DIA.AS vs. DBB
DIA.AS (SPDR Dow Jones Industrial Average ETF Trust) and DBB (Invesco DB Base Metals Fund) are both exchange-traded funds - DIA.AS is a Large Cap Value Equities fund tracking the Russell 1000 Value TR USD, while DBB is a Metals fund tracking the DBIQ Optimum Yield Industrial Metals Index Excess Return. Both are passively managed. Over the past 10 years, DIA.AS returned 13.10%/yr vs 9.22%/yr for DBB. At a 0.20 correlation, their price movements are largely independent. DIA.AS charges 0.16%/yr vs 0.80%/yr for DBB.
Performance
DIA.AS vs. DBB - Performance Comparison
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Different Trading Currencies
DIA.AS is traded in EUR, while DBB is traded in USD. To make them comparable, the DBB values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, DIA.AS achieves a 8.38% return, which is significantly lower than DBB's 15.60% return. Over the past 10 years, DIA.AS has outperformed DBB with an annualized return of 13.10%, while DBB has yielded a comparatively lower 9.22% annualized return.
DIA.AS
- 1D
- 1.10%
- 1M
- 5.49%
- YTD
- 8.38%
- 6M
- 8.86%
- 1Y
- 21.53%
- 3Y*
- 14.11%
- 5Y*
- 11.19%
- 10Y*
- 13.10%
DBB
- 1D
- -0.10%
- 1M
- 5.37%
- YTD
- 15.60%
- 6M
- 21.59%
- 1Y
- 41.54%
- 3Y*
- 16.05%
- 5Y*
- 9.23%
- 10Y*
- 9.22%
DIA.AS vs. DBB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DIA.AS SPDR Dow Jones Industrial Average ETF Trust | 8.38% | 2.13% | 22.48% | 11.53% | -1.09% | 31.76% | -0.04% | 26.82% | 0.96% | 12.57% |
DBB Invesco DB Base Metals Fund | 15.60% | 10.17% | 15.03% | -1.89% | -6.34% | 38.62% | 6.01% | 1.06% | -15.69% | 14.11% |
Correlation
The correlation between DIA.AS and DBB is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2008 | 0.20 |
The correlation between DIA.AS and DBB shifts across timeframes, from 0.02 (3 years) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DIA.AS vs. DBB — Risk / Return Rank
DIA.AS
DBB
DIA.AS vs. DBB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Dow Jones Industrial Average ETF Trust (DIA.AS) and Invesco DB Base Metals Fund (DBB). 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.
| DIA.AS | DBB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 2.19 | 1.41 | +0.78 |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | 4.44 | -0.72 |
| Martin ratioReturn relative to average drawdown | 13.16 | 17.25 | -4.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DIA.AS | DBB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | 2.37 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.48 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 0.51 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.11 | -0.01 |
Drawdowns
DIA.AS vs. DBB - Drawdown Comparison
The maximum DIA.AS drawdown since its inception was -59.02%, roughly equal to the maximum DBB drawdown of -56.36%. Use the drawdown chart below to compare losses from any high point for DIA.AS and DBB.
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Drawdown Indicators
| DIA.AS | DBB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.02% | -56.36% | -2.66% |
Max Drawdown (1Y)Largest decline over 1 year | -5.71% | -9.41% | +3.70% |
Max Drawdown (3Y)Largest decline over 3 years | -21.07% | -19.19% | -1.88% |
Max Drawdown (5Y)Largest decline over 5 years | -21.07% | -33.66% | +12.59% |
Max Drawdown (10Y)Largest decline over 10 years | -36.08% | -33.66% | -2.42% |
Current DrawdownCurrent decline from peak | 0.00% | -1.40% | +1.40% |
Average DrawdownAverage peak-to-trough decline | -11.92% | -22.61% | +10.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 2.42% | -0.80% |
Volatility
DIA.AS vs. DBB - Volatility Comparison
The current volatility for SPDR Dow Jones Industrial Average ETF Trust (DIA.AS) is 2.50%, while Invesco DB Base Metals Fund (DBB) has a volatility of 5.11%. This indicates that DIA.AS experiences smaller price fluctuations and is considered to be less risky than DBB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DIA.AS | DBB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 5.11% | -2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 7.95% | 14.87% | -6.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.11% | 17.62% | -8.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.49% | 19.44% | -5.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.04% | 17.97% | -0.93% |
DIA.AS vs. DBB - Expense Ratio Comparison
DIA.AS has a 0.16% expense ratio, which is lower than DBB's 0.80% expense ratio.
Dividends
DIA.AS vs. DBB - Dividend Comparison
DIA.AS's dividend yield for the trailing twelve months is around 1.35%, less than DBB's 2.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBB Invesco DB Base Metals Fund | 2.29% | 2.61% | 4.75% | 7.21% | 0.94% | 0.00% | 0.00% | 1.83% | 1.59% | 0.00% | 0.00% | 0.00% |
DIA.AS SPDR Dow Jones Industrial Average ETF Trust | 1.35% | 1.47% | 1.55% | 1.85% | 1.93% | 1.52% | 2.03% | 2.10% | 2.18% | 2.08% | 2.16% | 2.51% |
Frequently Asked Questions
DIA.AS and DBB have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DIA.AS is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DIA.AS is cheaper with a 0.16% expense ratio, compared with 0.80% for DBB.
DIA.AS is categorized as Large Cap Value Equities, while DBB is Metals. DIA.AS tracks Russell 1000 Value TR USD, while DBB tracks DBIQ Optimum Yield Industrial Metals Index Excess Return. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.16% for DIA.AS and 0.80% for DBB.
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