DBP vs. FLJP
DBP (Invesco DB Precious Metals Fund) and FLJP (Franklin FTSE Japan ETF) are both exchange-traded funds - DBP is a Precious Metals fund tracking the DBIQ Optimum Yield Precious Metals Index Excess Return, while FLJP is a Japan Equities fund tracking the FTSE Japan RIC Capped Index. Both are passively managed. Over the past 5 years, DBP returned 16.18%/yr vs 8.82%/yr for FLJP. At a 0.21 correlation, their price movements are largely independent. DBP charges 0.78%/yr vs 0.09%/yr for FLJP.
Performance
DBP vs. FLJP - Performance Comparison
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Returns By Period
In the year-to-date period, DBP achieves a -3.82% return, which is significantly lower than FLJP's 14.83% return.
DBP
- 1D
- 0.09%
- 1M
- -11.93%
- YTD
- -3.82%
- 6M
- -0.66%
- 1Y
- 30.66%
- 3Y*
- 29.99%
- 5Y*
- 16.18%
- 10Y*
- 11.21%
FLJP
- 1D
- 0.56%
- 1M
- 0.15%
- YTD
- 14.83%
- 6M
- 14.62%
- 1Y
- 31.78%
- 3Y*
- 16.94%
- 5Y*
- 8.82%
- 10Y*
- —
DBP vs. FLJP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBP Invesco DB Precious Metals Fund | -3.82% | 73.43% | 26.71% | 8.68% | -1.51% | -7.10% | 26.79% | 15.89% | -4.31% | 2.17% |
FLJP Franklin FTSE Japan ETF | 14.83% | 26.79% | 6.99% | 20.00% | -16.57% | 0.99% | 15.76% | 18.99% | -14.01% | 2.53% |
Correlation
The correlation between DBP and FLJP is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017 | 0.21 |
The correlation between DBP and FLJP shifts across timeframes, from 0.21 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DBP vs. FLJP — Risk / Return Rank
DBP
FLJP
DBP vs. FLJP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Precious Metals Fund (DBP) and Franklin FTSE Japan ETF (FLJP). 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.
| DBP | FLJP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.30 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 2.33 | -1.26 |
| Martin ratioReturn relative to average drawdown | 2.77 | 8.10 | -5.33 |
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Drawdowns
DBP vs. FLJP - Drawdown Comparison
The maximum DBP drawdown since its inception was -53.89%, which is greater than FLJP's maximum drawdown of -32.49%. Use the drawdown chart below to compare losses from any high point for DBP and FLJP.
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Drawdown Indicators
| DBP | FLJP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.89% | -32.49% | -21.40% |
Max Drawdown (1Y)Largest decline over 1 year | -30.03% | -13.30% | -16.73% |
Max Drawdown (3Y)Largest decline over 3 years | -30.03% | -14.17% | -15.86% |
Max Drawdown (5Y)Largest decline over 5 years | -30.03% | -32.49% | +2.46% |
Max Drawdown (10Y)Largest decline over 10 years | -30.03% | — | — |
Current DrawdownCurrent decline from peak | -27.52% | -1.49% | -26.03% |
Average DrawdownAverage peak-to-trough decline | -25.42% | -9.34% | -16.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.56% | 3.83% | +7.73% |
Volatility
DBP vs. FLJP - Volatility Comparison
Invesco DB Precious Metals Fund (DBP) has a higher volatility of 9.06% compared to Franklin FTSE Japan ETF (FLJP) at 5.62%. This indicates that DBP's price experiences larger fluctuations and is considered to be riskier than FLJP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBP | FLJP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.06% | 5.62% | +3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 30.70% | 15.45% | +15.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.35% | 19.47% | +13.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.14% | 17.86% | +3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 17.84% | +1.00% |
DBP vs. FLJP - Expense Ratio Comparison
DBP has a 0.78% expense ratio, which is higher than FLJP's 0.09% expense ratio.
Dividends
DBP vs. FLJP - Dividend Comparison
DBP's dividend yield for the trailing twelve months is around 2.53%, less than FLJP's 4.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DBP Invesco DB Precious Metals Fund | 2.53% | 2.44% | 4.21% | 4.47% | 0.45% | 0.00% | 0.00% | 1.26% | 1.24% | 0.12% |
FLJP Franklin FTSE Japan ETF | 4.48% | 5.15% | 4.56% | 3.00% | 1.92% | 2.40% | 1.51% | 2.26% | 1.50% | 0.10% |
Frequently Asked Questions
DBP and FLJP have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBP has higher volatility (9.06%) compared to FLJP (5.62%). In terms of maximum drawdown, DBP dropped -53.89% vs FLJP's -32.49%.
On 5-year performance, DBP leads with 16.18% vs 8.82% for FLJP. On fees, FLJP is cheaper at 0.09% per year. On volatility, FLJP has been the lower-risk option at 5.62%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DBP has performed better with a 16.18% return vs 8.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLJP is cheaper with a 0.09% expense ratio, compared with 0.78% for DBP.
FLJP has the higher dividend yield at 4.48%, compared with 2.53% for DBP.
DBP is categorized as Precious Metals, while FLJP is Japan Equities. DBP tracks DBIQ Optimum Yield Precious Metals Index Excess Return, while FLJP tracks FTSE Japan RIC Capped Index. They also come from different issuers: Invesco and Franklin Templeton. Their fees differ too: 0.78% for DBP and 0.09% for FLJP.
FLJP currently has the higher Sharpe Ratio (1.60 vs 0.96), 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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