ETF Versus

DBC vs QQQ

Invesco DB Commodity Index Tracking Fund vs Invesco QQQ Trust

Last updated: 2026-04-02

DBC Invesco

Invesco DB Commodity Index Tracking Fund (DBC) is an exchange-traded fund issued by Invesco that provides exposure to broad commodities securities. It charges a high expense ratio of 0.87%. The fund offers an attractive dividend yield of 2.56%. Launched in 2006, the fund has a 20-year track record.

AUM: N/A ER: 0.87% Yield: 2.56% Since: 2006-02-06
QQQ Invesco

Invesco QQQ Trust (QQQ) is an exchange-traded fund issued by Invesco that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a moderate expense ratio of 0.20%. The fund offers a modest dividend yield of 0.48%. Launched in 1999, the fund has a 27-year track record.

AUM: $407.7B ER: 0.20% Yield: 0.48% Since: 1999-03-10

Quick Verdict

QQQ is significantly cheaper at 0.20% vs 0.87% expense ratio, saving you approximately $1,281 per $10,000 invested over 10 years. Over the past year, DBC has significantly outperformed with a 28.3% return vs 22.5%. Income investors may prefer DBC for its higher yield (2.6% vs 0.5%).

Key Metrics

Metric DBC QQQ
Expense Ratio 0.87% 0.20%
Dividend Yield 2.6% 0.5%
Fund Family Invesco Invesco
Category Broad Commodities US Large Cap Growth

Performance Chart

Indexed to 100 at start (5-year comparison)

75 99 123 147 171 195 2021-04 2022-06 2023-10 2024-12 2026-04
DBC +74.7%
QQQ +76.2%

Performance Comparison

Period DBC QQQ Difference
1 Month +12.20% -3.02% +15.22%
3 Months +29.83% -4.85% +34.68%
6 Months +28.40% -4.00% +32.40%
YTD +29.83% -4.85% +34.68%
1 Year +28.34% +22.53% +5.81%
3 Years +20.47% +82.23% -61.76%
5 Years +74.70% +76.23% -1.53%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period DBC Fees QQQ Fees You Save
$10,000 10 years $1,677 $396 $1,281
$10,000 20 years $6,961 $1,696 $5,265
$10,000 30 years $21,680 $5,443 $16,237
$50,000 10 years $8,387 $1,982 $6,405
$50,000 30 years $108,400 $27,214 $81,186
$100,000 30 years $216,800 $54,428 $162,372

Risk Metrics

Based on 5 years of daily returns

Metric DBC QQQ
Annualized Volatility 19.2% 22.4%
Max Drawdown -34.0% -35.6%
Sharpe Ratio 0.45 0.42

Dividend Comparison

Metric DBC QQQ
Annual Dividend (per share) $0.74 $2.81
Dividend Yield 2.56% 0.48%
Distribution Frequency Semi-Annual or Annual Quarterly

Top Holdings

QQQ Top Holdings

NameWeight
NVIDIA Corp.903.46%
Apple Inc.800.82%
Microsoft Corp.716.56%
Amazon.com, Inc.491.91%
Tesla, Inc.396.59%
Meta Platforms, Inc.386.46%
Alphabet Inc.338.25%
Broadcom Inc.325.82%
Palantir Technologies Inc.223.47%

Which One Should You Choose?

Choose QQQ if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose DBC if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose DBC if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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