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DBP vs SDMF

Invesco DB Precious Metals Fund

DBPDNYSE Arca

Simplify DBi CTA Managed Futures Index ETF

SDMFBNYSE Arca

Overlap

Expense ratio

SDMF −0.55pt a year

DBP0.76%SDMF0.21%

Avg volume · 30D

SDMF 1.7×the volume

DBP15.1KSDMF25.4K

DBP vs SDMF Performance

Jul 31, 2026 – Oct 30, 2026

−6.9%DBP+4.8%SDMF

Jul 31, 2026 to Oct 30, 2026. DBP −6.9%. SDMF +4.8%. Use the arrow keys to read each point.0%10%15%Jul 2026Sep 2026Oct 2026
Expense ratio
DBP 0.76%
SDMF 0.21%, better
Fund size
DBP $204M
SDMF $49M
1Y total return
DBP −3.7%
SDMF No data
Yield (12M)
DBP 2.90%
SDMF No data
Holdings
DBP 8
SDMF 27
Avg volume (30D)
DBP 15.1K sh
SDMF 25.4K sh, better
NAV per share
DBP $86.62
SDMF $27.08
52W range

ETF.net Grade

DBP: Cost 32, Risk 12, Mission not scored, Tradability 26, Holdings 45, Durability 60. SDMF: Cost 100, Risk 72, Mission not scored, Tradability 37, Holdings 25, Durability 30.
Pillar letters and Scores for DBP, SDMF, with each pillar’s weight
PillarDBPSDMF
Cost30% weightD32A100Higher
Mission25% weightNot scoredNot scored
Risk15% weightF12A72Higher
Tradability15% weightD26D37Higher
Holdings10% weightC45HigherD25
Durability5% weightB60HigherD30

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. DBP and SDMF 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 ›

SDMF ranks 4th 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 77
  2. Rank 2ACMDYiShares Bloomberg Roll Select Commodity Strategy ETFScore 69
  3. Rank 3ACOMBGraniteShares Bloomberg Commodity Broad Strategy No K-1 ETFScore 68
  4. Rank 4BSDMFSimplify DBi CTA Managed Futures Index ETFScore 67
  5. Rank 5BBCDabrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETFScore 63
  6. Rank 19DUSCIUnited States Commodity Index FundScore 32
  7. Rank 20DDBPInvesco DB Precious Metals FundScore 30
  8. Rank 21FKRBNKraneShares Global Carbon Strategy ETFScore 13

Our read on each fund

ETF.net Research

DBPDInvesco DB Precious Metals Fund

SDMFBSimplify DBi CTA Managed Futures Index ETF

In short

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.

SDMF Managed futures without the hedge fund bill. SDMF tracks an index built to replicate what CTA trend funds are actually doing, using a short list of liquid futures markets, for 0.35% a year.

Stated mandate

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

SDMF The Fund seeks long-term capital appreciation.

Why people hold it

  • 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
  • SDMF Charges 0.35%, roughly half the typical fee among futures-strategy funds in its group. Cheap shelf space for a strategy that usually arrives with hedge fund pricing.
  • Rules over hunches: it follows the DBi CTA Managed Futures Index and its advertised 10-factor replication approach, not a trader's discretion.simplify.us
  • Its cohort is mostly long-only commodity baskets (BCI, CMDY). This one is a managed futures strategy, which can lean either direction across futures markets.
  • Ordinary 1940 Act ETF plumbing: daily pricing, intraday trading, no lockup or subscription paperwork.

Worth knowing

  • 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
  • SDMF Launched in 2026, so there is no long record here and the risk picture rests on limited history.
  • A small fund that has traded lightly since launch, so spreads can run wider than the big commodity index names in its category.
  • The stated goal is long-term capital appreciation, and payouts come once or twice a year at most. Not built as an income stream.

Full DBP profile⁠

Full SDMF profile⁠

DBP vs SDMF 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.

DBP vs SDMF Cost

Overpaying DBP vs SDMF

$10,299

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

  • DBP 0.76%

    $14,656

  • SDMF 0.21%

    $4,357

$10,000
30 years

Cost over time

  • DBP 0.76%
  • SDMF 0.21%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530DBP $14,656SDMF $4,357

Year by year

YearDBPSDMFOverpaying
10$1,353$383$970
20$5,142$1,491$3,651
30$14,656$4,357$10,299

Expense ratio

  • 0.76%DBP
  • 0.21%SDMF, cheaper
  • Middle half of Broad Commodity Futures funds
  • Median 0.68%

SDMF cheapest of 21 funds

DBP 14th cheapest of 21 funds

DBP vs SDMF Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DBP 2.90%
SDMF No data
Payout (12M)
DBP $2.50
SDMF No data
Last payment
DBP $2.50
SDMF $0.10
Ex-dividend
DBP Dec 22, 2025
SDMF Sep 25, 2026
Paid on
DBP Dec 26, 2025
SDMF Sep 30, 2026
Frequency
DBP Annual
SDMF Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

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$2.502017202020232026YTD
SDMFQuarterly · 2 paymentsAll SDMF payments⁠
One bar per payment. 2 payments from 2017 to 2026 YTD. Jun 25, 2026 $0.10; Sep 25, 2026 $0.10. Use the arrow keys to read each point.$0$2.502017202020232026YTD

DBP vs SDMF Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
DBP 21.7%SDMF No data
Return per unit of riskSharpe ratio, 3 years
DBP 0.90SDMF No data
Worst fallMax drawdown, 5 years
DBP −36.6%SDMF No data
Market sensitivityBeta, 5 years
DBP 0.37SDMF 0.27

DBP and SDMF in the news

All news⁠

Popular comparisons

  • DBPDvsCERYA

    Invesco DB Precious Metals Fund · State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF

    Expense ratio
    0.76% · 0.28%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SDMFBvsCERYA

    Simplify DBi CTA Managed Futures Index ETF · State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF

    Expense ratio
    0.21% · 0.28%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • DBPDvsCMDYA

    Invesco DB Precious Metals Fund · iShares Bloomberg Roll Select Commodity Strategy ETF

    Expense ratio
    0.76% · 0.29%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SDMFBvsCMDYA

    Simplify DBi CTA Managed Futures Index ETF · iShares Bloomberg Roll Select Commodity Strategy ETF

    Expense ratio
    0.21% · 0.29%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • DBPDvsCOMBA

    Invesco DB Precious Metals Fund · GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

    Expense ratio
    0.76% · 0.25%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SDMFBvsCOMBA

    Simplify DBi CTA Managed Futures Index ETF · GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

    Expense ratio
    0.21% · 0.25%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.