DBP vs. QQQ
Compare and contrast key facts about Invesco DB Precious Metals Fund (DBP) and Invesco QQQ ETF (QQQ).
DBP and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both DBP and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
DBP vs. QQQ - Performance Comparison
Loading graphics...
DBP vs. QQQ - 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% |
QQQ Invesco QQQ ETF | -5.93% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Returns By Period
In the year-to-date period, DBP achieves a 7.03% return, which is significantly higher than QQQ's -5.93% return. Over the past 10 years, DBP has underperformed QQQ with an annualized return of 13.17%, while QQQ has yielded a comparatively higher 18.85% 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%
QQQ
- 1D
- 3.39%
- 1M
- -4.84%
- YTD
- -5.93%
- 6M
- -3.62%
- 1Y
- 23.68%
- 3Y*
- 22.32%
- 5Y*
- 12.88%
- 10Y*
- 18.85%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
DBP vs. QQQ - Expense Ratio Comparison
DBP has a 0.78% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
DBP vs. QQQ — Risk / Return Rank
DBP
QQQ
DBP vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Precious Metals Fund (DBP) and Invesco QQQ ETF (QQQ). 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 | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.76 | 1.05 | +0.71 |
Sortino ratioReturn per unit of downside risk | 2.08 | 1.63 | +0.45 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.23 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.33 | 1.88 | +0.46 |
Martin ratioReturn relative to average drawdown | 8.43 | 6.95 | +1.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| DBP | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 1.05 | +0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 0.58 | +0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.85 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.37 | +0.07 |
Correlation
The correlation between DBP and QQQ is 0.09, 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.
Dividends
DBP vs. QQQ - Dividend Comparison
DBP's dividend yield for the trailing twelve months is around 2.28%, more than QQQ's 0.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
QQQ Invesco QQQ ETF | 0.49% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
DBP vs. QQQ - Drawdown Comparison
The maximum DBP drawdown since its inception was -53.89%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for DBP and QQQ.
Loading graphics...
Drawdown Indicators
| DBP | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.89% | -82.97% | +29.08% |
Max Drawdown (1Y)Largest decline over 1 year | -25.48% | -12.62% | -12.86% |
Max Drawdown (5Y)Largest decline over 5 years | -25.48% | -35.12% | +9.64% |
Max Drawdown (10Y)Largest decline over 10 years | -28.36% | -35.12% | +6.76% |
Current DrawdownCurrent decline from peak | -19.34% | -8.98% | -10.36% |
Average DrawdownAverage peak-to-trough decline | -25.47% | -32.99% | +7.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.06% | 3.41% | +3.65% |
Volatility
DBP vs. QQQ - Volatility Comparison
Invesco DB Precious Metals Fund (DBP) has a higher volatility of 12.31% compared to Invesco QQQ ETF (QQQ) at 6.51%. This indicates that DBP's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| DBP | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.31% | 6.51% | +5.80% |
Volatility (6M)Calculated over the trailing 6-month period | 30.54% | 12.77% | +17.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.93% | 22.67% | +10.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.57% | 22.39% | -1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.57% | 22.25% | -3.68% |