What is DBB?

DBB tracks an index of three base metal futures contracts. It selects contracts based on the shape of the futures curve to minimize contango.

PERFORMANCE [as of 03/17/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DBB -5.26% -1.57% -0.05% -21.93% 14.75% 1.66% 1.11%
DBB (NAV) -4.62% -1.39% -0.53% -8.41% 7.15% 0.78% 0.85%
DBIQ Optimum Yield Industrial Metals Index -5.07% -1.78% -1.66% -23.19% 14.57% 1.01% 1.16%
S&P GSCI Industrial Metals Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

DBB Factset Analytics Insight

DBB reflects the performance of industrial-metals commodity futures. As a commodity pool, it holds a basket of futures directly, but also distributes a complicated K-1 tax form at year-end. DBB holds just three equally weighted metals — aluminum, copper and zinc. That sets it apart from its production-weighted benchmark, which also includes nickel and lead, and DBB's equal weighting strategy gives zinc a sizeable bump at the expense of copper. DBB optimizes its contract selection to minimize the effects of contango, though that could also make it less sensitive to spot prices compared to a front-month strategy. The fund and the index are rebalanced and reconstituted annually in November.

DBB Summary Data

Invesco
01/05/07
0.77%
$254.06M
DBIQ Optimum Yield Industrial Metals Index
S&P GSCI Industrial Metals Index
Commodities Pool

Peers

S&P GSCI Industrial Metals Index

Fund Flows

$0.00B 5 Days
+$0.04B 30 Days
+$0.00B 90 Days

DBB Portfolio Data

Futures
Optimized
Annually
--

DBB Index Data

DBIQ Optimum Yield Industrial Metals Index
Fixed
Fixed
S&P GSCI Industrial Metals Index

DBB Portfolio Management

0.77%
-0.11%
1.23%
-1.03%

DBB Tax Exposures

27.84% / 27.84%
--
Yes

DBB Fund Structure

Commodities Pool
Yes
N/A
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 03/20/23

This measurement shows how easy it is to trade a $1 million USD block of DBB. DBB is rated a 5 out of 5.

DBB Tradability

198,631
$4.11M
135,442
$2.82M
0.17%
$0.04
0.02%
3.89% / -3.18%
None
100.00%
200,000
0.68
0.01%
--
5,281
$19.40
5

DBB Sector Breakdown

DBB Segment
Benchmark
55.18% --
39.05% --
5.77% --

DBB Top 10 Targeted Commodity Weights

55.18%
15.69%
14.25%
5.70%
3.41%
100.00%

DBB Performance Statistics

--
--
0.98
1.05
0.00%

DBB Tenor Strategy

DBB's optimized tenor selection uses a rules-based strategy for choosing contracts over the next 13 months that will give the best possible implied roll yield.

DBB Rolling Strategy

DBB rolls contracts between the 2nd and 6th business days each month.