Invesco DB Commodity Index Tracking Fund

Price: $23.38
Change: $0.08 (0.0%)
Category: Commodities
Last Updated:


Issuer Invesco
Brand Invesco DB
Structure Commodity Pool
Expense Ratio 0.87%
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 $21.49
  • 52 Week Hi $24.43
  • AUM $1,742.4 M
  • Shares 74.9 M

Historical Trading Data

  • 1 Month Avg. Volume 854,252
  • 3 Month Avg. Volume 1,021,403

Alternative ETFs in the ETF Database Commodities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest FGDL 0.15% $69.5 M 4,206 16.93%
Largest (AUM) PDBC 0.59% $5.1 B 3 M 6.02%
Most Liquid (Volume) PDBC 0.59% $5.1 B 3 M 6.02%
Top YTD Performer FGDL 0.15% $69.5 M 4,206 16.93%

Alternative ETFs in the FactSet Commodities: Broad Market Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest COMB 0.25% $93.7 M 22,595 4.99%
Largest (AUM) PDBC 0.59% $5.1 B 3 M 6.02%
Most Liquid (Volume) PDBC 0.59% $5.1 B 3 M 6.02%
Top YTD Performer GCC 0.55% $138.2 M 48,402 13.53%

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 5 15 19
% of Assets in Top 10 100.00% 76.01% 71.39%
% of Assets in Top 15 100.00% 80.27% 76.05%
% of Assets in Top 50 100.00% 84.29% 81.40%

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.

P/E Ratio
ETF Database Category Average
P/E Ratio
FactSet Segment Average
P/E Ratio

DBC Dividend

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

DBC ETF Database Category Average FactSet Segment Average
Dividend $ 1.09 $ 0.81 $ 0.65
Dividend Date 2023-12-18 N/A N/A
Annual Dividend Rate $ 1.09 $ 1.04 $ 0.80
Annual Dividend Yield 4.66% 4.01% 3.15%

DBC Price and Volume Charts

View charts featuring DBC price and volume data.

DBC Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: -36.02 M 3 Month Net Flows: -10.14 M 6 Month Net Flows: 2.42 M 1 Year Net Flows: -254.91 M 3 Year Net Flows: -1.24 B 5 Year Net Flows: -745.07 M 10 Year Net Flows: -2.79 B

DBC Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

5 Day Net AUM Change: -17.89 M
1 Month Net AUM Change: -20.71 M
3 Month Net AUM Change: -43.23 M
6 Month Net AUM Change: 112.39 M
1 Year Net AUM Change: -216.75 M
3 Year Net AUM Change: -753.91 M
5 Year Net AUM Change: 149.19 M
10 Year Net AUM Change: -3.97 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 ETF Database 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 ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A PDBC
Expenses C+ FGDL

A+ Overall Rated ETF:

DBC Expenses & Fees

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

Expenses Ratio Analysis

Expense Ratio
ETF Database Category Average
Expense Ratio
FactSet Segment Average
Expense Ratio

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. Returns over 1 year are annualized.

DBC ETF Database
Category Average
Factset Segment
1 Month Return 1.26% 0.09% -0.05%
3 Month Return -1.47% -0.83% -1.21%
YTD Return 6.08% 4.44% 5.79%
1 Year Return 4.50% 5.79% 4.36%
3 Year Return 8.87% 4.68% 5.16%
5 Year Return 9.38% 3.60% 4.34%

Geographic Exposure

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

Holdings Analysis

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

DBC Technicals

Volatility Analysis

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

5 Day Volatility 220.41%
20 Day Volatility 10.19%
50 Day Volatility 13.23%
200 Day Volatility 11.69%
Beta 0.54
Standard Deviation 0.67%
5 Day Volatility
5 of 35

20 Day Volatility
18 of 35

50 Day Volatility
22 of 35

200 Day Volatility
20 of 35

10 of 32

Standard Deviation
28 of 34


  • 20 Day MA $23.34
  • 60 Day MA $23.35
  • MACD 15 Period -0.01
  • MACD 100 Period 0.28
  • Williams % Range 10 Day 73.57
  • Williams % Range 20 Day 59.54
  • RSI 10 Day 50
  • RSI 20 Day 51
  • RSI 30 Day 51
  • Ultimate Oscillator 43

Bollinger Bands

  • Lower Bollinger (10 Day) $23.13
  • Upper Bollinger (10 Day) $23.79
  • Lower Bollinger (20 Day) $23.01
  • Upper Bollinger (20 Day) $23.69
  • Lower Bollinger (30 Day) $22.75
  • Upper Bollinger (30 Day) $23.78

Support & Resistance

  • Support Level 1 $23.28
  • Support Level 2 $23.18
  • Resistance Level 1 $23.45
  • Resistance Level 2 $23.52


  • Stochastic Oscillator %D (1 Day) 52.48
  • Stochastic Oscillator %D (5 Day) 31.36
  • Stochastic Oscillator %K (1 Day) 44.92
  • Stochastic Oscillator %K (5 Day) 44.09


  • Tracking Difference Median (%) n/a
  • Tracking Difference Max Upside (%) n/a
  • Tracking Difference Max Downside (%) n/a
  • Median Premium Discount (%) 0.01
  • Maximum Premium Discount (%) 0.61
  • Average Spread (%) 1.00
  • Average Spread ($) 1.00

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 ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Data Lineage

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