Which returned more over the last year, CMDT or DBC?

In the year to Oct 9, 2026, with distributions reinvested, CMDT returned +31.6% and DBC +51.0%.

Which is cheaper, CMDT or DBC?

CMDT is cheaper, by 0.20 percentage points a year. On $10,000 held for a year that difference is about $20. Fees come from each fund's prospectus.

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CMDT vs DBC: how they differ

CMDT is an actively managed commodity fund and DBC a commodity futures fund, and over the year DBC returned +51.0% against +31.6%. PIMCO Commodity Strategy Active Exchange-Traded Fund and Invesco DB Commodity Index Tracking Fund.

CMDT costs 0.20 points a year less; their one-year returns differ by 19.4 points; DBC is 2.6 times larger.

	CMDT	DBC
Expense ratio	0.65%	0.85%
Net assets, CMDT as of Jun 30, 2026 and DBC as of Oct 8, 2026	$751m	$2.0bn
Total return, 1 year	+31.6%	+51.0%
Holdings in common	not published
Below its high		14.8%, high on Jul 2, 2008

+31.6%

CMDT total return, 1 year

+51.0%

DBC total return, 1 year

0.65%

CMDT expense ratio

0.85%

DBC expense ratio

On the same fields

CMDT

PIMCO Commodity Strategy Active Exchange-Traded Fund

DBC

Invesco DB Commodity Index Tracking Fund

Where it sits Commodity ETF Commodity ETF

Issuer PIMCO Invesco

What it is Actively managed Holds commodity futures

Total return, 1 year +31.6% +51.0%

S&P 500 over the same days +17.3% +17.3%

Gap to the S&P 500 +14.4 pts +33.8 pts

Expense ratio 0.65% 0.85%

Holdings 259 not read by ETFIQ

Net assets, CMDT as of Jun 30, 2026 and DBC as of Oct 8, 2026 $751m $2.0bn

CMDT and DBC on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

CMDT in plain words

CMDT is actively managed and tracks no index. The prospectus expense ratio is 0.65% a year.

Over the year to Oct 9, 2026 it returned +31.6% with distributions reinvested, against +40.2% for its benchmark, the Bloomberg Commodity Index Total Return.

DBC in plain words

DBC holds commodity futures. Over the year to Oct 9, 2026 it returned +51.0% with distributions reinvested. The prospectus expense ratio is 0.85% a year. It sat 14.8% below its high of Jul 2, 2008 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, CMDT or DBC?: In the year to Oct 9, 2026, with distributions reinvested, CMDT returned +31.6% and DBC +51.0%.
Which is cheaper, CMDT or DBC?: CMDT is cheaper, by 0.20 percentage points a year. On $10,000 held for a year that difference is about $20. Fees come from each fund's prospectus.

Other comparisons

CMDT vs COMT CMDT vs FTGC CMDT vs GSG CMDT vs SDCI CMDY vs DBC DBC vs SDCI DBC vs GSG DBC vs NBCM

CMDT on its own →DBC on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

CMDT filings on SEC EDGAR ↗CMDT prospectus with the expense ratio (SEC) ↗PIMCO website ↗DBC filings on SEC EDGAR ↗Invesco page for DBC ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, CMDT against DBC, data as of Oct 9, 2026. https://etfiq.com/compare/any/cmdt-vs-dbc

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.