DBC vs SCHD
DBC vs SCHD
Invesco DB Commodity Index Tracking Fund vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. DBC delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | DBC | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.84% | 0.06% | |
| AUM | $1.7B | $103.7B | |
| Dividend Yield | 2.80% | 3.31% | |
| Holdings | 33 | 104 | |
| YTD Return | +29.12% | +24.26% | |
| 1Y Return | +36.83% | +31.38% | |
| 3Y Return (annualized) | +10.58% | +15.08% | |
| 5Y Return (annualized) | +12.15% | +9.72% | |
| Volatility (annualized) | 18.7% | 13.6% | |
| Max Drawdown | -76.4% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Commodity | Equity | |
| Inception | Feb 3, 2006 | Oct 20, 2011 |
DBC vs SCHD Performance
Invesco DB Commodity Index Tracking Fund (DBC) is a ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year DBC returned +36.83% while SCHD returned +31.38%. Year to date, DBC is up 29.12% versus a gain of 24.26% for SCHD.
Over three years, DBC compounded at +10.58% per year against +15.08% for SCHD; over five years the annualized figures are +12.15% and +9.72% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs +1.96%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DBC has been the more volatile fund, with annualized monthly volatility of 18.7% compared with 13.6% for SCHD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -76.4% for DBC and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.43. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DBC charges 0.84% per year while SCHD charges 0.06%. On a $10,000 position that is $84 vs $6 annually, a gap of $78 per year that compounds over a long holding period. On income, DBC currently yields 2.80% against 3.31% for SCHD.
Holdings Overlap
DBC and SCHD share 0 holdings out of 102 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DBC or SCHD?
DBC has an expense ratio of 0.84% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $78 per year of difference.
Which performed better, DBC or SCHD?
Over the past year DBC returned +36.83% vs +31.38% for SCHD, so DBC leads on 1-year performance. Over the longest common window we track (15 years), DBC annualized +1.96% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, DBC or SCHD?
DBC has been the more volatile fund at 18.7% annualized versus 13.6% for SCHD. Worst drawdown: DBC -76.4% vs SCHD -33.4%.
Should I hold both DBC and SCHD?
DBC and SCHD have a monthly-return correlation of 0.43, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DBC and SCHD?
DBC and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 102 unique securities.
Which pays a higher dividend, DBC or SCHD?
DBC yields 2.80% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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