DBP vs. VOO
Compare and contrast key facts about Invesco DB Precious Metals Fund (DBP) and Vanguard S&P 500 ETF (VOO).
DBP and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both DBP and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DBP or VOO.
Key characteristics
| DBP | VOO | |
|---|---|---|
| YTD Return | 26.15% | 26.88% |
| 1Y Return | 32.98% | 37.59% |
| 3Y Return (Ann) | 9.27% | 10.23% |
| 5Y Return (Ann) | 10.48% | 15.93% |
| 10Y Return (Ann) | 6.24% | 13.41% |
| Sharpe Ratio | 1.99 | 3.06 |
| Sortino Ratio | 2.69 | 4.08 |
| Omega Ratio | 1.35 | 1.58 |
| Calmar Ratio | 1.28 | 4.43 |
| Martin Ratio | 11.16 | 20.25 |
| Ulcer Index | 3.03% | 1.85% |
| Daily Std Dev | 16.99% | 12.23% |
| Max Drawdown | -53.89% | -33.99% |
| Current Drawdown | -7.13% | -0.30% |
Correlation
The correlation between DBP and VOO is 0.08, 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.
Performance
DBP vs. VOO - Performance Comparison
The year-to-date returns for both investments are quite close, with DBP having a 26.15% return and VOO slightly higher at 26.88%. Over the past 10 years, DBP has underperformed VOO with an annualized return of 6.24%, while VOO has yielded a comparatively higher 13.41% annualized return. 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. VOO - Expense Ratio Comparison
DBP has a 0.78% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
DBP vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Precious Metals Fund (DBP) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
DBP's dividend yield for the trailing twelve months is around 3.55%, more than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBP Invesco DB Precious Metals Fund | 3.55% | 4.47% | 0.45% | 0.00% | 0.00% | 1.26% | 1.24% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
DBP vs. VOO - Drawdown Comparison
The maximum DBP drawdown since its inception was -53.89%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for DBP and VOO. For additional features, visit the drawdowns tool.
Volatility
DBP vs. VOO - Volatility Comparison
Invesco DB Precious Metals Fund (DBP) has a higher volatility of 6.13% compared to Vanguard S&P 500 ETF (VOO) at 3.89%. This indicates that DBP's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.