Invesco DB Base Metals Fund

Price: $18.44
Change: $0.18 (-0.01%)
Category: Metals
Last Updated:


Issuer Invesco
Brand Invesco DB
Structure Commodity Pool
Expense Ratio 0.77%
ETF Home Page Home page
Inception Jan 05, 2007

Analyst Report

This ETF offers exposure to a basket of base metals, including copper, zinc, and aluminum. As such, DBB can be a tactical tool for investors with a bullish outlook on this corner of the commodities market; those seeking more broad-based exposure to natural resources would be better served by a fund such as DBC or DJP that includes a variety of other products including; precious metals, agriculture, and others. Those seeking more granular exposure have metal-specific ETPs available to them, such as JJC which tracks copper. The structure of DBB is worth noting; as an ETF that invests in futures contracts, this fund may be subject to some unique tax consequences; investors may want to take a look at the similar BDG or JJM, both of which are structured as ETNs, for treatment that potentially could be more favorable.

ETF Database Themes

Category Metals
Asset Class Commodity
Region (General) Global
Region (Specific) Broad
Commodity Type Industrial Metals
Commodity Broad
Commodity Exposure Futures-Based

FactSet Classifications

Segment Commodities: Industrial Metals
Category Industrial Metals
Focus Broad Market
Niche Optimized
Strategy Active
Weighting Scheme Fixed

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $17.27
  • 52 Week Hi $22.34
  • AUM $154.7 M
  • Shares 8.3 M

Historical Trading Data

  • 1 Month Avg. Volume 88,235
  • 3 Month Avg. Volume 92,077

Alternative ETFs in the ETF Database Metals Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest CPER 0.85% $139.8 M 91,472 -1.13%
Largest (AUM) CPER 0.85% $139.8 M 91,472 -1.13%
Most Liquid (Volume) CPER 0.85% $139.8 M 91,472 -1.13%
Top YTD Performer CPER 0.85% $139.8 M 91,472 -1.13%

Alternative ETFs in the FactSet Commodities: Industrial Metals Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest BCIM 0.40% $24.4 M 1,511 -12.04%
Largest (AUM) BCIM 0.40% $24.4 M 1,511 -12.04%
Most Liquid (Volume) BCIM 0.40% $24.4 M 1,511 -12.04%
Top YTD Performer BCIM 0.40% $24.4 M 1,511 -12.04%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

DBB ETF Database Category Average FactSet Segment Average
Number of Holdings 7 4 10
% of Assets in Top 10 100.00% 100.00% 92.50%
% of Assets in Top 15 100.00% 100.00% 95.92%
% of Assets in Top 50 100.00% 100.00% 100.00%

Size Comparison

DBB ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A N/A N/A
Mid (>2.7B) N/A N/A N/A
Small (>600M) N/A N/A N/A
Micro (<600M) N/A N/A N/A

DBB Valuation

This section compares the P/E ratio of this ETF to its peers.

P/E Ratio
ETF Database Category Average
P/E Ratio
FactSet Segment Average
P/E Ratio

DBB Dividend

This section compares the dividend yield of this ETF to its peers.

DBB ETF Database Category Average FactSet Segment Average
Dividend $ 0.18 $ 0.09 $ 0.13
Dividend Date 2022-12-19 N/A N/A
Annual Dividend Rate $ 0.18 $ 0.09 $ 0.13
Annual Dividend Yield 0.98% 0.49% 0.64%

DBB Price and Volume Charts

View charts featuring DBB price and volume data.

DBB Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: -2.79 M 1 Month Net Flows: -13.86 M 3 Month Net Flows: -25.7 M 6 Month Net Flows: -78.05 M 1 Year Net Flows: -160.58 M 3 Year Net Flows: -642.93 K 5 Year Net Flows: -55.2 M 10 Year Net Flows: -103.13 M

DBB Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

5 Day Net AUM Change: -1.6 M
1 Month Net AUM Change: -4.4 M
3 Month Net AUM Change: -24.23 M
6 Month Net AUM Change: -99.33 M
1 Year Net AUM Change: -170.18 M
3 Year Net AUM Change: 14.33 M
5 Year Net AUM Change: -42.44 M
10 Year Net AUM Change: -107.4 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for DBB on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Metals with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A+ DBB
Expenses C CPER

A+ Overall Rated ETF:

DBB Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

Expense Ratio
ETF Database Category Average
Expense Ratio
FactSet Segment Average
Expense Ratio

Tax Analysis

Max ST Capital Gains Rate 27.84%
Max LT Capital Gains Rate 27.84%
Tax On Distributions No distributions
Distributes K1 Yes
ESG Themes and Scores

DBB does not have an ESG score. There are no ESG themes that map to this ETF.

DBB Performance

This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.

DBB ETF Database
Category Average
Factset Segment
1 Month Return 3.60% 1.48% 1.25%
3 Month Return 1.04% -1.82% -2.14%
YTD Return -5.19% -3.16% -9.59%
1 Year Return 0.49% 5.42% -0.62%
3 Year Return 5.79% 5.86% 1.45%
5 Year Return 3.43% 4.55% 0.86%

Geographic Exposure

The following charts reflect the geographic spread of DBB's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of DBB's underlying holdings.

DBB Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility 238.21%
20 Day Volatility 14.03%
50 Day Volatility 16.71%
200 Day Volatility 17.69%
Beta 0.68
Standard Deviation 1.14%
5 Day Volatility
2 of 2

20 Day Volatility
2 of 2

50 Day Volatility
2 of 2

200 Day Volatility
2 of 2

2 of 2

Standard Deviation
2 of 2


  • 20 Day MA $18.43
  • 60 Day MA $18.32
  • MACD 15 Period -0.06
  • MACD 100 Period 0.12
  • Williams % Range 10 Day 50.00
  • Williams % Range 20 Day 47.89
  • RSI 10 Day 50
  • RSI 20 Day 51
  • RSI 30 Day 50
  • Ultimate Oscillator 47

Bollinger Bands

  • Lower Bollinger (10 Day) $18.23
  • Upper Bollinger (10 Day) $18.81
  • Lower Bollinger (20 Day) $18.07
  • Upper Bollinger (20 Day) $18.80
  • Lower Bollinger (30 Day) $17.69
  • Upper Bollinger (30 Day) $18.86

Support & Resistance

  • Support Level 1 $18.33
  • Support Level 2 $18.23
  • Resistance Level 1 $18.55
  • Resistance Level 2 $18.67


  • Stochastic Oscillator %D (1 Day) 39.61
  • Stochastic Oscillator %D (5 Day) 39.94
  • Stochastic Oscillator %K (1 Day) 42.77
  • Stochastic Oscillator %K (5 Day) 49.15


  • Tracking Difference Median (%) 0.77
  • Tracking Difference Max Upside (%) 3.61
  • Tracking Difference Max Downside (%) -0.49
  • Median Premium Discount (%) 0.03
  • Maximum Premium Discount (%) 2.10
  • Average Spread (%) 1.66
  • Average Spread ($) 1.66

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Data Lineage

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