DBB vs. VOO
Compare and contrast key facts about Invesco DB Base Metals Fund (DBB) and Vanguard S&P 500 ETF (VOO).
DBB and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both DBB and VOO 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 VOO.
Key characteristics
| DBB | VOO | |
|---|---|---|
| YTD Return | 11.09% | 9.95% |
| 1Y Return | 19.36% | 28.35% |
| 3Y Return (Ann) | 1.18% | 9.61% |
| 5Y Return (Ann) | 7.16% | 14.49% |
| 10Y Return (Ann) | 3.52% | 12.71% |
| Sharpe Ratio | 0.99 | 2.44 |
| Daily Std Dev | 15.98% | 11.57% |
| Max Drawdown | -60.20% | -33.99% |
| Current Drawdown | -18.20% | -0.54% |
Correlation
The correlation between DBB and VOO is 0.34, 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.
Performance
DBB vs. VOO - Performance Comparison
In the year-to-date period, DBB achieves a 11.09% return, which is significantly higher than VOO's 9.95% return. Over the past 10 years, DBB has underperformed VOO with an annualized return of 3.52%, while VOO has yielded a comparatively higher 12.71% 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. VOO - Expense Ratio Comparison
DBB has a 0.80% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
DBB vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Base Metals Fund (DBB) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
DBB's dividend yield for the trailing twelve months is around 6.49%, more than VOO's 1.34% 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% |
VOO Vanguard S&P 500 ETF | 1.34% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
DBB vs. VOO - Drawdown Comparison
The maximum DBB drawdown since its inception was -60.20%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for DBB and VOO. For additional features, visit the drawdowns tool.
Volatility
DBB vs. VOO - Volatility Comparison
Invesco DB Base Metals Fund (DBB) has a higher volatility of 4.77% compared to Vanguard S&P 500 ETF (VOO) at 3.92%. This indicates that DBB's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.