Skip to content
etf.net

Launched · SEC filings

Invesco DB Commodity Index Tracking Fund

DBCNYSE ArcaC

$33.48+0.15 (+0.45%)

At close: Oct 13, 2026, 4:00 PM

C46/ 100

Rank 15 of 23 in Broad Commodity Futures

C46/100Rank 15 of 23inBroad Commodity Futures
Intraday session: up, 79 prints from 33.33 to 33.48. Range 33.30 to 33.49. Use the arrow keys to read each point.33.3033.4033.4510 AM12 PM2 PM4 PM
Expense ratio
0.89%
Fund size
$2.0B
1Y total return
+56.0%
Yield · Last 12 months
2.23%
Holdings
28
Avg volume · 30D
0.9M sh
NAV per share
$33.09
52W range
low $21.98high $33.78
Launched
Filings
SEC EDGAR

The ETF.net DBC Grade

Based on 5 of 6 pillars

C

Score 46 out of 100

Category
Broad Commodity Futures⁠
Rank
15 of 23
Six-pillar profile for DBC. Scores out of 100: Cost 23, Risk 41, Mission not scored, Tradability 86, Holdings 51, Durability 81. Strongest: Tradability (86). Weakest: Cost (23). Based on 5 of 6 pillars.

Score 46 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F23 out of 100
    Rank 18 of 23

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C41 out of 100
    Rank 16 of 23

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A86 out of 100
    Rank 1 of 23

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C51 out of 100
    Rank 8 of 15

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A81 out of 100
    Rank 3 of 23

Our read on DBC

ETF.net Research

COne of the original broad commodity ETFs, running since 2006: roughly 30 futures positions and an index built to pick contracts by roll yield, not by default. Big, actively traded, and still a K-1 partnership.

Stated mandate

The Fund seeks to track positive or negative changes in the DBIQ Optimum Yield Diversified Commodity Index Excess Return.

Why people hold it

  1. 01Live since 2006, making it one of the longest-running broad commodity funds around, and it still sits in the multi-billion-dollar, actively traded tier of its category.
  2. 02"Optimum Yield" is in the index name for a reason: the rules choose which contract along each commodity's futures curve to hold instead of defaulting to the nearest month.invesco.com
  3. 03One ticker for a diversified basket of about 30 commodity futures positions, with no futures account, margin calls, or roll dates to manage yourself.invesco.com

Worth knowing

  1. 01The 0.89% expense ratio is the trade-off: K-1-free peers such as BCI (0.26%) and CMDY (0.29%) cover similar ground for a fraction of the fee.
  2. 02It is a commodity partnership, so tax season brings a Schedule K-1 rather than a 1099. Several newer competitors were built specifically to avoid that form.invesco.com
  3. 03The fund follows its index's futures prices and roll choices, not spot prices, so it can move differently from the oil or copper headlines you see quoted.

DBC Holdings

As of Oct 12, 2026
Asset class
Other
Holdings
28
Top-10 weight
171%
Largest holding
AGPXX86.6%

Sectors

  • Financials100.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001AGPXXInvesco Government & Agency Portfolio86.57%1,571,894,249$1.6B235
002—ICE Brent Crude Oil Future 11/30/202620.61%3,696$374M2
003—NYMEX Light Sweet Crude Oil Future 01/20/202716.20%3,312$294M3
004TBLLInvesco Short Term Treasury ETF11.87%2,039,500$216M5
005—ICE Gas Oil Future 12/10/202610.04%1,325$182M2
006—COMEX Gold 100 Troy Ounces Future 12/29/20269.10%392$165M2
007—NYMEX NY Harbor ULSD Futures 05/28/20275.99%667$109M2
008—NYMEX Reformulated Gasoline Blendstock for Oxygen Blending RBOB Futures 11/30/20264.16%570$75M2
009—CBOT Soybean Future 11/12/20273.51%1,008$64M2
010—CBOT Corn Future 09/14/20273.32%2,405$60M2
011—Cash Collateral3.21%58,268,700$58M29
012—LME Primary Aluminum Future 12/14/20263.07%732$56M2
013—LME Copper Future 03/15/20272.98%149$54M2
014—COMEX Copper Future 05/26/20272.79%295$51M2
015—NYMEX Henry Hub Natural Gas Futures 03/29/20272.26%1,538$41M2

Showing 1–15 of 28 holdings

DBC Performance

Launched Feb 3, 2006

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

DBC$15,604
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. DBC $15,604. SPY $12,044. Use the arrow keys to read each point.$9,285$12,767$16,248Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for DBC. Periods over one year show the average yearly return.
PeriodDBC
Year to date+49.1%
1 month+0.5%
3 months+21.1%
1 year+56.0%
3 yearsper year+16.3%
5 yearsper year+12.6%
10 yearsper year+10.0%

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for DBC
YearReturn barDBC
2026 YTD+49.1%
2025+8.1%
2024+2.2%
2023−6.2%
2022+19.3%
2021+41.4%
2020−7.8%

DBC in the news

Filtered to DBC · Broad Commodity Futures

DBC Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
2.23%Last 12 months
Payout per share
$0.74Last 12 months
Last payment
$0.74 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2017–2026

One bar per payment. 6 payments from 2017 to 2026 YTD. Dec 24, 2018 $0.19; Dec 23, 2019 $0.25; Dec 19, 2022 $0.15; Dec 18, 2023 $1.09; Dec 23, 2024 $1.12; Dec 22, 2025 $0.74. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 26, 2025$0.74
Dec 23, 2024Dec 27, 2024$1.12
Dec 18, 2023Dec 22, 2023$1.09
Dec 19, 2022Dec 23, 2022$0.15
Dec 23, 2019Dec 31, 2019$0.25
Dec 24, 2018Dec 31, 2018$0.19
Dec 15, 2008Dec 30, 2008$0.34
Dec 17, 2007Dec 28, 2007$0.76
Dec 18, 2006Dec 29, 2006$1.22

DBC Risk

How much the fund’s monthly returns vary, scaled to a year.
16.6%
Annualised · 36 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.59
vs 3-month T-bills · to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−27.4%
Trough Sep 2024
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.05
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

DBC Cost

Expense ratio0.89%
  • The middle half of Broad Commodity Futures funds
  • Median 0.70%

16 of the 22 Broad Commodity Futures funds charge less.

DBC costs $89.00 a year on $10,000. The median Broad Commodity Futures fund costs $70.50.

Other funds in Broad Commodity Futures

See others