Invesco DB Base Metals Fund (DBB)
About this ETF
The Invesco DB Base Metals Fund (DBB) endeavors to replicate the performance, whether upward or downward, of the DBIQ Optimum Yield Industrial Metals Index Excess Return (referred to as the Index). The Fund's total return is further augmented by interest income from its investments, predominantly U.S. Treasury securities and money market holdings, after deducting its operating expenses. This Fund offers investors an efficient and accessible avenue for gaining exposure to commodity futures. The underlying Index adheres to a defined set of rules and is composed of futures contracts on actively traded and widely used industrial metals: aluminum, zinc, and Grade A copper. It is important to note that direct investment in this specific Index is not possible. Both the Fund…
Price
Top 10 holdings
| Invesco Government & Agency Portfolio | 91.48% |
| LME Primary Aluminum Future 12/14/2026 | 28.24% |
| LME Copper Future 03/15/2027 | 24.55% |
| COMEX Copper Future 05/26/2027 | 23.61% |
| LME Nickel Future 09/14/2026 | 11.18% |
| CASH COLLATERAL | 10.52% |
| LME Zinc Future 03/15/2027 | 8.58% |
| LME Lead Future 03/15/2027 | 3.92% |
| USD Pending Dividends | 0.09% |
| CASH & EQUIVALENTS | -2.09% |
Sector mix
Price chart
Returns
| 1 month | -2.28% |
| 3 months | +0.87% |
| 6 months | +4.35% |
| Year to date | +6.71% |
| 1 year | +26.38% |
| 3 years (ann.) | +11.16% |
| 5 years (ann.) | +3.88% |
| 10 years (ann.) | +6.20% |
Risk profile
| Volatility (1y, ann.) | 19.01% |
| Sharpe (1y) | 1.33 |
| Sharpe (3y) | 0.67 |
| Sortino (1y) | 1.90 |
| Max drawdown (1y) | -11.00% |
| Max drawdown (5y) | -37.78% |
| Max drawdown (full) | -62.79% |
| Beta vs S&P 500 (1y) | 0.70 |
| Correlation vs S&P 500 (1y) | 0.46 |
Technical outlook as of 2026-07-13
The Monte Carlo cone is drawn on the price chart above (Forecast overlay); RSI, MACD and the rest of the oscillators live in its indicator panels.
Full holdings
| Constituent | ISIN | Market value | Weight |
|---|---|---|---|
| Loading… | |||
Sector breakdown
Geographic exposure
Cost vs. peers
Comparison universe: 184 funds of the same asset class.
Cost impact calculator
Dividend history
Distributing share class Income is paid out to shareholders.
| Ex-date | Payment | Amount |
|---|---|---|
| 2025-12-22 | 2025-12-26 | USD 0.5997 |
| 2024-12-23 | 2024-12-27 | USD 0.8961 |
| 2023-12-18 | 2023-12-22 | USD 1.3197 |
| 2022-12-19 | 2022-12-23 | USD 0.1837 |
| 2019-12-23 | 2019-12-31 | USD 0.2725 |
| 2018-12-24 | 2018-12-31 | USD 0.2438 |
| 2008-12-15 | — | USD 0.2800 |
| 2007-12-17 | — | USD 0.9600 |
ESG profile
No ESG estimate available: none of the scored universe overlaps this portfolio (typical for bond, commodity or synthetic funds).
Scored coverage: 0.0% of the portfolio by weight.
Similar ETFs
| Fund | TER | AUM (USD) | Yield (TTM) | Return 1y | Sharpe 1y |
|---|---|---|---|---|---|
| iShares Bitcoin Trust ETF IBIT | 0.25% | 46.82B | — | -45.40% | -1.13 |
| Grayscale Bitcoin Trust ETF GBTC | 1.50% | 8.67B | — | -46.00% | -1.16 |
| Invesco Senior Loan ETF BKLN | 0.67% | 7.19B | 6.56% | -2.67% | -0.81 |
| abrdn Physical Gold Shares ETF SGOL | 0.17% | 6.81B | — | +20.15% | 0.80 |
| Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF PDBC | 0.74% | 5.34B | 3.01% | +27.55% | 1.37 |
| iShares Ethereum Trust ETF ETHA | 0.25% | 4.93B | — | -37.38% | -0.34 |
| abrdn Physical Silver Shares ETF SIVR | 0.30% | 3.97B | — | +55.06% | 1.04 |
| abrdn Physical Precious Metals Basket Shares ETF GLTR | 0.60% | 2.48B | — | +28.38% | 0.84 |
| abrdn Bloomberg All Commodity Strategy K-1 Free ETF BCI | 0.26% | 2.38B | 13.79% | +10.98% | 0.59 |
| Bitwise Bitcoin ETF Trust BITB | 0.20% | 2.32B | — | -45.29% | -1.13 |
Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| iShares Bitcoin ETP IB1T.PA | 0.15% | 1.03B | 0.0% |
| WisdomTree Physical Bitcoin BTCW.SW | 0.15% | 1.19B | 0.0% |
| abrdn Physical Gold Shares ETF SGOL | 0.17% | 6.81B | 0.0% |
| Invesco AAA CLO Floating Rate Note ETF ICLO | 0.19% | 508.14M | 0.0% |
| WisdomTree U.S. Efficient Core Fund NTSX | 0.20% | 1.37B | 0.0% |

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