DBB vs IVV
Invesco DB Base Metals Fund vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. DBB delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DBB | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.03% | |
| AUM | $365M | $865.2B | |
| Dividend Yield | 2.49% | 1.09% | |
| Holdings | 10 | 508 | |
| YTD Return | +10.26% | +13.80% | |
| 1Y Return | +33.23% | +23.70% | |
| 3Y Return (annualized) | +15.03% | +21.49% | |
| 5Y Return (annualized) | +6.92% | +13.43% | |
| Volatility (annualized) | 20.8% | 15.1% | |
| Max Drawdown | -60.2% | -56.5% | |
| Fund Family | Invesco (US) | iShares by BlackRock (US) | |
| Category | Commodity | Equity | |
| Inception | Jan 5, 2007 | May 15, 2000 |
DBB vs IVV Performance
Invesco DB Base Metals Fund (DBB) is a ETF from Invesco (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year DBB returned +33.23% while IVV returned +23.70%. Year to date, DBB is up 10.26% versus a gain of 13.80% for IVV.
Over three years, DBB compounded at +15.03% per year against +21.49% for IVV; over five years the annualized figures are +6.92% and +13.43% respectively. Across the full 20-year window we track, IVV has the edge at +7.05% annualized vs +1.42%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DBB has been the more volatile fund, with annualized monthly volatility of 20.8% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -60.2% for DBB and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DBB charges 0.75% per year while IVV charges 0.03%. On a $10,000 position that is $75 vs $3 annually, a gap of $72 per year that compounds over a long holding period. On income, DBB currently yields 2.49% against 1.09% for IVV.
Holdings Overlap
DBB and IVV share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DBB or IVV?
DBB has an expense ratio of 0.75% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $72 per year of difference.
Which performed better, DBB or IVV?
Over the past year DBB returned +33.23% vs +23.70% for IVV, so DBB leads on 1-year performance. Over the longest common window we track (20 years), DBB annualized +1.42% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, DBB or IVV?
DBB has been the more volatile fund at 20.8% annualized versus 15.1% for IVV. Worst drawdown: DBB -60.2% vs IVV -56.5%.
Should I hold both DBB and IVV?
DBB and IVV have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DBB and IVV?
DBB and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, DBB or IVV?
DBB yields 2.49% while IVV yields 1.09%, so DBB currently pays the higher dividend yield.
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