DBB vs. BCIM

Last updated Jun 10, 2026

DBB (Invesco DB Base Metals Fund) and BCIM (abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF) are both Metals funds - DBB tracks the DBIQ Optimum Yield Industrial Metals Index Excess Return while BCIM tracks the Bloomberg Industrial Metals. Both are passively managed. Their correlation of 0.82 suggests significant overlap in exposure. DBB charges 0.80%/yr vs 0.41%/yr for BCIM.

Performance

DBB vs. BCIM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DB Base Metals Fund (DBB) and abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DBB

• 1D: -0.97%
• 1M: 0.39%
• YTD: 10.81%
• 6M: 18.37%
• 1Y: 40.01%
• 3Y*: 17.45%
• 5Y*: 7.62%
• 10Y*: 9.08%

BCIM

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DBB vs. BCIM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DBB Invesco DB Base Metals Fund	10.81%	25.01%	7.90%	1.15%	-11.80%	5.05%
BCIM abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF	0.00%	10.71%	3.30%	-9.68%	-3.29%	4.17%

Correlation

The correlation between DBB and BCIM is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (All Time) Calculated using the full available price history since Sep 23, 2021	0.82

Over the past year, the correlation between DBB and BCIM has dropped to 0.45 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.

Return for Risk

DBB vs. BCIM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DBB

DBB Risk / Return Rank: 77
DBB Sharpe Ratio Rank: 79
DBB Sortino Ratio Rank: 74
DBB Omega Ratio Rank: 73
DBB Calmar Ratio Rank: 80
DBB Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DBB vs. BCIM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DB Base Metals Fund (DBB) and abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	DBB	BCIM	Difference
Sharpe ratio: Return per unit of total volatility	2.21	—	—
Sortino ratio: Return per unit of downside risk	2.90	—	—
Omega ratio: Gain probability vs. loss probability	1.38	—	—
Calmar ratio: Return relative to maximum drawdown	3.66	—	—
Martin ratio: Return relative to average drawdown	13.81	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	DBB	BCIM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.21	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	—	—

Drawdowns

Drawdown Indicators

	DBB	BCIM	Difference
Max Drawdown Largest peak-to-trough decline	-60.20%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-11.00%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.59%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.00%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.98%	—	—
Current Drawdown Current decline from peak	-4.54%	—	—
Average Drawdown Average peak-to-trough decline	-30.87%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	—	—

Volatility

Volatility by Period

	DBB	BCIM	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.10%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.90%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.21%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.27%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.48%	—	—

DBB vs. BCIM - Expense Ratio Comparison

DBB has a 0.80% expense ratio, which is higher than BCIM's 0.41% expense ratio.

Dividends

DBB vs. BCIM - Dividend Comparison

DBB's dividend yield for the trailing twelve months is around 2.36%, while BCIM has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BCIM abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF	3.77%	3.77%	11.47%	3.36%	0.72%	1.57%	0.00%	0.00%	0.00%
DBB Invesco DB Base Metals Fund	2.36%	2.61%	4.75%	7.21%	0.94%	0.00%	0.00%	1.83%	1.59%

Frequently Asked Questions

Can I hold both DBB and BCIM in my portfolio?

DBB and BCIM have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DBB or BCIM?

On fees, BCIM is cheaper at 0.41% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DBB or BCIM?

BCIM is cheaper with a 0.41% expense ratio, compared with 0.80% for DBB.

Which ETF pays a higher dividend yield, DBB or BCIM?

BCIM has the higher dividend yield at 3.77%, compared with 2.36% for DBB.

What is the main difference between DBB and BCIM?

DBB tracks DBIQ Optimum Yield Industrial Metals Index Excess Return, while BCIM tracks Bloomberg Industrial Metals. They also come from different issuers: Invesco and Aberdeen. Their fees differ too: 0.80% for DBB and 0.41% for BCIM.