DBB
Invesco DB Base Metals Fund

Price: $20.90
Change: $0.12 (-0.01%)
Category: Metals
Last Updated:

Vitals

Issuer Invesco
Brand Invesco DB
Structure Commodity Pool
Expense Ratio 0.80%
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 Optimized commodity
  • Weighting Scheme Fixed

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $16.75
  • 52 Week Hi $24.00
  • AUM $456.6 M
  • Shares 21.8 M

Historical Trading Data

  • 1 Month Avg. Volume 262,314
  • 3 Month Avg. Volume 251,712

Alternative ETFs in the ETF Database Metals Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest JJC 0.45% $80.2 M 33,789 21.27%
Largest (AUM) CPER 0.80% $275.7 M 270,368 20.61%
Most Liquid (Volume) CPER 0.80% $275.7 M 270,368 20.61%
Top YTD Performer JJT 0.45% $20.0 M 3,125 120.89%

Alternative ETFs in the FactSet Commodities: Industrial Metals Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest BCIM 0.39% $26.1 M N/A N/A
Largest (AUM) BCIM 0.39% $26.1 M N/A N/A
Most Liquid (Volume) JJM 0.45% $13.0 M 637 21.86%
Top YTD Performer JJM 0.45% $13.0 M 637 21.86%

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 9 3 4
% of Assets in Top 10 99.99% 100.00% 66.66%
% of Assets in Top 15 99.99% 100.00% 66.66%
% of Assets in Top 50 99.99% 100.00% 66.66%

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.

DBB
P/E Ratio
N/A
ETF Database Category Average
P/E Ratio
N/A
FactSet Segment Average
P/E Ratio
N/A

DBB Dividend

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

DBB ETF Database Category Average FactSet Segment Average
Dividend $ 0.27 $ 0.03 $ 0.09
Dividend Date 2019-12-23 N/A N/A
Annual Dividend Rate N/A N/A N/A
Annual Dividend Yield N/A N/A N/A

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: 0 1 Month Net Flows: 8.46 M 3 Month Net Flows: 36.35 M 6 Month Net Flows: 67.86 M 1 Year Net Flows: 245.62 M 3 Year Net Flows: 235.84 M 5 Year Net Flows: 115 M 10 Year Net Flows: 72.63 M

DBB Price vs Flows AUM Influence Charts

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

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
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

DBB Expenses & Fees

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

Expenses Ratio Analysis

DBB
Expense Ratio
0.80%
ETF Database Category Average
Expense Ratio
0.59%
FactSet Segment Average
Expense Ratio
0.55%

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.

DBB ETF Database
Category Average
Factset Segment
Average
1 Month Return -2.43% -1.41% -2.78%
3 Month Return 1.36% 2.60% 0.22%
YTD Return 21.09% 31.18% 14.32%
1 Year Return 21.02% 33.77% 14.41%
3 Year Return 34.45% 54.12% 26.25%
5 Year Return 39.31% 14.79% 13.10%

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
22.37%
Rank
8 of 9

20 Day Volatility
23.33%
Rank
5 of 9

50 Day Volatility
27.38%
Rank
4 of 9

200 Day Volatility
22.46%
Rank
7 of 9

Beta
0.59
Rank
5 of 9

Standard Deviation
1.50%
Rank
8 of 9

Technicals

  • 20 Day MA $21.02
  • 60 Day MA $21.43
  • MACD 15 Period -0.15
  • MACD 100 Period -0.11
  • Williams % Range 10 Day 67.88
  • Williams % Range 20 Day 63.03
  • RSI 10 Day 45
  • RSI 20 Day 47
  • RSI 30 Day 48
  • Ultimate Oscillator 47

Bollinger Bands

  • Lower Bollinger (10 Day) $20.43
  • Upper Bollinger (10 Day) $21.70
  • Lower Bollinger (20 Day) $20.48
  • Upper Bollinger (20 Day) $21.58
  • Lower Bollinger (30 Day) $20.04
  • Upper Bollinger (30 Day) $22.68

Support & Resistance

  • Support Level 1 $20.70
  • Support Level 2 $20.51
  • Resistance Level 1 $21.14
  • Resistance Level 2 $21.39

Stochastic

  • Stochastic Oscillator %D (1 Day) 52.47
  • Stochastic Oscillator %D (5 Day) 39.02
  • Stochastic Oscillator %K (1 Day) 53.22
  • Stochastic Oscillator %K (5 Day) 50.97

Tradability

  • Tracking Difference Median (%) n/a
  • Tracking Difference Max Upside (%) n/a
  • Tracking Difference Max Downside (%) n/a
  • Median Premium Discount (%) 0.10
  • Maximum Premium Discount (%) 1.65
  • Average Spread (%) 2.72
  • Average Spread ($) 2.72

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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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

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