DBC vs HARD
Invesco DB Commodity Index Tracking Fund compared with Simplify Commodities Strategy No K-1 ETF on yield, payout growth, payment schedule, cost and risk.
DBC
Invesco DB Commodity Index Tracking Fund
TTM yield · Annual
HARD
Simplify Commodities Strategy No K-1 ETF
TTM yield · Quarterly
Quick take
- HARD yields more today: 3.57% vs 2.33% (forward).
- HARD has grown its payout faster: 17.9%/yr vs -33.3%/yr over the last 1 year.
- DBC pays once a year; HARD pays every quarter.
- Over the last year DBC delivered the higher total return: +47.0% vs +13.1% (price change plus payouts).
- HARD is cheaper to own: 0.78% vs 0.85% expense ratio.
- HARD has the steadier distribution: consistency 66/100 vs 40/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | DBC | HARD |
|---|---|---|
| Share price | $31.90 | $33.61 |
| TTM yield | 2.33% | 3.57% |
| Forward yield | 2.33% | 3.57% |
| Annual payout per share | $0.744 | $1.20 |
| Payment frequency | Annual | Quarterly |
| Next ex-date | Dec 21, 2026 (est.) | Sep 24, 2026 (est.) |
| Expense ratio | 0.85% | 0.78% |
| 1-year payout growth | -33.3% | +17.9% |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | 0 years | 0 years |
| Payout consistency (last 12) | 40/100 | 66/100 |
| 1-year total return | +47.0% | +13.1% |
| 1-year price return | +43.6% | +9.2% |
| Size (market cap / AUM) | 1.8B | 64.5M |
| Years paying | 19.7 | 3.2 |
| Sector / category | Commodities Broad Basket | Commodities Broad Basket |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| DBC | HARD | |
|---|---|---|
| Shares | 313.5 | 297.5 |
| Income per year | $233 | $357 |
| Income per month (avg) | $19 | $30 |
At forward yields, before taxes. Model DBC · Model HARD
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| DBC Dec 21, 2026 | Jan 4, 2027 | $0.744 | Est. |
| HARD Sep 24, 2026 | Oct 8, 2026 | $0.30 | Est. |
| HARD Dec 24, 2026 | Jan 7, 2027 | $0.30 | Est. |
| HARD Mar 25, 2027 | Apr 8, 2027 | $0.30 | Est. |
Annual payouts per share
DBCHARD
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, DBC or HARD?
HARD currently has the higher trailing yield: DBC yields 2.33% and HARD yields 3.57%. Yield changes daily with price, so check the live figures above.
How often do DBC and HARD pay?
DBC pays once a year and HARD pays every quarter. DBC's next ex-date is Dec 21, 2026 and HARD's is Sep 24, 2026.
Which has grown its dividend faster, DBC or HARD?
HARD has grown its payout faster: 17.9%/yr vs -33.3%/yr over the last 1 year.
Is DBC or HARD better for income?
It depends on what you are optimising for. DBC and HARD differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.