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DBC — Invesco DB Commodity Index Tracking Fund

Data as of 2026-09-21 · US · Commodities · window 2016-09-21 → 2026-09-21 (10.0 years) · returns assume dividends reinvested, net of fund fees · Market Data from Tiingo.com

What the history says

DBC
Total return+162.7%
Annualised (CAGR)+10.1%
Volatility (annualised)+17.0%
Sharpe (rf = 0)0.60
Deepest drawdown-41.7%
Drawdown peak → trough2018-10-03 → 2020-04-27

Over the 10.0 years to 2026-09-21 the fund returned +162.7% in total (+10.1% a year), with a deepest drawdown of -41.7% from 2018-10-03 to 2020-04-27. Its worst calendar year was 2018 (-11.6%), its best 2026 (+45.7%).

Every calendar year

Calendar-year returns (net of fees, dividends reinvested)
YearDBC
2026+45.7%
2025+8.1%
2024+2.2%
2023-6.2%
2022+19.3%
2021+41.4%
2020-7.8%
2019+11.8%
2018-11.6%
2017+4.9%
2016+8.0%

What this page does not say

It does not say DBC is a good or bad fund, and it is not a forecast. Returns above are history: they already include dividends and already exclude the fund's own fees. A drawdown of -41.7% means an investor who bought at the peak would have watched that much value disappear before it recovered — how long that takes is the part most tables leave out.

Run your own window, add fees or a second fund: open DBC in the tool. History is shown as history, never sold as a forecast.

More in US · Commodities: UGA · GLD · AAAU · all fund pages