DBB — Invesco DB Base Metals Fund
Commodities Ranked #214 of 458 tracked ETFs · Issued by Invesco
DBB Price Performance — Growth of $10,000
Value of a $10,000 investment in DBB over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.
DBB Drawdown
The "underwater" chart: DBB's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.
What If You'd Invested in DBB?
See what a lump sum in DBB would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
The Invesco DB Base Metals Fund (DBB) operates within the Commodities category, where ETFValuer tracks a total of 22 funds. Issued by Invesco, this fund holds an overall rank of #207 out of 458 tracked ETFs across all categories and carries an ETFValuer grade of C with a score of 62.3 out of 100. The fund manages $355 million in assets with a current share price of $24.69, while its expense ratio stands at 0.75%. Investors receive a dividend yield of 2.43%, providing a specific income profile relative to its cost structure. The asset size of $355 million suggests a moderate level of investor adoption compared to larger peers in the broader market. This combination of a mid-tier rank and moderate asset base positions the fund as a specialized vehicle within the commodity sector.
Recent performance data shows a 1-day return of -0.04% followed by a 1-week gain of +0.65%. Over the past month, the fund posted a return of +3.78%, though the 3-month period saw a decline of -1.91%. Year-to-date returns have reached +7.30%, while the 6-month return stands at +3.44%. The 1-year return is recorded at +28.03%, and the 3-year return totals +48.53%. This pattern indicates a divergence where short-term fluctuations have occurred alongside significant long-term appreciation. The fund has demonstrated a general upward trajectory over the 1-year and 3-year horizons despite the temporary dip in the 3-month window.
The fund carries a Moderate volatility label and a beta of 0.49, indicating lower sensitivity to broad market movements. A Sharpe ratio of 1.23 suggests the fund has generated a favorable return relative to the amount of risk taken during the measured period. However, the maximum drawdown of -16.59% highlights the potential for significant temporary losses during market downturns. This combination of a low beta and moderate volatility implies the fund may experience less severe swings than the broader market, yet the drawdown figure confirms that downside protection is not absolute. The risk profile reflects a balance between the fund's commodity exposure and its historical ability to manage downside events relative to its returns.
AI-generated summary based on the data on this page.
Market Backdrop
10-Year Treasury Yield: 4.71% (as of 2026-07-23) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.
CBOE Volatility Index (VIX): 18.70 (as of 2026-07-23) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.
Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
What DBB's Fees Cost You
DBB charges an expense ratio of 0.75% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
DBB Dividend Income Estimator
DBB currently yields 2.43%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
DBB Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is 2.59% and average daily volume is 370K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $355M provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.
Domicile & tax treatment: DBB is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.
DBB Performance History
| Period | Return |
|---|---|
| 1-Day | -0.92% |
| 1-Week | +0.49% |
| 1-Month | +0.94% |
| 3-Month | -2.49% |
| 6-Month | +4.00% |
| YTD | +7.34% |
| 1-Year | +27.89% |
| 3-Year | +52.31% |
How DBB Compares to Other Commodities ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #63 | B |
BCI | abrdn Bloomberg All Commodity Strategy K-1 Free ETF | +34.19% | 0.26% | $2.28B |
| #95 | B |
PDBC | Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | +40.01% | 0.59% | $5.33B |
| #137 | B |
DJP | iPath Bloomberg Commodity Index Total Return(SM) ETN | +38.95% | 0.7% | $850M |
| #150 | B |
DBC | Invesco DB Commodity Index Tracking Fund | +39.62% | 0.85% | $1.58B |
| #158 | B |
GSG | iShares S&P GSCI Commodity-Indexed Trust | +46.57% | 0.75% | $839M |
| #162 | B |
COMT | iShares GSCI Commodity Dynamic Roll Strategy ETF | +35.46% | 0.48% | $1.11B |
| #185 | C |
USO | United States Oil Fund, LP | +85.12% | 0.86% | $1.88B |
| #214 | C |
DBB | Invesco DB Base Metals Fund | +27.89% | 0.75% | $355M |
| #219 | C |
SLV | iShares Silver Trust | +45.74% | 0.5% | $28.2B |
| #225 | C |
GLDM | SPDR Gold MiniShares | +17.88% | 0.1% | $27.3B |
| #237 | C |
IAU | iShares Gold Trust | +17.70% | 0.25% | $60.1B |
| #255 | C |
GLD | SPDR Gold Shares | +17.53% | 0.4% | $130B |
| #258 | C |
IAUM | iShares Gold Trust Micro | +17.91% | 0.09% | $6.31B |
| #272 | C |
SGOL | abrdn Physical Gold Shares ETF | +17.81% | 0.17% | $6.74B |
| #319 | C |
BAR | GraniteShares Gold Trust | +17.81% | 0.1749% | $1.33B |
| #322 | C |
OUNZ | VanEck Merk Gold Trust | +17.69% | 0.25% | $2.50B |
| #326 | C |
DBA | Invesco DB Agriculture Fund | +12.66% | 0.85% | $1.15B |
| #411 | D |
PPLT | abrdn Physical Platinum Shares ETF | +10.31% | 0.6% | $1.77B |
| #422 | D |
CPER | United States Copper Index Fund, LP | +7.72% | 0.88% | $738M |
| #447 | F |
WEAT | Teucrium Wheat Fund | +13.41% | 1% | $269M |
| #453 | F |
PALL | abrdn Physical Palladium Shares ETF | -2.61% | 0.6% | $591M |
| #457 | F |
UNG | United States Natural Gas Fund, LP | -26.68% | 1.17% | $419M |