VGPMX vs. DBP
Compare and contrast key facts about Vanguard Global Capital Cycles Fund (VGPMX) and Invesco DB Precious Metals Fund (DBP).
VGPMX is managed by Vanguard. It was launched on May 23, 1984. 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: VGPMX or DBP.
Key characteristics
| VGPMX | DBP | |
|---|---|---|
| YTD Return | 12.91% | 29.87% |
| 1Y Return | 22.91% | 36.20% |
| 3Y Return (Ann) | 10.73% | 11.19% |
| 5Y Return (Ann) | 14.30% | 11.28% |
| 10Y Return (Ann) | 6.54% | 6.82% |
| Sharpe Ratio | 1.52 | 2.17 |
| Sortino Ratio | 2.08 | 2.91 |
| Omega Ratio | 1.26 | 1.38 |
| Calmar Ratio | 0.45 | 1.36 |
| Martin Ratio | 7.60 | 12.30 |
| Ulcer Index | 2.94% | 2.97% |
| Daily Std Dev | 14.69% | 16.85% |
| Max Drawdown | -79.32% | -53.89% |
| Current Drawdown | -37.95% | -4.39% |
Correlation
The correlation between VGPMX and DBP is 0.53, 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.
Performance
VGPMX vs. DBP - Performance Comparison
In the year-to-date period, VGPMX achieves a 12.91% return, which is significantly lower than DBP's 29.87% return. Both investments have delivered pretty close results over the past 10 years, with VGPMX having a 6.54% annualized return and DBP not far ahead at 6.82%. 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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VGPMX vs. DBP - Expense Ratio Comparison
VGPMX has a 0.36% expense ratio, which is lower than DBP's 0.78% expense ratio.
Risk-Adjusted Performance
VGPMX vs. DBP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Capital Cycles Fund (VGPMX) 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
VGPMX vs. DBP - Dividend Comparison
VGPMX's dividend yield for the trailing twelve months is around 3.03%, less than DBP's 3.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGPMX Vanguard Global Capital Cycles Fund | 3.03% | 3.22% | 3.27% | 3.26% | 2.03% | 2.39% | 3.01% | 0.02% | 1.71% | 2.33% | 0.00% | 0.08% |
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
VGPMX vs. DBP - Drawdown Comparison
The maximum VGPMX drawdown since its inception was -79.32%, which is greater than DBP's maximum drawdown of -53.89%. Use the drawdown chart below to compare losses from any high point for VGPMX and DBP. For additional features, visit the drawdowns tool.
Volatility
VGPMX vs. DBP - Volatility Comparison
The current volatility for Vanguard Global Capital Cycles Fund (VGPMX) is 4.28%, while Invesco DB Precious Metals Fund (DBP) has a volatility of 5.69%. This indicates that VGPMX 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.