DAX vs DBP

Comparison between GLOBAL X DAX GERMANY ETF (DAX, ETF) and Invesco DB Precious Metals Fund (DBP, ETF).

5-Year PerformanceDBP has outperformed DAX, delivering a return of +16.2% compared to +8.6%

DAX vs DBP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	DAX(ETF)	DBP(ETF)
Net Assets	$239M	$240M
Expense Ratio	0.20%	0.75%
Max Drawdown	48.57%	53.89%
Sharpe Ratio	-0.09	0.72
5Y Beta	0.78	0.37
5Y Dividends CAGR	-4.99%	57.35%

Net Assets

DAX

$239M

Winner

DBP

$240M

Expense Ratio

Winner

DAX

0.20%

DBP

0.75%

Max Drawdown

Winner

DAX

48.57%

DBP

53.89%

Sharpe Ratio

DAX

-0.09

Winner

DBP

0.72

5Y Beta

DAX

0.78

Winner

DBP

0.37

5Y Dividends CAGR

DAX

-4.99%

Winner

DBP

57.35%

DAX vs DBP - Holdings Comparison

DAX and DBP have 0 common holdings. Overlap is 0.00%

DAX's top 25 holdings weight is 91.13%. DBP's top 25 holdings weight is 45.95%.

Rank	DAX	DBP
#1	SIEMENS AG (n/a) - 11.68%	INVESCO SHRT-TRM INV GOV&AGCY INSTL (AGPXX) - 41.37%
#2	ALLIANZ SE (n/a) - 9.33%	INVESCO SHORT TERM TREASURY ETF (TBLL) - 4.58%
#3	SAP SE (n/a) - 8.06%	N/A
#4	SIEMENS ENERGY AG ORDINARY SHARES (n/a) - 7.30%	N/A
#5	AIRBUS SE (n/a) - 6.72%	N/A
#6	INFINEON TECHNOLOGIES AG (n/a) - 5.47%	N/A
#7	DEUTSCHE TELEKOM AG (n/a) - 5.37%	N/A
#8	MUNCHENER RUCKVERSICHERUNGS-GESELLSCHAFT AG (n/a) - 3.79%	N/A
#9	DEUTSCHE BANK AG (n/a) - 3.50%	N/A
#10	DEUTSCHE POST AG (n/a) - 3.15%	N/A
#11	BAYER AG (n/a) - 2.81%	N/A
#12	DEUTSCHE BOERSE AG (n/a) - 2.77%	N/A
#13	RHEINMETALL AG (n/a) - 2.66%	N/A
#14	BASF SE (n/a) - 2.57%	N/A
#15	E.ON SE (n/a) - 2.55%	N/A
#16	RWE AG CLASS A (n/a) - 2.14%	N/A
#17	MERCEDES-BENZ GROUP AG (n/a) - 1.89%	N/A
#18	ADIDAS AG (n/a) - 1.89%	N/A
#19	DAIMLER TRUCK HOLDING AG ORDINARY SHARES (n/a) - 1.29%	N/A
#20	HEIDELBERG MATERIALS AG (n/a) - 1.23%	N/A
#21	MTU AERO ENGINES AG (n/a) - 1.10%	N/A
#22	MERCK KGAA (n/a) - 1.05%	N/A
#23	FRESENIUS SE & CO KGAA (n/a) - 0.98%	N/A
#24	BAYERISCHE MOTOREN WERKE AG (n/a) - 0.93%	N/A
#25	VONOVIA SE (n/a) - 0.90%	N/A
Total Holdings	44	2

DAX vs DBP - Historical Returns

Returns include dividend reinvestment.

Period	DAX	DBP
1 month	-0.68%	-4.09%
3 months	+0.49%	-15.28%
6 months	-2.45%	-21.51%
1 year	-0.24%	+22.80%
5 years(CAGR)	+8.57%	+16.18%
10 years(CAGR)	+9.14%	+10.00%
Max(CAGR)	+7.29%	+8.15%

Winner

DAX

-0.68%

DBP

-4.09%

Winner

DAX

+0.49%

DBP

-15.28%

Winner

DAX

-2.45%

DBP

-21.51%

DAX

-0.24%

Winner

DBP

+22.80%

5Y(CAGR)

DAX

+8.57%

Winner

DBP

+16.18%

10Y(CAGR)

DAX

+9.14%

Winner

DBP

+10.00%

Max(CAGR)

DAX

+7.29%

Winner

DBP

+8.15%

DAX vs DBP - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	DAX	DBP
2026	-1.79%	-9.82%
2025	+39.76%	+71.26%
2024	+11.66%	+27.01%
2023	+22.59%	+8.18%
2022	-18.78%	+0.19%
2021	+7.01%	-9.34%
2020	+10.69%	+25.85%
2019	+22.46%	+15.98%
2018	-22.62%	-5.42%
2017	+28.23%	+9.23%
2016	+6.53%	+6.90%
2015	-3.62%	-12.35%
2014	+3.62%	-8.46%
2013	N/A	-31.95%
2012	N/A	+2.50%
2011	N/A	+4.52%
2010	N/A	+34.18%
2009	N/A	+27.05%
2008	N/A	-5.67%
2007	N/A	+31.47%

DAX vs DBP Drawdown Comparison

The maximum drawdown for DAX was -45.59%, occurring on Mar 18, 2020. Recovery took 737 trading sessions.

The maximum drawdown for DBP was -53.89%, occurring on Dec 17, 2015. Recovery took 3293 trading sessions.

The current DAX drawdown is -5.37%. The current DBP drawdown is -31.35%.

Rank	DAX	DBP
#1	-45.59% Jan 24, 2018 - Dec 28, 2020	-53.89% Aug 22, 2011 - Sep 24, 2024
#2	-39.93% Jun 7, 2021 - Mar 7, 2024	-36.09% Mar 14, 2008 - Nov 4, 2009
#3	-24.76% Apr 6, 2015 - Apr 24, 2017	-33.30% Jan 28, 2026 - Jul 16, 2026
#4	-16.03% Mar 18, 2025 - Apr 29, 2025	-14.81% Dec 2, 2009 - May 11, 2010
#5	-14.82% Jan 27, 2026 - Mar 27, 2026	-12.19% Apr 29, 2011 - Aug 3, 2011
#6	-9.10% Dec 1, 2014 - Feb 3, 2015	-9.88% Oct 20, 2025 - Dec 10, 2025
#7	-8.58% Jul 9, 2025 - Jan 5, 2026	-9.24% Dec 31, 2010 - Feb 23, 2011
#8	-8.10% May 15, 2024 - Aug 23, 2024	-9.01% Feb 26, 2007 - Sep 17, 2007
#9	-7.43% Sep 27, 2024 - Jan 21, 2025	-8.47% Oct 29, 2024 - Jan 30, 2025
#10	-6.23% Mar 27, 2024 - May 9, 2024	-7.90% Jun 18, 2010 - Sep 7, 2010
#11	-5.67% Jan 8, 2021 - Mar 10, 2021	-6.97% Apr 2, 2025 - Apr 11, 2025
#12	-4.04% Feb 3, 2015 - Feb 20, 2015	-6.87% Dec 26, 2025 - Jan 12, 2026
#13	-3.67% Apr 16, 2021 - May 7, 2021	-6.74% Nov 8, 2007 - Jan 2, 2008
#14	-3.63% Mar 2, 2015 - Mar 16, 2015	-6.28% May 6, 2025 - Jun 12, 2025
#15	-3.62% Jun 5, 2025 - Jun 26, 2025	-6.00% May 12, 2010 - Jun 18, 2010

Correlation

Correlation between DAX and DBP is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (2007 - 2026)

DAX vs DBP dividend yield comparison.

Year	DAX	DBP
2026	1.94%	0.00%
2025	1.47%	2.44%
2024	2.24%	4.21%
2023	2.48%	4.47%
2022	2.80%	0.45%
2021	2.65%	0.00%
2020	2.25%	0.00%
2019	2.47%	1.26%
2018	3.33%	1.24%
2017	1.73%	0.12%
2016	1.78%	0.00%
2015	1.41%	0.00%
2008	0.00%	0.91%
2007	0.00%	1.94%