DBC ETF — Invesco DB Commodity Index Tracking Fund

Invesco DB Commodity Index Tracking Fund (DBC)

Updated October 16, 2026.

DBC is an ETF that tracks the Invesco DB Commodity Index. its distribution rate is 2.21%, its trailing-12-month yield is 2.21%, its expense ratio is 0.85%. Dividend Vision Distribution Safety Score™ is 93/100 (Safe). Total return is 73.7% over the past 20.7 years, 708.8 points behind SPY at 782.5%.

Invesco DB Commodity Index Tracking Fund is an ETF that tracks a diversified commodity index through exposure to futures contracts on crude oil, heating oil, gasoline, natural gas, gold, silver, and agricultural commodities including corn, wheat, soybeans, and sugar. The fund carries a moderate current distribution rate with annual distributions and has an expense ratio of 0.85%. This fund appeals to investors seeking broad commodity market exposure and regular income from commodity price movements.

DBC performance versus SPY

Price and return data through 2026-10-16.

Total return is 73.7% over the past 20.7 years, 708.8 points behind SPY at 782.5%. Over the past year its total return — price change plus distributions reinvested — is 57.5%. Its deepest 1-year drawdown was 16.5%.

DBC key facts

Distribution Safety Score™

93 · Safe

Safety-Adjusted Yield

2.06%

Issuer

Invesco

Asset type

ETF

Asset class

Commodity

Inception date

02/03/2006

Expense ratio

0.85%

Distribution rate

2.21%

Distribution frequency

Annual

Trailing yield

2.21%

Last close

$33.74 (as of 2026-10-16)

AUM

$1,939,569,922

Average volume

680782.0

Dividend

$0.744

Ex-dividend date

12/22/2025

Payment date

12/26/2025

Beta

1.05

How Dividend Vision calculates yield and returns

Distribution rate (2.21%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (2.21%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Invesco; Index: Invesco DB Commodity Index; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

DBC risks and drawbacks

DBC's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 16.5%.

Who may consider DBC — and who may not

DBC may suit someone looking for a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (DBC pays annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on DBC

• All tickers starting with D

Tagged: Index.

Frequently asked questions

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