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.
Performance
VGPMX vs. DBP - Performance Comparison
Returns By Period
In the year-to-date period, VGPMX achieves a 11.36% return, which is significantly lower than DBP's 28.85% return. Over the past 10 years, VGPMX has underperformed DBP with an annualized return of 5.75%, while DBP has yielded a comparatively higher 6.41% annualized return.
VGPMX
11.36%
-3.13%
2.02%
15.74%
14.33%
5.75%
DBP
28.85%
-4.67%
11.08%
32.05%
11.03%
6.41%
Key characteristics
| VGPMX | DBP | |
|---|---|---|
| Sharpe Ratio | 1.07 | 1.84 |
| Sortino Ratio | 1.50 | 2.52 |
| Omega Ratio | 1.19 | 1.32 |
| Calmar Ratio | 0.33 | 1.23 |
| Martin Ratio | 5.08 | 9.69 |
| Ulcer Index | 3.10% | 3.25% |
| Daily Std Dev | 14.73% | 17.07% |
| Max Drawdown | -79.32% | -53.89% |
| Current Drawdown | -38.80% | -5.14% |
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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.
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.
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 3.07%, less than DBP's 3.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGPMX Vanguard Global Capital Cycles Fund | 3.07% | 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 | 3.47% | 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 4.74%, while Invesco DB Precious Metals Fund (DBP) has a volatility of 5.79%. 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.