DBP vs. IAUM
Compare and contrast key facts about Invesco DB Precious Metals Fund (DBP) and iShares Gold Trust Micro ETF of Benef Interest (IAUM).
DBP and IAUM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DBP is a passively managed fund by Invesco that tracks the performance of the DBIQ Optimum Yield Precious Metals Index Excess Return. It was launched on Jan 5, 2007. IAUM is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price PM ($/ozt). It was launched on Jun 15, 2021. Both DBP and IAUM 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: DBP or IAUM.
Correlation
The correlation between DBP and IAUM is 0.10, 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
DBP vs. IAUM - Performance Comparison
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Key characteristics
DBP:
1.61
IAUM:
2.11
DBP:
2.43
IAUM:
3.04
DBP:
1.30
IAUM:
1.39
DBP:
2.87
IAUM:
4.95
DBP:
9.72
IAUM:
13.14
DBP:
3.54%
IAUM:
3.05%
DBP:
19.46%
IAUM:
17.61%
DBP:
-53.89%
IAUM:
-20.87%
DBP:
-4.71%
IAUM:
-5.53%
Returns By Period
In the year-to-date period, DBP achieves a 19.53% return, which is significantly lower than IAUM's 23.27% return.
DBP
19.53%
0.26%
19.42%
31.10%
12.17%
7.87%
IAUM
23.27%
0.09%
23.37%
36.75%
N/A
N/A
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DBP vs. IAUM - Expense Ratio Comparison
DBP has a 0.78% expense ratio, which is higher than IAUM's 0.15% expense ratio.
Risk-Adjusted Performance
DBP vs. IAUM — Risk-Adjusted Performance Rank
DBP
IAUM
DBP vs. IAUM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Precious Metals Fund (DBP) and iShares Gold Trust Micro ETF of Benef Interest (IAUM). 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.
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Dividends
DBP vs. IAUM - Dividend Comparison
DBP's dividend yield for the trailing twelve months is around 3.53%, while IAUM has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
DBP Invesco DB Precious Metals Fund | 3.53% | 4.22% | 4.47% | 0.45% | 0.00% | 0.00% | 1.26% | 1.24% | 0.12% |
IAUM iShares Gold Trust Micro ETF of Benef Interest | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DBP vs. IAUM - Drawdown Comparison
The maximum DBP drawdown since its inception was -53.89%, which is greater than IAUM's maximum drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for DBP and IAUM. For additional features, visit the drawdowns tool.
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Volatility
DBP vs. IAUM - Volatility Comparison
The current volatility for Invesco DB Precious Metals Fund (DBP) is 7.82%, while iShares Gold Trust Micro ETF of Benef Interest (IAUM) has a volatility of 8.83%. This indicates that DBP experiences smaller price fluctuations and is considered to be less risky than IAUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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