DBC vs SPBO
Comparison between Invesco DB Commodity Index Tracking Fund (DBC, ETF) and STATE STREET(R) SPDR PORTFOLIO CORPORATE BOND ETF (SPBO, ETF).
5-Year PerformanceDBC has outperformed SPBO, delivering a return of +12.0% compared to +0.6%
DBC vs SPBO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
DBC vs SPBO - Historical Returns
Returns include dividend reinvestment.
DBC vs SPBO - Annual Returns (2006 - 2026)
Returns include dividend reinvestment.
| Year | DBC | SPBO |
|---|---|---|
| 2026 | +30.55% | +0.35% |
| 2025 | +7.01% | +7.86% |
| 2024 | +3.02% | +3.11% |
| 2023 | -3.93% | +8.19% |
| 2022 | +18.88% | -14.96% |
| 2021 | +42.13% | -1.18% |
| 2020 | -7.95% | +9.91% |
| 2019 | +11.53% | +14.16% |
| 2018 | -12.04% | -1.58% |
| 2017 | +6.13% | +4.77% |
| 2016 | +19.46% | +4.43% |
| 2015 | -26.71% | -1.60% |
| 2014 | -27.05% | +8.40% |
| 2013 | -7.96% | -2.29% |
| 2012 | +0.51% | +7.92% |
| 2011 | -3.00% | +5.89% |
| 2010 | +9.15% | N/A |
| 2009 | +12.27% | N/A |
| 2008 | -33.60% | N/A |
| 2007 | +35.91% | N/A |
| 2006 | +4.10% | N/A |
DBC vs SPBO Drawdown Comparison
The maximum drawdown for DBC was -76.35%, occurring on Apr 27, 2020. This drawdown has not yet recovered.
The maximum drawdown for SPBO was -22.23%, occurring on Oct 20, 2022. Recovery took 1027 trading sessions.
The current DBC drawdown is -24.39%. The current SPBO drawdown is -1.28%.
| Rank | DBC | SPBO |
|---|---|---|
| #1 | -76.35% Jul 2, 2008 - Apr 27, 2020 | -22.23% Sep 22, 2021 - Oct 24, 2025 |
| #2 | -14.37% May 11, 2006 - Jun 14, 2007 | -20.04% Mar 6, 2020 - Jun 15, 2020 |
| #3 | -10.01% Mar 13, 2008 - Apr 16, 2008 | -9.01% May 1, 2013 - May 2, 2014 |
| #4 | -7.81% Feb 6, 2006 - Apr 6, 2006 | -5.59% Dec 31, 2020 - Jul 19, 2021 |
| #5 | -6.68% May 21, 2008 - Jun 9, 2008 | -5.09% Apr 24, 2015 - May 4, 2016 |
| #6 | -6.00% Jan 3, 2008 - Feb 8, 2008 | -4.45% Aug 23, 2016 - May 19, 2017 |
| #7 | -5.59% Jun 15, 2007 - Sep 17, 2007 | -4.17% Sep 8, 2017 - Jan 31, 2019 |
| #8 | -5.41% Apr 22, 2008 - May 6, 2008 | -3.44% Nov 1, 2011 - Jan 31, 2012 |
| #9 | -4.82% Nov 6, 2007 - Nov 23, 2007 | -3.13% Oct 21, 2014 - Jan 6, 2015 |
| #10 | -4.20% Nov 23, 2007 - Dec 12, 2007 | -2.86% Feb 26, 2026 - Mar 27, 2026 |
| #11 | -3.65% Sep 27, 2007 - Oct 15, 2007 | -2.76% Jan 30, 2015 - Apr 24, 2015 |
| #12 | -3.60% Apr 21, 2006 - May 2, 2006 | -2.75% Aug 6, 2020 - Nov 23, 2020 |
| #13 | -2.98% May 2, 2006 - May 10, 2006 | -2.62% Aug 28, 2014 - Oct 15, 2014 |
| #14 | -2.76% May 9, 2008 - May 20, 2008 | -2.50% Aug 28, 2019 - Nov 26, 2019 |
| #15 | -2.64% Dec 12, 2007 - Dec 26, 2007 | -2.18% Feb 1, 2012 - Apr 20, 2012 |
Correlation
Correlation between DBC and SPBO is -0.12 which considered as a very weak or no correlation - the stocks move independently of each other.
Dividend Comparison (2006 - 2026)
DBC vs SPBO dividend yield comparison.
| Year | DBC | SPBO |
|---|---|---|
| 2026 | 0.00% | 2.13% |
| 2025 | 3.33% | 5.09% |
| 2024 | 5.22% | 5.28% |
| 2023 | 4.94% | 4.73% |
| 2022 | 0.59% | 3.54% |
| 2021 | 0.00% | 2.42% |
| 2020 | 0.00% | 2.75% |
| 2019 | 1.59% | 3.46% |
| 2018 | 1.30% | 3.60% |
| 2017 | 0.00% | 3.15% |
| 2016 | 0.00% | 3.35% |
| 2015 | 0.00% | 3.07% |
| 2014 | 0.00% | 3.21% |
| 2013 | 0.00% | 3.76% |
| 2012 | 0.00% | 3.70% |
| 2011 | 0.00% | 2.53% |
| 2008 | 1.60% | 0.00% |
| 2007 | 2.41% | 0.00% |
| 2006 | 2.48% | 0.00% |
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