DBB vs. DBA
Compare and contrast key facts about Invesco DB Base Metals Fund (DBB) and Invesco DB Agriculture Fund (DBA).
DBB and DBA 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. DBA is a passively managed fund by Invesco that tracks the performance of the DBIQ Diversified Agriculture Index TR. It was launched on Jan 5, 2007. Both DBB and DBA 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 DBA.
Key characteristics
| DBB | DBA | |
|---|---|---|
| YTD Return | 11.09% | 18.95% |
| 1Y Return | 19.36% | 24.15% |
| 3Y Return (Ann) | 1.18% | 10.47% |
| 5Y Return (Ann) | 7.16% | 11.06% |
| 10Y Return (Ann) | 3.52% | -0.71% |
| Sharpe Ratio | 0.99 | 1.46 |
| Daily Std Dev | 15.98% | 15.50% |
| Max Drawdown | -60.20% | -67.97% |
| Current Drawdown | -18.20% | -36.90% |
Correlation
The correlation between DBB and DBA is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
DBB vs. DBA - Performance Comparison
In the year-to-date period, DBB achieves a 11.09% return, which is significantly lower than DBA's 18.95% return. Over the past 10 years, DBB has outperformed DBA with an annualized return of 3.52%, while DBA has yielded a comparatively lower -0.71% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DBB vs. DBA - Expense Ratio Comparison
DBB has a 0.80% expense ratio, which is lower than DBA's 0.94% expense ratio.
Risk-Adjusted Performance
DBB vs. DBA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Base Metals Fund (DBB) and Invesco DB Agriculture Fund (DBA). 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. DBA - Dividend Comparison
DBB's dividend yield for the trailing twelve months is around 6.49%, more than DBA's 3.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
DBB Invesco DB Base Metals Fund | 6.49% | 7.21% | 0.94% | 0.00% | 0.00% | 1.82% | 1.58% |
DBA Invesco DB Agriculture Fund | 3.89% | 4.63% | 0.48% | 0.00% | 0.00% | 1.55% | 1.06% |
Drawdowns
DBB vs. DBA - Drawdown Comparison
The maximum DBB drawdown since its inception was -60.20%, smaller than the maximum DBA drawdown of -67.97%. Use the drawdown chart below to compare losses from any high point for DBB and DBA. For additional features, visit the drawdowns tool.
Volatility
DBB vs. DBA - Volatility Comparison
The current volatility for Invesco DB Base Metals Fund (DBB) is 4.77%, while Invesco DB Agriculture Fund (DBA) has a volatility of 8.78%. This indicates that DBB experiences smaller price fluctuations and is considered to be less risky than DBA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.