DBP vs. VGPMX
Compare and contrast key facts about Invesco DB Precious Metals Fund (DBP) and Vanguard Global Capital Cycles Fund (VGPMX).
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. VGPMX is managed by Vanguard. It was launched on May 23, 1984.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DBP or VGPMX.
Key characteristics
| DBP | VGPMX | |
|---|---|---|
| YTD Return | 26.83% | 11.52% |
| 1Y Return | 34.53% | 20.57% |
| 3Y Return (Ann) | 9.48% | 9.72% |
| 5Y Return (Ann) | 10.68% | 14.35% |
| 10Y Return (Ann) | 6.30% | 6.16% |
| Sharpe Ratio | 1.94 | 1.45 |
| Sortino Ratio | 2.63 | 1.99 |
| Omega Ratio | 1.34 | 1.25 |
| Calmar Ratio | 1.23 | 0.43 |
| Martin Ratio | 11.02 | 7.25 |
| Ulcer Index | 3.00% | 2.95% |
| Daily Std Dev | 17.01% | 14.76% |
| Max Drawdown | -53.89% | -79.32% |
| Current Drawdown | -6.63% | -38.71% |
Correlation
The correlation between DBP and VGPMX is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
DBP vs. VGPMX - Performance Comparison
In the year-to-date period, DBP achieves a 26.83% return, which is significantly higher than VGPMX's 11.52% return. Both investments have delivered pretty close results over the past 10 years, with DBP having a 6.30% annualized return and VGPMX not far behind at 6.16%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DBP vs. VGPMX - Expense Ratio Comparison
DBP has a 0.78% expense ratio, which is higher than VGPMX's 0.36% expense ratio.
Risk-Adjusted Performance
DBP vs. VGPMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Precious Metals Fund (DBP) and Vanguard Global Capital Cycles Fund (VGPMX). 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.
Dividends
DBP vs. VGPMX - Dividend Comparison
DBP's dividend yield for the trailing twelve months is around 3.53%, more than VGPMX's 3.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBP Invesco DB Precious Metals Fund | 3.53% | 4.47% | 0.45% | 0.00% | 0.00% | 1.26% | 1.24% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% |
VGPMX Vanguard Global Capital Cycles Fund | 3.06% | 3.22% | 3.27% | 3.26% | 2.03% | 2.39% | 3.01% | 0.02% | 1.71% | 2.33% | 0.00% | 0.08% |
Drawdowns
DBP vs. VGPMX - Drawdown Comparison
The maximum DBP drawdown since its inception was -53.89%, smaller than the maximum VGPMX drawdown of -79.32%. Use the drawdown chart below to compare losses from any high point for DBP and VGPMX. For additional features, visit the drawdowns tool.
Volatility
DBP vs. VGPMX - Volatility Comparison
Invesco DB Precious Metals Fund (DBP) has a higher volatility of 6.12% compared to Vanguard Global Capital Cycles Fund (VGPMX) at 4.36%. This indicates that DBP's price experiences larger fluctuations and is considered to be riskier than VGPMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.