# Invesco DB Commodity Index Tracking Fund (DBC)

> Source: Nexqual · https://nexqual.com/DBC · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, Invesco DB Commodity Index Tracking Fund (DBC), nexqual.com/DBC" · informational, not investment advice.

**Price:** USD 34.1 (+1.58% on the day) · last close of Oct 23, 2026; US market after hours, not a live price. Prev close 33.57 · day 33.85–34.14 · 52w 22.29–34.14 · market cap null · PCX

## Key facts
- Total return with dividends: 1Y +54.3% vs S&P 500 +13.4%; 5Y +83.6% vs S&P 500 +76.9%.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Operating income | -$19.1M | $19.4M | $90.2M | $69.1M | $41.4M | $42.0M |
| Net income | $659M | $552M | -$152M | $22.4M | $92.5M | $294M |
| Cash + short-term investments | $0K | $0K | $0K | $9.3M | $0K | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)


## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +54.3% | +83.6% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | +54.5% | +12.9% |
| Volatility (annualized) | 20.6% | 19.1% |
| Max drawdown | -16.5% (May 2026→Jun 2026) | -25.7% (Jun 2022→Sep 2024) |

## Peers
DBA (Invesco DB Agriculture Fund) USD 27.87 -0.18% · GSG (iShares GSCI Commodity-Indexed ) USD 37.7 +1.92% · DBB (Invesco DB Base Metals Fund) USD 24.88 +1.10% · DJP (iPath Bloomberg Commodity Index) USD 52.41 +0.77% · MOO (VanEck Agribusiness ETF) USD 81.69 +0.53%

## More
Full page: https://nexqual.com/DBC · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 23.3% | ±5.4% |
| 2026-12-18 | 56 | 30.0% | ±9.5% |
| 2027-01-15 | 84 | 21.2% | ±12.1% |
| 2027-04-16 | 175 | 24.1% | ±13.2% |