DBB vs VYM
DBB vs VYM
Invesco DB Base Metals Fund vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. DBB delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | DBB | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.04% | |
| AUM | $365M | $79.0B | |
| Dividend Yield | 2.49% | 2.86% | |
| Holdings | 10 | 568 | |
| YTD Return | +10.26% | +15.80% | |
| 1Y Return | +33.23% | +26.12% | |
| 3Y Return (annualized) | +15.03% | +18.25% | |
| 5Y Return (annualized) | +6.92% | +12.51% | |
| Volatility (annualized) | 20.8% | 14.6% | |
| Max Drawdown | -60.2% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Commodity | Equity | |
| Inception | Jan 5, 2007 | Nov 10, 2006 |
DBB vs VYM Performance
Invesco DB Base Metals Fund (DBB) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year DBB returned +33.23% while VYM returned +26.12%. Year to date, DBB is up 10.26% versus a gain of 15.80% for VYM.
Over three years, DBB compounded at +15.03% per year against +18.25% for VYM; over five years the annualized figures are +6.92% and +12.51% respectively. Across the full 20-year window we track, VYM has the edge at +7.07% 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 14.6% for VYM. 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 -58.8% for VYM. 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 0.48. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DBB charges 0.75% per year while VYM charges 0.04%. On a $10,000 position that is $75 vs $4 annually, a gap of $71 per year that compounds over a long holding period. On income, DBB currently yields 2.49% against 2.86% for VYM.
Holdings Overlap
DBB and VYM share 0 holdings out of 559 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 VYM?
DBB has an expense ratio of 0.75% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $71 per year of difference.
Which performed better, DBB or VYM?
Over the past year DBB returned +33.23% vs +26.12% for VYM, so DBB leads on 1-year performance. Over the longest common window we track (20 years), DBB annualized +1.42% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, DBB or VYM?
DBB has been the more volatile fund at 20.8% annualized versus 14.6% for VYM. Worst drawdown: DBB -60.2% vs VYM -58.8%.
Should I hold both DBB and VYM?
DBB and VYM have a monthly-return correlation of 0.48, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DBB and VYM?
DBB and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 559 unique securities.
Which pays a higher dividend, DBB or VYM?
DBB yields 2.49% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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