DBB vs. RAYS

Last updated Jun 10, 2026

DBB (Invesco DB Base Metals Fund) and RAYS (Global X Solar ETF) are both exchange-traded funds - DBB is a Metals fund tracking the DBIQ Optimum Yield Industrial Metals Index Excess Return, while RAYS is a Alternative Energy Equities fund tracking the Solactive Solar Index. Both are passively managed. DBB charges 0.80%/yr vs 0.50%/yr for RAYS.

Performance

DBB vs. RAYS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DB Base Metals Fund (DBB) and Global X Solar ETF (RAYS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

RAYS

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DBB vs. RAYS - Yearly Performance Comparison

	2026 (YTD)
DBB Invesco DB Base Metals Fund	9.29%
RAYS Global X Solar ETF	0.00%

DBB vs. RAYS - Sectors Allocation Comparison

Sectors	DBB	RAYS
Financial Services	98.8%	-
Basic Materials	-	0.9%
Communication Services	-	-
Consumer Cyclical	-	4.0%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	21.4%
Real Estate	-	-
Technology	-	66.9%
Utilities	-	6.8%

Return for Risk

DBB vs. RAYS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DBB

DBB Risk / Return Rank: 77
DBB Sharpe Ratio Rank: 79
DBB Sortino Ratio Rank: 74
DBB Omega Ratio Rank: 73
DBB Calmar Ratio Rank: 80
DBB Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DBB vs. RAYS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DB Base Metals Fund (DBB) and Global X Solar ETF (RAYS). 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	RAYS	Difference
Sharpe ratio: Return per unit of total volatility	2.21	—	—
Sortino ratio: Return per unit of downside risk	2.90	—	—
Omega ratio: Gain probability vs. loss probability	1.38	—	—
Calmar ratio: Return relative to maximum drawdown	3.66	—	—
Martin ratio: Return relative to average drawdown	13.81	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	DBB	RAYS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.21	—	—
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	—	—

Drawdowns

DBB vs. RAYS - Drawdown Comparison

The maximum DBB drawdown since its inception was -60.20%, which is greater than RAYS's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for DBB and RAYS.

Drawdown Indicators

	DBB	RAYS	Difference
Max Drawdown Largest peak-to-trough decline	-60.20%	0.00%	-60.20%
Max Drawdown (1Y) Largest decline over 1 year	-11.00%	—	—
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 Drawdown Current decline from peak	-4.54%	0.00%	-4.54%
Average Drawdown Average peak-to-trough decline	-30.87%	0.00%	-30.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	—	—

Volatility

Volatility by Period

	DBB	RAYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.10%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.90%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.21%	0.00%	+18.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.27%	0.00%	+20.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.48%	0.00%	+18.48%

DBB vs. RAYS - Expense Ratio Comparison

DBB has a 0.80% expense ratio, which is higher than RAYS's 0.50% expense ratio.

Dividends

DBB vs. RAYS - Dividend Comparison

DBB's dividend yield for the trailing twelve months is around 2.36%, while RAYS has not paid dividends to shareholders.

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%
RAYS Global X Solar ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, DBB or RAYS?

On fees, RAYS is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DBB or RAYS?

RAYS is cheaper with a 0.50% expense ratio, compared with 0.80% for DBB.

Which ETF pays a higher dividend yield, DBB or RAYS?

DBB has the higher dividend yield at 2.36%, compared with 0.00% for RAYS.

What is the main difference between DBB and RAYS?

DBB is categorized as Metals, while RAYS is Alternative Energy Equities. DBB tracks DBIQ Optimum Yield Industrial Metals Index Excess Return, while RAYS tracks Solactive Solar Index. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.80% for DBB and 0.50% for RAYS.