MFIC vs. DBP
Compare and contrast key facts about MidCap Financial Investment Corporation (MFIC) and Invesco DB Precious Metals Fund (DBP).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MFIC or DBP.
Key characteristics
| MFIC | DBP | |
|---|---|---|
| YTD Return | 7.83% | 29.87% |
| 1Y Return | 16.17% | 36.20% |
| 3Y Return (Ann) | 13.29% | 11.19% |
| 5Y Return (Ann) | 8.78% | 11.28% |
| 10Y Return (Ann) | 5.87% | 6.82% |
| Sharpe Ratio | 0.96 | 2.17 |
| Sortino Ratio | 1.30 | 2.91 |
| Omega Ratio | 1.20 | 1.38 |
| Calmar Ratio | 1.03 | 1.36 |
| Martin Ratio | 2.50 | 12.30 |
| Ulcer Index | 6.83% | 2.97% |
| Daily Std Dev | 17.76% | 16.85% |
| Max Drawdown | -87.97% | -53.89% |
| Current Drawdown | -11.41% | -4.39% |
Correlation
The correlation between MFIC and DBP is 0.09, 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
MFIC vs. DBP - Performance Comparison
In the year-to-date period, MFIC achieves a 7.83% return, which is significantly lower than DBP's 29.87% return. Over the past 10 years, MFIC has underperformed DBP with an annualized return of 5.87%, while DBP has yielded a comparatively higher 6.82% 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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Risk-Adjusted Performance
MFIC vs. DBP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MidCap Financial Investment Corporation (MFIC) and Invesco DB Precious Metals Fund (DBP). 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
MFIC vs. DBP - Dividend Comparison
MFIC's dividend yield for the trailing twelve months is around 12.79%, more than DBP's 3.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFIC MidCap Financial Investment Corporation | 12.79% | 11.11% | 12.37% | 11.26% | 15.24% | 10.31% | 14.52% | 10.60% | 11.95% | 15.33% | 10.78% | 9.43% |
DBP Invesco DB Precious Metals Fund | 3.44% | 4.47% | 0.45% | 0.00% | 0.00% | 1.26% | 1.24% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MFIC vs. DBP - Drawdown Comparison
The maximum MFIC drawdown since its inception was -87.97%, which is greater than DBP's maximum drawdown of -53.89%. Use the drawdown chart below to compare losses from any high point for MFIC and DBP. For additional features, visit the drawdowns tool.
Volatility
MFIC vs. DBP - Volatility Comparison
The current volatility for MidCap Financial Investment Corporation (MFIC) is 4.21%, while Invesco DB Precious Metals Fund (DBP) has a volatility of 5.69%. This indicates that MFIC experiences smaller price fluctuations and is considered to be less risky than DBP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.