DBB vs VOO
DBB vs VOO
Invesco DB Base Metals Fund vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. DBB delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DBB | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.03% | |
| AUM | $365M | $979.0B | |
| Dividend Yield | 2.49% | 1.09% | |
| Holdings | 10 | 509 | |
| YTD Return | +10.26% | +13.80% | |
| 1Y Return | +33.23% | +23.71% | |
| 3Y Return (annualized) | +15.03% | +21.50% | |
| 5Y Return (annualized) | +6.92% | +13.44% | |
| Volatility (annualized) | 20.8% | 14.1% | |
| Max Drawdown | -60.2% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Commodity | Equity | |
| Inception | Jan 5, 2007 | Sep 7, 2010 |
DBB vs VOO Performance
Invesco DB Base Metals Fund (DBB) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year DBB returned +33.23% while VOO returned +23.71%. Year to date, DBB is up 10.26% versus a gain of 13.80% for VOO.
Over three years, DBB compounded at +15.03% per year against +21.50% for VOO; over five years the annualized figures are +6.92% and +13.44% respectively. Across the full 16-year window we track, VOO has the edge at +13.58% 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 14.1% for VOO. 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 -34.3% for VOO. 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 0.47. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DBB charges 0.75% per year while VOO 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 VOO.
Holdings Overlap
DBB and VOO 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 VOO?
DBB has an expense ratio of 0.75% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $72 per year of difference.
Which performed better, DBB or VOO?
Over the past year DBB returned +33.23% vs +23.71% for VOO, so DBB leads on 1-year performance. Over the longest common window we track (16 years), DBB annualized +1.42% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, DBB or VOO?
DBB has been the more volatile fund at 20.8% annualized versus 14.1% for VOO. Worst drawdown: DBB -60.2% vs VOO -34.3%.
Should I hold both DBB and VOO?
DBB and VOO have a monthly-return correlation of 0.47, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DBB and VOO?
DBB and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, DBB or VOO?
DBB yields 2.49% while VOO yields 1.09%, so DBB currently pays the higher dividend yield.
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