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Launched · SEC filings

Invesco DB Base Metals Fund

DBBNYSE ArcaInvescoB

$25.07+0.24 (+0.97%)

At close: Nov 2, 2026, 4:00 PM ET

B61/ 100

Rank 6 of 14 in Commodity Futures

B61/100Rank 6 of 14inCommodity Futures
Intraday session: up, 79 prints from 24.83 to 25.07. Range 24.98 to 25.18. Use the arrow keys to read each point.24.9024.9525.0025.1510 AM12 PM2 PM4 PM
Expense ratio
0.81%
Fund size
$321M
1Y total return
+16.2%
Yield · Last 12 months
2.42%
Holdings
10
Avg volume · 30D
201K sh
52W range
low $21.14high $26.71
Launched
Filings
SEC EDGAR

The ETF.net DBB Grade

Based on 5 of 6 pillars

B

Score 61 out of 100

Category
Commodity Futures⁠
Rank
6 of 14
Six-pillar profile for DBB. Scores out of 100: Cost 46, Risk 65, Mission not scored, Tradability 82, Holdings 29, Durability 80. Strongest: Tradability (82). Weakest: Holdings (29). Based on 5 of 6 pillars.

Score 61 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C46 out of 100
    Rank 8 of 14

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B65 out of 100
    Rank 4 of 14

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A82 out of 100
    Rank 3 of 14

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D29 out of 100
    Rank 5 of 5

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A80 out of 100
    Rank 2 of 14

Our read on DBB

ETF.net Research

In short

BThe metals that build things, not the ones that sit in vaults. Since 2007 DBB has held futures on industrial metals like copper, aluminum and zinc, with a roll rule that hunts for the best-priced contract instead of always buying the nearest one.

Stated mandate

The fund is designed to track the DBIQ Optimum Yield Industrial Metals Index Excess Return, which reflects changes in the market value of the base-metals sector.

Why people hold it

  • A clean industrial-metals basket: futures on liquid base metals such as aluminum, zinc and copper, with no gold or oil muddying the signal.sec.gov
  • The Optimum Yield roll picks contracts to limit losses when the futures curve slopes up and to capture the benefit when it slopes down, rather than defaulting to the front month.sec.govinvesco.com
  • Trading since January 2007 through several full commodity cycles, and one of the steadier, more liquid names in its futures-commodity peer group.
  • Expense ratio of 0.81%, sitting right at the middle of the futures-based commodity pack (PDBC 0.74%, HARD 0.78%).

Worth knowing

  • It is a commodity pool, so tax time brings a Schedule K-1 instead of a 1099. Peers like PDBC are built specifically to avoid that paperwork.invesco.com
  • Base metals track the global industrial cycle, and the prospectus materials describe the futures markets the fund trades as volatile and speculative.sec.gov
  • Invesco updated the underlying index methodology in November 2025 (wider eligible commodity list, liquidity screens, weight caps), so the metals mix can differ from the historic lineup.invesco.com

DBB Performance

Launched Jan 5, 2007

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

DBB$11,619
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. DBB $11,619. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025May 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for DBB. Periods over one year show the average yearly return.
PeriodDBB
Year to date+8.2%
1 month−1.9%
3 months−1.3%
1 year+16.2%
3 yearsper year+16.2%
5 yearsper year+6.2%
10 yearsper year+7.6%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for DBB
YearReturn barDBB
2026 YTD+8.2%
2025+25.0%
2024+7.9%
2023+1.1%
2022−11.8%

DBB in the news

DBB Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
2.42%Last 12 months
Payout per share
$0.60Last 12 months
Last payment
$0.60 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2017–2026

One bar per payment. 6 payments from 2017 to 2026 YTD. Dec 24, 2018 $0.24; Dec 23, 2019 $0.27; Dec 19, 2022 $0.18; Dec 18, 2023 $1.32; Dec 23, 2024 $0.90; Dec 22, 2025 $0.60. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 26, 2025$0.60
Dec 23, 2024Dec 27, 2024$0.90
Dec 18, 2023Dec 22, 2023$1.32
Dec 19, 2022Dec 23, 2022$0.18
Dec 23, 2019Dec 31, 2019$0.27
Dec 24, 2018Dec 31, 2018$0.24
Dec 15, 2008No data$0.28
Dec 17, 2007No data$0.96

— Pay date not on file.

$10,000 in DBB 10 years ago paid $2,448 in dividends.

DBB Risk

Risk pillarB65 out of 100Rank 4 of 14 in Commodity Futures
How much the fund’s monthly returns vary, scaled to a year.
15.2%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.77
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−35.0%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.49
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

DBB Cost

Compare DBB and USG

Overpaying vs USG, cheapest in Commodity Futures

$6,477

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DBB 0.81%

    $15,518

  • USG 0.45% Cheapest

    $9,041

$10,000
30 years

Cost over time

  • DBB 0.81%
  • USG 0.45%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530DBB $15,518USG $9,041

Year by year

YearDBBUSGOverpaying
10$1,439$812$627
20$5,456$3,128$2,328
30$15,518$9,041$6,477

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