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<!-- DFIN ActiveDisclosure(SM) XBRL Linkbase Document - http://www.dfinsolutions.com/ -->
<!-- Creation Date      : 2019-05-04T07:27:43.9235557+00:00 -->
<!-- Version            : 3.4.7044.22220 -->
<!-- Package ID         : 0267ae204ec5439483545a046089247e -->
<!-- Copyright (c) 2019 Donnelley Financial Solutions, Inc. All Rights Reserved. -->
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    <link:loc xlink:href="dbc-20190331.xsd#dbc_StockIssuedDuringPeriodSharesPeriodIncreaseDecreaseDueToShareTransactions" xlink:type="locator" xlink:label="dbc_StockIssuedDuringPeriodSharesPeriodIncreaseDecreaseDueToShareTransactions" />
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    <link:loc xlink:href="dbc-20190331.xsd#dbc_FinancialInstrumentsOwnedExchangeTradedFund" xlink:type="locator" xlink:label="dbc_FinancialInstrumentsOwnedExchangeTradedFund" />
    <link:label xml:lang="en-US" xlink:label="dbc_FinancialInstrumentsOwnedExchangeTradedFund_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Financial instruments owned exchange traded fund.</link:label>
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    <link:loc xlink:href="dbc-20190331.xsd#dbc_FinancialInstrumentsOwnedMoneyMarketMutualFundAtFairValue" xlink:type="locator" xlink:label="dbc_FinancialInstrumentsOwnedMoneyMarketMutualFundAtFairValue" />
    <link:label xml:lang="en-US" xlink:label="dbc_FinancialInstrumentsOwnedMoneyMarketMutualFundAtFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Financial instruments owned money market mutual fund at fair value.</link:label>
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    <link:loc xlink:href="dbc-20190331.xsd#dbc_DocumentAndEntityInformationAbstract" xlink:type="locator" xlink:label="dbc_DocumentAndEntityInformationAbstract" />
    <link:label xml:lang="en-US" xlink:label="dbc_DocumentAndEntityInformationAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Document and entity information.</link:label>
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    <link:label xml:lang="en-US" xlink:label="dbc_DocumentAndEntityInformationAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Document And Entity Information [Abstract]</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_DocumentType" xlink:type="locator" xlink:label="dei_DocumentType" />
    <link:label xml:lang="en-US" xlink:label="dei_DocumentType_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Type</link:label>
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    <link:label xml:lang="en-US" xlink:label="dei_DocumentType_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Document Type</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_AmendmentFlag" xlink:type="locator" xlink:label="dei_AmendmentFlag" />
    <link:label xml:lang="en-US" xlink:label="dei_AmendmentFlag_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amendment Flag</link:label>
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    <link:loc xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_DocumentPeriodEndDate" xlink:type="locator" xlink:label="dei_DocumentPeriodEndDate" />
    <link:label xml:lang="en-US" xlink:label="dei_DocumentPeriodEndDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Period End Date</link:label>
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    <link:label xml:lang="en-US" xlink:label="dei_DocumentPeriodEndDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Document Period End Date</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:type="locator" xlink:label="dei_DocumentFiscalYearFocus" />
    <link:label xml:lang="en-US" xlink:label="dei_DocumentFiscalYearFocus_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Fiscal Year Focus</link:label>
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    <link:label xml:lang="en-US" xlink:label="dei_DocumentFiscalYearFocus_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Document Fiscal Year Focus</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:type="locator" xlink:label="dei_DocumentFiscalPeriodFocus" />
    <link:label xml:lang="en-US" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Fiscal Period Focus</link:label>
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    <link:label xml:lang="en-US" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Document Fiscal Period Focus</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_TradingSymbol" xlink:type="locator" xlink:label="dei_TradingSymbol" />
    <link:label xml:lang="en-US" xlink:label="dei_TradingSymbol_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Trading Symbol</link:label>
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    <link:label xml:lang="en-US" xlink:label="dei_TradingSymbol_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Trading Symbol</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityRegistrantName" xlink:type="locator" xlink:label="dei_EntityRegistrantName" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityRegistrantName_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Registrant Name</link:label>
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    <link:label xml:lang="en-US" xlink:label="dei_EntityRegistrantName_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Registrant Name</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityCentralIndexKey_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Central Index Key</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:type="locator" xlink:label="dei_CurrentFiscalYearEndDate" />
    <link:label xml:lang="en-US" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Current Fiscal Year End Date</link:label>
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    <link:label xml:lang="en-US" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Current Fiscal Year End Date</link:label>
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    <link:label xml:lang="en-US" xlink:label="dei_EntityFilerCategory_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Filer Category</link:label>
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    <link:label xml:lang="en-US" xlink:label="dei_EntityFilerCategory_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Filer Category</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntitySmallBusiness" xlink:type="locator" xlink:label="dei_EntitySmallBusiness" />
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    <link:label xml:lang="en-US" xlink:label="dei_EntitySmallBusiness_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Small Business</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityEmergingGrowthCompany" xlink:type="locator" xlink:label="dei_EntityEmergingGrowthCompany" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Emerging Growth Company</link:label>
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    <link:label xml:lang="en-US" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Emerging Growth Company</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:type="locator" xlink:label="dei_EntityCommonStockSharesOutstanding" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Common Stock, Shares Outstanding</link:label>
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    <link:label xml:lang="en-US" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Common Stock Shares Outstanding</link:label>
    <link:loc xlink:href="dbc-20190331.xsd#dbc_InvestmentOwnedUnrecognizedUnrealizedAppreciationReclassed" xlink:type="locator" xlink:label="dbc_InvestmentOwnedUnrecognizedUnrealizedAppreciationReclassed" />
    <link:label xml:lang="en-US" xlink:label="dbc_InvestmentOwnedUnrecognizedUnrealizedAppreciationReclassed_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Investment owned unrecognized unrealized appreciation reclassed.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dbc_InvestmentOwnedUnrecognizedUnrealizedAppreciationReclassed" xlink:to="dbc_InvestmentOwnedUnrecognizedUnrealizedAppreciationReclassed_lbl" />
    <link:loc xlink:href="dbc-20190331.xsd#dbc_OtherInvestmentsLiabilitiesAbstract" xlink:type="locator" xlink:label="dbc_OtherInvestmentsLiabilitiesAbstract" />
    <link:label xml:lang="en-US" xlink:label="dbc_OtherInvestmentsLiabilitiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Other investments liabilities abstract.</link:label>
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    <link:loc xlink:href="dbc-20190331.xsd#dbc_PayableToClearingOrganizations" xlink:type="locator" xlink:label="dbc_PayableToClearingOrganizations" />
    <link:label xml:lang="en-US" xlink:label="dbc_PayableToClearingOrganizations_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Payable to clearing organizations.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dbc_PayableToClearingOrganizations" xlink:to="dbc_PayableToClearingOrganizations_lbl" />
    <link:loc xlink:href="dbc-20190331.xsd#dbc_InvestmentOwnedUnrecognizedUnrealizedDepreciationReclassed" xlink:type="locator" xlink:label="dbc_InvestmentOwnedUnrecognizedUnrealizedDepreciationReclassed" />
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    <link:loc xlink:href="dbc-20190331.xsd#dbc_PayableDueToCustodian" xlink:type="locator" xlink:label="dbc_PayableDueToCustodian" />
    <link:label xml:lang="en-US" xlink:label="dbc_PayableDueToCustodian_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Payable due to custodian.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dbc_PayableDueToCustodian" xlink:to="dbc_PayableDueToCustodian_lbl" />
    <link:loc xlink:href="dbc-20190331.xsd#dbc_MarketValuePerShare" xlink:type="locator" xlink:label="dbc_MarketValuePerShare" />
    <link:label xml:lang="en-US" xlink:label="dbc_MarketValuePerShare_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Market value per share.</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:type="locator" xlink:label="us-gaap_StatementOfFinancialPositionAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_StatementOfFinancialPositionAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Statement Of Financial Position [Abstract]</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_AssetsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Assets</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_AssetsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Assets [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue" xlink:type="locator" xlink:label="us-gaap_FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">United States Treasury Obligations, at value (cost $1,447,642,314 and $1,614,486,381, respectively)</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InvestmentsInAndAdvancesToAffiliatesAtFairValue" xlink:type="locator" xlink:label="us-gaap_InvestmentsInAndAdvancesToAffiliatesAtFairValue" />
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    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentsInAndAdvancesToAffiliatesAtFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Investments In And Advances To Affiliates At Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OtherInvestmentsAbstract" xlink:type="locator" xlink:label="us-gaap_OtherInvestmentsAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OtherInvestmentsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other investments:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherInvestmentsAbstract" xlink:to="us-gaap_OtherInvestmentsAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OtherInvestmentsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Other Investments [Abstract]</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_InvestmentOwnedUnrecognizedUnrealizedAppreciationReclassed_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unrealized appreciation on LME Commodity Futures Contracts</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_InvestmentOwnedUnrecognizedUnrealizedAppreciationReclassed_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Investment Owned Unrecognized Unrealized Appreciation Reclassed</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NontradeReceivablesUnclassifiedAbstract" xlink:type="locator" xlink:label="us-gaap_NontradeReceivablesUnclassifiedAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NontradeReceivablesUnclassifiedAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Receivable for:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NontradeReceivablesUnclassifiedAbstract" xlink:to="us-gaap_NontradeReceivablesUnclassifiedAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NontradeReceivablesUnclassifiedAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Nontrade Receivables Unclassified [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DividendsReceivable" xlink:type="locator" xlink:label="us-gaap_DividendsReceivable" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DividendsReceivable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Dividends from affiliates</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsReceivable" xlink:to="us-gaap_DividendsReceivable_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DividendsReceivable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Dividends Receivable</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OtherReceivables" xlink:type="locator" xlink:label="us-gaap_OtherReceivables" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OtherReceivables_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherReceivables" xlink:to="us-gaap_OtherReceivables_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OtherReceivables_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Other Receivables</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_Assets" xlink:type="locator" xlink:label="us-gaap_Assets" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_Assets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Assets" xlink:to="us-gaap_Assets_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_Assets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:type="locator" xlink:label="us-gaap_LiabilitiesAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LiabilitiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAbstract" xlink:to="us-gaap_LiabilitiesAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LiabilitiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities [Abstract]</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_OtherInvestmentsLiabilitiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other investments:</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_OtherInvestmentsLiabilitiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Other Investments Liabilities [Abstract]</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_PayableToClearingOrganizations_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Variation margin payable- Commodity Futures Contracts</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_PayableToClearingOrganizations_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Payable To Clearing Organizations</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_TradingLiabilities" xlink:type="locator" xlink:label="us-gaap_TradingLiabilities" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_TradingLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">LME Commodity Futures Contracts payable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TradingLiabilities" xlink:to="us-gaap_TradingLiabilities_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_TradingLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Trading Liabilities</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_InvestmentOwnedUnrecognizedUnrealizedDepreciationReclassed_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unrealized depreciation on LME Commodity Futures Contracts</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_InvestmentOwnedUnrecognizedUnrealizedDepreciationReclassed_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Investment Owned Unrecognized Unrealized Depreciation Reclassed</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PayablesToBrokerDealersAndClearingOrganizationsAbstract" xlink:type="locator" xlink:label="us-gaap_PayablesToBrokerDealersAndClearingOrganizationsAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PayablesToBrokerDealersAndClearingOrganizationsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Payable for:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PayablesToBrokerDealersAndClearingOrganizationsAbstract" xlink:to="us-gaap_PayablesToBrokerDealersAndClearingOrganizationsAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PayablesToBrokerDealersAndClearingOrganizationsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Payables To Broker Dealers And Clearing Organizations [Abstract]</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_PayableDueToCustodian_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Due to custodian</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_PayableDueToCustodian_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Payable Due To Custodian</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DueToRelatedPartiesCurrentAndNoncurrent" xlink:type="locator" xlink:label="us-gaap_DueToRelatedPartiesCurrentAndNoncurrent" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DueToRelatedPartiesCurrentAndNoncurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Management fees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DueToRelatedPartiesCurrentAndNoncurrent" xlink:to="us-gaap_DueToRelatedPartiesCurrentAndNoncurrent_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DueToRelatedPartiesCurrentAndNoncurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Due To Related Parties Current And Noncurrent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CommissionsPayableToBrokerDealersAndClearingOrganizations" xlink:type="locator" xlink:label="us-gaap_CommissionsPayableToBrokerDealersAndClearingOrganizations" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_CommissionsPayableToBrokerDealersAndClearingOrganizations_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Brokerage commissions and fees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommissionsPayableToBrokerDealersAndClearingOrganizations" xlink:to="us-gaap_CommissionsPayableToBrokerDealersAndClearingOrganizations_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_CommissionsPayableToBrokerDealersAndClearingOrganizations_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Commissions Payable To Broker Dealers And Clearing Organizations</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_Liabilities" xlink:type="locator" xlink:label="us-gaap_Liabilities" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_Liabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Liabilities" xlink:to="us-gaap_Liabilities_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_Liabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:type="locator" xlink:label="us-gaap_CommitmentsAndContingencies" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_CommitmentsAndContingencies_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commitments and Contingencies (Note 10)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsAndContingencies" xlink:to="us-gaap_CommitmentsAndContingencies_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_CommitmentsAndContingencies_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Commitments And Contingencies</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PartnersCapitalAbstract" xlink:type="locator" xlink:label="us-gaap_PartnersCapitalAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PartnersCapitalAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PartnersCapitalAbstract" xlink:to="us-gaap_PartnersCapitalAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PartnersCapitalAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Partners Capital [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_GeneralPartnersCapitalAccount" xlink:type="locator" xlink:label="us-gaap_GeneralPartnersCapitalAccount" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_GeneralPartnersCapitalAccount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Shareholder&apos;s equity&#8212;General Shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GeneralPartnersCapitalAccount" xlink:to="us-gaap_GeneralPartnersCapitalAccount_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_GeneralPartnersCapitalAccount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">General Partners Capital Account</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LimitedPartnersCapitalAccount" xlink:type="locator" xlink:label="us-gaap_LimitedPartnersCapitalAccount" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LimitedPartnersCapitalAccount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Shareholders&apos; equity&#8212;Shares</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_LimitedPartnersCapitalAccount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Limited Partners Capital Account</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_StockholdersEquity" xlink:type="locator" xlink:label="us-gaap_StockholdersEquity" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_StockholdersEquity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total shareholders&apos; equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_StockholdersEquity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Stockholders Equity</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:type="locator" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total liabilities and equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquity" xlink:to="us-gaap_LiabilitiesAndStockholdersEquity_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities And Stockholders Equity</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_GeneralPartnersCapitalAccountUnitsOutstanding" xlink:type="locator" xlink:label="us-gaap_GeneralPartnersCapitalAccountUnitsOutstanding" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_GeneralPartnersCapitalAccountUnitsOutstanding_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">General Shares outstanding</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GeneralPartnersCapitalAccountUnitsOutstanding" xlink:to="us-gaap_GeneralPartnersCapitalAccountUnitsOutstanding_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_GeneralPartnersCapitalAccountUnitsOutstanding_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">General Partners Capital Account Units Outstanding</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LimitedPartnersCapitalAccountUnitsOutstanding" xlink:type="locator" xlink:label="us-gaap_LimitedPartnersCapitalAccountUnitsOutstanding" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LimitedPartnersCapitalAccountUnitsOutstanding_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Shares outstanding</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LimitedPartnersCapitalAccountUnitsOutstanding" xlink:to="us-gaap_LimitedPartnersCapitalAccountUnitsOutstanding_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LimitedPartnersCapitalAccountUnitsOutstanding_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Limited Partners Capital Account Units Outstanding</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NetAssetValuePerShare" xlink:type="locator" xlink:label="us-gaap_NetAssetValuePerShare" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NetAssetValuePerShare_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net asset value per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetAssetValuePerShare" xlink:to="us-gaap_NetAssetValuePerShare_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NetAssetValuePerShare_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Net Asset Value Per Share</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_MarketValuePerShare_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Market value per share</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_MarketValuePerShare_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Market Value Per Share</link:label>
    <link:loc xlink:href="dbc-20190331.xsd#dbc_InvestmentsInAndAdvancesToAffiliatesAtCost" xlink:type="locator" xlink:label="dbc_InvestmentsInAndAdvancesToAffiliatesAtCost" />
    <link:label xml:lang="en-US" xlink:label="dbc_InvestmentsInAndAdvancesToAffiliatesAtCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Investments in and advances to affiliates at cost.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dbc_InvestmentsInAndAdvancesToAffiliatesAtCost" xlink:to="dbc_InvestmentsInAndAdvancesToAffiliatesAtCost_lbl" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_StatementTable" xlink:type="locator" xlink:label="us-gaap_StatementTable" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_StatementTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Statement [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementTable" xlink:to="us-gaap_StatementTable_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_StatementTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Statement [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_ConsolidatedEntitiesAxis" xlink:type="locator" xlink:label="srt_ConsolidatedEntitiesAxis" />
    <link:label xml:lang="en-US" xlink:label="srt_ConsolidatedEntitiesAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Consolidated Entities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ConsolidatedEntitiesAxis" xlink:to="srt_ConsolidatedEntitiesAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="srt_ConsolidatedEntitiesAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Consolidated Entities [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_ConsolidatedEntitiesDomain" xlink:type="locator" xlink:label="srt_ConsolidatedEntitiesDomain" />
    <link:label xml:lang="en-US" xlink:label="srt_ConsolidatedEntitiesDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Consolidated Entities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ConsolidatedEntitiesDomain" xlink:to="srt_ConsolidatedEntitiesDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="srt_ConsolidatedEntitiesDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Consolidated Entities [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_AffiliatedEntityMember" xlink:type="locator" xlink:label="srt_AffiliatedEntityMember" />
    <link:label xml:lang="en-US" xlink:label="srt_AffiliatedEntityMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Affiliated Investments [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_AffiliatedEntityMember" xlink:to="srt_AffiliatedEntityMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="srt_AffiliatedEntityMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Affiliated Entity [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InvestmentTypeAxis" xlink:type="locator" xlink:label="us-gaap_InvestmentTypeAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment Type</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentTypeAxis" xlink:to="us-gaap_InvestmentTypeAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Investment Type [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember" xlink:type="locator" xlink:label="us-gaap_InvestmentTypeCategorizationMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentTypeCategorizationMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentTypeCategorizationMember" xlink:to="us-gaap_InvestmentTypeCategorizationMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentTypeCategorizationMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Investment Type Categorization [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_USTreasuryBillSecuritiesMember" xlink:type="locator" xlink:label="us-gaap_USTreasuryBillSecuritiesMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_USTreasuryBillSecuritiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">US Treasury Bill Securities [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_USTreasuryBillSecuritiesMember" xlink:to="us-gaap_USTreasuryBillSecuritiesMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_USTreasuryBillSecuritiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">U S Treasury Bill Securities [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_StatementLineItems" xlink:type="locator" xlink:label="us-gaap_StatementLineItems" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_StatementLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Statement [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_StatementLineItems_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_StatementLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Statement [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InvestmentOwnedAtCost" xlink:type="locator" xlink:label="us-gaap_InvestmentOwnedAtCost" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentOwnedAtCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments in Securities, cost</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentOwnedAtCost" xlink:to="us-gaap_InvestmentOwnedAtCost_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentOwnedAtCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Investment Owned At Cost</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_InvestmentsInAndAdvancesToAffiliatesAtCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Affiliated Investments, at Cost</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_InvestmentsInAndAdvancesToAffiliatesAtCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Investments In And Advances To Affiliates At Cost</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ScheduleOfInvestmentsAbstract" xlink:type="locator" xlink:label="us-gaap_ScheduleOfInvestmentsAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfInvestmentsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Investments [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfInvestmentsAbstract" xlink:to="us-gaap_ScheduleOfInvestmentsAbstract_lbl" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ScheduleOfInvestmentsTable" xlink:type="locator" xlink:label="us-gaap_ScheduleOfInvestmentsTable" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfInvestmentsTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule Of Investments [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfInvestmentsTable" xlink:to="us-gaap_ScheduleOfInvestmentsTable_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfInvestmentsTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Investments [Table]</link:label>
    <link:loc xlink:href="dbc-20190331.xsd#dbc_USTreasuryBillsTwoPointFourSixFivePercentageDueAprilFourTwoThousandNineteenMember" xlink:type="locator" xlink:label="dbc_USTreasuryBillsTwoPointFourSixFivePercentageDueAprilFourTwoThousandNineteenMember" />
    <link:label xml:lang="en-US" xlink:label="dbc_USTreasuryBillsTwoPointFourSixFivePercentageDueAprilFourTwoThousandNineteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Member stands for U.S. Treasury Bills, 2.465% due April 4, 2019.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dbc_USTreasuryBillsTwoPointFourSixFivePercentageDueAprilFourTwoThousandNineteenMember" xlink:to="dbc_USTreasuryBillsTwoPointFourSixFivePercentageDueAprilFourTwoThousandNineteenMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="dbc_USTreasuryBillsTwoPointFourSixFivePercentageDueAprilFourTwoThousandNineteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">U.S. Treasury Bills, 2.465% due April 4, 2019 [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_USTreasuryBillsTwoPointFourSixFivePercentageDueAprilFourTwoThousandNineteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">U S Treasury Bills Two Point Four Six Five Percentage Due April Four Two Thousand Nineteen [Member]</link:label>
    <link:loc xlink:href="dbc-20190331.xsd#dbc_USTreasuryBillsTwoPointFourSevenZeroPercentageDueAprilTwentyThreeTwoThousandNineteenMember" xlink:type="locator" xlink:label="dbc_USTreasuryBillsTwoPointFourSevenZeroPercentageDueAprilTwentyThreeTwoThousandNineteenMember" />
    <link:label xml:lang="en-US" xlink:label="dbc_USTreasuryBillsTwoPointFourSevenZeroPercentageDueAprilTwentyThreeTwoThousandNineteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">US treasury bills two point four seven zero percentage due April twenty three two thousand nineteen.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dbc_USTreasuryBillsTwoPointFourSevenZeroPercentageDueAprilTwentyThreeTwoThousandNineteenMember" xlink:to="dbc_USTreasuryBillsTwoPointFourSevenZeroPercentageDueAprilTwentyThreeTwoThousandNineteenMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="dbc_USTreasuryBillsTwoPointFourSevenZeroPercentageDueAprilTwentyThreeTwoThousandNineteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">U.S. Treasury Bills, 2.470% due April 23, 2019 [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_USTreasuryBillsTwoPointFourSevenZeroPercentageDueAprilTwentyThreeTwoThousandNineteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">U S Treasury Bills Two Point Four Seven Zero Percentage Due April Twenty Three Two Thousand Nineteen [Member]</link:label>
    <link:loc xlink:href="dbc-20190331.xsd#dbc_USTreasuryBillsTwoPointThreeSevenFivePercentageDueMayTwoTwoThousandNineteenMember" xlink:type="locator" xlink:label="dbc_USTreasuryBillsTwoPointThreeSevenFivePercentageDueMayTwoTwoThousandNineteenMember" />
    <link:label xml:lang="en-US" xlink:label="dbc_USTreasuryBillsTwoPointThreeSevenFivePercentageDueMayTwoTwoThousandNineteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">US treasury bills two point three seven five percentage due may two two thousand nineteen.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dbc_USTreasuryBillsTwoPointThreeSevenFivePercentageDueMayTwoTwoThousandNineteenMember" xlink:to="dbc_USTreasuryBillsTwoPointThreeSevenFivePercentageDueMayTwoTwoThousandNineteenMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="dbc_USTreasuryBillsTwoPointThreeSevenFivePercentageDueMayTwoTwoThousandNineteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">U.S. Treasury Bills, 2.375% due May 2, 2019 [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_USTreasuryBillsTwoPointThreeSevenFivePercentageDueMayTwoTwoThousandNineteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">U S Treasury Bills Two Point Three Seven Five Percentage Due May Two Two Thousand Nineteen [Member]</link:label>
    <link:loc xlink:href="dbc-20190331.xsd#dbc_USTreasuryBillsTwoPointFourSevenZeroPercentageDueJulyElevenThousandNineteenMember" xlink:type="locator" xlink:label="dbc_USTreasuryBillsTwoPointFourSevenZeroPercentageDueJulyElevenThousandNineteenMember" />
    <link:label xml:lang="en-US" xlink:label="dbc_USTreasuryBillsTwoPointFourSevenZeroPercentageDueJulyElevenThousandNineteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">US treasury bills two point four seven zero percentage due July eleven thousand nineteen.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dbc_USTreasuryBillsTwoPointFourSevenZeroPercentageDueJulyElevenThousandNineteenMember" xlink:to="dbc_USTreasuryBillsTwoPointFourSevenZeroPercentageDueJulyElevenThousandNineteenMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="dbc_USTreasuryBillsTwoPointFourSevenZeroPercentageDueJulyElevenThousandNineteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">U.S. Treasury Bills, 2.470% due July 11, 2019 [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_USTreasuryBillsTwoPointFourSevenZeroPercentageDueJulyElevenThousandNineteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">U S Treasury Bills Two Point Four Seven Zero Percentage Due July Eleven Thousand Nineteen [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_USTreasuryAndGovernmentMember" xlink:type="locator" xlink:label="us-gaap_USTreasuryAndGovernmentMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_USTreasuryAndGovernmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">United States Treasury Obligations [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_USTreasuryAndGovernmentMember" xlink:to="us-gaap_USTreasuryAndGovernmentMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_USTreasuryAndGovernmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">U S Treasury And Government [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ExchangeTradedFundsMember" xlink:type="locator" xlink:label="us-gaap_ExchangeTradedFundsMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ExchangeTradedFundsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Exchange-Traded Fund [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ExchangeTradedFundsMember" xlink:to="us-gaap_ExchangeTradedFundsMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ExchangeTradedFundsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Exchange Traded Funds [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_MoneyMarketFundsMember" xlink:type="locator" xlink:label="us-gaap_MoneyMarketFundsMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_MoneyMarketFundsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Money Market Mutual Fund - Invesco Premier U.S. Government Money Portfolio - Institutional Class [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MoneyMarketFundsMember" xlink:to="us-gaap_MoneyMarketFundsMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_MoneyMarketFundsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Money Market Funds [Member]</link:label>
    <link:loc xlink:href="dbc-20190331.xsd#dbc_USTreasuryBillsTwoPointOneSevenFivePercentageDueJanuaryThreeTwoThousandNineteenMember" xlink:type="locator" xlink:label="dbc_USTreasuryBillsTwoPointOneSevenFivePercentageDueJanuaryThreeTwoThousandNineteenMember" />
    <link:label xml:lang="en-US" xlink:label="dbc_USTreasuryBillsTwoPointOneSevenFivePercentageDueJanuaryThreeTwoThousandNineteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Member stands for U.S. Treasury Bills, 2.175% due January 3, 2019.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dbc_USTreasuryBillsTwoPointOneSevenFivePercentageDueJanuaryThreeTwoThousandNineteenMember" xlink:to="dbc_USTreasuryBillsTwoPointOneSevenFivePercentageDueJanuaryThreeTwoThousandNineteenMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="dbc_USTreasuryBillsTwoPointOneSevenFivePercentageDueJanuaryThreeTwoThousandNineteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">U.S. Treasury Bills, 2.175% due January 3, 2019 [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_USTreasuryBillsTwoPointOneSevenFivePercentageDueJanuaryThreeTwoThousandNineteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">U S Treasury Bills Two Point One Seven Five Percentage Due January Three Two Thousand Nineteen [Member]</link:label>
    <link:loc xlink:href="dbc-20190331.xsd#dbc_USTreasuryBillsTwoPointThreeSevenZeroPercentageDueFebruaryTwentyEightTwoThousandNineteenMember" xlink:type="locator" xlink:label="dbc_USTreasuryBillsTwoPointThreeSevenZeroPercentageDueFebruaryTwentyEightTwoThousandNineteenMember" />
    <link:label xml:lang="en-US" xlink:label="dbc_USTreasuryBillsTwoPointThreeSevenZeroPercentageDueFebruaryTwentyEightTwoThousandNineteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Member stands for US Treasury Bills, 2.370% due February 28, 2019.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dbc_USTreasuryBillsTwoPointThreeSevenZeroPercentageDueFebruaryTwentyEightTwoThousandNineteenMember" xlink:to="dbc_USTreasuryBillsTwoPointThreeSevenZeroPercentageDueFebruaryTwentyEightTwoThousandNineteenMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="dbc_USTreasuryBillsTwoPointThreeSevenZeroPercentageDueFebruaryTwentyEightTwoThousandNineteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">U.S. Treasury Bills, 2.370% due February 28, 2019 [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_USTreasuryBillsTwoPointThreeSevenZeroPercentageDueFebruaryTwentyEightTwoThousandNineteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">U S Treasury Bills Two Point Three Seven Zero Percentage Due February Twenty Eight Two Thousand Nineteen [Member]</link:label>
    <link:loc xlink:href="dbc-20190331.xsd#dbc_USTreasuryBillsTwoPointFourThreeZeroPercentageDueMayTwoTwoThousandNineteenMember" xlink:type="locator" xlink:label="dbc_USTreasuryBillsTwoPointFourThreeZeroPercentageDueMayTwoTwoThousandNineteenMember" />
    <link:label xml:lang="en-US" xlink:label="dbc_USTreasuryBillsTwoPointFourThreeZeroPercentageDueMayTwoTwoThousandNineteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Member stands for U.S. Treasury Bills, 2.430% due May 2, 2019.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dbc_USTreasuryBillsTwoPointFourThreeZeroPercentageDueMayTwoTwoThousandNineteenMember" xlink:to="dbc_USTreasuryBillsTwoPointFourThreeZeroPercentageDueMayTwoTwoThousandNineteenMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="dbc_USTreasuryBillsTwoPointFourThreeZeroPercentageDueMayTwoTwoThousandNineteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">U.S. Treasury Bills, 2.430% due May 2, 2019 [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_USTreasuryBillsTwoPointFourThreeZeroPercentageDueMayTwoTwoThousandNineteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">U S Treasury Bills Two Point Four Three Zero Percentage Due May Two Two Thousand Nineteen [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ScheduleOfInvestmentsLineItems" xlink:type="locator" xlink:label="us-gaap_ScheduleOfInvestmentsLineItems" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfInvestmentsLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Investments [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfInvestmentsLineItems" xlink:to="us-gaap_ScheduleOfInvestmentsLineItems_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfInvestmentsLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Investments [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InvestmentOwnedPercentOfNetAssets" xlink:type="locator" xlink:label="us-gaap_InvestmentOwnedPercentOfNetAssets" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentOwnedPercentOfNetAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of Shareholders&apos; Equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentOwnedPercentOfNetAssets" xlink:to="us-gaap_InvestmentOwnedPercentOfNetAssets_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentOwnedPercentOfNetAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Investment Owned Percent Of Net Assets</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">United States Treasury Obligations, Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InvestmentOwnedUnderlyingFaceAmountAtMarketValue" xlink:type="locator" xlink:label="us-gaap_InvestmentOwnedUnderlyingFaceAmountAtMarketValue" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentOwnedUnderlyingFaceAmountAtMarketValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">United States Treasury Obligations, Principal Value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentOwnedUnderlyingFaceAmountAtMarketValue" xlink:to="us-gaap_InvestmentOwnedUnderlyingFaceAmountAtMarketValue_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentOwnedUnderlyingFaceAmountAtMarketValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Investment Owned Underlying Face Amount At Market Value</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentsInAndAdvancesToAffiliatesAtFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Affiliated Investments, Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InvestmentsInAndAdvancesToAffiliatesBalanceShares" xlink:type="locator" xlink:label="us-gaap_InvestmentsInAndAdvancesToAffiliatesBalanceShares" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentsInAndAdvancesToAffiliatesBalanceShares_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Affiliated Investments, Shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentsInAndAdvancesToAffiliatesBalanceShares" xlink:to="us-gaap_InvestmentsInAndAdvancesToAffiliatesBalanceShares_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentsInAndAdvancesToAffiliatesBalanceShares_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Investments In And Advances To Affiliates Balance Shares</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InvestmentOwnedAtFairValue" xlink:type="locator" xlink:label="us-gaap_InvestmentOwnedAtFairValue" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentOwnedAtFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments in Securities, Value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentOwnedAtFairValue" xlink:to="us-gaap_InvestmentOwnedAtFairValue_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentOwnedAtFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Investment Owned At Fair Value</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentInterestRate" xlink:type="locator" xlink:label="invest_InvestmentInterestRate" />
    <link:label xml:lang="en-US" xlink:label="invest_InvestmentInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment Interest Rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="invest_InvestmentInterestRate" xlink:to="invest_InvestmentInterestRate_lbl" />
    <link:label xml:lang="en-US" xlink:label="invest_InvestmentInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Investment Interest Rate</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentMaturityDate1" xlink:type="locator" xlink:label="invest_InvestmentMaturityDate1" />
    <link:label xml:lang="en-US" xlink:label="invest_InvestmentMaturityDate1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment Maturity Date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="invest_InvestmentMaturityDate1" xlink:to="invest_InvestmentMaturityDate1_lbl" />
    <link:label xml:lang="en-US" xlink:label="invest_InvestmentMaturityDate1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Investment Maturity Date1</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentOwnedAtCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Investments in Securities, Cost</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_GoodFaithAndMarginDepositsWithBrokerDealers" xlink:type="locator" xlink:label="us-gaap_GoodFaithAndMarginDepositsWithBrokerDealers" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_GoodFaithAndMarginDepositsWithBrokerDealers_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Restricted for maintenance margin</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GoodFaithAndMarginDepositsWithBrokerDealers" xlink:to="us-gaap_GoodFaithAndMarginDepositsWithBrokerDealers_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_GoodFaithAndMarginDepositsWithBrokerDealers_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Good Faith And Margin Deposits With Broker Dealers</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_FutureMember" xlink:type="locator" xlink:label="us-gaap_FutureMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FutureMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Futures [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FutureMember" xlink:to="us-gaap_FutureMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FutureMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Future [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PositionAxis" xlink:type="locator" xlink:label="us-gaap_PositionAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PositionAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Position</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PositionAxis" xlink:to="us-gaap_PositionAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PositionAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Position [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PositionDomain" xlink:type="locator" xlink:label="us-gaap_PositionDomain" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PositionDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Position</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PositionDomain" xlink:to="us-gaap_PositionDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PositionDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Position [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LongMember" xlink:type="locator" xlink:label="us-gaap_LongMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LongMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Long [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongMember" xlink:to="us-gaap_LongMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LongMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Long [Member]</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentHoldingAxis" xlink:type="locator" xlink:label="invest_InvestmentHoldingAxis" />
    <link:label xml:lang="en-US" xlink:label="invest_InvestmentHoldingAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment Holding</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="invest_InvestmentHoldingAxis" xlink:to="invest_InvestmentHoldingAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="invest_InvestmentHoldingAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Investment Holding [Axis]</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentHoldingDomain" xlink:type="locator" xlink:label="invest_InvestmentHoldingDomain" />
    <link:label xml:lang="en-US" xlink:label="invest_InvestmentHoldingDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment Holding</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="invest_InvestmentHoldingDomain" xlink:to="invest_InvestmentHoldingDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="invest_InvestmentHoldingDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Investment Holding [Domain]</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/exch/2018/exch-2018-01-31.xsd#exch_CBTS" xlink:type="locator" xlink:label="exch_CBTS" />
    <link:label xml:lang="en-US" xlink:label="exch_CBTS_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">CBOT [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="exch_CBTS" xlink:to="exch_CBTS_lbl" />
    <link:label xml:lang="en-US" xlink:label="exch_CBTS_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">C B T S</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/exch/2018/exch-2018-01-31.xsd#exch_CECS" xlink:type="locator" xlink:label="exch_CECS" />
    <link:label xml:lang="en-US" xlink:label="exch_CECS_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">CME SWAPS MARKETS (COMEX) [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="exch_CECS" xlink:to="exch_CECS_lbl" />
    <link:label xml:lang="en-US" xlink:label="exch_CECS_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">C E C S</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/exch/2018/exch-2018-01-31.xsd#exch_IFEU" xlink:type="locator" xlink:label="exch_IFEU" />
    <link:label xml:lang="en-US" xlink:label="exch_IFEU_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">ICE FUTURES EUROPE [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="exch_IFEU" xlink:to="exch_IFEU_lbl" />
    <link:label xml:lang="en-US" xlink:label="exch_IFEU_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">I F E U</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/exch/2018/exch-2018-01-31.xsd#exch_LMEC" xlink:type="locator" xlink:label="exch_LMEC" />
    <link:label xml:lang="en-US" xlink:label="exch_LMEC_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">LME CLEAR [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="exch_LMEC" xlink:to="exch_LMEC_lbl" />
    <link:label xml:lang="en-US" xlink:label="exch_LMEC_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">L M E C</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/exch/2018/exch-2018-01-31.xsd#exch_IFUS" xlink:type="locator" xlink:label="exch_IFUS" />
    <link:label xml:lang="en-US" xlink:label="exch_IFUS_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">ICE FUTURES U.S. [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="exch_IFUS" xlink:to="exch_IFUS_lbl" />
    <link:label xml:lang="en-US" xlink:label="exch_IFUS_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">I F U S</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/exch/2018/exch-2018-01-31.xsd#exch_NYMS" xlink:type="locator" xlink:label="exch_NYMS" />
    <link:label xml:lang="en-US" xlink:label="exch_NYMS_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">CME SWAPS MARKETS (NYMEX) [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="exch_NYMS" xlink:to="exch_NYMS_lbl" />
    <link:label xml:lang="en-US" xlink:label="exch_NYMS_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">N Y M S</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InvestmentSecondaryCategorizationAxis" xlink:type="locator" xlink:label="us-gaap_InvestmentSecondaryCategorizationAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentSecondaryCategorizationAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment Secondary Categorization</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentSecondaryCategorizationAxis" xlink:to="us-gaap_InvestmentSecondaryCategorizationAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentSecondaryCategorizationAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Investment Secondary Categorization [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InvestmentsBySecondaryCategorizationDomain" xlink:type="locator" xlink:label="us-gaap_InvestmentsBySecondaryCategorizationDomain" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentsBySecondaryCategorizationDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments by Secondary Categorization</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentsBySecondaryCategorizationDomain" xlink:to="us-gaap_InvestmentsBySecondaryCategorizationDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentsBySecondaryCategorizationDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Investments By Secondary Categorization [Domain]</link:label>
    <link:loc xlink:href="dbc-20190331.xsd#dbc_CornMember" xlink:type="locator" xlink:label="dbc_CornMember" />
    <link:label xml:lang="en-US" xlink:label="dbc_CornMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Corn.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dbc_CornMember" xlink:to="dbc_CornMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="dbc_CornMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Corn [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_CornMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Corn [Member]</link:label>
    <link:loc xlink:href="dbc-20190331.xsd#dbc_SoybeanMember" xlink:type="locator" xlink:label="dbc_SoybeanMember" />
    <link:label xml:lang="en-US" xlink:label="dbc_SoybeanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Soybean.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dbc_SoybeanMember" xlink:to="dbc_SoybeanMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="dbc_SoybeanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Soybean [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_SoybeanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Soybean [Member]</link:label>
    <link:loc xlink:href="dbc-20190331.xsd#dbc_WheatMember" xlink:type="locator" xlink:label="dbc_WheatMember" />
    <link:label xml:lang="en-US" xlink:label="dbc_WheatMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Wheat commodities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dbc_WheatMember" xlink:to="dbc_WheatMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="dbc_WheatMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Wheat [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_WheatMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Wheat [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_GoldMember" xlink:type="locator" xlink:label="us-gaap_GoldMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_GoldMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Gold [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GoldMember" xlink:to="us-gaap_GoldMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_GoldMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Gold [Member]</link:label>
    <link:loc xlink:href="dbc-20190331.xsd#dbc_SilverMember" xlink:type="locator" xlink:label="dbc_SilverMember" />
    <link:label xml:lang="en-US" xlink:label="dbc_SilverMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Silver.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dbc_SilverMember" xlink:to="dbc_SilverMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="dbc_SilverMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Silver [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_SilverMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Silver [Member]</link:label>
    <link:loc xlink:href="dbc-20190331.xsd#dbc_BrentCrudeOilMember" xlink:type="locator" xlink:label="dbc_BrentCrudeOilMember" />
    <link:label xml:lang="en-US" xlink:label="dbc_BrentCrudeOilMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Brent crude oil.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dbc_BrentCrudeOilMember" xlink:to="dbc_BrentCrudeOilMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="dbc_BrentCrudeOilMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Brent Crude Oil [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_BrentCrudeOilMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Brent Crude Oil [Member]</link:label>
    <link:loc xlink:href="dbc-20190331.xsd#dbc_AluminumMember" xlink:type="locator" xlink:label="dbc_AluminumMember" />
    <link:label xml:lang="en-US" xlink:label="dbc_AluminumMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Aluminum.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dbc_AluminumMember" xlink:to="dbc_AluminumMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="dbc_AluminumMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Aluminum [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_AluminumMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Aluminum [Member]</link:label>
    <link:loc xlink:href="dbc-20190331.xsd#dbc_CopperMember" xlink:type="locator" xlink:label="dbc_CopperMember" />
    <link:label xml:lang="en-US" xlink:label="dbc_CopperMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Copper.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dbc_CopperMember" xlink:to="dbc_CopperMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="dbc_CopperMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Copper [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_CopperMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Copper [Member]</link:label>
    <link:loc xlink:href="dbc-20190331.xsd#dbc_ZincMember" xlink:type="locator" xlink:label="dbc_ZincMember" />
    <link:label xml:lang="en-US" xlink:label="dbc_ZincMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Zinc.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dbc_ZincMember" xlink:to="dbc_ZincMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="dbc_ZincMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Zinc [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_ZincMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Zinc [Member]</link:label>
    <link:loc xlink:href="dbc-20190331.xsd#dbc_SugarMember" xlink:type="locator" xlink:label="dbc_SugarMember" />
    <link:label xml:lang="en-US" xlink:label="dbc_SugarMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Sugar.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dbc_SugarMember" xlink:to="dbc_SugarMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="dbc_SugarMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Sugar [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_SugarMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Sugar [Member]</link:label>
    <link:loc xlink:href="dbc-20190331.xsd#dbc_NaturalGasMember" xlink:type="locator" xlink:label="dbc_NaturalGasMember" />
    <link:label xml:lang="en-US" xlink:label="dbc_NaturalGasMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Natural gas.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dbc_NaturalGasMember" xlink:to="dbc_NaturalGasMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="dbc_NaturalGasMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Natural Gas [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_NaturalGasMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Natural Gas [Member]</link:label>
    <link:loc xlink:href="dbc-20190331.xsd#dbc_NYHarborULSDMember" xlink:type="locator" xlink:label="dbc_NYHarborULSDMember" />
    <link:label xml:lang="en-US" xlink:label="dbc_NYHarborULSDMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">NY Harbor ULSD.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dbc_NYHarborULSDMember" xlink:to="dbc_NYHarborULSDMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="dbc_NYHarborULSDMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NY Harbor ULSD [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_NYHarborULSDMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">N Y Harbor U L S D [Member]</link:label>
    <link:loc xlink:href="dbc-20190331.xsd#dbc_RBOBGasolineMember" xlink:type="locator" xlink:label="dbc_RBOBGasolineMember" />
    <link:label xml:lang="en-US" xlink:label="dbc_RBOBGasolineMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">RBOB Gasoline.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dbc_RBOBGasolineMember" xlink:to="dbc_RBOBGasolineMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="dbc_RBOBGasolineMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">RBOB Gasoline [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_RBOBGasolineMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">R B O B Gasoline [Member]</link:label>
    <link:loc xlink:href="dbc-20190331.xsd#dbc_WTICrudeOilMember" xlink:type="locator" xlink:label="dbc_WTICrudeOilMember" />
    <link:label xml:lang="en-US" xlink:label="dbc_WTICrudeOilMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">WTI crude oil.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dbc_WTICrudeOilMember" xlink:to="dbc_WTICrudeOilMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="dbc_WTICrudeOilMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">WTI Crude Oil [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_WTICrudeOilMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">W T I Crude Oil [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InvestmentOwnedBalanceContracts" xlink:type="locator" xlink:label="us-gaap_InvestmentOwnedBalanceContracts" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentOwnedBalanceContracts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commodity Futures Contracts, Number of Contracts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentOwnedBalanceContracts" xlink:to="us-gaap_InvestmentOwnedBalanceContracts_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentOwnedBalanceContracts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Investment Owned Balance Contracts</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ForwardContractIndexedToIssuersEquitySettlementDateOrDates" xlink:type="locator" xlink:label="us-gaap_ForwardContractIndexedToIssuersEquitySettlementDateOrDates" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ForwardContractIndexedToIssuersEquitySettlementDateOrDates_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commodity Futures Contracts, Expiration Date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ForwardContractIndexedToIssuersEquitySettlementDateOrDates" xlink:to="us-gaap_ForwardContractIndexedToIssuersEquitySettlementDateOrDates_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ForwardContractIndexedToIssuersEquitySettlementDateOrDates_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Forward Contract Indexed To Issuers Equity Settlement Date Or Dates</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentOwnedUnderlyingFaceAmountAtMarketValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Commodity Futures Contracts, Notional Value</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentOwnedAtFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Commodity Futures Contracts, Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_TaxBasisOfInvestmentsUnrealizedAppreciationDepreciationNet" xlink:type="locator" xlink:label="us-gaap_TaxBasisOfInvestmentsUnrealizedAppreciationDepreciationNet" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_TaxBasisOfInvestmentsUnrealizedAppreciationDepreciationNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commodity Futures Contracts, Unrealized Appreciation (Depreciation)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TaxBasisOfInvestmentsUnrealizedAppreciationDepreciationNet" xlink:to="us-gaap_TaxBasisOfInvestmentsUnrealizedAppreciationDepreciationNet_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_TaxBasisOfInvestmentsUnrealizedAppreciationDepreciationNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Tax Basis Of Investments Unrealized Appreciation Depreciation Net</link:label>
    <link:loc xlink:href="dbc-20190331.xsd#dbc_OperatingExpensesNet" xlink:type="locator" xlink:label="dbc_OperatingExpensesNet" />
    <link:label xml:lang="en-US" xlink:label="dbc_OperatingExpensesNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Operating expenses net.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dbc_OperatingExpensesNet" xlink:to="dbc_OperatingExpensesNet_lbl" />
    <link:loc xlink:href="dbc-20190331.xsd#dbc_UnrealizedGainLossOnAffiliatedInvestments" xlink:type="locator" xlink:label="dbc_UnrealizedGainLossOnAffiliatedInvestments" />
    <link:label xml:lang="en-US" xlink:label="dbc_UnrealizedGainLossOnAffiliatedInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Unrealized gain loss on affiliated investments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dbc_UnrealizedGainLossOnAffiliatedInvestments" xlink:to="dbc_UnrealizedGainLossOnAffiliatedInvestments_lbl" />
    <link:loc xlink:href="dbc-20190331.xsd#dbc_InvestmentCompanyRealizedGainLossOnInvestmentAbstract" xlink:type="locator" xlink:label="dbc_InvestmentCompanyRealizedGainLossOnInvestmentAbstract" />
    <link:label xml:lang="en-US" xlink:label="dbc_InvestmentCompanyRealizedGainLossOnInvestmentAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Investment company realized gain loss on investment.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dbc_InvestmentCompanyRealizedGainLossOnInvestmentAbstract" xlink:to="dbc_InvestmentCompanyRealizedGainLossOnInvestmentAbstract_lbl" />
    <link:loc xlink:href="dbc-20190331.xsd#dbc_InvestmentCompanyUnrealizedGainLossOnInvestmentAbstract" xlink:type="locator" xlink:label="dbc_InvestmentCompanyUnrealizedGainLossOnInvestmentAbstract" />
    <link:label xml:lang="en-US" xlink:label="dbc_InvestmentCompanyUnrealizedGainLossOnInvestmentAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Investment company unrealized gain loss on investment.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dbc_InvestmentCompanyUnrealizedGainLossOnInvestmentAbstract" xlink:to="dbc_InvestmentCompanyUnrealizedGainLossOnInvestmentAbstract_lbl" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:type="locator" xlink:label="us-gaap_IncomeStatementAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_IncomeStatementAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Income Statement [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_IncomeStatementAbstract_lbl" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RevenuesAbstract" xlink:type="locator" xlink:label="us-gaap_RevenuesAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RevenuesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevenuesAbstract" xlink:to="us-gaap_RevenuesAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RevenuesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Revenues [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InterestIncomeOperating" xlink:type="locator" xlink:label="us-gaap_InterestIncomeOperating" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestIncomeOperating_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest Income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestIncomeOperating" xlink:to="us-gaap_InterestIncomeOperating_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestIncomeOperating_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Income Operating</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DividendIncomeOperating" xlink:type="locator" xlink:label="us-gaap_DividendIncomeOperating" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DividendIncomeOperating_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Dividends from Affiliates</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendIncomeOperating" xlink:to="us-gaap_DividendIncomeOperating_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DividendIncomeOperating_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Dividend Income Operating</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InterestAndDividendIncomeOperating" xlink:type="locator" xlink:label="us-gaap_InterestAndDividendIncomeOperating" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestAndDividendIncomeOperating_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total Income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestAndDividendIncomeOperating" xlink:to="us-gaap_InterestAndDividendIncomeOperating_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestAndDividendIncomeOperating_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest And Dividend Income Operating</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OperatingExpensesAbstract" xlink:type="locator" xlink:label="us-gaap_OperatingExpensesAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OperatingExpensesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingExpensesAbstract" xlink:to="us-gaap_OperatingExpensesAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OperatingExpensesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Expenses [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InvestmentCompanyGeneralPartnerAdvisoryService" xlink:type="locator" xlink:label="us-gaap_InvestmentCompanyGeneralPartnerAdvisoryService" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentCompanyGeneralPartnerAdvisoryService_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Management Fees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentCompanyGeneralPartnerAdvisoryService" xlink:to="us-gaap_InvestmentCompanyGeneralPartnerAdvisoryService_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentCompanyGeneralPartnerAdvisoryService_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Investment Company General Partner Advisory Service</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_FloorBrokerageExchangeAndClearanceFees" xlink:type="locator" xlink:label="us-gaap_FloorBrokerageExchangeAndClearanceFees" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FloorBrokerageExchangeAndClearanceFees_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Brokerage Commissions and Fees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FloorBrokerageExchangeAndClearanceFees" xlink:to="us-gaap_FloorBrokerageExchangeAndClearanceFees_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FloorBrokerageExchangeAndClearanceFees_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Floor Brokerage Exchange And Clearance Fees</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InterestExpense" xlink:type="locator" xlink:label="us-gaap_InterestExpense" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest Expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpense" xlink:to="us-gaap_InterestExpense_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Expense</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OperatingExpenses" xlink:type="locator" xlink:label="us-gaap_OperatingExpenses" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OperatingExpenses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total Expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingExpenses" xlink:to="us-gaap_OperatingExpenses_lbl" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_StockholdersEquityPeriodIncreaseDecrease" xlink:type="locator" xlink:label="us-gaap_StockholdersEquityPeriodIncreaseDecrease" />
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    <link:loc xlink:href="dbc-20190331.xsd#dbc_UnrealizedGainLossOnMarketableSecuritiesAffiliatedInvestmentsAndDerivativesAndCommodityContracts" xlink:type="locator" xlink:label="dbc_UnrealizedGainLossOnMarketableSecuritiesAffiliatedInvestmentsAndDerivativesAndCommodityContracts" />
    <link:label xml:lang="en-US" xlink:label="dbc_UnrealizedGainLossOnMarketableSecuritiesAffiliatedInvestmentsAndDerivativesAndCommodityContracts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Unrealized gain loss on marketable securities, affiliated investments and derivatives and commodity contracts.</link:label>
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    <link:loc xlink:href="dbc-20190331.xsd#dbc_IncreaseDecreaseInVariationMargin" xlink:type="locator" xlink:label="dbc_IncreaseDecreaseInVariationMargin" />
    <link:label xml:lang="en-US" xlink:label="dbc_IncreaseDecreaseInVariationMargin_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Increase (decrease) in variation margin.</link:label>
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    <link:loc xlink:href="dbc-20190331.xsd#dbc_IncreaseDecreaseInPayableForAmountDueToCustodianNet" xlink:type="locator" xlink:label="dbc_IncreaseDecreaseInPayableForAmountDueToCustodianNet" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OperatingCashFlowsDirectMethodAbstract" xlink:type="locator" xlink:label="us-gaap_OperatingCashFlowsDirectMethodAbstract" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:type="locator" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash flows from operating activities:</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Net Cash Provided By Used In Operating Activities [Abstract]</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsForPurchaseOfSecuritiesOperatingActivities" xlink:type="locator" xlink:label="us-gaap_PaymentsForPurchaseOfSecuritiesOperatingActivities" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ProceedsFromSaleOfSecuritiesOperatingActivities" xlink:type="locator" xlink:label="us-gaap_ProceedsFromSaleOfSecuritiesOperatingActivities" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromSaleOfSecuritiesOperatingActivities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proceeds from securities sold and matured</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsToAcquireInvestments" xlink:type="locator" xlink:label="us-gaap_PaymentsToAcquireInvestments" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncreaseDecreaseInPayablesToBrokerDealers" xlink:type="locator" xlink:label="us-gaap_IncreaseDecreaseInPayablesToBrokerDealers" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InvestmentCompanyFinancialHighlightsTableTextBlock" xlink:type="locator" xlink:label="us-gaap_InvestmentCompanyFinancialHighlightsTableTextBlock" />
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    <link:loc xlink:href="dbc-20190331.xsd#dbc_TreasuryObligationMeasurementMaximumMaturityPeriod" xlink:type="locator" xlink:label="dbc_TreasuryObligationMeasurementMaximumMaturityPeriod" />
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    <link:loc xlink:href="dbc-20190331.xsd#dbc_MinimumNumberOfBasketsOfSharesThatCanBePurchased" xlink:type="locator" xlink:label="dbc_MinimumNumberOfBasketsOfSharesThatCanBePurchased" />
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    <link:loc xlink:href="dbc-20190331.xsd#dbc_NumberOfSharesIssuedPerBasket" xlink:type="locator" xlink:label="dbc_NumberOfSharesIssuedPerBasket" />
    <link:label xml:lang="en-US" xlink:label="dbc_NumberOfSharesIssuedPerBasket_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of shares issued per basket.</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DistributedEarnings" xlink:type="locator" xlink:label="us-gaap_DistributedEarnings" />
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    <link:loc xlink:href="dbc-20190331.xsd#dbc_AverageChargesPaidToBrokerPerRoundTurnTradeMaximum" xlink:type="locator" xlink:label="dbc_AverageChargesPaidToBrokerPerRoundTurnTradeMaximum" />
    <link:label xml:lang="en-US" xlink:label="dbc_AverageChargesPaidToBrokerPerRoundTurnTradeMaximum_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Average charges paid to broker per round turn trade maximum.</link:label>
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    <link:label xml:lang="en-US" xlink:label="dbc_AverageChargesPaidToBrokerPerRoundTurnTradeMaximum_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Average Charges Paid To Broker Per Round Turn Trade Maximum</link:label>
    <link:loc xlink:href="dbc-20190331.xsd#dbc_TradingAssets" xlink:type="locator" xlink:label="dbc_TradingAssets" />
    <link:label xml:lang="en-US" xlink:label="dbc_TradingAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Trading assets.</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_TradingLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">LME contracts payable</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_TradingAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">LME contracts</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_TradingAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Trading Assets</link:label>
    <link:loc xlink:href="dbc-20190331.xsd#dbc_ManagementFeePerAnnumOfDailyNetAssets" xlink:type="locator" xlink:label="dbc_ManagementFeePerAnnumOfDailyNetAssets" />
    <link:label xml:lang="en-US" xlink:label="dbc_ManagementFeePerAnnumOfDailyNetAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Management fee per annum of daily net assets.</link:label>
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    <link:loc xlink:href="dbc-20190331.xsd#dbc_FeeWaiverTerminationNoticePeriod" xlink:type="locator" xlink:label="dbc_FeeWaiverTerminationNoticePeriod" />
    <link:label xml:lang="en-US" xlink:label="dbc_FeeWaiverTerminationNoticePeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Fee waiver termination notice period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dbc_FeeWaiverTerminationNoticePeriod" xlink:to="dbc_FeeWaiverTerminationNoticePeriod_lbl" />
    <link:label xml:lang="en-US" xlink:label="dbc_ManagementFeePerAnnumOfDailyNetAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Management fee percentage per annum of daily NAV</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_ManagementFeePerAnnumOfDailyNetAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Management Fee Per Annum Of Daily Net Assets</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_FeeWaiverTerminationNoticePeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fee waiver termination notice period</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_FeeWaiverTerminationNoticePeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fee Waiver Termination Notice Period</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentCompanyContractualFeeWaived_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Managing owner waived fees</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CashEquivalentsAtCarryingValue" xlink:type="locator" xlink:label="us-gaap_CashEquivalentsAtCarryingValue" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_CashEquivalentsAtCarryingValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash equivalents held by fund</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashEquivalentsAtCarryingValue" xlink:to="us-gaap_CashEquivalentsAtCarryingValue_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_CashEquivalentsAtCarryingValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Cash Equivalents At Carrying Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:type="locator" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:to="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:type="locator" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value Hierarchy and NAV</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:to="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value By Fair Value Hierarchy Level [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:type="locator" xlink:label="us-gaap_FairValueMeasurementsFairValueHierarchyDomain" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueMeasurementsFairValueHierarchyDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value Hierarchy and NAV</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueMeasurementsFairValueHierarchyDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measurements Fair Value Hierarchy [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_FairValueInputsLevel1Member" xlink:type="locator" xlink:label="us-gaap_FairValueInputsLevel1Member" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueInputsLevel1Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Level 1 [Member]</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueInputsLevel1Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Inputs Level1 [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_FairValueInputsLevel2Member" xlink:type="locator" xlink:label="us-gaap_FairValueInputsLevel2Member" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueInputsLevel2Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Level 2 [Member]</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueInputsLevel2Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Inputs Level2 [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_FairValueInputsLevel3Member" xlink:type="locator" xlink:label="us-gaap_FairValueInputsLevel3Member" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueInputsLevel3Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Level 3 [Member]</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueInputsLevel3Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Inputs Level3 [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:type="locator" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel">United States Treasury Obligations</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_FinancialInstrumentsOwnedExchangeTradedFund_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Exchange-Traded Fund</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_FinancialInstrumentsOwnedExchangeTradedFund_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Financial Instruments Owned Exchange Traded Fund</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_FinancialInstrumentsOwnedMoneyMarketMutualFundAtFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel">Money Market Mutual Fund</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_FinancialInstrumentsOwnedMoneyMarketMutualFundAtFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Financial Instruments Owned Money Market Mutual Fund At Fair Value</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentOwnedAtFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total Investments in Securities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InvestmentOwnedUnrecognizedUnrealizedAppreciation" xlink:type="locator" xlink:label="us-gaap_InvestmentOwnedUnrecognizedUnrealizedAppreciation" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentOwnedUnrecognizedUnrealizedAppreciation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commodity Futures Contracts, Appreciation</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentOwnedUnrecognizedUnrealizedAppreciation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Investment Owned Unrecognized Unrealized Appreciation</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InvestmentOwnedUnrecognizedUnrealizedDepreciation" xlink:type="locator" xlink:label="us-gaap_InvestmentOwnedUnrecognizedUnrealizedDepreciation" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentOwnedUnrecognizedUnrealizedDepreciation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Commodity Futures Contracts, Depreciation</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentOwnedUnrecognizedUnrealizedDepreciation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Investment Owned Unrecognized Unrealized Depreciation</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeInstrumentsGainLossLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Derivative Instruments, Gain (Loss) [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeInstrumentsGainLossLineItems" xlink:to="us-gaap_DerivativeInstrumentsGainLossLineItems_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeInstrumentsGainLossLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Derivative Instruments Gain Loss [Line Items]</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_GainLossOnSaleOfCommodityContracts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Futures contracts, realized gain (loss)</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_UnrealizedGainLossOnCommodityContracts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Futures contracts, unrealized gain (loss)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_GainLossOnInvestments" xlink:type="locator" xlink:label="us-gaap_GainLossOnInvestments" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_GainLossOnInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net Realized and Net Change in Unrealized Gain (Loss)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnInvestments" xlink:to="us-gaap_GainLossOnInvestments_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_GainLossOnInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Gain Loss On Investments</link:label>
    <link:loc xlink:href="dbc-20190331.xsd#dbc_AverageNotionalValueOfDerivative" xlink:type="locator" xlink:label="dbc_AverageNotionalValueOfDerivative" />
    <link:label xml:lang="en-US" xlink:label="dbc_AverageNotionalValueOfDerivative_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Average notional value of derivative.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dbc_AverageNotionalValueOfDerivative" xlink:to="dbc_AverageNotionalValueOfDerivative_lbl" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DerivativeTable" xlink:type="locator" xlink:label="us-gaap_DerivativeTable" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Derivative [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeTable" xlink:to="us-gaap_DerivativeTable_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Derivative [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_RangeAxis" xlink:type="locator" xlink:label="srt_RangeAxis" />
    <link:label xml:lang="en-US" xlink:label="srt_RangeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Range</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_RangeAxis" xlink:to="srt_RangeAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="srt_RangeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Range [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_RangeMember" xlink:type="locator" xlink:label="srt_RangeMember" />
    <link:label xml:lang="en-US" xlink:label="srt_RangeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Range</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_RangeMember" xlink:to="srt_RangeMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="srt_RangeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Range [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_WeightedAverageMember" xlink:type="locator" xlink:label="srt_WeightedAverageMember" />
    <link:label xml:lang="en-US" xlink:label="srt_WeightedAverageMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted Average [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_WeightedAverageMember" xlink:to="srt_WeightedAverageMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="srt_WeightedAverageMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Weighted Average [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_MinimumMember" xlink:type="locator" xlink:label="srt_MinimumMember" />
    <link:label xml:lang="en-US" xlink:label="srt_MinimumMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Minimum [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_MinimumMember" xlink:to="srt_MinimumMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="srt_MinimumMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Minimum [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_MaximumMember" xlink:type="locator" xlink:label="srt_MaximumMember" />
    <link:label xml:lang="en-US" xlink:label="srt_MaximumMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maximum [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_MaximumMember" xlink:to="srt_MaximumMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="srt_MaximumMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Maximum [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DerivativeLineItems" xlink:type="locator" xlink:label="us-gaap_DerivativeLineItems" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Derivative [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeLineItems" xlink:to="us-gaap_DerivativeLineItems_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Derivative [Line Items]</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_AverageNotionalValueOfDerivative_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Average Notional Value</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_AverageNotionalValueOfDerivative_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Average Notional Value Of Derivative</link:label>
    <link:loc xlink:href="dbc-20190331.xsd#dbc_TreasuryObligationMeasurementMinimumMaturityPeriod" xlink:type="locator" xlink:label="dbc_TreasuryObligationMeasurementMinimumMaturityPeriod" />
    <link:label xml:lang="en-US" xlink:label="dbc_TreasuryObligationMeasurementMinimumMaturityPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Treasury obligation measurement minimum maturity period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dbc_TreasuryObligationMeasurementMinimumMaturityPeriod" xlink:to="dbc_TreasuryObligationMeasurementMinimumMaturityPeriod_lbl" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InvestmentsInAndAdvancesToAffiliatesTable" xlink:type="locator" xlink:label="us-gaap_InvestmentsInAndAdvancesToAffiliatesTable" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentsInAndAdvancesToAffiliatesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments In And Advances To Affiliates [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentsInAndAdvancesToAffiliatesTable" xlink:to="us-gaap_InvestmentsInAndAdvancesToAffiliatesTable_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentsInAndAdvancesToAffiliatesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Investments In And Advances To Affiliates [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InvestmentsInAndAdvancesToAffiliatesLineItems" xlink:type="locator" xlink:label="us-gaap_InvestmentsInAndAdvancesToAffiliatesLineItems" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentsInAndAdvancesToAffiliatesLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments In And Advances To Affiliates [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentsInAndAdvancesToAffiliatesLineItems" xlink:to="us-gaap_InvestmentsInAndAdvancesToAffiliatesLineItems_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentsInAndAdvancesToAffiliatesLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Investments In And Advances To Affiliates [Line Items]</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_TreasuryObligationMeasurementMinimumMaturityPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Treasury obligation measurement minimum maturity period</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_TreasuryObligationMeasurementMinimumMaturityPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Treasury Obligation Measurement Minimum Maturity Period</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel">United States Treasury Obligations, at value</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_ExchangeTradedFundsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Invesco Treasury Collateral ETF [Member]</link:label>
    <link:loc xlink:href="dbc-20190331.xsd#dbc_PowerSharesTreasuryCollateralPortfolioMember" xlink:type="locator" xlink:label="dbc_PowerSharesTreasuryCollateralPortfolioMember" />
    <link:label xml:lang="en-US" xlink:label="dbc_PowerSharesTreasuryCollateralPortfolioMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Member stands for PowerShares treasury collateral portfolio.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dbc_PowerSharesTreasuryCollateralPortfolioMember" xlink:to="dbc_PowerSharesTreasuryCollateralPortfolioMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="dbc_PowerSharesTreasuryCollateralPortfolioMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">PowerShares Treasury Collateral Portfolio [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_PowerSharesTreasuryCollateralPortfolioMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Power Shares Treasury Collateral Portfolio [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentsInAndAdvancesToAffiliatesAtFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Beginning Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InvestmentsInAndAdvancesToAffiliatesAtFairValueGrossAdditions" xlink:type="locator" xlink:label="us-gaap_InvestmentsInAndAdvancesToAffiliatesAtFairValueGrossAdditions" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentsInAndAdvancesToAffiliatesAtFairValueGrossAdditions_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Purchases at Cost</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentsInAndAdvancesToAffiliatesAtFairValueGrossAdditions" xlink:to="us-gaap_InvestmentsInAndAdvancesToAffiliatesAtFairValueGrossAdditions_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentsInAndAdvancesToAffiliatesAtFairValueGrossAdditions_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Investments In And Advances To Affiliates At Fair Value Gross Additions</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsForProceedsFromInvestments" xlink:type="locator" xlink:label="us-gaap_PaymentsForProceedsFromInvestments" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsForProceedsFromInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proceeds from Sales</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForProceedsFromInvestments" xlink:to="us-gaap_PaymentsForProceedsFromInvestments_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsForProceedsFromInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Payments For Proceeds From Investments</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_MarketableSecuritiesUnrealizedGainLoss_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Change in Unrealized Appreciation (Depreciation)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_GainOnSaleOfInvestments" xlink:type="locator" xlink:label="us-gaap_GainOnSaleOfInvestments" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_GainOnSaleOfInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Realized Gain (Loss)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainOnSaleOfInvestments" xlink:to="us-gaap_GainOnSaleOfInvestments_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_GainOnSaleOfInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Gain On Sale Of Investments</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentsInAndAdvancesToAffiliatesAtFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Ending Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InvestmentsInAndAdvancesToAffiliatesDividendOrInterestCreditedToIncome" xlink:type="locator" xlink:label="us-gaap_InvestmentsInAndAdvancesToAffiliatesDividendOrInterestCreditedToIncome" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentsInAndAdvancesToAffiliatesDividendOrInterestCreditedToIncome_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Dividend Income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentsInAndAdvancesToAffiliatesDividendOrInterestCreditedToIncome" xlink:to="us-gaap_InvestmentsInAndAdvancesToAffiliatesDividendOrInterestCreditedToIncome_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentsInAndAdvancesToAffiliatesDividendOrInterestCreditedToIncome_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Investments In And Advances To Affiliates Dividend Or Interest Credited To Income</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_EquityAbstract" xlink:type="locator" xlink:label="us-gaap_EquityAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_EquityAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Equity [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityAbstract" xlink:to="us-gaap_EquityAbstract_lbl" />
    <link:loc xlink:href="dbc-20190331.xsd#dbc_MinimumNumberOfBasketsOfSharesThatCanBeRedeemed" xlink:type="locator" xlink:label="dbc_MinimumNumberOfBasketsOfSharesThatCanBeRedeemed" />
    <link:label xml:lang="en-US" xlink:label="dbc_MinimumNumberOfBasketsOfSharesThatCanBeRedeemed_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Minimum number of baskets of shares that can be redeemed.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dbc_MinimumNumberOfBasketsOfSharesThatCanBeRedeemed" xlink:to="dbc_MinimumNumberOfBasketsOfSharesThatCanBeRedeemed_lbl" />
    <link:label xml:lang="en-US" xlink:label="dbc_MinimumNumberOfBasketsOfSharesThatCanBeRedeemed_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Minimum number of Baskets that can be redeemed</link:label>
    <link:label xml:lang="en-US" xlink:label="dbc_MinimumNumberOfBasketsOfSharesThatCanBeRedeemed_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Minimum Number Of Baskets Of Shares That Can Be Redeemed</link:label>
    <link:loc xlink:href="dbc-20190331.xsd#dbc_AverageNetAssetsToExpensesPriorToWaivers" xlink:type="locator" xlink:label="dbc_AverageNetAssetsToExpensesPriorToWaivers" />
    <link:label xml:lang="en-US" xlink:label="dbc_AverageNetAssetsToExpensesPriorToWaivers_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Average net assets to expenses prior to waivers.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dbc_AverageNetAssetsToExpensesPriorToWaivers" xlink:to="dbc_AverageNetAssetsToExpensesPriorToWaivers_lbl" />
    <link:loc xlink:href="dbc-20190331.xsd#dbc_ReturnAtMarketValue" xlink:type="locator" xlink:label="dbc_ReturnAtMarketValue" />
    <link:label xml:lang="en-US" xlink:label="dbc_ReturnAtMarketValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Return at market value.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dbc_ReturnAtMarketValue" xlink:to="dbc_ReturnAtMarketValue_lbl" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:type="locator" xlink:label="us-gaap_EarningsPerShareAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_EarningsPerShareAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Earnings Per Share [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareAbstract" xlink:to="us-gaap_EarningsPerShareAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentCompanyFinancialHighlightsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net Asset Value</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_NetAssetValuePerShare_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Net asset value per Share, beginning of period</link:label>
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