DBB vs. QQQ
Compare and contrast key facts about Invesco DB Base Metals Fund (DBB) and Invesco QQQ ETF (QQQ).
DBB and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both DBB and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
DBB vs. QQQ - Performance Comparison
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DBB vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBB Invesco DB Base Metals Fund | 2.44% | 25.01% | 7.90% | 1.15% | -11.80% | 28.97% | 15.53% | -1.17% | -19.47% | 30.09% |
QQQ Invesco QQQ ETF | -5.93% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Returns By Period
In the year-to-date period, DBB achieves a 2.44% return, which is significantly higher than QQQ's -5.93% return. Over the past 10 years, DBB has underperformed QQQ with an annualized return of 8.49%, while QQQ has yielded a comparatively higher 18.85% annualized return.
DBB
- 1D
- 0.69%
- 1M
- -2.81%
- YTD
- 2.44%
- 6M
- 17.52%
- 1Y
- 25.79%
- 3Y*
- 10.41%
- 5Y*
- 8.01%
- 10Y*
- 8.49%
QQQ
- 1D
- 3.39%
- 1M
- -4.84%
- YTD
- -5.93%
- 6M
- -3.62%
- 1Y
- 23.68%
- 3Y*
- 22.32%
- 5Y*
- 12.88%
- 10Y*
- 18.85%
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DBB vs. QQQ - Expense Ratio Comparison
DBB has a 0.80% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
DBB vs. QQQ — Risk / Return Rank
DBB
QQQ
DBB vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Base Metals Fund (DBB) and Invesco QQQ ETF (QQQ). 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 | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 1.05 | +0.33 |
Sortino ratioReturn per unit of downside risk | 1.88 | 1.63 | +0.25 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.29 | 1.88 | +0.41 |
Martin ratioReturn relative to average drawdown | 7.26 | 6.95 | +0.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DBB | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 1.05 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.58 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.85 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.37 | -0.32 |
Correlation
The correlation between DBB and QQQ 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.
Dividends
DBB vs. QQQ - Dividend Comparison
DBB's dividend yield for the trailing twelve months is around 2.55%, more than QQQ's 0.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBB Invesco DB Base Metals Fund | 2.55% | 2.61% | 4.75% | 7.21% | 0.94% | 0.00% | 0.00% | 1.83% | 1.59% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ ETF | 0.49% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
DBB vs. QQQ - Drawdown Comparison
The maximum DBB drawdown since its inception was -60.20%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for DBB and QQQ.
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Drawdown Indicators
| DBB | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.20% | -82.97% | +22.77% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -12.62% | +1.62% |
Max Drawdown (5Y)Largest decline over 5 years | -35.00% | -35.12% | +0.12% |
Max Drawdown (10Y)Largest decline over 10 years | -37.98% | -35.12% | -2.86% |
Current DrawdownCurrent decline from peak | -6.37% | -8.98% | +2.61% |
Average DrawdownAverage peak-to-trough decline | -31.16% | -32.99% | +1.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 3.41% | +0.05% |
Volatility
DBB vs. QQQ - Volatility Comparison
Invesco DB Base Metals Fund (DBB) has a higher volatility of 7.07% compared to Invesco QQQ ETF (QQQ) at 6.51%. This indicates that DBB's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBB | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.07% | 6.51% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 14.98% | 12.77% | +2.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.84% | 22.67% | -3.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.29% | 22.39% | -2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.46% | 22.25% | -3.79% |