Invesco DB Base Metals Fund (DBB)

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Invesco DB Base Metals Fund (DBB) is up 10.8% since the beginning of the year. DBB is currently trading at $25 per share. Investors who bought $1,000 worth of DBB shares 5 years ago would now be looking at an investment worth $1,444.

Invesco DB Base Metals Fund (DBB) has returned 10.81% so far this year and 40.01% over the past 12 months. Over the last ten years, DBB has returned 9.08% per year, falling short of the S&P 500 Index benchmark, which averaged 13.42% annually.

Based on dividend-adjusted daily data since Jan 5, 2007, DBB's average daily return is +0.02%, while the average monthly return is +0.31%. At this rate, an investment would double in approximately 18.7 years.

Historically, 53% of months were positive and 47% were negative. The best month was Nov 2022 with a return of +14.5%, while the worst month was Oct 2008 at -26.3%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 7 months.

On a daily basis, DBB closed higher 49% of trading days. The best single day was Mar 4, 2009 with a return of +8.5%, while the worst single day was Mar 9, 2022 at -8.4%.

Invesco DB Base Metals Fund has an annualized alpha of -0.40%, beta of 0.44, and R2 of 0.14 versus S&P 500 Index. Calculated based on daily prices since January 05, 2007.

• This ETF participated in 74.08% of S&P 500 Index downside but only 47.48% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.44 may look defensive, but with R2 of 0.14 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.14 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

DBB has an expense ratio of 0.80%, placing it in the medium range.

DBB ranks 78 for risk / return — better than 78% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Invesco DB Base Metals Fund (DBB) and compare them to S&P 500 Index.

Invesco DB Base Metals Fund provided a 2.36% dividend yield over the last twelve months, with an annual payout of $0.60 per share.

The table displays the monthly dividend distributions for Invesco DB Base Metals Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Invesco DB Base Metals Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Invesco DB Base Metals Fund was 60.20%, occurring on Feb 23, 2009. Recovery took 3281 trading sessions.

The current Invesco DB Base Metals Fund drawdown is 4.54%.

The chart below shows the rolling one-month volatility.