ETF Versus

DBC vs RPV

Invesco DB Commodity Index Tracking Fund vs Invesco S&P 500 Pure Value ETF

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
RPV Invesco

Invesco S&P 500 Pure Value ETF (RPV) is an exchange-traded fund issued by Invesco that provides exposure to large-cap U.S. value stocks trading at below-market valuations. It charges an above-average expense ratio of 0.35%. The fund offers a moderate dividend yield of 2.41%. Launched in 2006, the fund has a 20-year track record.

AUM: N/A ER: 0.35% Yield: 2.41% Since: 2006-03-07

Quick Verdict

RPV is significantly cheaper at 0.35% vs 0.87% expense ratio, saving you approximately $988 per $10,000 invested over 10 years. Over the past year, DBC has significantly outperformed with a 28.3% return vs 15.4%.

Key Metrics

Metric DBC RPV
Expense Ratio 0.87% 0.35%
Dividend Yield 2.6% 2.4%
Fund Family Invesco Invesco
Category Broad Commodities US Large Cap Value

Performance Chart

Indexed to 100 at start (5-year comparison)

90 109 128 147 166 185 2021-04 2022-06 2023-10 2024-12 2026-04
DBC +74.7%
RPV +43.0%

Performance Comparison

Period DBC RPV Difference
1 Month +12.20% -3.25% +15.45%
3 Months +29.83% +2.65% +27.18%
6 Months +28.40% +7.25% +21.15%
YTD +29.83% +2.65% +27.18%
1 Year +28.34% +15.42% +12.92%
3 Years +20.47% +41.24% -20.77%
5 Years +74.70% +43.01% +31.69%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period DBC Fees RPV Fees You Save
$10,000 10 years $1,677 $690 $988
$10,000 20 years $6,961 $2,930 $4,032
$10,000 30 years $21,680 $9,337 $12,343
$50,000 10 years $8,387 $3,448 $4,939
$50,000 30 years $108,400 $46,685 $61,715
$100,000 30 years $216,800 $93,370 $123,430

Risk Metrics

Based on 5 years of daily returns

Metric DBC RPV
Annualized Volatility 19.2% 18.1%
Max Drawdown -34.0% -24.1%
Sharpe Ratio 0.45 0.24

Dividend Comparison

Metric DBC RPV
Annual Dividend (per share) $0.74 $2.59
Dividend Yield 2.56% 2.41%
Distribution Frequency Semi-Annual or Annual Quarterly

Which One Should You Choose?

Choose RPV 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.

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