Invesco DB Base Metals Fund

10-Year Study

DBB.US · · US · ETF

Executive Summary: Invesco DB Base Metals Fund has compounded at 9.3% annually over the last 10 years, with a maximum drawdown of 34.7% and an annualized volatility of 28.1%.

1Y CAGR
+44.0%
3Y CAGR
+18.4%
5Y CAGR
+6.8%
10Y CAGR
+9.3%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
34.7%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.36
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.65
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
18.0%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2017 · +30.1%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2018 · -19.5%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
70%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20264.60.8-2.86.5————————9.1%
2025-0.92.00.7-7.33.45.3-0.62.34.26.90.17.225.0%
2024-3.0-2.33.613.12.7-3.4-6.44.25.8-1.5-1.7-2.07.9%
202313.0-7.9-0.2-5.1-7.81.67.1-4.34.1-4.41.55.81.1%
20222.76.85.8-8.0-3.4-15.51.3-0.8-8.3-1.814.5-2.5-11.8%
2021-2.511.1-0.48.44.8-4.42.70.3-0.63.5-2.46.529.0%
2020-5.6-2.9-9.81.14.24.77.76.4-2.93.010.8-0.115.5%
20196.42.02.1-2.9-7.61.4-1.4-5.21.93.4-2.42.1-1.2%
20180.7-2.7-4.42.30.8-6.3-4.5-3.02.0-4.42.5-4.0-19.5%
20179.40.8-0.5-2.8-0.63.52.410.0-1.84.0-3.76.930.1%
2016———6.6-5.67.42.3-1.43.82.58.2-4.220.1%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 28.1%. The dominant macroeconomic risk driver is SHV.US, accounting for 51.2% of variance. Idiosyncratic stock-specific factors contribute 10.8%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0110660.153591912123
2016-05-0110064.353066977737
2016-06-0110805.093807718478
2016-07-0111054.729269952366
2016-08-0110901.720618256053
2016-09-0111312.33595800525
2016-10-0111594.147953728005
2016-11-0112544.279187323806
2016-12-0112012.83172936716
2017-01-0113140.07971225819
2017-02-0113244.677748614755
2017-03-0113180.324681637017
2017-04-0112809.954311266647
2017-05-0112737.435598327986
2017-06-0113188.393117526975
2017-07-0113510.450082628558
2017-08-0114855.05978419364
2017-09-0114581.316224360842
2017-10-0115169.048313405267
2017-11-0114613.492757849712
2017-12-0115627.97705842325
2018-01-0115740.643530669775
2018-02-0115321.959755030619
2018-03-0114653.73772722854
2018-04-0114991.931564110042
2018-05-0115112.666472246523
2018-06-0114162.632448721688
2018-07-0113518.518518518516
2018-08-0113115.874404588314
2018-09-0113381.549528531154
2018-10-0112793.81743948673
2018-11-0113115.874404588314
2018-12-0112585.107417128414
2019-01-0113386.507242150285
2019-02-0113648.196753183627
2019-03-0113934.383202099736
2019-04-0113533.708385676304
2019-05-0112503.348901481104
2019-06-0112675.075173157811
2019-07-0112503.348901481104
2019-08-0111849.150755459428
2019-09-0112078.119735740023
2019-10-0112486.993577003572
2019-11-0112184.426563641553
2019-12-0112437.474267573378
2020-01-0111738.179851067336
2020-02-0111396.85770878236
2020-03-0110281.313702143974
2020-04-0110389.537705593604
2020-05-0110822.435573527076
2020-06-0111330.25625397052
2020-07-0112204.37705580551
2020-08-0112986.923059059483
2020-09-0112603.975586934283
2020-10-0112978.597993091438
2020-11-0114377.188680238482
2020-12-0114368.864541337918
2021-01-0114010.891340049371
2021-02-0115567.660134724232
2021-03-0115509.38003761052
2021-04-0116808.074568478416
2021-05-0117607.269776601002
2021-06-0116833.04976638255
2021-07-0117282.595912117158
2021-08-0117340.871373893475
2021-09-0117232.647370443847
2021-10-0117832.042849468307
2021-11-0117399.14498153483
2021-12-0118531.340974244267
2022-01-0119039.160727620227
2022-02-0120337.854331420647
2022-03-0121511.67194570039
2022-04-0119788.40553993454
2022-05-0119122.40953316572
2022-06-0116167.055613748693
2022-07-0116375.176700544944
2022-08-0116241.97749919118
2022-09-0114901.660419685493
2022-10-0114635.262944045446
2022-11-0116758.124172670145
2022-12-0116344.299791064797
2023-01-0118461.912890686704
2023-02-0117008.154271955424
2023-03-0116974.54251341005
2023-04-0116109.00821057239
2023-05-0114848.521838814404
2023-06-0115083.81341930681
2023-07-0116159.42770252541
2023-08-0115470.362548590794
2023-09-0116100.605270936048
2023-10-0115386.329443957442
2023-11-0115621.62102444985
2023-12-0116531.927124153968
2024-01-0116035.065308388504
2024-02-0115664.677746478792
2024-03-0116224.774835037166
2024-04-0118347.725989207403
2024-05-0118835.554459450297
2024-06-0118194.15355291892
2024-07-0117037.82228544199
2024-08-0117751.495518558768
2024-09-0118781.35253217995
2024-10-0118501.302133765803
2024-11-0118194.15355291892
2024-12-0117838.476697777685
2025-01-0117677.60082388383
2025-02-0118037.208445139153
2025-03-0118160.232153835317
2025-04-0116825.896513708896
2025-05-0117403.161037857055
2025-06-0118330.57338669729
2025-07-0118226.47668766746
2025-08-0118652.326988619963
2025-09-0119437.790473232675
2025-10-0120772.126113359092
2025-11-0120800.516627858582
2025-12-0122299.99079815069
2026-01-0123330.41703120443
2026-02-0123505.395158938463
2026-03-0122844.36667638767
2026-04-0124321.95975503062
Annual Return Matrix
YearAnnual Return
20170.3009403120346992
2018-0.1947065592635212
2019-0.01173078184093268
20200.15528798148350775
20210.28968722065207597
2022-0.1180185063897492
20230.011479680101789569
20240.07903189772200148
20250.25010622689149353
20260.09067129108625505
Total Factor Risk
0.28097158444827114
VTI.US Exposure
0.07653926945734084
VEA.US Exposure
0.04797082169704846
VWO.US Exposure
0.08543057895672959
QQQ.US Exposure
-0.012215800774119287
VTV.US Exposure
-0.0024236277504535854
IJR.US Exposure
-0.033537724851196535
QUAL.US Exposure
-0.0408187678541056
SHV.US Exposure
0.5122496573526613
TLT.US Exposure
-0.011974735393289986
LQD.US Exposure
0.005648720512134816
HYG.US Exposure
0.03460298599424559
GLD.US Exposure
-0.0011243979214068858
USO.US Exposure
0.004867465684407698
VNQ.US Exposure
0.004801783109993571
BTC-USD.CC Exposure
0.008522808150032507
CPER.US Exposure
0.18377734173598073
VIX.INDX Exposure
-0.012949156405140534
UUP.US Exposure
-0.013671853512142985
TIP.US Exposure
0.056090353751237484
Idiosyncratic Exposure
0.10821427806004272
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
28.1%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+5.1%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+16.3%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
0.3% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.87
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Invesco DB Base Metals Fund a high-risk investment?

Invesco DB Base Metals Fund (DBB.US) has an annualized volatility of 28.1% and experienced a maximum drawdown of 34.7% over the last 10 years. Its primary macro risk driver is SHV.US.

What is the 10-year return of DBB.US?

Over the past 10 years, DBB.US has generated a Compound Annual Growth Rate (CAGR) of 9.3%. It has had a positive return in 70% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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