What is the expense ratio of DBC vs RPV?

DBC has an expense ratio of 0.84%, while RPV has an expense ratio of 0.35%.

DBC vs RPV

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

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 2.39%. Launched in 2006, the fund has a 20-year track record.

AUM: $1.7B ER: 0.35% Yield: 2.39% Since: Mar 1, 2006

Quick Verdict

RPV is significantly cheaper at 0.35% vs 0.84% expense ratio, saving you approximately $932 per $10,000 invested over 10 years. Over the past year, DBC has significantly outperformed with a 39.4% return vs 28.4%.

Key Metrics

Metric	DBC	RPV
Expense Ratio	0.84%	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)

DBC +71.3%

RPV +43.8%

Performance Comparison

Period	DBC	RPV	Difference
1 Month	+2.24%	+0.53%	+1.71%
3 Months	+24.02%	+1.21%	+22.81%
6 Months	+28.68%	+11.76%	+16.92%
YTD	+28.45%	+3.67%	+24.78%
1 Year	+39.41%	+28.36%	+11.05%
3 Years	+18.60%	+40.78%	-22.18%
5 Years	+71.29%	+43.81%	+27.48%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	DBC Fees	RPV Fees	You Save
$10,000	10 years	$1,622	$690	$932
$10,000	20 years	$6,739	$2,930	$3,809
$10,000	30 years	$21,014	$9,337	$11,677
$50,000	10 years	$8,108	$3,448	$4,660
$50,000	30 years	$105,070	$46,685	$58,385
$100,000	30 years	$210,141	$93,370	$116,771

Risk Metrics

Based on 5 years of daily returns

Metric	DBC	RPV
Annualized Volatility	19.3%	18.1%
Max Drawdown	-34.0%	-24.1%
Sharpe Ratio	0.42	0.25

Dividend Comparison

Metric	DBC	RPV
Annual Dividend (per share)	$0.74	$2.59
Dividend Yield	2.59%	2.39%
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%

RPV Top Holdings

Name	Weight
Bunge Global SABG	2.73%
Dow Inc.DOW	2.73%
Archer-Daniels-Midland CompanyADM	2.19%
LyondellBasell Industries N.V.LYB	2.15%
The Mosaic CompanyMOS	2.02%
Tyson Foods, Inc.TSN	1.93%
Ford Motor CompanyF	1.73%
The Cigna GroupCI	1.72%
General Motors CompanyGM	1.68%
Target CorporationTGT	1.61%

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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