DBP vs QQQ
Invesco DB Precious Metals Fund vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. DBP delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | DBP | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.73% | 0.18% | |
| AUM | $206M | $455.8B | |
| Dividend Yield | 2.70% | 0.41% | |
| Holdings | 7 | 108 | |
| YTD Return | -2.93% | +17.46% | |
| 1Y Return | +35.06% | +26.02% | |
| 3Y Return (annualized) | +30.29% | +25.51% | |
| 5Y Return (annualized) | +17.89% | +15.12% | |
| Volatility (annualized) | 19.6% | 30.6% | |
| Max Drawdown | -53.9% | -83.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Commodity | Equity | |
| Inception | Jan 5, 2007 | Mar 10, 1999 |
DBP vs QQQ Performance
Invesco DB Precious Metals Fund (DBP) is a ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year DBP returned +35.06% while QQQ returned +26.02%. Year to date, DBP is down 2.93% versus a gain of 17.46% for QQQ.
Over three years, DBP compounded at +30.29% per year against +25.51% for QQQ; over five years the annualized figures are +17.89% and +15.12% respectively. Across the full 20-year window we track, QQQ has the edge at +13.08% annualized vs +8.31%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 19.6% for DBP. 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 -53.9% for DBP and -83.0% for QQQ. 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 0.11. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DBP charges 0.73% per year while QQQ charges 0.18%. On a $10,000 position that is $73 vs $18 annually, a gap of $55 per year that compounds over a long holding period. On income, DBP currently yields 2.70% against 0.41% for QQQ.
Holdings Overlap
DBP and QQQ share 0 holdings out of 105 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, DBP or QQQ?
DBP has an expense ratio of 0.73% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $55 per year of difference.
Which performed better, DBP or QQQ?
Over the past year DBP returned +35.06% vs +26.02% for QQQ, so DBP leads on 1-year performance. Over the longest common window we track (20 years), DBP annualized +8.31% vs +13.08% for QQQ. Past performance does not guarantee future results.
Which is riskier, DBP or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 19.6% for DBP. Worst drawdown: DBP -53.9% vs QQQ -83.0%.
Should I hold both DBP and QQQ?
DBP and QQQ have a monthly-return correlation of 0.11, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DBP and QQQ?
DBP and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 105 unique securities.
Which pays a higher dividend, DBP or QQQ?
DBP yields 2.70% while QQQ yields 0.41%, so DBP currently pays the higher dividend yield.
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