr 2020
+7.64% +17.30%
Jun 1970 - May 1984
8.94%
63 out of 705
-5.78%
May 2006 - Apr 2020
+4.80% +11.86%
Jun 1970 - May 1984
26.38%
186 out of 705
-3.98%
Oct 2005 - Sep 2020
+7.78% +16.88%
Mar 1970 - Feb 1985
7.79%
54 out of 693
-5.28%
Oct 2005 - Sep 2020
+5.00% +11.61%
Mar 1970 - Feb 1985
22.80%
158 out of 693
-2.77%
Apr 2004 - Mar 2020
+7.87% +15.80%
Mar 1969 - Feb 1985
6.31%
43 out of 681
-4.23%
Apr 2004 - Mar 2020
+4.95% +10.71%
Mar 1969 - Feb 1985
21.00%
143 out of 681
-1.61%
Jul 2008 - Jun 2025
+7.77% +14.73%
Mar 1968 - Feb 1985
4.78%
32 out of 669
-3.53%
Jul 2008 - Jun 2025
+5.05% +10.47%
Jun 1972 - May 1989
18.39%
123 out of 669
-0.98%
Dec 2000 - Nov 2018
+7.59% +15.16%
Oct 1972 - Sep 1990
2.59%
17 out of 657
-2.65%
Dec 2000 - Nov 2018
+4.92% +11.07%
Oct 1972 - Sep 1990
15.68%
103 out of 657
-1.87%
May 2001 - Apr 2020
+7.82% +16.13%
Oct 1971 - Sep 1990
2.02%
13 out of 645
-3.42%
May 2001 - Apr 2020
+4.86% +11.87%
Oct 1971 - Sep 1990
12.09%
78 out of 645
-1.51%
Nov 2000 - Oct 2020
+8.04% +15.46%
Oct 1970 - Sep 1990
1.74%
11 out of 633
-3.06%
Nov 2000 - Oct 2020
+4.72% +11.11%
Oct 1970 - Sep 1990
7.74%
49 out of 633
+1.43%
Dec 2000 - Nov 2025
+8.39% +13.06%
Feb 1972 - Jan 1997
0.00%
0 out of 573
-0.67%
Dec 2000 - Nov 2025
+4.95% +9.19%
Aug 1972 - Jul 1997
1.05%
6 out of 573
+1.58%
Oct 1990 - Sep 2020
+8.19% +13.14%
Dec 1970 - Nov 2000
0.00%
0 out of 513
-0.28%
Oct 1990 - Sep 2020
+5.43% +9.42%
Dec 1970 - Nov 2000
0.39%
2 out of 513
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