Invesco DB Precious Metals Fund

10-Year Study

DBP.US · · US · ETF

Executive Summary: Invesco DB Precious Metals Fund has compounded at 13.6% annually over the last 10 years, with a maximum drawdown of 24.2% and an annualized volatility of 18.0%.

1Y CAGR
+64.6%
3Y CAGR
+37.0%
5Y CAGR
+19.5%
10Y CAGR
+13.6%

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 →
24.2%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.62
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
1.21
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
16.8%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2025 · +73.4%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2021 · -7.1%
% 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.
202612.89.4-13.23.3————————10.5%
20256.50.99.43.00.22.0-0.36.311.63.37.26.973.4%
2024-2.00.48.93.84.1-1.03.91.55.64.4-3.7-1.226.7%
20234.2-6.69.11.5-2.3-2.63.5-1.5-5.66.53.8-0.68.7%
2022-2.36.71.4-3.6-3.9-2.5-2.2-4.8-1.3-1.49.74.0-1.5%
2021-2.6-5.0-3.04.07.8-7.21.3-1.4-4.32.9-1.42.8-7.1%
20203.6-2.6-3.07.75.63.213.52.8-8.00.0-5.48.626.8%
20192.9-1.3-1.9-0.90.77.11.48.6-4.03.0-3.83.815.9%
20183.1-2.90.3-0.9-0.9-3.4-2.6-2.9-0.71.10.15.7-4.3%
20176.33.4-0.70.10.1-2.82.04.2-3.6-0.6-0.32.410.6%
2016———7.1-7.210.73.3-5.11.2-3.9-8.4-2.5-6.3%

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 18.0%. The dominant macroeconomic risk driver is GLD.US, accounting for 72.9% of variance. Idiosyncratic stock-specific factors contribute 4.4%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0110709.507668972776
2016-05-019938.183900574206
2016-06-0111002.429926792653
2016-07-0111362.55436380802
2016-08-0110782.06497345653
2016-09-0110913.745337481234
2016-10-0110483.756635866957
2016-11-019607.651947810744
2016-12-019365.773629877263
2017-01-019954.311185401864
2017-02-0110295.615297704726
2017-03-0110228.444072990667
2017-04-0110241.878317933477
2017-05-0110254.507746358979
2017-06-019967.74543034468
2017-07-0110163.93493368002
2017-08-0110585.875470121187
2017-09-0110201.575583105043
2017-10-0110137.0664437944
2017-11-0110110.197953908775
2017-12-0110356.595626131773
2018-01-0110676.788782095928
2018-02-0110368.5440559657
2018-03-0110399.653309807927
2018-04-0110308.15186268592
2018-05-0110213.988330160499
2018-06-019869.5578152327
2018-07-019608.580582253795
2018-08-019330.826020337094
2018-09-019269.536147095694
2018-10-019371.778799275664
2018-11-019379.857918930213
2018-12-019910.727275541316
2019-01-0110196.839547445483
2019-02-0110068.780857748681
2019-03-019878.039343145903
2019-04-019785.3925802108
2019-05-019854.854436551052
2019-06-0110556.561576202192
2019-07-0110707.278946309452
2019-08-0111627.462815929175
2019-09-0111166.95299561994
2019-10-0111499.404126232375
2019-11-0111067.960563990651
2019-12-0111484.54597514355
2020-01-0111892.433177013201
2020-02-0111588.057761062359
2020-03-0111245.763105353577
2020-04-0112109.764591168685
2020-05-0112792.929996440234
2020-06-0113202.767330640292
2020-07-0114988.840909442662
2020-08-0115405.643001965609
2020-09-0114171.766417483092
2020-10-0114171.766417483092
2020-11-0113404.37386822677
2020-12-0114562.72151800777
2021-01-0114177.276315178531
2021-02-0113469.130643388895
2021-03-0113062.233984925168
2021-04-0113578.33805389175
2021-05-0114637.693272043458
2021-06-0113583.786042624319
2021-07-0113757.68831932643
2021-08-0113568.061166055315
2021-09-0112984.693008930366
2021-10-0113355.43483307796
2021-11-0113164.229001253656
2021-12-0113528.594202225626
2022-01-0113219.420841652349
2022-02-0114101.406881181221
2022-03-0114293.200848152792
2022-04-0113785.299716766494
2022-05-0113241.274705545497
2022-06-0112904.737583383634
2022-07-0112614.539319930043
2022-08-0112007.614802433021
2022-09-0111848.075405116773
2022-10-0111679.961616443019
2022-11-0112810.3883239696
2022-12-0113324.542260605778
2023-01-0113890.297317794182
2023-02-0112978.471158161921
2023-03-0114154.277135472288
2023-04-0114371.23709585055
2023-05-0114046.122177338222
2023-06-0113686.864465803035
2023-07-0114164.027797124325
2023-08-0113949.35846837226
2023-09-0113167.045859064247
2023-10-0114026.713717478448
2023-11-0114566.095556484188
2023-12-0114480.939778056367
2024-01-0114196.83954744548
2024-02-0114252.898113324354
2024-03-0115524.601074120505
2024-04-0116117.503211527446
2024-05-0116784.26274163842
2024-06-0116611.4129173051
2024-07-0117264.459612140345
2024-08-0117516.1195462073
2024-09-0118492.30007274303
2024-10-0119300.95494575227
2024-11-0118577.27012428224
2024-12-0118349.41418643884
2025-01-0119548.93129652845
2025-02-0119733.23427899274
2025-03-0121588.42921483958
2025-04-0122225.96771447586
2025-05-0122268.25153611614
2025-06-0122703.3477271672
2025-07-0122645.95811858662
2025-08-0124071.78344244788
2025-09-0126869.01611180758
2025-10-0127767.12943616412
2025-11-0129761.960037764464
2025-12-0131824.302363374656
2026-01-0135891.72122394019
2026-02-0139253.3779077866
2026-03-0134062.31137112875
2026-04-0135178.096608936554
Annual Return Matrix
YearAnnual Return
20170.10579179418705364
2018-0.04305163266831069
20190.15879951650836577
20200.26802762159918503
2021-0.07101195435917496
2022-0.015083011477000197
20230.08678703514412622
20240.2671424968042855
20250.7343497748769794
20260.10538469020523289
Total Factor Risk
0.18035360568496334
VTI.US Exposure
0.10045246016219522
VEA.US Exposure
0.04201317135903134
VWO.US Exposure
-0.013656684111645452
QQQ.US Exposure
-0.017270967435290205
VTV.US Exposure
-0.03781497884880237
IJR.US Exposure
-0.009569314727931004
QUAL.US Exposure
0.014585624343180805
SHV.US Exposure
0.11402555963246253
TLT.US Exposure
0.029385641033349393
LQD.US Exposure
-0.021613474596443038
HYG.US Exposure
-0.007292918653993697
GLD.US Exposure
0.7288217649635435
USO.US Exposure
0.0005849105186912953
VNQ.US Exposure
-0.0017430073440374745
BTC-USD.CC Exposure
0.00024242081517868652
CPER.US Exposure
0.04491181971201342
VIX.INDX Exposure
0.006894926515077271
UUP.US Exposure
-0.01312250102789914
TIP.US Exposure
-0.003524389030679479
Idiosyncratic Exposure
0.043689936721998744
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
23.9
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
18.0%

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 →1.99%
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 →
-1.5%
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 →
+17.4%
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 →
16.7% 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 →
0.62
Market sensitivity coefficient

Frequently Asked Questions & Methodology

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

Invesco DB Precious Metals Fund (DBP.US) has an annualized volatility of 18.0% and experienced a maximum drawdown of 24.2% over the last 10 years. Its primary macro risk driver is GLD.US.

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

Over the past 10 years, DBP.US has generated a Compound Annual Growth Rate (CAGR) of 13.6%. 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.

Run a Full Backtest on Invesco DB Precious Metals Fund

stresstest.pro lets you simulate DCA vs Lump Sum, Monte Carlo projections, portfolio optimisation, and more — all in seconds.

Start a Free Backtest