Invesco DB Precious Metals (DBP): Historical Returns

Data Source: from January 1985 to February 2024 (~39 years)
Consolidated Returns as of 29 February 2024
Category: Commodities
Invesco DB Precious Metals (DBP) ETF
ETF • LIVE PERFORMANCE (USD currency)
0.39%
February 2024

In the last 30 Years, the Invesco DB Precious Metals (DBP) ETF obtained a 7.31% compound annual return, with a 24.07% standard deviation.

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The ETF is related to the following investment themes:

  • Asset Class: Commodity
  • Commodity: Broad Precious Metals

Investment Returns as of Feb 29, 2024

The Invesco DB Precious Metals (DBP) ETF guaranteed the following returns.

Returns are calculated in USD, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
  • the actual US Inflation rates.
INVESCO DB PRECIOUS METALS (DBP) ETF
Consolidated returns as of 29 February 2024
Swipe left to see all data
  Chg (%) Return (%) Return (%) as of Feb 29, 2024
  1 Day Time ET(*) Mar 2024 1M 6M 1Y 5Y 10Y 30Y MAX
(~39Y)
Invesco DB Precious Metals (DBP) ETF n.a. n.a. 0.39 2.16 9.80 7.19 2.09 7.31 8.26
US Inflation Adjusted return 0.39 1.01 6.90 2.97 -0.67 4.67 5.32
Returns over 1 year are annualized | Available data source: since Jan 1985
(*) Eastern Time (ET - America/New York)
US Inflation is updated to Jan 2024. Pending updates, the monthly inflation is set at 0% for the subsequent periods. Current inflation (annualized) is 1Y: 2.71% , 5Y: 4.10% , 10Y: 2.77% , 30Y: 2.52%

In 2023, the Invesco DB Precious Metals (DBP) ETF granted a 4.65% dividend yield. If you are interested in getting periodic income, please refer to the Invesco DB Precious Metals (DBP) ETF: Dividend Yield page.

Capital Growth as of Feb 29, 2024

An investment of 1$, since March 1994, now would be worth 8.31$, with a total return of 731.16% (7.31% annualized).

The Inflation Adjusted Capital now would be 3.94$, with a net total return of 293.73% (4.67% annualized).
An investment of 1$, since January 1985, now would be worth 22.35$, with a total return of 2135.49% (8.26% annualized).

The Inflation Adjusted Capital now would be 7.62$, with a net total return of 661.56% (5.32% annualized).

Investment Metrics as of Feb 29, 2024

Metrics of Invesco DB Precious Metals (DBP) ETF, updated as of 29 February 2024.

Metrics are calculated based on monthly returns, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
  • the actual US Inflation rates.
INVESCO DB PRECIOUS METALS (DBP) ETF
Advanced Metrics
Data Source: 1 January 1985 - 29 February 2024 (~39 years)
Swipe left to see all data
Metrics as of Feb 29, 2024
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~39Y)
Investment Return (%) 0.39 -2.17 2.16 9.80 1.90 7.19 2.09 8.53 7.31 8.26
Infl. Adjusted Return (%) details 0.39 -2.70 1.01 6.90 -3.43 2.97 -0.67 5.82 4.67 5.32
US Inflation (%) 0.00 0.54 1.14 2.71 5.52 4.10 2.77 2.56 2.52 2.79
Pending updates, the monthly inflation after Jan 2024 is set at 0%. Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Deepest Drawdown Depth (%) -8.38 -20.21 -24.19 -25.28 -51.65 -63.90 -63.90
Start to Recovery (# months) details 7 33* 42* 66 150* 72 72
Start (yyyy mm) 2023 05 2021 06 2020 09 2014 03 2011 09 1996 06 1996 06
Start to Bottom (# months) 5 17 26 22 52 27 27
Bottom (yyyy mm) 2023 09 2022 10 2022 10 2015 12 2015 12 1998 08 1998 08
Bottom to End (# months) 2 16 16 44 98 45 45
End (yyyy mm) 2023 11 - - 2019 08 - 2002 05 2002 05
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest
-51.65 -51.65
Start to Recovery (# months) details 150* 150*
Start (yyyy mm) 2023 05 2021 06 2020 09 2014 03 2011 09 2011 09 2011 09
Start to Bottom (# months) 5 17 26 22 52 52 52
Bottom (yyyy mm) 2023 09 2022 10 2022 10 2015 12 2015 12 2015 12 2015 12
Bottom to End (# months) 2 16 16 44 98 98 98
End (yyyy mm) 2023 11 - - 2019 08 - - -
Longest negative period (# months) details 10* 33* 43* 73 155* 155* 183
Period Start (yyyy mm) 2023 05 2021 06 2020 08 2014 03 2011 04 2011 04 1987 08
Period End (yyyy mm) 2024 02 2024 02 2024 02 2020 03 2024 02 2024 02 2002 10
Annualized Return (%) -1.00 -0.97 -1.40 -0.50 -0.19 -0.19 -0.01
Drawdowns / Negative periods marked with * are in progress
Deepest Drawdown Depth (%) -9.64 -28.09 -33.99 -33.99 -54.02 -66.48 -68.55
Start to Recovery (# months) details 10* 33* 42* 42* 150* 109 194
Start (yyyy mm) 2023 05 2021 06 2020 09 2020 09 2011 09 1994 10 1987 10
Start to Bottom (# months) 5 17 26 26 52 47 131
Bottom (yyyy mm) 2023 09 2022 10 2022 10 2022 10 2015 12 1998 08 1998 08
Bottom to End (# months) 5 16 16 16 98 62 63
End (yyyy mm) - - - - - 2003 10 2003 11
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest
-25.97
same as
deepest
-54.02
same as
deepest
Start to Recovery (# months) details 75 150*
Start (yyyy mm) 2023 05 2021 06 2020 09 2014 03 2011 09 2011 09 1987 10
Start to Bottom (# months) 5 17 26 22 52 52 131
Bottom (yyyy mm) 2023 09 2022 10 2022 10 2015 12 2015 12 2015 12 1998 08
Bottom to End (# months) 5 16 16 53 98 98 63
End (yyyy mm) - - - 2020 05 - - 2003 11
Longest negative period (# months) details 11* 36* 49 120* 191 191 206
Period Start (yyyy mm) 2023 04 2021 03 2019 09 2014 03 2008 03 2008 03 1987 05
Period End (yyyy mm) 2024 02 2024 02 2023 09 2024 02 2024 01 2024 01 2004 06
Annualized Return (%) -2.07 -3.43 -1.42 -0.67 -0.02 -0.02 -0.02
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y 30Y MAX
Standard Deviation (%) 13.97 14.93 16.41 15.65 20.21 24.07 25.24
Sharpe Ratio 0.33 -0.03 0.33 0.06 0.36 0.21 0.17
Sortino Ratio 0.52 -0.05 0.50 0.09 0.51 0.30 0.25
Ulcer Index 3.11 8.72 10.56 12.66 27.84 29.59 28.32
Ratio: Return / Standard Deviation 0.70 0.13 0.44 0.13 0.42 0.30 0.33
Ratio: Return / Deepest Drawdown 1.17 0.09 0.30 0.08 0.17 0.11 0.13
% Positive Months details 50% 44% 50% 46% 54% 53% 53%
Positive Months 6 16 30 56 130 194 251
Negative Months 6 20 30 64 110 166 219
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Best 10 Years Return (%) - Annualized 2.09 16.86 30.70 30.70
Worst 10 Years Return (%) - Annualized -3.30 -3.30 -4.06
Best 10 Years Return (%) - Annualized -0.67 14.17 27.57 27.57
Worst 10 Years Return (%) - Annualized -5.68 -5.68 -7.05
ROLLING PERIODS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Over the latest 30Y
Best Rolling Return (%) - Annualized 95.93 53.57 40.57 30.70 14.53 7.31
Worst Rolling Return (%) - Annualized -45.89 -24.85 -11.77 -3.30 8.00
% Positive Periods 59% 67% 69% 88% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 72.40 19.41 10.79 5.88 5.09 4.92
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 3.51 3.67
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 89.10 48.97 36.54 27.57 12.24 4.67
Worst Rolling Return (%) - Annualized -46.75 -26.49 -13.94 -5.68 5.64
% Positive Periods 55% 59% 66% 76% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 72.40 19.41 10.79 5.88 5.09 4.92
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 3.51 3.67
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Over all the available data source (Jan 1985 - Feb 2024)
Best Rolling Return (%) - Annualized 153.83 53.57 40.57 30.70 15.27 10.11
Worst Rolling Return (%) - Annualized -45.89 -24.85 -13.87 -4.06 7.39 6.31
% Positive Periods 58% 69% 71% 81% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 71.34 19.41 10.79 5.88 3.37 3.06
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 2.01 2.01
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 144.24 48.97 36.54 27.57 12.50 7.27
Worst Rolling Return (%) - Annualized -46.75 -26.49 -15.93 -7.05 4.25 3.64
% Positive Periods 54% 60% 67% 65% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 71.34 19.41 10.79 5.88 3.37 3.06
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 2.01 2.01
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Terms and Definitions
  • Annualized Portfolio Return: it's the annualized geometric mean return of the portfolio.
  • Deepest/Longest Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. The deepest (or maximum) drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The longest drawdown is the period observed from a peak to the subsequent peak with the greatest duration.
  • Longest negative period: it's the maximum period for which an overall negative return has been observed.
  • Standard Deviation: it's a measure of the dispersion of returns around the mean.
  • Sharpe Ratio: it's a measure of risk-adjusted performance of the portfolio. It's calculated by dividing the excess return of the portfolio over the risk-free rate by the portfolio standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
  • Sortino Ratio: another measure of risk-adjusted performance of the portfolio. It's a modification of the Sharpe Ratio (same formula but the denominator is the portfolio downside standard deviation).
  • Ulcer Index: it's a measure of downside risk that quantifies the depth and duration of drawdowns in an investment portfolio.
  • Best/Worst 10Y returns: the best and the worst 10-year return over a time frame.
  • Rolling Returns: N-year returns over a time frame, calculated over all the available data source (best, worst, % of positive returns). Each rolling period, longer than the longest negative period, yielded a non-negative minimum return.
  • Safe Withdrawal Rate (SWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, without the portfolio running out of money in any case (money amount withdrawal).
    For instance: Your initial invested capital is 100.000$; withdrawal rate (annualized) is 4%. This means that, in the first month, you will withdraw 100.000 * 4% * 1/12 = 333.33$. The second month, you’ll withdraw 333.33$ plus the inflation monthly rate. You’ll continue adjusting your withdraw monthly for inflation.
  • Perpetual Withdrawal Rate (PWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, preserving the original invested capital, adjusted for inflation too.

Correlations as of Feb 29, 2024

Correlation measures to what degree the returns of the two assets move in relation to each other.

Correlation coefficient is a numerical value between -1 and +1. If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much.
Asset correlations are calculated based on monthly returns.

Monthly correlations of Invesco DB Precious Metals (DBP) ETF vs the main Asset Classes, over different timeframes. Columns are sortable (click on table header to sort).

INVESCO DB PRECIOUS METALS (DBP) ETF
Monthly correlations as of 29 February 2024
Swipe left to see all data
Correlation vs DBP
Asset Class 1 Year 5 Years 10 Years 30 Years Since
Jan 1992
VTI
US Total Stock Market
0.23
0.32
0.17
0.24
0.23
SPY
US Large Cap
0.29
0.33
0.17
0.22
0.21
IJR
US Small Cap
-0.07
0.18
0.05
0.25
0.24
VNQ
US REITs
0.18
0.33
0.24
0.21
0.19
QQQ
US Technology
0.37
0.34
0.17
0.19
0.17
PFF
Preferred Stocks
-0.20
0.31
0.25
0.07
0.07
EFA
EAFE Stocks
0.34
0.36
0.23
0.31
0.32
VT
World All Countries
0.28
0.36
0.22
0.29
0.30
EEM
Emerging Markets
0.37
0.42
0.36
0.46
0.46
VGK
Europe
0.36
0.36
0.24
0.25
0.25
VPL
Pacific
0.30
0.35
0.23
0.35
0.36
FLLA
Latin America
0.12
0.27
0.30
0.42
0.41
BND
US Total Bond Market
0.45
0.45
0.45
0.19
0.18
TLT
Long Term Treasuries
0.37
0.34
0.38
0.08
0.08
BIL
US Cash
-0.10
0.04
0.08
0.03
0.02
TIP
TIPS
0.58
0.47
0.49
0.24
0.22
LQD
Invest. Grade Bonds
0.42
0.46
0.44
0.20
0.20
HYG
High Yield Bonds
0.35
0.38
0.34
0.20
0.20
CWB
US Convertible Bonds
0.00
0.32
0.23
0.28
0.27
BNDX
International Bonds
0.50
0.38
0.35
0.19
0.20
EMB
Emerg. Market Bonds
0.37
0.49
0.44
0.40
0.39
GLD
Gold
0.98
0.97
0.97
0.79
0.79
DBC
Commodities
0.04
0.15
0.18
0.36
0.33

If you want to learn more about historical correlations, you can find out here how the main asset class are correlated to each other.

Drawdowns

A drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.

INVESCO DB PRECIOUS METALS (DBP) ETF
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 March 1994 - 29 February 2024 (30 Years)
Data Source: 1 January 1985 - 29 February 2024 (~39 years)
Inflation Adjusted:
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-63.90% Jun 1996 Aug 1998 27 May 2002 45 72 40.58
-51.65% Sep 2011 Dec 2015 52 in progress 98 150 34.60
-31.94% Mar 2008 Oct 2008 8 Nov 2009 13 21 13.80
-27.60% Jun 2002 Jul 2002 2 Aug 2003 13 15 15.61
-26.43% Oct 1994 Jan 1995 4 May 1996 16 20 15.18
-19.41% Jan 2004 Apr 2004 4 Nov 2004 7 11 9.81
-11.22% May 2006 Sep 2006 5 Nov 2006 2 7 5.60
-11.01% May 2011 Jun 2011 2 Aug 2011 2 4 5.90
-9.77% Mar 2005 Apr 2005 2 Jul 2005 3 5 5.43
-9.32% Dec 2009 Jan 2010 2 May 2010 4 6 5.72
-7.46% Nov 2007 Nov 2007 1 Jan 2008 2 3 4.79
-7.29% Jan 2011 Jan 2011 1 Feb 2011 1 2 4.21
-7.21% Oct 2005 Oct 2005 1 Nov 2005 1 2 4.16
-6.25% Jul 2007 Aug 2007 2 Sep 2007 1 3 3.69
-5.07% Jul 2010 Jul 2010 1 Aug 2010 1 2 2.92
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 44 8.2 Months 12.19%
 
DD = 0% 12.19%
 
0% < DD <= -5% 28 12.9 Months 7.76%
 
DD <= -5% 19.94%
 
-5% < DD <= -10% 28 12.9 Months 7.76%
 
DD <= -10% 27.70%
 
-10% < DD <= -15% 38 9.5 Months 10.53%
 
DD <= -15% 38.23%
 
-15% < DD <= -20% 27 13.4 Months 7.48%
 
DD <= -20% 45.71%
 
-20% < DD <= -25% 32 11.3 Months 8.86%
 
DD <= -25% 54.57%
 
-25% < DD <= -30% 22 16.4 Months 6.09%
 
DD <= -30% 60.66%
 
-30% < DD <= -35% 15 24.1 Months 4.16%
 
DD <= -35% 64.82%
 
-35% < DD <= -40% 30 12.0 Months 8.31%
 
DD <= -40% 73.13%
 
-40% < DD <= -45% 49 7.4 Months 13.57%
 
DD <= -45% 86.70%
 
-45% < DD <= -50% 30 12.0 Months 8.31%
 
DD <= -50% 95.01%
 
-50% < DD <= -55% 16 22.6 Months 4.43%
 
DD <= -55% 99.45%
 
-55% < DD <= -60% 1 361.0 Months 0.28%
 
DD <= -60% 99.72%
 
-60% < DD <= -65% 1 361.0 Months 0.28%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-66.48% Oct 1994 Aug 1998 47 Oct 2003 62 109 39.32
-54.02% Sep 2011 Dec 2015 52 in progress 98 150 41.33
-33.29% Mar 2008 Oct 2008 8 Nov 2009 13 21 14.53
-20.23% Jan 2004 Apr 2004 4 Nov 2004 7 11 10.80
-12.14% May 2006 Sep 2006 5 Nov 2006 2 7 6.29
-11.29% May 2011 Jun 2011 2 Aug 2011 2 4 6.12
-10.38% Mar 2005 Apr 2005 2 Jul 2005 3 5 5.85
-9.43% Dec 2009 Jan 2010 2 May 2010 4 6 5.76
-8.18% Nov 2007 Nov 2007 1 Jan 2008 2 3 5.39
-7.59% Jan 2011 Jan 2011 1 Feb 2011 1 2 4.38
-7.35% Oct 2005 Oct 2005 1 Nov 2005 1 2 4.24
-6.45% Jul 2007 Aug 2007 2 Sep 2007 1 3 3.82
-5.24% Jul 2010 Jul 2010 1 Aug 2010 1 2 3.03
-4.48% Feb 2006 Feb 2006 1 Mar 2006 1 2 2.59
-2.69% Mar 1994 Apr 1994 2 Jul 1994 3 5 1.48
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 40 9.0 Months 11.08%
 
DD = 0% 11.08%
 
0% < DD <= -5% 23 15.7 Months 6.37%
 
DD <= -5% 17.45%
 
-5% < DD <= -10% 29 12.4 Months 8.03%
 
DD <= -10% 25.48%
 
-10% < DD <= -15% 24 15.0 Months 6.65%
 
DD <= -15% 32.13%
 
-15% < DD <= -20% 22 16.4 Months 6.09%
 
DD <= -20% 38.23%
 
-20% < DD <= -25% 17 21.2 Months 4.71%
 
DD <= -25% 42.94%
 
-25% < DD <= -30% 13 27.8 Months 3.60%
 
DD <= -30% 46.54%
 
-30% < DD <= -35% 17 21.2 Months 4.71%
 
DD <= -35% 51.25%
 
-35% < DD <= -40% 23 15.7 Months 6.37%
 
DD <= -40% 57.62%
 
-40% < DD <= -45% 45 8.0 Months 12.47%
 
DD <= -45% 70.08%
 
-45% < DD <= -50% 59 6.1 Months 16.34%
 
DD <= -50% 86.43%
 
-50% < DD <= -55% 32 11.3 Months 8.86%
 
DD <= -55% 95.29%
 
-55% < DD <= -60% 16 22.6 Months 4.43%
 
DD <= -60% 99.72%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 99.72%
 
-65% < DD <= -70% 1 361.0 Months 0.28%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-63.90% Jun 1996 Aug 1998 27 May 2002 45 72 40.58
-51.65% Sep 2011 Dec 2015 52 in progress 98 150 34.60
-42.77% Oct 1987 Nov 1992 62 Jul 1993 8 70 28.70
-31.94% Mar 2008 Oct 2008 8 Nov 2009 13 21 13.80
-27.60% Jun 2002 Jul 2002 2 Aug 2003 13 15 15.61
-26.43% Oct 1994 Jan 1995 4 May 1996 16 20 15.18
-19.71% Aug 1993 Sep 1993 2 Dec 1993 3 5 10.92
-19.41% Jan 2004 Apr 2004 4 Nov 2004 7 11 9.81
-19.26% Apr 1985 Dec 1985 9 Sep 1986 9 18 9.97
-11.22% May 2006 Sep 2006 5 Nov 2006 2 7 5.60
-11.01% May 2011 Jun 2011 2 Aug 2011 2 4 5.90
-9.97% May 1987 Jun 1987 2 Jul 1987 1 3 6.08
-9.77% Mar 2005 Apr 2005 2 Jul 2005 3 5 5.43
-9.32% Dec 2009 Jan 2010 2 May 2010 4 6 5.72
-8.81% Jan 1994 Apr 1994 4 Aug 1994 4 8 5.87
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 56 8.4 Months 11.89%
 
DD = 0% 11.89%
 
0% < DD <= -5% 35 13.5 Months 7.43%
 
DD <= -5% 19.32%
 
-5% < DD <= -10% 43 11.0 Months 9.13%
 
DD <= -10% 28.45%
 
-10% < DD <= -15% 45 10.5 Months 9.55%
 
DD <= -15% 38.00%
 
-15% < DD <= -20% 35 13.5 Months 7.43%
 
DD <= -20% 45.44%
 
-20% < DD <= -25% 40 11.8 Months 8.49%
 
DD <= -25% 53.93%
 
-25% < DD <= -30% 44 10.7 Months 9.34%
 
DD <= -30% 63.27%
 
-30% < DD <= -35% 36 13.1 Months 7.64%
 
DD <= -35% 70.91%
 
-35% < DD <= -40% 37 12.7 Months 7.86%
 
DD <= -40% 78.77%
 
-40% < DD <= -45% 52 9.1 Months 11.04%
 
DD <= -45% 89.81%
 
-45% < DD <= -50% 30 15.7 Months 6.37%
 
DD <= -50% 96.18%
 
-50% < DD <= -55% 16 29.4 Months 3.40%
 
DD <= -55% 99.58%
 
-55% < DD <= -60% 1 471.0 Months 0.21%
 
DD <= -60% 99.79%
 
-60% < DD <= -65% 1 471.0 Months 0.21%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-68.55% Oct 1987 Aug 1998 131 Nov 2003 63 194 39.25
-54.02% Sep 2011 Dec 2015 52 in progress 98 150 41.33
-33.29% Mar 2008 Oct 2008 8 Nov 2009 13 21 14.53
-21.25% Apr 1985 Dec 1985 9 Sep 1986 9 18 11.26
-20.23% Jan 2004 Apr 2004 4 Nov 2004 7 11 10.80
-12.14% May 2006 Sep 2006 5 Nov 2006 2 7 6.29
-11.29% May 2011 Jun 2011 2 Aug 2011 2 4 6.12
-10.61% May 1987 Jun 1987 2 Jul 1987 1 3 6.41
-10.38% Mar 2005 Apr 2005 2 Jul 2005 3 5 5.85
-9.43% Dec 2009 Jan 2010 2 May 2010 4 6 5.76
-8.18% Nov 2007 Nov 2007 1 Jan 2008 2 3 5.39
-7.59% Jan 2011 Jan 2011 1 Feb 2011 1 2 4.38
-7.35% Oct 2005 Oct 2005 1 Nov 2005 1 2 4.24
-6.65% Jan 1985 Feb 1985 2 Mar 1985 1 3 3.49
-6.45% Jul 2007 Aug 2007 2 Sep 2007 1 3 3.82
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 46 10.2 Months 9.77%
 
DD = 0% 9.77%
 
0% < DD <= -5% 25 18.8 Months 5.31%
 
DD <= -5% 15.07%
 
-5% < DD <= -10% 32 14.7 Months 6.79%
 
DD <= -10% 21.87%
 
-10% < DD <= -15% 35 13.5 Months 7.43%
 
DD <= -15% 29.30%
 
-15% < DD <= -20% 27 17.4 Months 5.73%
 
DD <= -20% 35.03%
 
-20% < DD <= -25% 27 17.4 Months 5.73%
 
DD <= -25% 40.76%
 
-25% < DD <= -30% 21 22.4 Months 4.46%
 
DD <= -30% 45.22%
 
-30% < DD <= -35% 31 15.2 Months 6.58%
 
DD <= -35% 51.80%
 
-35% < DD <= -40% 46 10.2 Months 9.77%
 
DD <= -40% 61.57%
 
-40% < DD <= -45% 59 8.0 Months 12.53%
 
DD <= -45% 74.10%
 
-45% < DD <= -50% 59 8.0 Months 12.53%
 
DD <= -50% 86.62%
 
-50% < DD <= -55% 39 12.1 Months 8.28%
 
DD <= -55% 94.90%
 
-55% < DD <= -60% 19 24.8 Months 4.03%
 
DD <= -60% 98.94%
 
-60% < DD <= -65% 4 117.8 Months 0.85%
 
DD <= -65% 99.79%
 
-65% < DD <= -70% 1 471.0 Months 0.21%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 

Rolling Returns

( more details)

A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.

INVESCO DB PRECIOUS METALS (DBP) ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 March 1994 - 29 February 2024 (30 Years)
Data Source: 1 January 1985 - 29 February 2024 (~39 years)
Inflation Adjusted:
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -45.89 09/1997
08/1998
0.54$ -12.35 0.87$ 7.32 1.07$ 33.32 1.33$ 95.93 05/2005
04/2006
1.95$ 9.80 40.69%
2Y -36.65 09/1996
08/1998
0.40$ -11.41 0.78$ 6.59 1.13$ 31.50 1.72$ 60.40 05/2004
04/2006
2.57$ 0.52 32.05%
3Y -24.85 09/1995
08/1998
0.42$ -11.30 0.69$ 8.62 1.28$ 28.67 2.13$ 53.57 05/2003
04/2006
3.62$ 1.90 32.92%
5Y -11.77 04/1996
03/2001
0.53$ -7.20 0.68$ 6.57 1.37$ 27.81 3.41$ 40.57 03/2003
02/2008
5.48$ 7.19 30.90%
7Y -8.89 09/2011
08/2018
0.52$ -2.47 0.83$ 5.11 1.41$ 27.40 5.44$ 36.54 11/2000
10/2007
8.84$ 4.75 21.66%
10Y -3.30 10/2012
09/2022
0.71$ 0.94 1.09$ 9.19 2.40$ 24.99 9.30$ 30.70 09/2001
08/2011
14.54$ 2.09 11.20%
15Y 1.90 03/2008
02/2023
1.32$ 5.50 2.23$ 13.01 6.25$ 16.96 10.47$ 20.81 09/1998
08/2013
17.03$ 3.38 0.00%
20Y 8.00 02/1996
01/2016
4.66$ 8.99 5.59$ 10.63 7.54$ 12.75 11.01$ 14.53 08/2000
07/2020
15.07$ 8.53 0.00%
30Y 7.31 03/1994
02/2024
8.31$ 7.31 8.31$ 7.31 8.31$ 7.31 8.31$ 7.31 03/1994
02/2024
8.31$ 7.31 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
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Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -46.75 09/1997
08/1998
0.53$ -14.79 0.85$ 5.00 1.04$ 30.35 1.30$ 89.10 05/2005
04/2006
1.89$ 6.90 44.99%
2Y -37.87 09/1996
08/1998
0.38$ -13.39 0.75$ 3.93 1.08$ 28.01 1.63$ 55.00 05/2004
04/2006
2.40$ -3.64 39.17%
3Y -26.49 09/1995
08/1998
0.39$ -12.86 0.66$ 5.76 1.18$ 25.77 1.98$ 48.97 05/2003
04/2006
3.30$ -3.43 40.31%
5Y -13.94 04/1996
03/2001
0.47$ -8.83 0.62$ 3.80 1.20$ 24.41 2.97$ 36.54 11/2002
10/2007
4.74$ 2.97 33.55%
7Y -10.28 09/2011
08/2018
0.46$ -4.30 0.73$ 2.41 1.18$ 24.10 4.53$ 32.98 11/2000
10/2007
7.35$ 1.24 30.69%
10Y -5.68 10/2012
09/2022
0.55$ -0.93 0.91$ 6.67 1.90$ 21.68 7.11$ 27.57 09/2001
08/2011
11.41$ -0.67 23.65%
15Y -0.45 11/2007
10/2022
0.93$ 3.25 1.61$ 10.62 4.54$ 14.25 7.37$ 17.97 09/1998
08/2013
11.92$ 0.83 1.10%
20Y 5.64 01/2004
12/2023
2.99$ 6.60 3.59$ 8.14 4.78$ 10.37 7.19$ 12.24 08/2000
07/2020
10.07$ 5.82 0.00%
30Y 4.67 03/1994
02/2024
3.93$ 4.67 3.93$ 4.67 3.93$ 4.67 3.93$ 4.67 03/1994
02/2024
3.93$ 4.67 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -45.89 09/1997
08/1998
0.54$ -12.55 0.87$ 6.94 1.06$ 35.63 1.35$ 153.83 08/1986
07/1987
2.53$ 9.80 41.18%
2Y -36.65 09/1996
08/1998
0.40$ -9.22 0.82$ 6.51 1.13$ 31.66 1.73$ 60.40 05/2004
04/2006
2.57$ 0.52 31.54%
3Y -24.85 09/1995
08/1998
0.42$ -8.89 0.75$ 9.24 1.30$ 24.21 1.91$ 53.57 05/2003
04/2006
3.62$ 1.90 30.57%
5Y -13.87 09/1993
08/1998
0.47$ -6.80 0.70$ 6.66 1.38$ 25.58 3.12$ 40.57 03/2003
02/2008
5.48$ 7.19 28.22%
7Y -8.89 09/2011
08/2018
0.52$ -2.68 0.82$ 4.69 1.37$ 26.43 5.16$ 36.54 11/2000
10/2007
8.84$ 4.75 23.00%
10Y -4.06 09/1988
08/1998
0.66$ -0.67 0.93$ 5.34 1.68$ 23.35 8.15$ 30.70 09/2001
08/2011
14.54$ 2.09 18.52%
15Y -0.49 08/1987
07/2002
0.92$ 3.43 1.65$ 10.90 4.71$ 16.14 9.43$ 20.81 09/1998
08/2013
17.03$ 3.38 0.34%
20Y 7.39 05/1985
04/2005
4.16$ 9.07 5.67$ 10.75 7.70$ 13.42 12.40$ 15.27 12/1992
11/2012
17.16$ 8.53 0.00%
30Y 6.31 10/1987
09/2017
6.27$ 7.31 8.31$ 8.29 10.91$ 9.12 13.70$ 10.11 08/1986
07/2016
17.98$ 7.31 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -46.75 09/1997
08/1998
0.53$ -15.83 0.84$ 4.13 1.04$ 31.47 1.31$ 144.24 08/1986
07/1987
2.44$ 6.90 45.32%
2Y -37.87 09/1996
08/1998
0.38$ -12.19 0.77$ 3.68 1.07$ 28.53 1.65$ 55.00 05/2004
04/2006
2.40$ -3.64 40.27%
3Y -26.49 09/1995
08/1998
0.39$ -11.48 0.69$ 6.20 1.19$ 21.95 1.81$ 48.97 05/2003
04/2006
3.30$ -3.43 39.54%
5Y -15.93 09/1993
08/1998
0.41$ -8.59 0.63$ 3.46 1.18$ 22.60 2.76$ 36.54 11/2002
10/2007
4.74$ 2.97 32.36%
7Y -10.28 09/2011
08/2018
0.46$ -4.84 0.70$ 1.63 1.11$ 23.26 4.32$ 32.98 11/2000
10/2007
7.35$ 1.24 35.92%
10Y -7.05 09/1988
08/1998
0.48$ -3.28 0.71$ 2.89 1.32$ 20.33 6.36$ 27.57 09/2001
08/2011
11.41$ -0.67 34.47%
15Y -3.49 08/1987
07/2002
0.58$ 0.72 1.11$ 8.15 3.23$ 13.38 6.57$ 17.97 09/1998
08/2013
11.92$ 0.83 9.97%
20Y 4.25 05/1985
04/2005
2.30$ 6.33 3.41$ 7.91 4.58$ 10.69 7.62$ 12.50 12/1992
11/2012
10.54$ 5.82 0.00%
30Y 3.64 10/1987
09/2017
2.91$ 4.70 3.96$ 5.67 5.23$ 6.36 6.35$ 7.27 08/1986
07/2016
8.20$ 4.67 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods

If you need a deeper detail about rolling returns, please refer to the Invesco DB Precious Metals (DBP) ETF: Rolling Returns page.

Seasonality

In which months is it better to invest in Invesco DB Precious Metals (DBP) ETF?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.
For further information about the seasonality, check the Asset Class Seasonality page.
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.18
40%
-1.41
40%
0.51
40%
1.73
60%
1.59
60%
-0.40
40%
3.50
80%
0.73
40%
-4.64
0%
2.19
75%
0.59
40%
3.72
80%
Best 4.2
2023
6.7
2022
9.1
2023
7.7
2020
7.8
2021
7.1
2019
13.5
2020
8.6
2019
-1.3
2022
6.5
2023
9.7
2022
8.6
2020
Worst -2.7
2021
-6.6
2023
-3.0
2021
-3.6
2022
-3.9
2022
-7.2
2021
-2.2
2022
-4.8
2022
-8.0
2020
-1.4
2022
-5.4
2020
-0.6
2023
Monthly Seasonality over the period Feb 1985 - Feb 2024
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Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
2.70
70%
-0.37
40%
-0.35
40%
1.41
50%
-0.21
50%
0.76
40%
0.96
60%
0.18
40%
-3.56
10%
0.69
56%
-1.43
30%
2.49
70%
Best 9.0
2015
9.9
2016
9.1
2023
7.7
2020
7.8
2021
10.7
2016
13.5
2020
8.6
2019
1.2
2016
6.5
2023
9.7
2022
8.6
2020
Worst -2.7
2021
-6.6
2023
-4.0
2014
-3.6
2022
-7.2
2016
-7.2
2021
-6.7
2015
-5.1
2016
-8.0
2020
-3.9
2016
-8.4
2016
-2.5
2016
Monthly Seasonality over the period Feb 1985 - Feb 2024
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
2.17
62%
0.80
53%
1.50
46%
1.06
46%
0.81
59%
-0.60
44%
1.04
56%
1.08
54%
1.55
46%
-1.08
50%
1.31
62%
1.43
62%
Best 20.1
1986
14.1
1997
27.5
1987
18.1
2001
16.6
1993
10.7
2016
19.7
1987
15.7
1986
39.7
1998
12.4
1993
14.3
1987
16.6
1993
Worst -15.8
1995
-9.1
1990
-13.9
2001
-17.3
2004
-14.8
1998
-12.8
2002
-17.0
2002
-19.6
1998
-15.2
2011
-28.7
1987
-19.9
1997
-11.9
2011
Monthly Seasonality over the period Feb 1985 - Feb 2024

Monthly Returns

This section provides a visual/tabular representation of the performance variability in the Invesco DB Precious Metals (DBP) ETF over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.

INVESCO DB PRECIOUS METALS (DBP) ETF
Monthly Returns Distribution
Data Source: 1 March 1994 - 29 February 2024 (30 Years)
Data Source: 1 January 1985 - 29 February 2024 (~39 years)
194 Positive Months (54%) - 166 Negative Months (46%)
251 Positive Months (53%) - 219 Negative Months (47%)
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(Scroll down to see all data)
Investment Returns, up to December 2007, have been derived using the historical series of equivalent ETFs / Assets.
You can find additional information on extended Data Sources here.

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