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DBP vs. VGPMX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between DBP and VGPMX is 0.11, 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.


-0.50.00.51.0
Correlation: 0.1

Performance

DBP vs. VGPMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DB Precious Metals Fund (DBP) and Vanguard Global Capital Cycles Fund (VGPMX). The values are adjusted to include any dividend payments, if applicable.

-50.00%0.00%50.00%100.00%150.00%200.00%250.00%300.00%NovemberDecember2025FebruaryMarchApril
260.73%
-19.24%
DBP
VGPMX

Key characteristics

Sharpe Ratio

DBP:

2.01

VGPMX:

0.74

Sortino Ratio

DBP:

2.71

VGPMX:

1.10

Omega Ratio

DBP:

1.34

VGPMX:

1.15

Calmar Ratio

DBP:

2.78

VGPMX:

0.26

Martin Ratio

DBP:

10.85

VGPMX:

3.32

Ulcer Index

DBP:

3.48%

VGPMX:

4.29%

Daily Std Dev

DBP:

18.82%

VGPMX:

19.35%

Max Drawdown

DBP:

-53.89%

VGPMX:

-83.63%

Current Drawdown

DBP:

-1.55%

VGPMX:

-48.53%

Returns By Period

In the year-to-date period, DBP achieves a 23.27% return, which is significantly higher than VGPMX's 11.78% return. Over the past 10 years, DBP has outperformed VGPMX with an annualized return of 8.51%, while VGPMX has yielded a comparatively lower 6.43% annualized return.


DBP

YTD

23.27%

1M

8.01%

6M

16.82%

1Y

38.09%

5Y*

12.95%

10Y*

8.51%

VGPMX

YTD

11.78%

1M

-1.41%

6M

3.45%

1Y

12.81%

5Y*

18.67%

10Y*

6.43%

*Annualized

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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.


Expense ratio chart for DBP: current value is 0.78%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
DBP: 0.78%
Expense ratio chart for VGPMX: current value is 0.36%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VGPMX: 0.36%

Risk-Adjusted Performance

DBP vs. VGPMX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DBP
The Risk-Adjusted Performance Rank of DBP is 9494
Overall Rank
The Sharpe Ratio Rank of DBP is 9595
Sharpe Ratio Rank
The Sortino Ratio Rank of DBP is 9494
Sortino Ratio Rank
The Omega Ratio Rank of DBP is 9292
Omega Ratio Rank
The Calmar Ratio Rank of DBP is 9595
Calmar Ratio Rank
The Martin Ratio Rank of DBP is 9494
Martin Ratio Rank

VGPMX
The Risk-Adjusted Performance Rank of VGPMX is 6666
Overall Rank
The Sharpe Ratio Rank of VGPMX is 6969
Sharpe Ratio Rank
The Sortino Ratio Rank of VGPMX is 6969
Sortino Ratio Rank
The Omega Ratio Rank of VGPMX is 7070
Omega Ratio Rank
The Calmar Ratio Rank of VGPMX is 4646
Calmar Ratio Rank
The Martin Ratio Rank of VGPMX is 7676
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for DBP, currently valued at 2.01, compared to the broader market-1.000.001.002.003.004.00
DBP: 2.01
VGPMX: 0.74
The chart of Sortino ratio for DBP, currently valued at 2.71, compared to the broader market-2.000.002.004.006.008.00
DBP: 2.71
VGPMX: 1.10
The chart of Omega ratio for DBP, currently valued at 1.34, compared to the broader market0.501.001.502.00
DBP: 1.34
VGPMX: 1.15
The chart of Calmar ratio for DBP, currently valued at 2.78, compared to the broader market0.002.004.006.008.0010.0012.00
DBP: 2.78
VGPMX: 0.26
The chart of Martin ratio for DBP, currently valued at 10.85, compared to the broader market0.0020.0040.0060.00
DBP: 10.85
VGPMX: 3.32

The current DBP Sharpe Ratio is 2.01, which is higher than the VGPMX Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of DBP and VGPMX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50NovemberDecember2025FebruaryMarchApril
2.01
0.74
DBP
VGPMX

Dividends

DBP vs. VGPMX - Dividend Comparison

DBP's dividend yield for the trailing twelve months is around 3.42%, more than VGPMX's 2.25% yield.


TTM2024202320222021202020192018201720162015
DBP
Invesco DB Precious Metals Fund
3.42%4.22%4.47%0.45%0.00%0.00%1.26%1.24%0.12%0.00%0.00%
VGPMX
Vanguard Global Capital Cycles Fund
2.25%2.68%3.22%3.27%3.26%2.03%2.39%3.01%0.02%1.71%2.33%

Drawdowns

DBP vs. VGPMX - Drawdown Comparison

The maximum DBP drawdown since its inception was -53.89%, smaller than the maximum VGPMX drawdown of -83.63%. Use the drawdown chart below to compare losses from any high point for DBP and VGPMX. For additional features, visit the drawdowns tool.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-1.55%
-48.53%
DBP
VGPMX

Volatility

DBP vs. VGPMX - Volatility Comparison

The current volatility for Invesco DB Precious Metals Fund (DBP) is 8.38%, while Vanguard Global Capital Cycles Fund (VGPMX) has a volatility of 12.50%. This indicates that DBP experiences smaller price fluctuations and is considered to be less risky than VGPMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%NovemberDecember2025FebruaryMarchApril
8.38%
12.50%
DBP
VGPMX