(DBB) DB Base Metals Fund - Overview
Etf: Aluminum, Copper, Zinc
Dividends
| Dividend Yield | 2.71% |
| Yield on Cost 5y | 4.03% |
| Yield CAGR 5y | 48.29% |
| Payout Consistency | 23.5% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 27.6% |
| Relative Tail Risk | -1.29% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.27 |
| Alpha | 20.48 |
| Character TTM | |
|---|---|
| Beta | 0.397 |
| Beta Downside | 0.426 |
| Drawdowns 3y | |
|---|---|
| Max DD | 16.59% |
| CAGR/Max DD | 0.65 |
Description: DBB DB Base Metals Fund January 19, 2026
The Invesco DB Base Metals Fund (DBB) is a U.S.- domiciled ETF that seeks to replicate the performance of the DBIQ Optimum Yield Base Metals Index, which tracks the market value of three primary base-metal futures-copper, aluminum and zinc (Grade A). The fund holds exchange-traded futures contracts rather than physical metals, allowing it to provide investors with direct exposure to price movements in the global base-metals sector.
Key metrics as of the latest reporting period include an expense ratio of 0.83%, a 3-year annualized total return of roughly 6%, and an index weighting that typically allocates about 45% to copper, 35% to aluminum and 20% to zinc. The fund’s performance is highly sensitive to macro-drivers such as Chinese industrial production, global infrastructure spending, and supply-side shocks (e.g., Chilean mining strikes for copper or Chinese smelter capacity constraints for aluminum). LME inventory levels and freight rates on major shipping lanes also act as leading indicators for price volatility in these commodities.
For a deeper dive into DBB’s risk-adjusted performance and sector-specific drivers, explore the interactive analysis available on ValueRay.
What is the price of DBB shares?
Over the past week, the price has changed by -0.67%, over one month by -2.05%, over three months by +13.85% and over the past year by +28.15%.
Is DBB a buy, sell or hold?
What are the forecasts/targets for the DBB price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 26.6 | 11.5% |
DBB Fundamental Data Overview February 05, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 257.5m USD (257.5m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 257.5m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 257.5m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 7.38% (E(257.5m)/V(257.5m) * Re(7.38%) + (debt-free company))
Discount Rate = 7.38% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)