DBC
Invesco DB Commodity Index Tracking Fund

Price: $20.19
Change: $0.27 (0.01%)
Category: Commodities
Last Updated:

Vitals

Issuer Invesco
Brand Invesco DB
Structure Commodity Pool
Expense Ratio 0.88%
ETF Home Page Home page
Inception Feb 03, 2006

Analyst Report

This ETF is one of the largest and most popular options for investors looking to achieve broad-based commodity exposure. DBC has the potential to add valuable return enhancement and diversification benefits to traditional stock-and-bond portfolios, but investors should be aware that this ETF invests in futures contracts. That exposes DBC to the nuances of contango, and may complicate the tax picture somewhat. DBC is a fine option for broad commodity exposure, but investors might also want to take a look at “later generation” products such as USCI.

ETF Database Themes

Category Commodities
Asset Class Commodity
Commodity Type Diversified
Commodity Broad
Commodity Exposure Futures-Based

FactSet Classifications

  • Segment Commodities: Broad Market
  • Category Broad Market
  • Focus Broad Market
  • Niche Optimized
  • Strategy Optimized commodity
  • Weighting Scheme Fixed

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $12.48
  • 52 Week Hi $20.24
  • AUM $2,433.2 M
  • Shares 122.7 M

Historical Trading Data

  • 1 Month Avg. Volume 2,497,438
  • 3 Month Avg. Volume 2,732,869

Alternative ETFs in the ETF Database Commodities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest BCI 0.25% $765.5 M 107,637 28.68%
Largest (AUM) PDBC 0.59% $5.9 B 3 M 38.27%
Most Liquid (Volume) PDBC 0.59% $5.9 B 3 M 38.27%
Top YTD Performer BDRY 3.76% $89.6 M 235,283 346.10%

Alternative ETFs in the FactSet Commodities: Broad Market Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest BCI 0.25% $765.5 M 107,637 28.68%
Largest (AUM) PDBC 0.59% $5.9 B 3 M 38.27%
Most Liquid (Volume) PDBC 0.59% $5.9 B 3 M 38.27%
Top YTD Performer GSP 0.75% $24.2 M 7,529 49.19%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

DBC ETF Database Category Average FactSet Segment Average
Number of Holdings 13 15 18
% of Assets in Top 10 98.43% 76.90% 72.84%
% of Assets in Top 15 100.01% 80.98% 77.90%
% of Assets in Top 50 100.01% 84.04% 81.69%

Size Comparison

DBC ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A N/A N/A
Mid (>2.7B) N/A N/A N/A
Small (>600M) N/A N/A N/A
Micro (<600M) N/A N/A N/A

DBC Valuation

This section compares the P/E ratio of this ETF to its peers.

DBC
P/E Ratio
N/A
ETF Database Category Average
P/E Ratio
0.33
FactSet Segment Average
P/E Ratio
0.41

DBC Dividend

This section compares the dividend yield of this ETF to its peers.

DBC ETF Database Category Average FactSet Segment Average
Dividend $ 0.25 $ 0.06 $ 0.05
Dividend Date 2019-12-23 N/A N/A
Annual Dividend Rate N/A $ 0.06 $ 0.03
Annual Dividend Yield N/A 0.18% 0.09%

DBC Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: -13.49 M 1 Month Net Flows: -104.73 M 3 Month Net Flows: -227.34 M 6 Month Net Flows: 85.14 M 1 Year Net Flows: 666.28 M 3 Year Net Flows: -288.13 M 5 Year Net Flows: -434.63 M 10 Year Net Flows: -1.03 B

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for DBC on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Commodities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A+ n/a
Expenses C+ n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

DBC Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

DBC
Expense Ratio
0.88%
ETF Database Category Average
Expense Ratio
0.77%
FactSet Segment Average
Expense Ratio
0.62%

Tax Analysis

Max ST Capital Gains Rate 27.84%
Max LT Capital Gains Rate 27.84%
Tax On Distributions No distributions
Distributes K1 Yes
ESG Themes and Scores

DBC does not have an ESG score. There are no ESG themes that map to this ETF.

DBC Performance

This section shows how this ETF has performed relative to its peers.

DBC ETF Database
Category Average
Factset Segment
Average
1 Month Return 4.77% 4.09% 3.41%
3 Month Return 6.38% 6.71% 5.70%
YTD Return 37.35% 44.48% 29.08%
1 Year Return 55.91% 59.73% 44.48%
3 Year Return 17.32% 11.22% 14.55%
5 Year Return 41.62% 12.17% 14.26%

DBC Price and Volume Chart

Geographic Exposure

The following charts reflect the geographic spread of DBC's underlying holdings.

Sector Breakdown

DBC Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

5 Day Volatility
49.00%
Rank
6 of 26

20 Day Volatility
14.21%
Rank
18 of 26

50 Day Volatility
21.12%
Rank
9 of 26

200 Day Volatility
19.14%
Rank
9 of 26

Beta
0.71
Rank
8 of 26

Standard Deviation
2.26%
Rank
15 of 26

Technicals

  • 20 Day MA $19.46
  • 60 Day MA $19.15
  • MACD 15 Period 0.66
  • MACD 100 Period 1.18
  • Williams % Range 10 Day 3.88
  • Williams % Range 20 Day 3.53
  • RSI 10 Day 71
  • RSI 20 Day 62
  • RSI 30 Day 60
  • Ultimate Oscillator 67

Bollinger Bands

  • Lower Bollinger (10 Day) $19.09
  • Upper Bollinger (10 Day) $20.19
  • Lower Bollinger (20 Day) $18.89
  • Upper Bollinger (20 Day) $20.01
  • Lower Bollinger (30 Day) $18.29
  • Upper Bollinger (30 Day) $20.13

Support & Resistance

  • Support Level 1 $20.14
  • Support Level 2 $20.09
  • Resistance Level 1 $20.24
  • Resistance Level 2 $20.28

Stochastic

  • Stochastic Oscillator %D (1 Day) 68.74
  • Stochastic Oscillator %D (5 Day) 82.31
  • Stochastic Oscillator %K (1 Day) 67.84
  • Stochastic Oscillator %K (5 Day) 68.80

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Data Lineage

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

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