DBP vs. MFIC
DBP (Invesco DB Precious Metals Fund) is Precious Metals fund tracking the DBIQ Optimum Yield Precious Metals Index Excess Return, while MFIC (MidCap Financial Investment Corporation) is a stock. Over the past 10 years, DBP returned 9.67%/yr vs 6.80%/yr for MFIC. At a 0.08 correlation, their price movements are largely independent.
Performance
DBP vs. MFIC - Performance Comparison
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Returns By Period
In the year-to-date period, DBP achieves a -11.49% return, which is significantly lower than MFIC's -7.42% return. Over the past 10 years, DBP has outperformed MFIC with an annualized return of 9.67%, while MFIC has yielded a comparatively lower 6.80% annualized return.
DBP
- 1D
- -2.19%
- 1M
- -10.73%
- 6M
- -20.75%
- YTD
- -11.49%
- 1Y
- 21.74%
- 3Y*
- 25.88%
- 5Y*
- 15.33%
- 10Y*
- 9.67%
MFIC
- 1D
- 0.40%
- 1M
- -1.38%
- 6M
- -9.79%
- YTD
- -7.42%
- 1Y
- -15.70%
- 3Y*
- 2.86%
- 5Y*
- 5.90%
- 10Y*
- 6.80%
DBP vs. MFIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBP Invesco DB Precious Metals Fund | -11.49% | 73.43% | 26.71% | 8.68% | -1.51% | -7.10% | 26.79% | 15.89% | -4.31% | 10.58% |
MFIC MidCap Financial Investment Corporation | -7.42% | -4.34% | 11.25% | 35.48% | 0.19% | 33.67% | -28.54% | 56.97% | -18.11% | 6.51% |
Correlation
The correlation between DBP and MFIC is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2007 | 0.08 |
The correlation between DBP and MFIC shifts across timeframes, from -0.05 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DBP vs. MFIC — Risk / Return Rank
DBP
MFIC
DBP vs. MFIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Precious Metals Fund (DBP) and MidCap Financial Investment Corporation (MFIC). 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 | MFIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.29 | ||
| Sortino ratioReturn per unit of downside risk | +1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.90 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.66 | -0.67 | +1.33 |
| Martin ratioReturn relative to average drawdown | 1.49 | -1.54 | +3.02 |
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Drawdowns
DBP vs. MFIC - Drawdown Comparison
The maximum DBP drawdown since its inception was -53.89%, smaller than the maximum MFIC drawdown of -87.97%. Use the drawdown chart below to compare losses from any high point for DBP and MFIC.
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Drawdown Indicators
| DBP | MFIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.89% | -87.97% | +34.08% |
Max Drawdown (1Y)Largest decline over 1 year | -33.30% | -23.46% | -9.84% |
Max Drawdown (3Y)Largest decline over 3 years | -33.30% | -26.97% | -6.33% |
Max Drawdown (5Y)Largest decline over 5 years | -33.30% | -26.97% | -6.33% |
Max Drawdown (10Y)Largest decline over 10 years | -33.30% | -67.77% | +34.47% |
Current DrawdownCurrent decline from peak | -33.30% | -19.09% | -14.21% |
Average DrawdownAverage peak-to-trough decline | -25.44% | -17.53% | -7.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.65% | 10.24% | +4.41% |
Volatility
DBP vs. MFIC - Volatility Comparison
Invesco DB Precious Metals Fund (DBP) has a higher volatility of 7.77% compared to MidCap Financial Investment Corporation (MFIC) at 5.77%. This indicates that DBP's price experiences larger fluctuations and is considered to be riskier than MFIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBP | MFIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.77% | 5.77% | +2.00% |
Volatility (6M)Calculated over the trailing 6-month period | 30.08% | 20.37% | +9.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.14% | 24.19% | +9.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.38% | 22.82% | -1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.92% | 30.01% | -11.09% |
Dividends
DBP vs. MFIC - Dividend Comparison
DBP's dividend yield for the trailing twelve months is around 2.75%, less than MFIC's 13.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBP Invesco DB Precious Metals Fund | 2.75% | 2.44% | 4.21% | 4.47% | 0.45% | 0.00% | 0.00% | 1.26% | 1.24% | 0.12% | 0.00% | 0.00% |
MFIC MidCap Financial Investment Corporation | 13.84% | 13.29% | 12.75% | 11.11% | 12.37% | 11.26% | 15.25% | 10.31% | 14.52% | 10.60% | 11.95% | 15.33% |
Frequently Asked Questions
DBP and MFIC have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBP has higher volatility (7.77%) compared to MFIC (5.77%). In terms of maximum drawdown, DBP dropped -53.89% vs MFIC's -87.97%.
DBP currently has the higher Sharpe Ratio (0.64 vs -0.65), 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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