DBB vs. BND
Compare and contrast key facts about Invesco DB Base Metals Fund (DBB) and Vanguard Total Bond Market ETF (BND).
DBB and BND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DBB is a passively managed fund by Invesco that tracks the performance of the DBIQ Optimum Yield Industrial Metals Index Excess Return. It was launched on Jan 5, 2007. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007. Both DBB and BND are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DBB or BND.
Performance
DBB vs. BND - Performance Comparison
Returns By Period
In the year-to-date period, DBB achieves a 8.96% return, which is significantly higher than BND's 1.55% return. Over the past 10 years, DBB has outperformed BND with an annualized return of 2.82%, while BND has yielded a comparatively lower 1.40% annualized return.
DBB
8.96%
-3.62%
-6.56%
14.75%
8.10%
2.82%
BND
1.55%
-1.53%
2.79%
6.33%
-0.32%
1.40%
Key characteristics
| DBB | BND | |
|---|---|---|
| Sharpe Ratio | 0.74 | 1.25 |
| Sortino Ratio | 1.17 | 1.83 |
| Omega Ratio | 1.13 | 1.22 |
| Calmar Ratio | 0.42 | 0.48 |
| Martin Ratio | 2.07 | 4.20 |
| Ulcer Index | 6.57% | 1.70% |
| Daily Std Dev | 18.40% | 5.68% |
| Max Drawdown | -60.20% | -18.84% |
| Current Drawdown | -19.77% | -9.21% |
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DBB vs. BND - Expense Ratio Comparison
DBB has a 0.80% expense ratio, which is higher than BND's 0.03% expense ratio.
Correlation
The correlation between DBB and BND is -0.09. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
DBB vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Base Metals Fund (DBB) and Vanguard Total Bond Market ETF (BND). 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.
Dividends
DBB vs. BND - Dividend Comparison
DBB's dividend yield for the trailing twelve months is around 6.62%, more than BND's 3.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBB Invesco DB Base Metals Fund | 6.62% | 7.21% | 0.95% | 0.00% | 0.00% | 1.83% | 1.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BND Vanguard Total Bond Market ETF | 3.58% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
Drawdowns
DBB vs. BND - Drawdown Comparison
The maximum DBB drawdown since its inception was -60.20%, which is greater than BND's maximum drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for DBB and BND. For additional features, visit the drawdowns tool.
Volatility
DBB vs. BND - Volatility Comparison
Invesco DB Base Metals Fund (DBB) has a higher volatility of 7.20% compared to Vanguard Total Bond Market ETF (BND) at 1.64%. This indicates that DBB's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.