DBP vs. IGLD
DBP (Invesco DB Precious Metals Fund) and IGLD (FT Vest Gold Strategy Target Income ETF) are both exchange-traded funds - DBP is a Precious Metals fund tracking the DBIQ Optimum Yield Precious Metals Index Excess Return, while IGLD is a Gold fund actively managed by First Trust. DBP is passively managed, while IGLD is actively managed. Over the past 5 years, DBP returned 16.74%/yr vs 12.76%/yr for IGLD. Their correlation of 0.90 suggests significant overlap in exposure. DBP charges 0.78%/yr vs 0.85%/yr for IGLD.
Performance
DBP vs. IGLD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DBP achieves a -7.35% return, which is significantly lower than IGLD's -5.55% return.
DBP
- 1D
- -2.46%
- 1M
- -11.00%
- YTD
- -7.35%
- 6M
- -11.28%
- 1Y
- 27.61%
- 3Y*
- 29.27%
- 5Y*
- 16.74%
- 10Y*
- 10.50%
IGLD
- 1D
- -1.96%
- 1M
- -8.08%
- YTD
- -5.55%
- 6M
- -8.37%
- 1Y
- 14.83%
- 3Y*
- 20.33%
- 5Y*
- 12.76%
- 10Y*
- —
DBP vs. IGLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DBP Invesco DB Precious Metals Fund | -7.35% | 73.43% | 26.71% | 8.68% | -1.51% | 0.04% |
IGLD FT Vest Gold Strategy Target Income ETF | -5.55% | 47.46% | 19.36% | 9.24% | -2.34% | 4.30% |
Correlation
The correlation between DBP and IGLD is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2021 | 0.90 |
The correlation between DBP and IGLD has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DBP vs. IGLD — Risk / Return Rank
DBP
IGLD
DBP vs. IGLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Precious Metals Fund (DBP) and FT Vest Gold Strategy Target Income ETF (IGLD). 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 | IGLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.14 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 0.68 | +0.24 |
| Martin ratioReturn relative to average drawdown | 2.25 | 1.94 | +0.31 |
Loading charts...
Drawdowns
DBP vs. IGLD - Drawdown Comparison
The maximum DBP drawdown since its inception was -53.89%, which is greater than IGLD's maximum drawdown of -21.90%. Use the drawdown chart below to compare losses from any high point for DBP and IGLD.
Loading charts...
Drawdown Indicators
| DBP | IGLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.89% | -21.90% | -31.99% |
Max Drawdown (1Y)Largest decline over 1 year | -30.18% | -21.90% | -8.28% |
Max Drawdown (3Y)Largest decline over 3 years | -30.18% | -21.90% | -8.28% |
Max Drawdown (5Y)Largest decline over 5 years | -30.18% | -21.90% | -8.28% |
Max Drawdown (10Y)Largest decline over 10 years | -30.18% | — | — |
Current DrawdownCurrent decline from peak | -30.18% | -21.20% | -8.98% |
Average DrawdownAverage peak-to-trough decline | -25.42% | -5.37% | -20.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.30% | 7.68% | +4.62% |
Volatility
DBP vs. IGLD - Volatility Comparison
Invesco DB Precious Metals Fund (DBP) has a higher volatility of 8.93% compared to FT Vest Gold Strategy Target Income ETF (IGLD) at 8.14%. This indicates that DBP's price experiences larger fluctuations and is considered to be riskier than IGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DBP | IGLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.93% | 8.14% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 30.96% | 22.34% | +8.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.62% | 24.40% | +9.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.18% | 15.48% | +5.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.83% | 15.30% | +3.53% |
DBP vs. IGLD - Expense Ratio Comparison
DBP has a 0.78% expense ratio, which is lower than IGLD's 0.85% expense ratio.
Dividends
DBP vs. IGLD - Dividend Comparison
DBP's dividend yield for the trailing twelve months is around 2.63%, less than IGLD's 19.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DBP Invesco DB Precious Metals Fund | 2.63% | 2.44% | 4.21% | 4.47% | 0.45% | 0.00% | 0.00% | 1.26% | 1.24% | 0.12% |
IGLD FT Vest Gold Strategy Target Income ETF | 19.29% | 9.91% | 20.81% | 7.85% | 4.45% | 2.24% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, DBP and IGLD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
DBP has higher volatility (8.93%) compared to IGLD (8.14%). In terms of maximum drawdown, DBP dropped -53.89% vs IGLD's -21.90%.
On 5-year performance, DBP leads with 16.74% vs 12.76% for IGLD. On fees, DBP is cheaper at 0.78% per year. On volatility, IGLD has been the lower-risk option at 8.14%. 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 16.74% return vs 12.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBP is cheaper with a 0.78% expense ratio, compared with 0.85% for IGLD.
IGLD has the higher dividend yield at 19.29%, compared with 2.63% for DBP.
DBP is categorized as Precious Metals, while IGLD is Gold. They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.78% for DBP and 0.85% for IGLD.
DBP currently has the higher Sharpe Ratio (0.82 vs 0.61), 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.
Find the right allocation for DBP and IGLD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer