PICK vs. DBB
Compare and contrast key facts about iShares MSCI Global Select Metals & Mining Producers ETF (PICK) and Invesco DB Base Metals Fund (DBB).
PICK and DBB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PICK is a passively managed fund by iShares that tracks the performance of the MSCI ACWI Select Metals & Mining Producers Ex Gold & Silver Investable Market Index. It was launched on Jan 31, 2012. DBB is a passively managed fund by Invesco that tracks the performance of the DBIQ Optimum Yield Industrial Metals Index Excess Return. It was launched on Jan 5, 2007. Both PICK and DBB 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: PICK or DBB.
Performance
PICK vs. DBB - Performance Comparison
Returns By Period
In the year-to-date period, PICK achieves a -7.67% return, which is significantly lower than DBB's 9.45% return. Over the past 10 years, PICK has outperformed DBB with an annualized return of 5.96%, while DBB has yielded a comparatively lower 2.73% annualized return.
PICK
-7.67%
-4.31%
-10.49%
-0.47%
11.91%
5.96%
DBB
9.45%
-2.44%
-5.03%
14.17%
8.30%
2.73%
Key characteristics
| PICK | DBB | |
|---|---|---|
| Sharpe Ratio | 0.01 | 0.76 |
| Sortino Ratio | 0.17 | 1.20 |
| Omega Ratio | 1.02 | 1.14 |
| Calmar Ratio | 0.01 | 0.43 |
| Martin Ratio | 0.03 | 2.11 |
| Ulcer Index | 9.42% | 6.61% |
| Daily Std Dev | 22.28% | 18.38% |
| Max Drawdown | -68.88% | -60.20% |
| Current Drawdown | -16.05% | -19.41% |
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PICK vs. DBB - Expense Ratio Comparison
PICK has a 0.39% expense ratio, which is lower than DBB's 0.80% expense ratio.
Correlation
The correlation between PICK and DBB is 0.55, 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.
Risk-Adjusted Performance
PICK vs. DBB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Select Metals & Mining Producers ETF (PICK) 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.
Dividends
PICK vs. DBB - Dividend Comparison
PICK's dividend yield for the trailing twelve months is around 3.88%, less than DBB's 6.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PICK iShares MSCI Global Select Metals & Mining Producers ETF | 3.88% | 4.19% | 6.93% | 5.89% | 2.27% | 5.51% | 4.77% | 2.41% | 1.15% | 15.77% | 2.88% | 3.39% |
DBB Invesco DB Base Metals Fund | 6.59% | 7.21% | 0.95% | 0.00% | 0.00% | 1.83% | 1.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PICK vs. DBB - Drawdown Comparison
The maximum PICK drawdown since its inception was -68.88%, which is greater than DBB's maximum drawdown of -60.20%. Use the drawdown chart below to compare losses from any high point for PICK and DBB. For additional features, visit the drawdowns tool.
Volatility
PICK vs. DBB - Volatility Comparison
iShares MSCI Global Select Metals & Mining Producers ETF (PICK) has a higher volatility of 7.61% compared to Invesco DB Base Metals Fund (DBB) at 6.92%. This indicates that PICK's price experiences larger fluctuations and is considered to be riskier than DBB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.