DBP vs DAX

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

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

DBP vs DAX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

DBP

$240M

DAX

$239M

Expense Ratio

DBP

0.75%

Winner

DAX

0.20%

Max Drawdown

DBP

53.89%

Winner

DAX

48.57%

Sharpe Ratio

Winner

DBP

0.72

DAX

-0.09

5Y Beta

Winner

DBP

0.37

DAX

0.78

5Y Dividends CAGR

Winner

DBP

57.35%

DAX

-4.99%

DBP vs DAX - Holdings Comparison

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

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

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

DBP vs DAX - Historical Returns

Returns include dividend reinvestment.

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

DBP

-4.09%

Winner

DAX

-0.68%

DBP

-15.28%

Winner

DAX

+0.49%

DBP

-21.51%

Winner

DAX

-2.45%

Winner

DBP

+22.80%

DAX

-0.24%

5Y(CAGR)

Winner

DBP

+16.18%

DAX

+8.57%

10Y(CAGR)

Winner

DBP

+10.00%

DAX

+9.14%

Max(CAGR)

Winner

DBP

+8.15%

DAX

+7.29%

DBP vs DAX - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

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

DBP vs DAX Drawdown Comparison

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

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

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

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

Correlation

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

0.92

-101

Dividend Comparison (2007 - 2026)

DBP vs DAX dividend yield comparison.

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