DBC (Invesco DB Commodity Index ETF) — over the past 10 years it returned about 9.4% annualized on a total-return basis, yields roughly 2.18%, and had a worst drawdown near -41.7%. Here is the full picture — and you can backtest it yourself for free.
$10,000, 10 years on
A $10,000 investment 10 years ago, dividends reinvested, would be worth about $26,961 today.
Sortino
0.80
Volatility
18.0%
$10k → today
$26,961
Dividend history
| Year | Dividend / share | YoY growth |
|---|---|---|
| 2020 | $0.00 | — |
| 2021 | $0.00 | — |
| 2022 | $0.14 | — |
| 2023 | $1.09 | 651.0% |
| 2024 | $1.12 | 2.5% |
| 2025 | $0.74 | -33.3% |
Risk & return vs the S&P 500
| Metric | DBC | SPY |
|---|---|---|
| CAGR | 9.4% | 14.4% |
| Volatility | 18.0% | 17.6% |
| Sharpe | 0.59 | 0.85 |
| Sortino | 0.80 | 1.04 |
| Max drawdown | -41.7% | -33.7% |
| Dividend yield | 2.18% | 1.00% |