DBB vs. REMX
DBB (Invesco DB Base Metals Fund) and REMX (VanEck Rare Earth and Strategic Metals ETF) are both exchange-traded funds - DBB is a Metals fund tracking the DBIQ Optimum Yield Industrial Metals Index Excess Return, while REMX is a Rare Earth & Strategic Metals fund tracking the MarketVector Global Rare Earth/Strategic Metals Index. Both are passively managed. Over the past 10 years, DBB returned 8.59%/yr vs 10.09%/yr for REMX. At a 0.43 correlation, their price movements are largely independent. DBB charges 0.80%/yr vs 0.59%/yr for REMX.
Performance
DBB vs. REMX - Performance Comparison
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Returns By Period
In the year-to-date period, DBB achieves a 6.67% return, which is significantly lower than REMX's 24.22% return. Over the past 10 years, DBB has underperformed REMX with an annualized return of 8.59%, while REMX has yielded a comparatively higher 10.09% annualized return.
DBB
- 1D
- -3.05%
- 1M
- -5.52%
- YTD
- 6.67%
- 6M
- 9.49%
- 1Y
- 31.53%
- 3Y*
- 16.31%
- 5Y*
- 7.44%
- 10Y*
- 8.59%
REMX
- 1D
- -5.62%
- 1M
- -5.16%
- YTD
- 24.22%
- 6M
- 22.61%
- 1Y
- 139.49%
- 3Y*
- 5.61%
- 5Y*
- 4.37%
- 10Y*
- 10.09%
DBB vs. REMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBB Invesco DB Base Metals Fund | 6.67% | 25.01% | 7.90% | 1.15% | -11.80% | 28.97% | 15.53% | -1.17% | -19.47% | 30.09% |
REMX VanEck Rare Earth and Strategic Metals ETF | 24.22% | 92.95% | -35.02% | -19.18% | -31.13% | 79.81% | 64.82% | 0.74% | -49.63% | 82.60% |
Correlation
The correlation between DBB and REMX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2010 | 0.43 |
The correlation between DBB and REMX has been stable across timeframes, ranging from 0.43 to 0.51 - a consistent structural relationship.
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Return for Risk
DBB vs. REMX — Risk / Return Rank
DBB
REMX
DBB vs. REMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Base Metals Fund (DBB) and VanEck Rare Earth and Strategic Metals ETF (REMX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DBB | REMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.38 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 6.01 | -3.13 |
| Martin ratioReturn relative to average drawdown | 10.30 | 15.83 | -5.53 |
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Drawdowns
DBB vs. REMX - Drawdown Comparison
The maximum DBB drawdown since its inception was -60.20%, smaller than the maximum REMX drawdown of -90.20%. Use the drawdown chart below to compare losses from any high point for DBB and REMX.
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Drawdown Indicators
| DBB | REMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.20% | -90.20% | +30.00% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -23.35% | +12.35% |
Max Drawdown (3Y)Largest decline over 3 years | -16.59% | -62.11% | +45.52% |
Max Drawdown (5Y)Largest decline over 5 years | -35.00% | -73.34% | +38.34% |
Max Drawdown (10Y)Largest decline over 10 years | -37.98% | -73.34% | +35.36% |
Current DrawdownCurrent decline from peak | -8.11% | -57.95% | +49.84% |
Average DrawdownAverage peak-to-trough decline | -30.82% | -66.82% | +36.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 8.85% | -5.78% |
Volatility
DBB vs. REMX - Volatility Comparison
The current volatility for Invesco DB Base Metals Fund (DBB) is 5.98%, while VanEck Rare Earth and Strategic Metals ETF (REMX) has a volatility of 16.71%. This indicates that DBB experiences smaller price fluctuations and is considered to be less risky than REMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBB | REMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.98% | 16.71% | -10.73% |
Volatility (6M)Calculated over the trailing 6-month period | 16.24% | 37.35% | -21.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.63% | 49.97% | -31.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.26% | 40.71% | -20.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.51% | 37.16% | -18.65% |
DBB vs. REMX - Expense Ratio Comparison
DBB has a 0.80% expense ratio, which is higher than REMX's 0.59% expense ratio.
Dividends
DBB vs. REMX - Dividend Comparison
DBB's dividend yield for the trailing twelve months is around 2.45%, more than REMX's 1.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBB Invesco DB Base Metals Fund | 2.45% | 2.61% | 4.75% | 7.21% | 0.94% | 0.00% | 0.00% | 1.83% | 1.59% | 0.00% | 0.00% | 0.00% |
REMX VanEck Rare Earth and Strategic Metals ETF | 1.42% | 1.76% | 2.56% | 0.00% | 1.56% | 5.25% | 0.81% | 1.64% | 12.43% | 2.89% | 2.23% | 4.77% |
Frequently Asked Questions
DBB and REMX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
REMX has higher volatility (16.71%) compared to DBB (5.98%). In terms of maximum drawdown, DBB dropped -60.20% vs REMX's -90.20%.
On 10-year performance, REMX leads with 10.09% vs 8.59% for DBB. On fees, REMX is cheaper at 0.59% per year. On volatility, DBB has been the lower-risk option at 5.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, REMX has performed better with a 10.09% return vs 8.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
REMX is cheaper with a 0.59% expense ratio, compared with 0.80% for DBB.
DBB has the higher dividend yield at 2.45%, compared with 1.42% for REMX.
DBB is categorized as Metals, while REMX is Rare Earth & Strategic Metals. DBB tracks DBIQ Optimum Yield Industrial Metals Index Excess Return, while REMX tracks MarketVector Global Rare Earth/Strategic Metals Index. They also come from different issuers: Invesco and VanEck. Their fees differ too: 0.80% for DBB and 0.59% for REMX.
REMX currently has the higher Sharpe Ratio (2.81 vs 1.70), 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.
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