DBB vs. KCSH
DBB (Invesco DB Base Metals Fund) and KCSH (KraneShares Sustainable Ultra Short Duration Index ETF) are both exchange-traded funds - DBB is a Metals fund tracking the DBIQ Optimum Yield Industrial Metals Index Excess Return, while KCSH is a Ultrashort Bond fund tracking the Solactive ISS Sustainable Select 0-1 Year USD Corporate IG Index. Both are passively managed. Over the past year, DBB returned 40.01% vs 4.08% for KCSH. At a correlation of -0.01, they often move in opposite directions. DBB charges 0.80%/yr vs 0.20%/yr for KCSH.
Performance
DBB vs. KCSH - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DBB achieves a 10.81% return, which is significantly higher than KCSH's 1.53% 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%
KCSH
- 1D
- 0.02%
- 1M
- 0.28%
- YTD
- 1.53%
- 6M
- 1.81%
- 1Y
- 4.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DBB vs. KCSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DBB Invesco DB Base Metals Fund | 10.81% | 25.01% | 6.11% |
KCSH KraneShares Sustainable Ultra Short Duration Index ETF | 1.53% | 4.49% | 1.98% |
Correlation
The correlation between DBB and KCSH is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2024 | -0.01 |
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. KCSH — Risk / Return Rank
DBB
KCSH
DBB vs. KCSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Base Metals Fund (DBB) and KraneShares Sustainable Ultra Short Duration Index ETF (KCSH). 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 | KCSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 2.13 | -0.76 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 7.03 | -3.38 |
| Martin ratioReturn relative to average drawdown | 13.81 | 59.14 | -45.33 |
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 | KCSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 3.29 | -1.08 |
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 | 3.26 | -3.19 |
Drawdowns
DBB vs. KCSH - Drawdown Comparison
The maximum DBB drawdown since its inception was -60.20%, which is greater than KCSH's maximum drawdown of -0.58%. Use the drawdown chart below to compare losses from any high point for DBB and KCSH.
Loading charts...
Drawdown Indicators
| DBB | KCSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.20% | -0.58% | -59.62% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -0.58% | -10.42% |
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 DrawdownCurrent decline from peak | -4.54% | 0.00% | -4.54% |
Average DrawdownAverage peak-to-trough decline | -30.87% | -0.03% | -30.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 0.07% | +2.83% |
Volatility
DBB vs. KCSH - Volatility Comparison
Invesco DB Base Metals Fund (DBB) has a higher volatility of 6.10% compared to KraneShares Sustainable Ultra Short Duration Index ETF (KCSH) at 0.18%. This indicates that DBB's price experiences larger fluctuations and is considered to be riskier than KCSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DBB | KCSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 0.18% | +5.92% |
Volatility (6M)Calculated over the trailing 6-month period | 15.90% | 0.84% | +15.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.21% | 1.25% | +16.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.27% | 1.32% | +18.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.48% | 1.32% | +17.16% |
DBB vs. KCSH - Expense Ratio Comparison
DBB has a 0.80% expense ratio, which is higher than KCSH's 0.20% expense ratio.
Dividends
DBB vs. KCSH - Dividend Comparison
DBB's dividend yield for the trailing twelve months is around 2.36%, less than KCSH's 3.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBB Invesco DB Base Metals Fund | 2.36% | 2.61% | 4.75% | 7.21% | 0.94% | 0.00% | 0.00% | 1.83% | 1.59% |
KCSH KraneShares Sustainable Ultra Short Duration Index ETF | 3.96% | 4.35% | 2.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DBB and KCSH have a correlation of -0.08, 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 KCSH (0.18%). In terms of maximum drawdown, DBB dropped -60.20% vs KCSH's -0.58%.
On 1-year performance, DBB leads with 40.01% vs 4.08% for KCSH. On fees, KCSH is cheaper at 0.20% per year. On volatility, KCSH has been the lower-risk option at 0.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DBB has performed better with a 40.01% return vs 4.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KCSH is cheaper with a 0.20% expense ratio, compared with 0.80% for DBB.
KCSH has the higher dividend yield at 3.96%, compared with 2.36% for DBB.
DBB is categorized as Metals, while KCSH is Ultrashort Bond. DBB tracks DBIQ Optimum Yield Industrial Metals Index Excess Return, while KCSH tracks Solactive ISS Sustainable Select 0-1 Year USD Corporate IG Index. They also come from different issuers: Invesco and KraneShares. Their fees differ too: 0.80% for DBB and 0.20% for KCSH.
KCSH currently has the higher Sharpe Ratio (3.29 vs 2.21), 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 KCSH
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