Invesco DB Precious Metals Fund (DBP)

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The chart shows the growth of an initial investment of $10,000 in Invesco DB Precious Metals Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Invesco DB Precious Metals Fund (DBP) has returned 7.03% so far this year and 57.78% over the past 12 months. Looking at the last ten years, DBP has achieved an annualized return of 13.17%, outperforming the S&P 500 Index benchmark, which averaged 12.16% per year.

Based on dividend-adjusted daily data since Jan 5, 2007, DBP's average daily return is +0.04%, while the average monthly return is +0.89%. At this rate, your investment would double in approximately 6.5 years.

Historically, 55% of months were positive and 45% were negative. The best month was Apr 2011 with a return of +13.6%, while the worst month was Oct 2008 at -16.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 7 months.

On a daily basis, DBP closed higher 53% of trading days. The best single day was Sep 17, 2008 with a return of +12.6%, while the worst single day was Jan 30, 2026 at -14.7%.

Invesco DB Precious Metals Fund has an annualized alpha of 10.30%, beta of 0.11, and R² of 0.01 versus S&P 500 Index. Calculated based on daily prices since January 08, 2007.

• This ETF captured 27.19% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -7.09%) — a profile typical of hedging or uncorrelated assets.
• Beta of 0.11 may look defensive, but with R² of 0.01 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 0.01 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.

DBP has an expense ratio of 0.78%, placing it in the medium range.

DBP ranks 81 for risk / return — in the top 81% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Invesco DB Precious Metals Fund (DBP) and compare them to a chosen benchmark (S&P 500 Index).

Invesco DB Precious Metals Fund provided a 2.28% dividend yield over the last twelve months, with an annual payout of $2.50 per share.

The table displays the monthly dividend distributions for Invesco DB Precious 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 Precious 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 Precious Metals Fund was 53.89%, occurring on Dec 17, 2015. Recovery took 2205 trading sessions.

The current Invesco DB Precious Metals Fund drawdown is 19.34%.

The chart below shows the rolling one-month volatility.