DBP vs. PSLV
Compare and contrast key facts about Invesco DB Precious Metals Fund (DBP) and Sprott Physical Silver Trust (PSLV).
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.
Performance
DBP vs. PSLV - Performance Comparison
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DBP vs. PSLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBP Invesco DB Precious Metals Fund | 7.03% | 73.43% | 26.71% | 8.68% | -1.51% | -7.10% | 26.79% | 15.89% | -4.31% | 10.58% |
PSLV Sprott Physical Silver Trust | 3.13% | 145.08% | 19.43% | -1.94% | 2.74% | -14.13% | 42.81% | 16.99% | -11.83% | 4.28% |
Returns By Period
In the year-to-date period, DBP achieves a 7.03% return, which is significantly higher than PSLV's 3.13% return. Over the past 10 years, DBP has underperformed PSLV with an annualized return of 13.17%, while PSLV has yielded a comparatively higher 14.87% annualized return.
DBP
- 1D
- 4.37%
- 1M
- -13.22%
- YTD
- 7.03%
- 6M
- 26.77%
- 1Y
- 57.78%
- 3Y*
- 34.01%
- 5Y*
- 20.74%
- 10Y*
- 13.17%
PSLV
- 1D
- 7.49%
- 1M
- -21.04%
- YTD
- 3.13%
- 6M
- 55.35%
- 1Y
- 110.26%
- 3Y*
- 43.00%
- 5Y*
- 22.17%
- 10Y*
- 14.87%
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Return for Risk
DBP vs. PSLV — Risk / Return Rank
DBP
PSLV
DBP vs. PSLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Precious Metals Fund (DBP) and Sprott Physical Silver Trust (PSLV). 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.
| DBP | PSLV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.76 | 1.96 | -0.20 |
Sortino ratioReturn per unit of downside risk | 2.08 | 2.11 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.37 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.33 | 2.72 | -0.39 |
Martin ratioReturn relative to average drawdown | 8.43 | 8.74 | -0.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DBP | PSLV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 1.96 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 0.64 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.49 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.19 | +0.26 |
Correlation
The correlation between DBP and PSLV is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
DBP vs. PSLV - Dividend Comparison
DBP's dividend yield for the trailing twelve months is around 2.28%, while PSLV has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBP Invesco DB Precious Metals Fund | 2.28% | 2.44% | 4.21% | 4.47% | 0.45% | 0.00% | 0.00% | 1.26% | 1.24% | 0.12% |
PSLV Sprott Physical Silver Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DBP vs. PSLV - Drawdown Comparison
The maximum DBP drawdown since its inception was -53.89%, smaller than the maximum PSLV drawdown of -79.38%. Use the drawdown chart below to compare losses from any high point for DBP and PSLV.
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Drawdown Indicators
| DBP | PSLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.89% | -79.38% | +25.49% |
Max Drawdown (1Y)Largest decline over 1 year | -25.48% | -40.65% | +15.17% |
Max Drawdown (5Y)Largest decline over 5 years | -25.48% | -40.65% | +15.17% |
Max Drawdown (10Y)Largest decline over 10 years | -28.36% | -42.79% | +14.43% |
Current DrawdownCurrent decline from peak | -19.34% | -32.92% | +13.58% |
Average DrawdownAverage peak-to-trough decline | -25.47% | -58.45% | +32.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.06% | 12.66% | -5.60% |
Volatility
DBP vs. PSLV - Volatility Comparison
The current volatility for Invesco DB Precious Metals Fund (DBP) is 12.31%, while Sprott Physical Silver Trust (PSLV) has a volatility of 19.87%. This indicates that DBP experiences smaller price fluctuations and is considered to be less risky than PSLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBP | PSLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.31% | 19.87% | -7.56% |
Volatility (6M)Calculated over the trailing 6-month period | 30.54% | 56.42% | -25.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.93% | 56.50% | -23.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.57% | 34.63% | -14.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.57% | 30.69% | -12.12% |