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CMDY vs DBP

iShares Bloomberg Roll Select Commodity Strategy ETF

CMDYANYSE Arca

Invesco DB Precious Metals Fund

DBPDNYSE Arca

Overlap

Expense ratio

CMDY −0.47pt a year

CMDY0.29%DBP0.76%

Avg volume · 30D

CMDY 6.0×the volume

CMDY90.8KDBP15.1K

5Y return · a year

DBP +6.3pt

CMDY+9.1%DBP+15.4%

CMDY vs DBP Performance

Nov 2, 2021 – Nov 2, 2026

+54.5%CMDY+104.2%DBP

Nov 2, 2021 to Nov 2, 2026. CMDY +54.5%. DBP +104.2%. Use the arrow keys to read each point.0%150%200%Nov 2021May 2024Nov 2026
Expense ratio
CMDY 0.29%, better
DBP 0.76%
Fund size
CMDY $743M
DBP $204M
1Y total return
CMDY +29.7%, better
DBP −1.9%
Yield (12M)
CMDY 10.17%, better
DBP 2.84%
Holdings
CMDY 108
DBP 8
Avg volume (30D)
CMDY 90.8K sh, better
DBP 15.1K sh
NAV per share
CMDY $63.21
DBP $86.62
52W range

ETF.net Grade

CMDY: Cost 84, Risk 52, Mission not scored, Tradability 47, Holdings 85, Durability 67. DBP: Cost 32, Risk 11, Mission not scored, Tradability 26, Holdings 45, Durability 60.
Pillar letters and Scores for CMDY, DBP, with each pillar’s weight
PillarCMDYDBP
Cost30% weightA84HigherD32
Mission25% weightNot scoredNot scored
Risk15% weightC52HigherF11
Tradability15% weightC47HigherD26
Holdings10% weightA85HigherC45
Durability5% weightB67HigherB60

Rank among Broad Commodity Futures funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. CMDY and DBP are both graded against the same 21 Broad Commodity Futures funds, so their Grades compare head to head.

Broad Commodity Futures⁠

Category · 21 funds
See all 21 ›

CMDY ranks 2nd and DBP 20th of 21 funds in the Broad Commodity Futures Category.

  1. Rank 1ACERYState Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETFScore 76
  2. Rank 2ACMDYiShares Bloomberg Roll Select Commodity Strategy ETFScore 69
  3. Rank 3ACOMBGraniteShares Bloomberg Commodity Broad Strategy No K-1 ETFScore 68
  4. Rank 19DUSCIUnited States Commodity Index FundScore 32
  5. Rank 20DDBPInvesco DB Precious Metals FundScore 30
  6. Rank 21FKRBNKraneShares Global Carbon Strategy ETFScore 13

Our read on each fund

ETF.net Research

CMDYAiShares Bloomberg Roll Select Commodity Strategy ETF

DBPDInvesco DB Precious Metals Fund

In short

CMDY Commodities without the worst of the futures math. CMDY tracks the Roll Select version of the Bloomberg commodity index, where contract choice is written into the rules to ease rolling costs, and charges 0.29% to do it.

DBP Gold and silver in one futures wrapper, running since 2007. Rather than rolling into the front-month contract on a calendar, its Deutsche Bank index shops the curve for the best implied roll yield. A commodity pool, not a 1940 Act fund.

Stated mandate

CMDY The fund seeks to track an index representing a broad range of commodity exposures, using enhanced roll selection on a total-return basis.

DBP The Fund seeks to track the DBIQ Optimum Yield Precious Metals Index, primarily through commodity futures exposure to gold and silver.

Why people hold it

  • CMDY The name is the strategy. Enhanced roll selection is baked into the index it tracks, so which futures contract to hold is a rule, not an afterthought.
  • 0.29% a year sits in the low-fee tier of broad commodity funds, next to BCI, CERY and BCD, and well under what the category typically charges.
  • One ticker, a broad basket of roughly 60 futures positions, run on a total-return basis that counts collateral income alongside commodity price moves.
  • Live since 2018 under the iShares roof, and one of the stronger implementations in its broad-basket commodity peer group.
  • DBP Two metals, one ticker: a rules-based basket of gold and silver futures, rebalanced and reconstituted every November.invesco.com
  • The "Optimum Yield" rule selects the contract with the best implied roll yield, out to 13 months ahead, instead of rolling on a fixed schedule.sec.govsec.gov 2
  • Live since 2007. Futures are collateralized with Treasuries, money market funds and T-Bill ETFs, so that cash earns interest alongside the index.invesco.com

Worth knowing

  • CMDY Moderately traded rather than a volume monster. Spreads can run wider than the mega-cap index funds, which shows up most on large or hurried orders.
  • It is structured as a commodity pool, not a plain stock fund, so the tax paperwork and reporting work differently. Check the details before filing season.
  • Distributions land annually or semiannually, not monthly, and the roll rule addresses futures mechanics only. Commodity prices still swing hard on their own.
  • DBP Charges 0.76% a year, pricier than broad-basket commodity peers such as BCI (0.26%) and CMDY (0.29%).
  • It is a commodity pool, not a fund registered under the 1940 Act, and it issues a Schedule K-1 at tax time rather than a 1099.invesco.com
  • Thinly traded, so spreads can widen. And it holds futures on the metals, not bars in a vault, so curve shape shows up in returns.sec.gov

Full CMDY profile⁠

Full DBP profile⁠

CMDY vs DBP Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CMDY vs DBP Cost

Overpaying DBP vs CMDY

$8,704

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

  • CMDY 0.29%

    $5,952

  • DBP 0.76%

    $14,656

$10,000
30 years

Cost over time

  • CMDY 0.29%
  • DBP 0.76%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530DBP $14,656CMDY $5,952

Year by year

YearCMDYDBPOverpaying
10$527$1,353$826
20$2,044$5,142$3,098
30$5,952$14,656$8,704

Expense ratio

  • 0.29%CMDY, cheaper
  • 0.76%DBP
  • Middle half of Broad Commodity Futures funds
  • Median 0.68%

CMDY 4th cheapest of 21 funds

DBP 14th cheapest of 21 funds

CMDY vs DBP Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
CMDY 10.17%, better
DBP 2.84%
Payout (12M)
CMDY $6.29
DBP $2.50
Last payment
CMDY $6.29
DBP $2.50
Ex-dividend
CMDY Dec 16, 2025
DBP Dec 22, 2025
Paid on
CMDY Dec 19, 2025
DBP Dec 26, 2025
Frequency
CMDY Annual
DBP Annual

Distribution history

Per share, 2017 to 2026, same scale for both

CMDYAnnual · 8 paymentsAll CMDY payments⁠
One bar per payment. 8 payments from 2017 to 2026 YTD. Dec 18, 2018 $0.76; Dec 16, 2019 $1.00; Dec 14, 2020 $0.07; Dec 13, 2021 $7.96; Dec 13, 2022 $2.17; Dec 20, 2023 $2.40; Dec 17, 2024 $2.01; Dec 16, 2025 $6.29. Use the arrow keys to read each point.$0$52017202020232026YTD
DBPAnnual · 7 paymentsAll DBP payments⁠
One bar per payment. 7 payments from 2017 to 2026 YTD. Dec 18, 2017 $0.05; Dec 24, 2018 $0.45; Dec 23, 2019 $0.53; Dec 19, 2022 $0.22; Dec 18, 2023 $2.23; Dec 23, 2024 $2.56; Dec 22, 2025 $2.50. Use the arrow keys to read each point.$0$52017202020232026YTD

CMDY vs DBP Risk

Fall from peak · 5 years

  • CMDY
  • DBP
Nov 2, 2021 to Nov 2, 2026. Worst fall: DBP −36.6% · Oct 2026. Use the arrow keys to read each point.−40%−30%−20%−10%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
CMDY 13.1%, betterDBP 21.7%
Return per unit of riskSharpe ratio, 3 years
CMDY 0.79DBP 0.90, better
Worst fallMax drawdown, 5 years
CMDY −26.6%, betterDBP −36.6%
Market sensitivityBeta, 5 years
CMDY 0.90DBP 0.37

Popular comparisons

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    iShares Bloomberg Roll Select Commodity Strategy ETF · State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF

    Expense ratio
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    Category
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