DBB vs. COMB
DBB (Invesco DB Base Metals Fund) and COMB (GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF) are both exchange-traded funds - DBB is a Metals fund tracking the DBIQ Optimum Yield Industrial Metals Index Excess Return, while COMB is a Commodities fund actively managed by GraniteShares. DBB is passively managed, while COMB is actively managed. Over the past 5 years, DBB returned 7.62%/yr vs 10.09%/yr for COMB. A 0.51 correlation means they provide meaningful diversification when combined. DBB charges 0.80%/yr vs 0.25%/yr for COMB.
Performance
DBB vs. COMB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DBB achieves a 10.81% return, which is significantly lower than COMB's 20.99% return.
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%
COMB
- 1D
- -1.28%
- 1M
- -4.99%
- YTD
- 20.99%
- 6M
- 21.24%
- 1Y
- 31.29%
- 3Y*
- 14.09%
- 5Y*
- 10.09%
- 10Y*
- —
DBB vs. COMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBB Invesco DB Base Metals Fund | 10.81% | 25.01% | 7.90% | 1.15% | -11.80% | 28.97% | 15.53% | -1.17% | -19.47% | 21.01% |
COMB GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF | 20.99% | 15.12% | 5.24% | -7.75% | 14.56% | 26.34% | -2.95% | 7.02% | -11.41% | 4.98% |
Correlation
The correlation between DBB and COMB is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since May 24, 2017 | 0.51 |
The correlation between DBB and COMB shifts across timeframes, from 0.33 (1 year) to 0.51 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DBB vs. COMB — Risk / Return Rank
DBB
COMB
DBB vs. COMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Base Metals Fund (DBB) and GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB). 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 | COMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.33 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 3.60 | +0.06 |
| Martin ratioReturn relative to average drawdown | 13.81 | 10.16 | +3.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| DBB | COMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 1.82 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.61 | -0.23 |
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 | 0.48 | -0.41 |
Drawdowns
DBB vs. COMB - Drawdown Comparison
The maximum DBB drawdown since its inception was -60.20%, which is greater than COMB's maximum drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for DBB and COMB.
Loading charts...
Drawdown Indicators
| DBB | COMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.20% | -33.50% | -26.70% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -8.74% | -2.26% |
Max Drawdown (3Y)Largest decline over 3 years | -16.59% | -11.35% | -5.24% |
Max Drawdown (5Y)Largest decline over 5 years | -35.00% | -26.63% | -8.37% |
Max Drawdown (10Y)Largest decline over 10 years | -37.98% | — | — |
Current DrawdownCurrent decline from peak | -4.54% | -8.74% | +4.20% |
Average DrawdownAverage peak-to-trough decline | -30.87% | -12.05% | -18.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 3.09% | -0.19% |
Volatility
DBB vs. COMB - Volatility Comparison
Invesco DB Base Metals Fund (DBB) has a higher volatility of 6.10% compared to GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) at 5.39%. This indicates that DBB's price experiences larger fluctuations and is considered to be riskier than COMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DBB | COMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 5.39% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 15.90% | 15.33% | +0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.21% | 17.32% | +0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.27% | 16.75% | +3.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.48% | 15.15% | +3.33% |
DBB vs. COMB - Expense Ratio Comparison
DBB has a 0.80% expense ratio, which is higher than COMB's 0.25% expense ratio.
Dividends
DBB vs. COMB - Dividend Comparison
DBB's dividend yield for the trailing twelve months is around 2.36%, less than COMB's 7.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
COMB GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF | 7.48% | 9.05% | 2.48% | 6.57% | 30.85% | 15.83% | 0.07% | 1.48% | 0.97% | 0.20% |
DBB Invesco DB Base Metals Fund | 2.36% | 2.61% | 4.75% | 7.21% | 0.94% | 0.00% | 0.00% | 1.83% | 1.59% | 0.00% |
Frequently Asked Questions
DBB and COMB have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBB has higher volatility (6.10%) compared to COMB (5.39%). In terms of maximum drawdown, DBB dropped -60.20% vs COMB's -33.50%.
On 5-year performance, COMB leads with 10.09% vs 7.62% for DBB. On fees, COMB is cheaper at 0.25% per year. On volatility, COMB has been the lower-risk option at 5.39%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, COMB has performed better with a 10.09% return vs 7.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
COMB is cheaper with a 0.25% expense ratio, compared with 0.80% for DBB.
COMB has the higher dividend yield at 7.48%, compared with 2.36% for DBB.
DBB is categorized as Metals, while COMB is Commodities. They also come from different issuers: Invesco and GraniteShares. Their fees differ too: 0.80% for DBB and 0.25% for COMB.
DBB currently has the higher Sharpe Ratio (2.21 vs 1.82), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for DBB and COMB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer