DBB vs. PICK
Compare and contrast key facts about Invesco DB Base Metals Fund (DBB) and iShares MSCI Global Select Metals & Mining Producers ETF (PICK).
DBB and PICK 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. PICK is a passively managed fund by iShares that tracks the performance of the MSCI ACWI Select Metals & Mining Producers Ex Gold & Silver Investable Market Index. It was launched on Jan 31, 2012. Both DBB and PICK 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 PICK.
Key characteristics
| DBB | PICK | |
|---|---|---|
| YTD Return | 11.09% | 2.07% |
| 1Y Return | 19.36% | 15.97% |
| 3Y Return (Ann) | 1.18% | 0.58% |
| 5Y Return (Ann) | 7.16% | 13.68% |
| 10Y Return (Ann) | 3.52% | 5.60% |
| Sharpe Ratio | 0.99 | 0.58 |
| Daily Std Dev | 15.98% | 21.78% |
| Max Drawdown | -60.20% | -68.88% |
| Current Drawdown | -18.20% | -7.20% |
Correlation
The correlation between DBB and PICK is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
DBB vs. PICK - Performance Comparison
In the year-to-date period, DBB achieves a 11.09% return, which is significantly higher than PICK's 2.07% return. Over the past 10 years, DBB has underperformed PICK with an annualized return of 3.52%, while PICK has yielded a comparatively higher 5.60% 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. PICK - Expense Ratio Comparison
DBB has a 0.80% expense ratio, which is higher than PICK's 0.39% expense ratio.
Risk-Adjusted Performance
DBB vs. PICK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Base Metals Fund (DBB) and iShares MSCI Global Select Metals & Mining Producers ETF (PICK). 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. PICK - Dividend Comparison
DBB's dividend yield for the trailing twelve months is around 6.49%, more than PICK's 4.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBB Invesco DB Base Metals Fund | 6.49% | 7.21% | 0.94% | 0.00% | 0.00% | 1.82% | 1.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PICK iShares MSCI Global Select Metals & Mining Producers ETF | 4.11% | 4.19% | 6.93% | 5.89% | 2.27% | 5.50% | 4.76% | 2.41% | 1.15% | 15.73% | 2.88% | 3.38% |
Drawdowns
DBB vs. PICK - Drawdown Comparison
The maximum DBB drawdown since its inception was -60.20%, smaller than the maximum PICK drawdown of -68.88%. Use the drawdown chart below to compare losses from any high point for DBB and PICK. For additional features, visit the drawdowns tool.
Volatility
DBB vs. PICK - Volatility Comparison
The current volatility for Invesco DB Base Metals Fund (DBB) is 4.77%, while iShares MSCI Global Select Metals & Mining Producers ETF (PICK) has a volatility of 5.30%. This indicates that DBB experiences smaller price fluctuations and is considered to be less risky than PICK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.