DBB — Invesco DB Base Metals Fund
Commodities Ranked #169 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 is a commodity-focused ETF issued by Invesco, managing $364 million in assets. It holds a C grade with a score of 65.6 out of 100, ranking 7th among 22 peers in the Commodities category and 169th of 458 tracked ETFs overall. The fund charges an expense ratio of 0.75%, which exceeds the category median of 0.595%. Despite the higher cost, it offers a dividend yield of 2.30%, significantly outperforming the category median of 0.00%. Holdings breakdown data is not available for this fund.
The fund has delivered a 1-year return of 35.57%, surpassing the category median of 30.36%. Short-term momentum is evident with gains of 3.42% over both one week and three months. Year-to-date performance stands at 14.25%, while the three-year return reaches 62.46%. The current price of $26.29 sits at 93.8% of its 52-week range, indicating it is near the top of its recent trading band. The ETFValuer grade has remained unchanged at C over the last 35 tracked days, based on 3.0 years of price history.
With a beta of 0.42, the fund exhibits lower sensitivity to market movements compared to the broader market. Annualized volatility is recorded at 18.87%, which is classified as moderate. The Sharpe ratio of 1.62 suggests favorable risk-adjusted returns relative to the risk taken. Maximum drawdown has been limited to -16.59%, reflecting controlled downside during recent periods. Liquidity is characterized by an average daily volume of 231,269 shares and a bid-ask spread of 1.22%.
AI-generated summary based on the data on this page.
Market Backdrop
10-Year Treasury Yield: 4.80% (as of 2026-09-08) — 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): 15.72 (as of 2026-09-08) — 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 2026-08-01) — 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 2.30%. 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 1.22% and average daily volume is 231K/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 $364M 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 | +0.88% |
| 1-Week | +3.42% |
| 1-Month | +2.42% |
| 3-Month | +3.42% |
| 6-Month | +7.79% |
| YTD | +14.25% |
| 1-Year | +35.57% |
| 3-Year | +62.46% |
How DBB Compares to Other Commodities ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #39 | B |
BCI | abrdn Bloomberg All Commodity Strategy K-1 Free ETF | +45.15% | 0.26% | $3.37B |
| #75 | B |
PDBC | Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | +54.02% | 0.59% | $7.29B |
| #111 | B |
DJP | iPath Bloomberg Commodity Index Total Return(SM) ETN | +51.74% | 0.7% | $1.01B |
| #122 | B |
COMT | iShares GSCI Commodity Dynamic Roll Strategy ETF | +50.65% | 0.48% | $1.29B |
| #137 | B |
DBC | Invesco DB Commodity Index Tracking Fund | +53.09% | 0.85% | $1.80B |
| #156 | C |
GSG | iShares S&P GSCI Commodity-Indexed Trust | +58.04% | 0.75% | $1.01B |
| #169 | C |
DBB | Invesco DB Base Metals Fund | +35.57% | 0.75% | $364M |
| #172 | C |
SLV | iShares Silver Trust | +61.88% | 0.5% | $34.7B |
| #183 | B |
GLDM | SPDR Gold MiniShares | +20.86% | 0.1% | $32.8B |
| #194 | C |
USO | United States Oil Fund, LP | +105.33% | 0.86% | $1.90B |
| #201 | C |
IAU | iShares Gold Trust | +20.64% | 0.25% | $67.5B |
| #211 | C |
IAUM | iShares Gold Trust Micro | +20.90% | 0.09% | $8.14B |
| #212 | C |
GLD | SPDR Gold Shares | +20.47% | 0.4% | $153B |
| #221 | C |
CPER | United States Copper Index Fund, LP | +46.45% | 0.88% | $750M |
| #224 | C |
SGOL | abrdn Physical Gold Shares ETF | +20.76% | 0.17% | $7.75B |
| #248 | C |
OUNZ | VanEck Merk Gold Trust | +20.73% | 0.25% | $2.85B |
| #256 | C |
BAR | GraniteShares Gold Trust | +20.66% | 0.1749% | $1.46B |
| #308 | C |
PPLT | abrdn Physical Platinum Shares ETF | +35.94% | 0.6% | $2.30B |
| #355 | C |
DBA | Invesco DB Agriculture Fund | +10.14% | 0.85% | $1.33B |
| #420 | D |
WEAT | Teucrium Wheat Fund | +25.14% | 1% | $363M |
| #432 | D |
PALL | abrdn Physical Palladium Shares ETF | +18.15% | 0.6% | $769M |
| #458 | F |
UNG | United States Natural Gas Fund, LP | -23.33% | 1.17% | $579M |