What is the expense ratio of DBC vs QQQM?

DBC has an expense ratio of 0.84%, while QQQM has an expense ratio of 0.15%.

DBC vs QQQM

Invesco DB Commodity Index Tracking Fund vs Invesco NASDAQ 100 ETF

Last updated: 2026-04-10

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 0.84%. The fund offers an attractive dividend yield of 2.60%. Launched in 2006, the fund has a 20-year track record.

AUM: $1.7B ER: 0.84% Yield: 2.60% Since: Feb 3, 2006

QQQM Invesco

Invesco NASDAQ 100 ETF (QQQM) 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 low expense ratio of 0.15%. The fund offers a modest dividend yield of 0.50%. Launched in 2020, the fund has a 6-year track record.

AUM: $72.6B ER: 0.15% Yield: 0.50% Since: Oct 13, 2020

Quick Verdict

QQQM is significantly cheaper at 0.15% vs 0.84% expense ratio, saving you approximately $1,324 per $10,000 invested over 10 years. DBC has edged ahead over the past year (39.4% vs 37.0%). Income investors may prefer DBC for its higher yield (2.6% vs 0.5%).

Key Metrics

Metric	DBC	QQQM
Expense Ratio	0.84%	0.15%
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)

DBC +71.3%

QQQM +81.9%

Performance Comparison

Period	DBC	QQQM	Difference
1 Month	+2.24%	+0.58%	+1.66%
3 Months	+24.02%	-2.54%	+26.56%
6 Months	+28.68%	+1.55%	+27.13%
YTD	+28.45%	-0.31%	+28.76%
1 Year	+39.41%	+36.96%	+2.45%
3 Years	+18.60%	+93.79%	-75.19%
5 Years	+71.29%	+81.86%	-10.57%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	DBC Fees	QQQM Fees	You Save
$10,000	10 years	$1,622	$298	$1,324
$10,000	20 years	$6,739	$1,278	$5,461
$10,000	30 years	$21,014	$4,109	$16,905
$50,000	10 years	$8,108	$1,490	$6,618
$50,000	30 years	$105,070	$20,547	$84,523
$100,000	30 years	$210,141	$41,094	$169,047

Risk Metrics

Based on 5 years of daily returns

Metric	DBC	QQQM
Annualized Volatility	19.3%	22.2%
Max Drawdown	-34.0%	-35.6%
Sharpe Ratio	0.42	0.45

Dividend Comparison

Metric	DBC	QQQM
Annual Dividend (per share)	$0.74	$1.27
Dividend Yield	2.59%	0.50%
Distribution Frequency	Semi-Annual or Annual	Quarterly

Top Holdings

0 of top 4 holdings overlap (0% overlap in top holdings)

DBC Top Holdings

Name	Weight
Short-Term Investment Trust - Invesco Government & Agency Portfolio!mutf/AGPXX	41.82%
Invesco Short Term Treasury ETF#TBLL	6.29%
Brent Crude Future July 26COU6	5.08%
Brent Crude Future June 26CO30	3.25%

QQQM Top Holdings

Name	Weight
NVIDIA CorporationNVDA	8.62%
Apple Inc.AAPL	7.41%
Microsoft CorporationMSFT	5.42%
Amazon.com, Inc.AMZN	4.63%
Meta Platforms, Inc.META	3.52%
Walmart Inc.WMT	3.35%
Tesla, Inc.TSLA	3.34%
Alphabet Inc.GOOG	3.33%
Broadcom Inc.AVGO	3.24%

Which One Should You Choose?

Choose QQQM 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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