DBC vs SCHD
Invesco DB Commodity Index Tracking Fund vs Schwab US Dividend Equity ETF
Which is better, DBC or SCHD?
Commodities against Large Cap Value.
SCHD has a lower expense ratio. DBC led over 1Y and 5Y, SCHD over 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DBC | SCHD |
|---|---|---|
| Expense Ratio | 0.84% | 0.06%Best |
| AUM | $1.9B | $112.1B |
| Dividend Yield | 2.38% | 3.00% |
| Holdings | 62 | 103 |
| YTD Return | +47.61%Best | +24.23% |
| 1Y Return | +51.56%Best | +27.90% |
| 3Y Return (annualized) | +13.96% | +15.55%Best |
| 5Y Return (annualized) | +14.24%Best | +9.97% |
| Volatility (annualized) | 16.9% | 13.6%Best |
| Max Drawdown | -63.7% | -33.4%Best |
| $10,000 over 5 years | $19,458Best | $16,083 |
| Fund Family | Invesco (US) | Charles Schwab Asset Management |
| Category | Commodity | Equity |
| Style | Commodities | Large Cap Value |
| Inception | Feb 3, 2006 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 17, 2026 (14.9 years).
DBC vs SCHD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 14.9 years both funds cover.
DBC vs SCHD Performance
Invesco DB Commodity Index Tracking Fund (DBC) is an ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year DBC returned +51.56% while SCHD returned +27.90%. Year to date, DBC is up 47.61% versus a gain of 24.23% for SCHD.
Over three years, DBC compounded at +13.96% per year against +15.55% for SCHD; over five years the annualized figures are +14.24% and +9.97% respectively. Across the full 15-year window we track, SCHD has the edge at +11.30% annualized vs +2.50%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DBC has been the more volatile fund, with annualized monthly volatility of 16.9% 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 -63.7% for DBC and -33.4% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.43. They move together some of the time, and apart the rest.
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 2.38% against 3.00% for SCHD.
Holdings Overlap
We hold position weights for 2 holdings in DBC and 100 in SCHD, totalling 98.8% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 2 positions we hold weights for in DBC and 100 in SCHD, against full books of 62 and 103.
You are not choosing between two funds in isolation.
Whichever of DBC and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $78 a year on a $10,000 investment.
Which performed better, DBC or SCHD?
Over the past year DBC returned +51.56% vs +27.90% for SCHD, so DBC leads on 1-year performance. Over the longest common window we track (15 years), DBC annualized +2.50% vs +11.30% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DBC or SCHD?
DBC has been the more volatile fund at 16.9% annualized versus 13.6% for SCHD. Worst drawdown: DBC -63.7% vs SCHD -33.4%.
Should I hold both DBC and SCHD?
DBC and SCHD have a monthly-return correlation of 0.43, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, DBC or SCHD?
DBC yields 2.38% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than DBC?
SCHD has a lower expense ratio. DBC led over 1Y and 5Y, SCHD over 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.