Correlation
The correlation between DBB and PICK is 0.31, 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.
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.
Performance
DBB vs. PICK - Performance Comparison
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Key characteristics
DBB:
-0.55
PICK:
-0.57
DBB:
-0.45
PICK:
-0.59
DBB:
0.95
PICK:
0.93
DBB:
-0.27
PICK:
-0.41
DBB:
-0.84
PICK:
-1.01
DBB:
8.69%
PICK:
13.80%
DBB:
18.52%
PICK:
26.86%
DBB:
-60.20%
PICK:
-68.87%
DBB:
-21.77%
PICK:
-20.02%
Returns By Period
In the year-to-date period, DBB achieves a -1.54% return, which is significantly lower than PICK's 5.17% return. Over the past 10 years, DBB has underperformed PICK with an annualized return of 3.66%, while PICK has yielded a comparatively higher 6.59% annualized return.
DBB
-1.54%
1.37%
-3.85%
-9.99%
-3.05%
10.17%
3.66%
PICK
5.17%
2.62%
-4.49%
-15.28%
-3.13%
14.31%
6.59%
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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 Rank
DBB
PICK
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.
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Dividends
DBB vs. PICK - Dividend Comparison
DBB's dividend yield for the trailing twelve months is around 4.83%, more than PICK's 3.10% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBB Invesco DB Base Metals Fund | 4.83% | 4.75% | 7.21% | 0.95% | 0.00% | 0.00% | 1.83% | 1.59% | 0.00% | 0.00% | 0.00% | 0.00% |
PICK iShares MSCI Global Select Metals & Mining Producers ETF | 3.10% | 3.26% | 4.19% | 6.93% | 5.89% | 2.27% | 5.51% | 4.77% | 2.41% | 1.15% | 15.77% | 2.88% |
Drawdowns
DBB vs. PICK - Drawdown Comparison
The maximum DBB drawdown since its inception was -60.20%, smaller than the maximum PICK drawdown of -68.87%. Use the drawdown chart below to compare losses from any high point for DBB and PICK.
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Volatility
DBB vs. PICK - Volatility Comparison
Invesco DB Base Metals Fund (DBB) has a higher volatility of 5.48% compared to iShares MSCI Global Select Metals & Mining Producers ETF (PICK) at 5.06%. This indicates that DBB's price experiences larger fluctuations and is considered to be riskier than PICK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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