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DBP vs. SCHH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DBP vs. SCHH

Last updated Jun 13, 2026

DBP (Invesco DB Precious Metals Fund) and SCHH (Schwab US REIT ETF) are both exchange-traded funds - DBP is a Precious Metals fund tracking the DBIQ Optimum Yield Precious Metals Index Excess Return, while SCHH is a REIT fund tracking the Dow Jones Equity All REIT Capped Index. Both are passively managed. Over the past 10 years, DBP returned 11.21%/yr vs 4.51%/yr for SCHH. At a 0.13 correlation, their price movements are largely independent. DBP charges 0.78%/yr vs 0.07%/yr for SCHH.

Performance

DBP vs. SCHH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DB Precious Metals Fund (DBP) and Schwab US REIT ETF (SCHH). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DBP achieves a -3.82% return, which is significantly lower than SCHH's 16.33% return. Over the past 10 years, DBP has outperformed SCHH with an annualized return of 11.21%, while SCHH has yielded a comparatively lower 4.51% annualized return.

DBP

1D
0.09%
1M
-11.93%
YTD
-3.82%
6M
-0.66%
1Y
30.66%
3Y*
29.99%
5Y*
16.18%
10Y*
11.21%

SCHH

1D
1.00%
1M
3.60%
YTD
16.33%
6M
16.33%
1Y
17.06%
3Y*
11.02%
5Y*
3.40%
10Y*
4.51%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DBP vs. SCHH - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DBP
Invesco DB Precious Metals Fund		-3.82%73.43%26.71%8.68%-1.51%-7.10%26.79%15.89%-4.31%10.58%
SCHH
Schwab US REIT ETF		16.33%2.20%4.99%11.18%-24.99%41.07%-14.81%22.85%-4.26%3.68%

Correlation

The correlation between DBP and SCHH is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.17

Correlation (3Y)
Calculated over the trailing 3-year period

0.17

Correlation (5Y)
Calculated over the trailing 5-year period

0.18

Correlation (10Y)
Calculated over the trailing 10-year period

0.14

Correlation (All Time)
Calculated using the full available price history since Jan 13, 2011

0.13

DBP vs. SCHH - Sectors Allocation Comparison

Sectors
DBP
SCHH

Financial Services

99.1%
0.2%

Basic Materials

-

1.3%

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

98.5%

Technology

-

-

Utilities

-

-

Financial Services

DBP
99.1%
SCHH
0.2%

Basic Materials

DBP

-

SCHH
1.3%

Communication Services

DBP

-

SCHH

-

Consumer Cyclical

DBP

-

SCHH

-

Consumer Defensive

DBP

-

SCHH

-

Energy

DBP

-

SCHH

-

Healthcare

DBP

-

SCHH

-

Industrials

DBP

-

SCHH

-

Real Estate

DBP

-

SCHH
98.5%

Technology

DBP

-

SCHH

-

Utilities

DBP

-

SCHH

-

Compare stocks, funds, or ETFs

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Invesco DB Precious Metals Fund

Schwab US REIT ETF

Often compared with DBP:
DBP vs. GLDDBP vs. RINGDBP vs. DBCDBP vs. VGPMXDBP vs. IAUMDBP vs. IAUDBP vs. QQQ
Often compared with SCHH:
SCHH vs. VNQSCHH vs. SCHDSCHH vs. XLRESCHH vs. FRELSCHH vs. FSRNXSCHH vs. VNQISCHH vs. REET

Return for Risk

DBP vs. SCHH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DBP
DBP Risk / Return Rank: 2828
Overall Rank
DBP Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
DBP Sortino Ratio Rank: 2626
Sortino Ratio Rank
DBP Omega Ratio Rank: 3434
Omega Ratio Rank
DBP Calmar Ratio Rank: 2525
Calmar Ratio Rank
DBP Martin Ratio Rank: 2424
Martin Ratio Rank
SCHH
SCHH Risk / Return Rank: 3939
Overall Rank
SCHH Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
SCHH Sortino Ratio Rank: 3636
Sortino Ratio Rank
SCHH Omega Ratio Rank: 3636
Omega Ratio Rank
SCHH Calmar Ratio Rank: 4444
Calmar Ratio Rank
SCHH Martin Ratio Rank: 4343
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DBP vs. SCHH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DB Precious Metals Fund (DBP) and Schwab US REIT ETF (SCHH). 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.

DBPSCHHDifference
Sharpe ratioReturn per unit of total volatility
0.96
1.18

-0.22

Sortino ratioReturn per unit of downside risk
1.31
1.68

-0.37

Omega ratioGain probability vs. loss probability

1.20

1.21

-0.01

Calmar ratioReturn relative to maximum drawdown

1.07

1.94

-0.87

Martin ratioReturn relative to average drawdown

2.77

6.10

-3.32

DBP vs. SCHH - Sharpe Ratio Comparison

The current DBP Sharpe Ratio is 0.96, which is comparable to the SCHH Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of DBP and SCHH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

DBP vs. SCHH - Drawdown Comparison

The maximum DBP drawdown since its inception was -53.89%, which is greater than SCHH's maximum drawdown of -44.22%. Use the drawdown chart below to compare losses from any high point for DBP and SCHH.

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Drawdown Indicators

DBPSCHHDifference

Max Drawdown

Largest peak-to-trough decline

-53.89%

-44.22%

-9.67%

Max Drawdown (1Y)

Largest decline over 1 year

-30.03%

-8.28%

-21.75%

Max Drawdown (3Y)

Largest decline over 3 years

-30.03%

-17.76%

-12.27%

Max Drawdown (5Y)

Largest decline over 5 years

-30.03%

-33.28%

+3.25%

Max Drawdown (10Y)

Largest decline over 10 years

-30.03%

-44.22%

+14.19%

Current Drawdown

Current decline from peak

-27.52%

0.00%

-27.52%

Average Drawdown

Average peak-to-trough decline

-25.42%

-9.43%

-15.99%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.56%

2.63%

+8.93%

Volatility

DBP vs. SCHH - Volatility Comparison

Invesco DB Precious Metals Fund (DBP) has a higher volatility of 9.06% compared to Schwab US REIT ETF (SCHH) at 4.83%. This indicates that DBP's price experiences larger fluctuations and is considered to be riskier than SCHH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DBPSCHHDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.06%

4.83%

+4.23%

Volatility (6M)

Calculated over the trailing 6-month period

30.70%

9.98%

+20.72%

Volatility (1Y)

Calculated over the trailing 1-year period

33.35%

13.56%

+19.79%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.14%

18.74%

+2.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.84%

20.99%

-2.15%

DBP vs. SCHH - Expense Ratio Comparison

DBP has a 0.78% expense ratio, which is higher than SCHH's 0.07% expense ratio.

Dividends

DBP vs. SCHH - Dividend Comparison

DBP's dividend yield for the trailing twelve months is around 2.53%, less than SCHH's 2.69% yield.

PositionTTM20252024202320222021202020192018201720162015
DBP
Invesco DB Precious Metals Fund		2.53%2.44%4.21%4.47%0.45%0.00%0.00%1.26%1.24%0.12%0.00%0.00%
SCHH
Schwab US REIT ETF		2.69%3.04%3.22%3.24%2.55%1.50%2.86%2.86%3.64%2.22%2.81%2.48%

Frequently Asked Questions

DBP and SCHH have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DBP has higher volatility (9.06%) compared to SCHH (4.83%). In terms of maximum drawdown, DBP dropped -53.89% vs SCHH's -44.22%.

On 10-year performance, DBP leads with 11.21% vs 4.51% for SCHH. On fees, SCHH is cheaper at 0.07% per year. On volatility, SCHH has been the lower-risk option at 4.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, DBP has performed better with a 11.21% return vs 4.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SCHH is cheaper with a 0.07% expense ratio, compared with 0.78% for DBP.

SCHH has the higher dividend yield at 2.69%, compared with 2.53% for DBP.

DBP is categorized as Precious Metals, while SCHH is REIT. DBP tracks DBIQ Optimum Yield Precious Metals Index Excess Return, while SCHH tracks Dow Jones Equity All REIT Capped Index. They also come from different issuers: Invesco and Charles Schwab. Their fees differ too: 0.78% for DBP and 0.07% for SCHH.

SCHH currently has the higher Sharpe Ratio (1.18 vs 0.96), 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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