DB Commodity Services LLC, a wholly-owned subsidiary of Deutsche Bank AG, and Invesco PowerShares Capital Management LLC, a leading provider of exchange-traded funds (ETFs), are commemorating the five-year anniversary of the PowerShares DB Commodity Index Tracking Fund (NYSE Arca: DBC), the first and largest broad-based commodity ETF listed in the U.S.
DBC, the original commodity ETF designed with a rules-based index methodology, helps investors minimize the effects of negative roll yield that can be experienced with conventional commodity indexes.
Since its inception, DBC has outperformed two benchmark broad commodity indexes as well as the S&P 500. For the five-year period ending March 31, 2011, DBC achieved a cumulative total return of 36.14% based on NAV (net asset value), significantly outperforming the two benchmark broad commodity indexes, which had a cumulative total returns ranging between -15.61% and 13.50% (see chart below).
“The PowerShares DB Commodity Index Tracking Fund has provided investors convenient, low-cost access to the commodity markets for five years,” said Martin Kremenstein, Chief Investment Officer, DB Commodity Services LLC. “Since 2006, we have built on the success of DBC to offer a comprehensive platform of commodity ETFs and ETNs, including products that take a long, short, or leveraged view on the performance of agricultural commodities, oil and metals.”“We are honored to celebrate this five-year milestone for DBC, which has delivered on its goal of providing investors improved risk-adjusted returns compared to leading broad commodity benchmarks,” said Ben Fulton, managing director of global ETFs, Invesco PowerShares. “We are committed to continuing to educate investors about the benefits of commodities and the PowerShares DB product suite.” Below is a history of DBC’s annualized performance over the past five years.
|DBC Fund History (%)||1 Year||3 Year||5 Year|| Since DBC Inception
(Feb. 3, 2006)
|NAV (net asset value)||29.57||-4.71||6.36||6.08|
|Benchmark Index History (%)|
|S&P GSCI Commodity Index||22.73||-12.41||-3.34||-3.75|
|DJ-UBS Commodity Index||28.49||-5.2||2.56||1.76|
|S&P 500 Index||15.65||2.35||2.62||3.09|